Hi guys...Take a look at this State of New York stock transfer tax stamp....There is a number with the perfin, is this a number that changes as stamps are perfined..?
"The punch cancel (rather than a perfin) provides the ID..." The difference between the two is something that I have no knowledge of. I will be grateful to learn the distinction between them.
Here is a similar stamped document with both a perfin and a punch cancel on the same stamp. The smaller stylized J&Co perfin identifies the company and discourages theft without ruining the value, and was applied to the mint stamps before application to the document. The punch cancel also has corporate initials and an additional date, and ties the stamp to the document thus cancelling the stamp and its value. Photo is taken backlit to show, the perfin to the stamp only and the punch cancel going through both the document and the stamps.
As long as we're on the subject of NY Stock Transfer Tax Stamps, here's an older one with (what looks like) a punch-type (rather than perfin type) identifier with the initials "B&C". Does anyone know what firm would have used this device?
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