Beautiful engraved specimen certificate from the Ramapo Bank
printed in 1967. This historic document was printed by American Bank Note Company and has an
ornate border around it with a vignette of an eagle. This item is over 39 years old.
The Ramapo Bank, the principal subsidiary of Wayne, NJ-based Ramapo Financial Corporation, has approximately $343 million in assets and operates eight branch offices in Essex, Morris and Passaic counties.
The company merged with Valley National Bancorp in 1999.
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that grown in popularity over the past several years.