Beautifully engraved SPECIMEN certificate from the Reo Motors, Inc.
This historic document was printed by the American Banknote Company in 1939 and has an
ornate border around it with a vignette of the company logo between allegorical men. This item has the printed signatures of the Company’s Agent.
The Olds Motor Co. was incorporated in 1897. The initial capital investment was $50,000.00. In 1897 the company produced 4 automobiles his first gas powered vehicle to the public. The asking price was one of $1,000.
R. E. Olds was affiliated with Oldsmobile for 8 years; from August of 1897 through January of 1904.
R. E. Olds went into competition with Oldsmobile. After leaving the company in 1904 he formed REO Motor Vehicles. In the years of '05 and '06 more REOs were sold than Oldsmobiles!
Reorganized as Reo Motors, Inc. share for share 1/2/40 Reo Motors, Inc. name changed to Reo Holding Corp. 12/30/54 which merged into Nuclear Corp. of America, Inc. (Mich.) 10/7/55 which recapitalized as Nuclear Corp. of America (Del.) 6/30/58 which recapitalized as Nucor Corp. 12/29/71
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.