Beautifully engraved rare specimen certificate from the Elk Horn Mining Corporation
printed in 1915. This historic document was printed by the Republic Banknote Company and has an ornate border around it with a vignette of a coal mining operation.
The manual of statistics - 1915
ELK HORN COAL CORPORATION, INC.
Incorporated in West Virginia, Nov. 17, 1915, with a charter for a duration of 50 years, and acquired the E'k Horn Mining Corporation, Elk Horn Fuel Co., and Mineral Fuel Co., on the following basis of exchange of stock: For each share of Elk Horn Fuel Co. preferred stock, 1.7 shares, (par $50) preferred stock and .3 share (par $50) common stock of the new company, and for each share of Elk Horn Fuel Co. common stock, (par $100), one share common stock (par $50), of the new company; for each share of Elk Horn Mining Corporation preferred stock (par $100), two shares preferred stock (par $50), of the new company, and for each share of Elk Horn Mining Corporation common stock (par $100), 32/50 of a share of common stock (par $50) of new company. Controls the Beaver Creek Consolidated Coal Co., Kentucky River Coal Corporation, York Coal & Coke Co., and The Consolidated Coal Co. Company owns and leases over 204,493 acres of coal land in Kentucky and West Virginia. The properties are connected with the railroads and are operated with electric power.
History from OldCompany.com
stock certificate research service).
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.