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Molson Coors Shares ... most cost effective way of cashing them in.

We have a number of legacy Molson Coors shares, 175 iirc 
They're sitting solid at $61 each so worth about $10k
We want them gone.
We occasionally get dividend cheques for $40 which we don't cash as it'd cost more than that to cash them.
I think we'll get reemed selling them.
My sisters are going to New York for a week in April. Is there any way of opening a bank account in America & cashing the shares in and having the proceeds paid into that account?

Or is there a more cost effective way of realizing their value.
DEBT FREE - Feb '21& Mortgage Free Nov '24
Now, let's look at FIRE

Comments

  • wmb194
    wmb194 Posts: 6,133 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    We have a number of legacy Molson Coors shares, 175 iirc 
    They're sitting solid at $61 each so worth about $10k
    We want them gone.
    We occasionally get dividend cheques for $40 which we don't cash as it'd cost more than that to cash them.
    I think we'll get reemed selling them.
    My sisters are going to New York for a week in April. Is there any way of opening a bank account in America & cashing the shares in and having the proceeds paid into that account?

    Or is there a more cost effective way of realizing their value.
    Forget your sisters being able to do anything whilst there.

    Take a look at this thread from last year. Try Redmayne Bentley.

    https://forums.moneysavingexpert.com/discussion/6457260/how-to-get-old-us-paper-share-certificates-online
  • wmb194
    wmb194 Posts: 6,133 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 14 February 2024 at 3:27PM
    Btw, if you want to have a go at obtaining your dividends try opening a Wise USD account and ask the share registrar to send the money by domestic ACH to that account. It should be free and from the registrar's perspective it won't be an international payment.
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