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Auction: 18021 - Bonds and Share Certificates of the World Online Auction
Lot: 360

Canada: Investors Overseas Services - I.O.S. Ltd., a group of bearer share warrants for 10 shares (16), green; 25 shares (3), blue; 50 shares (1), brown and 100 shares (10), all with vignette of bare breasted female at top, ornate borders, with coupons. Founded in 1953 by financier Bernard (Bernie) Cornfeld, employing thousand sof people to sell investments door to door especially to American expatriates and soldiers serving in Germany. The market dropped in the 1960's and garanteed dividens had to be paid from the company's capital effectively making it a pyramid scheme. Shares fell from $18 to $12 in the spring of 1970 and then down to $2 later in the year. Another financier Robert Vesco became involved in the company and used large sums to cover his own investments causing the final collapse of IOS and the downfall of several US and European Banks. Mostly EF (30).

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Estimate
£60 to £80