Beautifully engraved RARE SPECIMEN PROOF certificate from the Donaldson, Lufkin & Jenrette, Inc.
This historic document has a vignette of an early banker. We have only seen very few examples of this historic certificate.
Donaldson, Lufkin & Jenrette was a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. DLJ’s businesses include securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. Founded in 1959 and headquartered in New York City, DLJ employed approximately 10,200 people worldwide and maintained offices in 13 cities in the United States and 16 cities in Europe, Latin America and Asia. My favorite investment banker, Michael Connelly, worked at DLJ.
On November 3, 2000, Donaldson, Lufkin & Jenrette, Inc. was acquired. The investment banking business of DLJ has been integrated into Credit Suisse First Boston, and substantially all of the asset management business of DLJ has been integrated into Credit Suisse Asset Management.
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. Proof speciemns only have printing on the face.