Beautifully engraved RARE SPECIMEN stock certificate from Crazy Eddie, Inc
. This historic document was printed by the United States Banknote Corporation and has an
ornate side border with a vignette of the company logo. This item has the printed signatures of the Company's President ( Eddie Antar ). This is only the second time we have seen a bond from this company.
Crazy Eddie was an electronics chain which was primarily located in the Northeastern United States. It was started in 1970's in Brooklyn, New York by businessman Eddie Antar.
In television and radio commercials, actor Jerry Carroll portrayed the hyperactive Crazy Eddie proclaiming "Crazy Eddie will beat any price you find" and "Crazy Eddie His Prices Are Insaaane!".
In 1989 the Crazy Eddie chain suffered a major scandal when Eddie Antar and his family were accused and eventually convicted of skimming money and cooking the books and inflating inventory. Antar fled to Israel where he lived until 1994 when he was extradited back to the United States.
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.