Beautiful specimen certificate from the Loews Corporation
. This historic document was printed by the American Bank Note Company and has an ornate border around it with a vignette of an allegorical figure. Lawrence Tisch as Chairman.
Loews Corporation is a holding company run by the Tisch Family whose subsidiaries are engaged in the following lines of business:
property and casualty insurance (CNA Financial Corporation, a 90%-owned subsidiary)
the operation of hotels (Loews Hotels, a wholly owned subsidiary)
the operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling, Inc., a 50.4%-owned subsidiary)
the operation of an interstate natural gas transmission pipeline system (Boardwalk Pipeline Partners, an 66%-owned subsidiary)
the exploration, production and marketing of natural gas, natural gas liquid (NGLs) (predominantly ethane and propane) and,
to a small extent, oil (HighMount Exploration & Production LLC, a wholly owned subsidiary)
About Specimen Certificates
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.