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2.5 - What are the player certificate limits?

Comments key:
- Shares in the yellow and other colored zones do not count towards the limit.
## - Shares in the yellow and darker zones do not count towards this; shares in the cream zone count half (rounded down) towards the limit.

Players 2 3 4 5 6 7 8 9 10 Comments
1761   15 11 9 7       0-2 10-share companies in play
  18 13 11 9       3-5 10-share companies in play
  21 16 13 11       6-8 10-share companies in play
1800 7          
1812 15 10 10      
1817   20 16 13 11 9      
1822   26 20 16 13 11      
1822CA   26 20 16 13 11       Standard game
  18 14 11 9       Eastern and Western Scenarios
1822MRS   18 14 11 9 8       Medium Regional Scenario
1824   21 16 13 11      
1825             It depends which set your rules come from - shares worth less than 50 do not count towards the limit
1826 28 20 16 13 11        
1827Jr   14 11 9            
1829   18 18 17 14 12 10 9   Shares worth less than 30 do not count towards the limit
When using the optional Furness Railway on the Northern Board, increase the share limit by one
1829 Mainline   24 18 15 12 10       When playing with nine companies
28 19 14       When playing with seven companies
1830 v1 28 20 16 13 11        
1830 v2 28 20 16 13 11        
1830 v3 28 20 16 13 11 11      
1830 28 20 16 13 11        
1830 Cardgame   15 11 9 8      
1830BC   30 30 30 30         Excludes privates, includes last-seller shares in bank pool
1830NL 29 21 17 15 13        
1831   20 20 18 18 16 16 14 14  
1832 28 20 16 13 11 9       At the start
24 17 14 11 9 7       9 companies available/in play
21 15 12 9 8 6       8 companies available/in play
17 12 10 8 6 5       7 companies available/in play
14 10 8 6 5 4       6 or fewer companies available/in play
1834   13 10 8      
1835   19 15 12 11 9       Add 1 for each company 80%+ held.
1837   28 21 17 14 12        
1837SX             Varies according to the number of players, the numbers of small corporations absorbed into the KSStEB and the number of large corporations in play.
1838 Rheinland   14 11 9       Add 1 for each company 80%+ held.
1841   21 16 13 11 10 9      
1842   13 11 10 9         Add 1 if you have 2+ shares each in 3+ different companies
1844   24 18 15 13 11       Only certificates in companies having more than one share count towards the limit
1846       11           7 companies available/in play
    12 10           6 companies available/in play
  14 10 8           5 companies available/in play
  11 8 6           4 or fewer companies available/in play
1847   11 9             Variant 5 (5 companies) 
  13 10 8       Variant 6 (6 companies)
1847AE   16 12 9      
1848               In 3- or 4-player games, the limit for a director of a company that goes into receivership is reduced by an additional 2 certificates
              In 5- or 6-player games, the limit for a director of a company that goes into receivership is reduced by an additional 1 certificate
  20 17 14 12         No companies in receivership
  18 15 13 11         1 company in receivership
  16 13 12 10         2 companies in receivership 
  14 11 10 9         3 companies in receivership
  12 10 9 8         4 companies in receivership
  10 9 8 7         5 or more companies in receivership 
1849 18 12 9             First release
1849v3&4   12 9             5-company scenario
1849v3   14 11 9           6-company scenario
1849v4     11 9           6-company scenario
1850 24 17 14 11 9         At the start
21 15 12 9 8         When fewer than 9 companies remain in the game 
1851   15 12 10            
1853   21 16 13 11         Both versions - shares worth 40 or less do not count towards the limit
1854 (32 + 5 * (number of majors that have split)) / (number of players), rounded down
1856   20 16 13 11         After sale of first 6 train, depends on the number of companies closed. 5% CGR shares count half
1857   20 16 13 11      
1858   21 16 13 11      
1859   15 12 10      
1860 32 21 16       After the sale of the first '8' train, players may hold any number of certificates
1861   21 16 13 11      
1862     22 18 15 13       Depends on the number of companies closed, and on the number of players remaining active
1862EA 25 18 13 11 10 9 8     At the start of the stock round following the sale of the first H train, the certificate limit becomes equal to the highest number of shares (not certificates) held by any one player at that point.
1865 Sardinia 36 24 18         Normal game
27 18           Short game
              Dragons (foreign investors)
Phase 2 Phase 3-4 Phases 5-7
6 10 16
1867   21 16 13 11      
1868   13 10 8        
1869 The Golden Spike 30 30 25 20 16 14 12 11   12 companies in play
28 28 22 18 15 12 11 10   11 companies in play
25 25 20 16 14 11 10 9   10 companies in play
22 22 18 15 12 10 9 8   9 companies in play
1869 USA West 39 27 21 17 14 21 11    
40 28 22 18 16 13 12     When playing with the optional Illinois Central
1870 28 20 16 13 11         At the start
24 17 14 11 9         When fewer than 10 companies remain in the game 
