|Beautiful engraved RARE specimen certificate from the Township of Tel-Aviv dated in 1922. This historic document was printed by American Bank Note Company and has an
ornate border around it with a vignette of the Township of Tel-Aviv coat of arms. This item has the printed signatures of the Company's President and Secretary and is over 86 years old. Written in Hebrew and English. 40 coupons attached on right side.|
New York Times Article December 22, 1922
PALESTINE BONDS OFFERED. Township of Tel-Aviv 75,000 Issue on Sale Today is described by the bankers as the first Jewish bond issue in history
Oakland Tribune October 21, 1922
First Jewish Municipal Bond Issue.
The first Jewish municipal bond
issued in history, amounting to
$80,000 has been authorized by the
Palestine Government for the
township of Tel Aviv. The obligations
are secured by taxation, the
bonds being issued at six per cent,
payable in twenty years. Bernard
A. Rosenblatt, American member of
the Zionist Executive of Palestine,
is coming to New York to arrange
for the underwriting of the loan.
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.
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