1867 SHIELD 5C, RAYS MS66
WITH RAYS. VERY FLASHY. ONLY 2 GRADED HIGHER AT NGC.
Millions of Americans take part in the New York Stock exchange on a yearly, monthly, weekly and even daily basis. This is where true investment begins and the potential for riches or poverty relies on thousands of charts and graphs. However, these stock ticker reports did not debut when the stock market did in 1792. In fact, most of the information prior to 1867 was received via mail or messenger until Edward Calahan revolutionized the market forever. On November 15, 1867 Mr. Calahan presented his ingeniously configured telegraph machine that reported up-to-the-minute prices on stocks. This allowed traders to receive price information immediately and launch American trading into new heights since the burden of uncertainty was taken away. When the first mechanical ticker premiered, there were fewer stocks populating the market and the information from these companies would flood in on paper tape. Today only a few stocks are featured on any given site’s ticker, and these are usually stocks that have fluctuated in price significantly or had greatly increased in trade volume. On these reports it also shows the stock trade symbol, how many shares were traded before the closing bell, and the price per share. Since the debut of the last mechanical stock ticker in 1960 all machines have since been traded out for a computerized method that is displayed on a digital screen. Besides the technological advancement, the exchange has remained relatively the same as it was in 1867.