The hobby of collecting old stock and bond certificates is called scripophily (pronounced scri-POPH-i-ly). Some stock certificates that are worthless as securities may have value as collectibles: because of the people who signed them or owned them. because of an interest in history. because of the design or quality of the engraving. What appears to be the first ever Apple stock certificate awarded to Steve Jobs is on sale for $195,000. After the company went public in 1980, the certificate hung on Jobs’ office wall at Apple 1970's - Brokerage firms took the first step to streamline paperwork by establishing a central depository, the Depository Trust Company (DTC) where all stock certificates could be maintained. 2006 - Delaware, the state where many companies are incorporated, changed it's state law removing the requirement for physical stock certificates.