Beautiful specimen $1000 Bond certificate from the Gotham Silk Hosiery Company
Company printed in 1936. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of a woman holding up the company's name. This item is over 37 years old. 20 coupons and warrant attached on right side.
Solon E. Summerfield moved to New York and, with money borrowed from his uncle, purchased a ribbon factory. After a year running the business, Summerfield noted the difficulty of the manufacturing of and the waning market for high grade ribbons and was consequently prompted to stake his future on a different product: silk stockings. With another loan from his uncle, Summerfield bought four new hosiery machines and established the Gotham Silk Hosiery Company in 1911. By 1925, Gotham had become a publicly owned company listed on the NYSE.
The Gotham Silk Hosiery Co. (Inc.). was engaged in manufacturing men’s and women’s silk hosiery and selling same to approximately 3,000 retail merchants throughout the United States.
History from Encyberpedia and
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.