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New Valley Corp Specimen Stock Certificate - Renamed Western Union
New Valley Corp Specimen Stock Certificate
New Valley Corp Specimen Stock Certificate
 
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Vintage Stock Certificate


Product Code: SC171

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Description
 
Western Union was renamed New Valley in 1991 as the company went through bankruptcy. The name change was done in order to shield the Western Union name from being dragged through the bankruptcy proceedings. During bankruptcy New Valley was purchased by First Financial Management Corp. and in 2006 Western Union was spun off again into an independent publicly traded company.

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.