128. 1917 Palmer Union Oil Co. Stock Certificate
Creator: Palmer Union Oil Company Original Price: $5* Today Value: $130 million* (Allegedly)
This stock was the subject of a lawsuit in 2012. This Palmer Oil stock certificate is reportedly valued at $130 million. The Palmer Union Oil Company was founded in California in the early 1900s, and through a long and complicated financial intertwining, Palmer Oil eventually became the Coca-Cola Company.
A man named Tony Marohn purchased this oil certificate in 2008 at a garage sale in California. He did a lot of research on the company and ended up claiming this was a US$ 130 million certificate. He sued Coca-Cola, but unfortunately, he did not become a millionaire. The court ruled that Marohn had no ownership in this obsolete oil security.
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