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Because the bond has to be physically presented.

Moving such a document is extremely risky and a lot of work so not worth it in almost any case short of the PR bump/curiousity of having the "world's oldest bond"

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Given this, we should be thankful that the NYSE is maintaining this at a loss. It occurs to me that NYSE might be the best owner of this bond, as the primary value isn’t monetary, but the demonstration of stable financial institutions.

Even if you didn't have to move it, getting a taxi to some meeting place would exceed the interest payments, let alone traveling to Europe.

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