Beautiful specimen certificate from the International Thoroughbred Breeders, Inc.
printed in 1985. This historic document was printed by the United States Banknote Corporation and has an ornate border around it with a vignette of a horse's head. This item has the printed signatures of the Company's President, Kerry B. Fitzpatrick and Secretary.
International Thoroughbred Breeders, Inc. was a publicly held company which financed the reconstruction of Garden State Park race track in Cherry Hill, New Jersey after it was taken out by a 1977 fire. The grandstand reopened in 1985, closed in 2001, was demolished, and the property redeveloped.
Kerry B. Fitzpatrick was principally engaged as chief executive of Southlake (NJ) Thoroughbred Services, a thoroughbred management and consulting firm and as managing general partner of the Southlake (NJ) Stable, a thoroughbred racing stable, in 1980 prior to his election as President and Chief Executive Officer of the Company. Mr. Fitzpatrick was elected to the Board of Trustees of the Pennsylvania Horse Breeders Association for a three year term commencing May of 1986. Mr. Fitzpatrick devoted all of his working time to the business of the Company until his resignation as President and Chief Executive Officer in the third quarter of fiscal 1988 for medical reasons.
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.