1876 stock certificate issued by the Louisville Grays shortly after joining the new National League as one of its original teams, to a Mr. R.C. Stevens who bought 37 1/2 shares at $100 per share. Within 2 years, though, it wouldn't be worth the paper it was written on. After it 4 players were found to have thrown games to rival Boston and banned for life, the Grays couldn't find replacements and folded. Certificate is a great historical artifact of the short-lived "Louisville Base Ball Company", listing its Capital Stock at $150,000 and signed by the team's president and secretary. Green and white certificate is 8 x 10 1/2" and NRMT, mounted under glass in a nice wood frame.