Beautiful engraved specimen certificate from the Occidental Petroleum Corporation
printed in 1989. This historic document was printed by United States Banknote Company and has an
ornate border around it with a vignette of an Occidental Petroleum employee. This item has the printed signatures of the Company's President and Secretary and is over 18 years old.
Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international petroleum exploration and development company headquartered in the Westwood district of Los Angeles.
It has also had interests in other forms of energy such as coal, and the production of other minerals such as phosphates.
For many years Occidental was headed by the late Armand Hammer, who was noted for his long-term friendly relationship with the Soviet Union, which made the company controversial in some quarters during the Cold War.
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 we 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 grown in popularity over the past several years.