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Paine Webber Specimen Stock Certificate
Paine Webber Specimen Stock Certificate
Paine Webber Specimen Stock Certificate
 
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Vintage Stock Certificate


Product Code: SC1536-2

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Description
 
This rare Paine Webber Specimen Stock Certificate for Convertible Preferred Stock was printed in 1980 and features founder William Alfred Paine in the vignette.

Brokerage firm Paine Webber was founded in 1880 in Boston by William A. Paine and Wallace G. Webber. By the 2000s Paine Webber became the 4th largest private investment firm in the U.S. They were subsequently purchased by UBS and named UBS PaineWebber but the PaineWebber name was later removed and is now known as UBS Wealth Management.

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.