Beautifully engraved specimen from the American Foreign Securities Company dated 1916. This historic document was printed by American Bank Note Company and has the company's name on top center. This item
lists H.P. Davison, J. P. Morgan and James Brown as Voting Trustees and is
over 100 years old. This is the first time we have had this for sale and we only have one.
Clarence Dillon was a director of American Foreign Securities Corporation, which he had set up in 1915 to finance the French Government's purchases of munitions in the United States during WWI. In July, 1916 the French secured loans of $100,000,000 through the company to help fund their war effort against Germany.
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 and realized nice appreciation in value over the past several years.
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All Old Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.