Levitz Furniture Corporation - 12 7/8% High Yield Debt - Florida 1987

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Beautiful engraved specimen certificate from the Levitz Furniture Corporation printed in 1987. This historic document was printed by Jeffries Banknote Company and has an ornate border around it. This item has the printed signatures of the Company's President and Secretary and is over 20 years old. The history of Levitz Furniture Corporation dates back to 1910 when Richard Levitz opened the first Levitz Furniture store in Lebanon, Pennsylvania. Richard Levitz had two sons, Ralph and Leon, who opened another furniture store in Pottstown, Pennsylvania in 1936 bearing the family name. In the 1960's, the "warehouse/showroom" concept brought Levitz to the forefront of the furniture industry. After a very successful "Warehouse Sale," the family coupled showrooms and warehouses under one roof, forever changing the way customers shop for furniture - making large selection, low cost and immediate availability the gold standard in the furniture industry. Today, Levitz has grown to 73 showrooms and continues to carry an extensive assortment of merchandise.
About Specimens 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 over the past several years.