Selling USA shares

WorriedWirral

I inherited a holding in a USA corporation about 40 years ago. The registrar is Equiniti in Saint Paul, Minnesota.
(1)What secure method of sending the certificates with my sale instructions do you recommend? (2)Equiniti recommends insuring the package for 5% of the value - how do I go about that, please?

eskbanker

If you're considering sending valuable paperwork across the pond, you might find it more cost-effective to transfer the shares into a low-cost UK broker and then sell them from there?

https://www.x-o.co.uk/how-to.html#transfer-certs

wmb194

eskbanker said:

If you're considering sending valuable paperwork across the pond, you might find it more cost-effective to transfer the shares into a low-cost UK broker and then sell them from there?

https://www.x-o.co.uk/how-to.html#transfer-certs

X-o won't work for this one, "Please note that you cannot buy or hold overseas shares or unit trusts in an X-O account" and US certificates are a different beast and require a medallion stamp to enable their transfer which means most UK brokers won't touch them.

wmb194

WorriedWirral said:

I inherited a holding in a USA corporation about 40 years ago. The registrar is Equiniti in Saint Paul, Minnesota.
(1)What secure method of sending the certificates with my sale instructions do you recommend? (2)Equiniti recommends insuring the package for 5% of the value - how do I go about that, please?

US certificates are a pain; see the thread linked below but you could try Redmayne Bentley.

  https://forums.moneysavingexpert.com/discussion/6457260/how-to-get-old-us-paper-share-certificates-online