1873                   There are no certificate limits
1876v2   13 10 8 7         ##
1879   16 12 10        
1880   20 16 14 12 11      
1881   21 18 15 12      
1889 25 19 14 12 11      
1891   20 16 13 11       After sale of first 6 train, depends on the number of companies closed. 5% JNR shares count half
1893 18 12 9      
1895   13        
1898   31 21 16 13 11        
1899   20 16 13 11        
18?? 28 20 16 13 11         At the start
24 17 14 11 9         When fewer than 10 companies remain in the game 
18Africa 28 24 18 15 12 10       With all initial companies in play
23 21 16 13 11 9       When one company has been elimianted
19 18 14 11 9 8       When two companies have been eliminated
18AL   15 12 10            
18Ardennes   11 8 6           0-1 ten-share companies in play
  12 9 7           2 ten-share companies in play
  13 10 8           3 ten-share companies in play
  14 11 9           4 ten-share companies in play
  15 12 10           5-6 ten-share companies in play
18BL 28 20 16 13 11      
18C2C 96 64 48 38 32 27 24     32 companies in play
93 62 47 37 31 27 23     31 companies in play
90 60 45 36 30 26 23     30 companies in play
87 58 44 35 29 25 22     29 companies in play
84 56 42 34 28 24 21     28 companies in play
81 54 41 32 27 23 20     27 companies in play
78 52 39 31 26 22 20     26 companies in play
75 50 38 30 25 21 19     25 companies in play
72 48 36 29 24 21 18     24 companies in play
69 46 35 28 23 20 17     23 companies in play
66 44 33 26 22 19 17     22 companies in play
63 42 32 25 21 18 16     21 companies in play
60 40 30 24 20 17 15     20 companies in play
57 38 29 23 19 16 14     19 companies in play
54 36 27 22 18 15 14     18 companies in play
51 34 26 20 17 15 13     17 companies in play
48 32 24 19 16 14 12     16 companies in play
18CLE   21 18 15 12       In 3/4 player games, for each company merging into the RTA the certificate limit is reduced by 1
            In 5/6 player games, for each two companies merging into the RTA the certificate limit is reduced by 1
18CZ   14 12 10 9      
14           Bohemia Variant (2 players)
15 13         Moravia-Silesia Variant (2 or 3 players)
18Dixie   20 15 12 11         Before the formation of the SCL or ICG
  19 14 11 10         After the formation of the SCL or ICG
18EC   21 17 14 12        
18EU 28 20 16 13            
18EZ - - - - -         Level 1 (no shares or player cash at this level)
25 16 12 10 8         Level 2
30 20 15 12 10         Level 3
18FL 21 15 12            
18GA   15 12 10            
18GA v2   15 12 10            
18GB 19 14 14 14 12      
18GL 28 20 16 13 11        
18GM     25 20 16 14 12 11   12 companies in play
    22 18 15 12 11 10   11 companies in play
  25 20 16 14 11 10 9   10 companies in play
  22 18 15 12 10 9 8   9 companies in play
25 20 16 13 11 9 8     8 companies in play
22 18 14 11 10 8       7 companies in play
20 15 12 10 8       6 companies in play
18 12 10 8       5 companies in play
15 10         4 companies in play
18Ireland   16 12 10 8      
18Kaas 28 20 16 13 11        
18Mex   19 14 11        
18MS 20 14 10      
18MW   20 16 13            
18Neb 26 17 13             The certificate limit can change during the game if one or more players becomes bankrupt
18NK   20 16 13      
18NL   22 18 14 12        
18NW 24 20 17 14 12       No companies in receivership - private company certificates are not counted
21 18 15 13 11       1 company in receivership - private company certificates are not counted
19 16 13 12 10       2 companies in receivership - private company certificates are not counted
17 14 11 10 9       3 companies in receivership - private company certificates are not counted
15 12 10 9 8       4 companies in receivership - private company certificates are not counted
12 10 9 8 7       5 or more companies in receivership - private company certificates are not counted
18NY 28 20 16 13 11        
18OE   48 36 29 24 20      
18PA   11 8 6       0-1 10-share companies
  12 9 7       2 10-share companies
  13 10 8       3 10-share companies
  14 11 9       4 10-share companies
  15 12 10       5 10-share companies
  16 13 11       6 10-share companies
  17 14 12       7 10-share companies
18Rhl Rhineland   20 15 12 10      
18Ruhr   27 20 16 13          
18SA   26 20 16 14      
18Scan 18 12 9            
18SS   - - - -       There is no certificate limit
18SY-G 29 29 16 13 11 11      
18SY-O - - - - - -       There is no certificate limit
18TN   16 12 10            
18US 19 13 10 8 7          
18USA 32 21 16 16 13 11      
18VA 27 18 13 10            
18West 28 20 16 13 11          
2038   22 16 13 11         Full game
  17 13 10 9         Short game
Crisis - - - - - - - -   There is no certificate limit
Poseidon 21 18 15 13        
Railroad Barons 9           Does not include Investor cards
Rolling Stock                   There are no certificate limits
Steam Over Holland 12 12 12 12         Rules included with the game
18 16 14 12       Second version of the rules, downloadable from BoardGameGeek

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Mail me Keith Thomasson January 16th 2019