Shearson Lehman Hutton Bond Certificate

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Shearson Lehman Hutton Bond Certificate - Specimen

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Vintage Stock Certificate

Product Code: SC1525

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Description

This rare specimen certificate from Shearson Lehman Hutton Inc. is from 1988. 10 3/4% Note due in 1996. Shearson was founded in 1902 and underwent several mergers with well known companies including American Express. They merged with Lehman Brothers in 1984 and then E.F. Hutton in 1988. Subsequent mergers from Primerica/ Citigroup and then finally Smith Barney eventually the Shearson name got removed. Now, they are known purely as Smith Barney.

Stock Certificates from Shearson Lehman Hutton are very hard to find. This name/entity only existed from the E.F. Hutton merger in 1988 until 1990 when American Express dropped the E.F. Hutton name from the brand.

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.