Western Electric Company Specimen Gold Bond

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Western Electric Company Specimen Gold Bond - 1910 - RARE

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Sale Price: $450.00

Vintage Collection

Product Code: SPEC56

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Description

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This rare Western Electric Company Specimen $1000 Gold Bond Certificate is from 1910. The Western Electric Manufacturing Company was incorporated in 1872 in Chicago by inventor Elisha Gray. They made typewriters, alarms, and lighting and worked closely with the Western Union Company. Gray sold his shares to Western Union along with his lawsuit he file against Alexander Graham Bell and the Bell Telephone Company over patent rights. The legal battle ended with Western Union withdrawing from the telephone market and Bell acquired Western Electric in 1881. They operated as a subsidiary of AT&T for most of their life supplying telephone equipment for the Bell System. After the Bell System breakup in 1984, they became known as the AT&T Technologies facilities.

About Specimens:
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.