Old stocks usually have been reissued

DEAR BRUCE: My family came across some old telephone stocks from 1912. Is there any way to figure out if these stocks are worth anything? — A.T., via e-mail

DEAR A.T.: There are companies that for a fee will research the stocks that you have in your possession to see if there is still value. In most cases, the stocks have been reissued. Companies have come and gone. However, if nothing else they make wonderful curios, framed items for the wall of the den. Also, the Securities and Exchange Commission gives you information on how you can find the value of old stocks. You can check it out on their website at www.sec.gov/answers/oldcer.htm.

Send your questions to: Smart Money, P.O. Box 2095, Elfers, FL 34680. E-mail to: bruce@brucewilliams.com.

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