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Kentucky Fried Chicken Corporation (KFC) RARE (John Y. Brown, Jr as President)  - Shelbyville, Kentucky 1969  

Kentucky Fried Chicken Corporation (KFC) RARE (John Y. Brown, Jr as President) - Shelbyville, Kentucky 1969

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PRODUCT DESCRIPTION  
Beautifully engraved specimen certificate from the Kentucky Fried Chicken Corporation printed in 1969. This historic document was printed by the Federated Banknote Company and has an ornate border around it with a vignette of Colonel Harland David Sanders. This item has the printed signatures of the Company’s President, John Y. Brown, Jr and Secretary.

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In 1967, KFC had become the sixth largest restaurant chain in the U.S. by sales volume, and 30 percent of sales were takeout.By 1968, Kentucky Fried Chicken was the largest fast food business in America and in 1969 it was listed on the New York Stock Exchange. The company's amazing growth pushed its stock value to "stratospheric" levels, according to Reuters. Jack C. Massey, resigned as chairman of the company in March 1970, and John Y. Brown, Jr took over his role. The chain had reached 3,000 outlets in 48 different countries by 1970, but expansion was often chaotic and poorly executed. KFC management described the international strategy as "throwing some mud against the map on the wall, and hoping some of it would stick." In one instance, the first Japanese outlet was opened after just two weeks preparation, and was a massive failure, losing $400,000 and throwing away more chicken than it sold.

Colonel Harland David Sanders (September 9, 1890 – December 16, 1980) was an American businessman and restaurateur who founded the Kentucky Fried Chicken (KFC) restaurant chain.

In 1952 he successfully franchised "Kentucky Fried Chicken" to his friend Pete Harman of South Salt Lake, Utah, the operator of one of that city's largest restaurants. In the first year of selling the product, restaurant sales more than tripled, with 75% of the increase coming from sales of fried chicken.[15] For Harman, the addition of fried chicken was a way of differentiating his restaurant from competitors; in Utah, a product hailing from Kentucky was unique and evoked imagery of Southern hospitality. Don Anderson, a sign painter hired by Harman, coined the name Kentucky Fried Chicken.

The franchise approach became successful and in 1964 Sanders sold the Kentucky Fried Chicken corporation for $2 million to a partnership of Kentucky businessmen headed by John Y. Brown, Jr. The deal did not include the Canadian operations. In 1965 Sanders moved to Mississauga, Ontario to oversee his Canadian franchises and continued to collect franchise and appearance fees both in Canada and in the U.S. (He was active in Ontario even as he aged. For example, his 80th birthday was held at the Inn on the Park in North York, Ontario, hosted by Jerry Lewis as a Canadian Muscular Dystrophy Association fundraiser.) In September 1970 he and his wife were baptized in the Jordan River. He also befriended Billy Graham and Jerry Falwell.

In 1973, he sued Heublein Inc. — the then parent company of Kentucky Fried Chicken — over the alleged misuse of his image in promoting products he had not helped develop. In 1975, Heublein Inc. unsuccessfully sued Sanders for libel after he publicly described their gravy as "wallpaper paste" to which "sludge" was added.

John Young Brown, Jr. (born December 28, 1933) is a politician, entrepreneur, and businessman from the U.S. state of Kentucky. He served as the 55th governor of Kentucky from 1979 to 1983, although he may be best known for building Kentucky Fried Chicken (KFC) into a multi-million dollar restaurant chain. Currently single, he has been married three times, the second time to former Miss America Phyllis George. Among his children are news anchor Pamela Ashley Brown and former Secretary of State of Kentucky John Y. Brown, III.

The son of a U.S. congressman, Brown's talent for business became evident in college, where he made a substantial amount of money selling Encyclopædia Britannica sets. After briefly practicing law with his father, he purchased Kentucky Fried Chicken from founder Harland Sanders in 1964. Brown turned the company into a world-wide success, and sold his interest in the company for a huge profit in 1971. He then invested in several other restaurant ventures, but none matched the success of KFC. During the 1970s, he also owned, at various times, three professional basketball teams – the American Basketball Association's Kentucky Colonels, and the National Basketball Association's Boston Celtics and Buffalo Braves (currently the Los Angeles Clippers).

Despite having previously shown little inclination toward politics, Brown surprised political observers by declaring his candidacy for governor in 1979. With the state and nation facing difficult economic times, Brown promised to run the state government like a business. A strong media campaign funded by his personal fortune allowed him to win the Democratic primary and go on to defeat former Republican governor Louie B. Nunn in the general election. Because he owed few favors to established political leaders, he appointed many successful businesspeople to state posts instead of making political appointments. Following through on his campaign promise to make more diverse appointments, he named a woman and an African-American to his cabinet. During his tenure, Brown exerted less influence over the legislature than previous governors and was frequently absent from the state, leaving lieutenant governor Martha Layne Collins as acting governor for more than one quarter of his term. He briefly considered a run for the U.S. Senate after his gubernatorial term, but withdrew from the race after only three weeks, citing health issues. He has continued to invest in business ventures, the most high profile of which was Kenny Rogers Roasters, a wood-roasted chicken restaurant he founded with country music star Kenny Rogers.

History from Encyberpedia and OldCompany.com (old 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.

Product #: newitem283166731drbs

Normal Price: $495.00
Our Sales Price: $395.00

(You Save: 20%)

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