Fund American Enterprises Holdings Specimen Stock Certificate

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Vintage Stock Certificate

Product Code: 5503

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This Fund American Enterprises specimen stock certificate was printed in 1993. Fund American Enterprises Holdings was formed in 1991 when Fireman's Insurance operations was sold to German-based Allianz. In 1999 the company, after divesting itself of substantially all the mortgage banking assets of White Mountains Services Corporation (formerly Source One) changed it’s name to White Mountains Insurance Group, Ltd.

Specimen stock certificates are certificates that were archived by printers and the company as perfect examples of the company’s stock issue. Specimen’s can be identified by their “specimen” stamp, stamped holes spelling “specimen”, or they are often issued with a serial number of a series of zeros. Often, they are also issued with no serial number at all. Specimens can also represent a design that was never issued. All of these attributes make the specimen stock certificate rarer than the issued version of the share. Many enthusiasts collect specimens as a whole new category of Scripophily.