Beautifully engraved SPECIMEN certificate from the Redman Industries, Inc.
This historic document was printed by the Federated Banknote Company in 1968 and has an
ornate border around it with a vignette of Mercury circling the Earth. This item has the printed signatures of the Company’s President and Secretary and is 35 years old. The certificate has some light staining on the back in the center.
Redman Industries was the #3 maker of manufactured housing before it was acquired by larger rival Champion Enterprises. The deal was completed in 1996 and was valued at $368 million. Redman offered huge assembly-line homes (up to 2,700 sq. ft.) and sky-high prices (up to $100,000), as well as smaller, lower priced models that started at $11,000. The Dallas-based company's last reported revenues were $614 million in fiscal year 1996.
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 and realized nice appreciation in value over the past several years.