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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: sutton ✶  😊 😞
Number: of 15070 
Subject: Re: Are Berkshire Shares Safe?
Date: 03/14/2023 3:17 PM
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Re Medallion stamps.

I got one years ago, and mostly what I remember is what a ridiculous, pointless nuisance it was. And this experience was from a regional bank who knew me personally. So, "...eSignature Guarantee, an online outfit that provides them" sounded like a good idea. I looked them up, and looks like they go through the same on-line identification rigamarole as do credit agencies.

I did find this in their fine print, however: " Our medallion stamp is only valid on stocks up to $500,000." So, one Berkshire A share will be beyond their service in another year or two

The whole medallion thing seems kinda antiquated and crazy.

Overall, I couldn't agree more. They sound like the venerable Letters of Credit that travelers used for a few hundred years until American Express ate their lunch with the invention of travelers' checks in the 1960s.

--sutton
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