Beautifully engraved specimen certificate (Liquid Yield Option Note Due 2012 - Zero Coupon - Subordinated) from Waste Management, Inc
dated 1988. This historic document was printed by Jefferies Banknote Company and has an
ornate border with a vignette of an allegorical man. This item has the signatures of the Company's President and Secretary and is over 18 years old.
Waste Management, Inc. is the leading provider of comprehensive waste and environmental services in North America. The company is strongly committed to a foundation of financial strength, operating excellence and professionalism.
Waste Management tailors its services to meet the needs of each customer group and to ensure consistent, superior service at the local level. Headquartered in Houston, the company's network of operations includes 429 collection operations, 366 transfer stations, 289 active landfill disposal sites, 17 waste-to-energy plants, 138 recycling plants and 85 beneficial-use landfill gas projects. These assets enable Waste Management to offer a full range of environmental services to nearly 21 million residential, industrial, municipal and commercial customers.
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.