Found this online…is this legit?…or another fake?…thoughts? discussions?
Well, I’ve never seen one like it, and the November 1934 shares I have show the reclining man at the top.
The Pierce “seal” doesn’t look embossed, as was the common practice then, just printed. That said, original shares as the 1934 I mention don’t have embossing either, but neither does it have anything that says “seal”.
I’m sure there are experts out there, both in and out of the PAS, who could better answer the question.
After thinking some more on it, the timing is correct for the change from Pierce Arrow Motor Car Company to the Pierce-Arrow Motor Corporation. This happened in 1935, I believe, and carried through to the end liquidation.
Thus, it could very well be real.