Why Antique Stock Certificates Have Holes

September 6th, 2026· 0:14

A visually demonstrable explainer: the speaker points out cancellation holes on a Baltimore and Ohio certificate and explains their practical meaning, giving the moment a useful takeaway and a natural ending. Quote: "One of the earliest railroads in the country was the Baltimore and Ohio, the BO. This is an issued and cancelled. You can see by these cancellation holes here, so you can no longer turn it in." Clip from 'Monopoly Stock and Bond Certificate Starter Pack! #stockcertificate' [40.96-55.44s] (video 1725787).