Archives International Auctions Sale 63 U.S., Chinese & Worldwide Banknotes, Scripophily, and Security Printing Ephemera and Historic Ephemera December 9th & 10th 2020

Archives International Auctions - Sale 63 122 December 9-10,2020 Archives International Auctions www.archivesinternational.com 749 749 Equity Funding Corp. of America, 1970-80’s Specimen Stock Certificate Historic Insurance Scandal and Fraud. Delaware, ND (1980-1990s). >100 Shares Specimen Stock Certificate, Black text with green border and underprint, Allegorical woman with wires and globe at top center. Red specimen overprints and POCs. VF condition, SCBN. Equity Funding Corporation of America was a Los Angeles-based U.S. financial conglomerate that marketed a package of mutual funds and life insurance to private individuals in the 1960s and 70s. It collapsed in scandal in 1973 after ex-employee Ronald Secrist and securities analyst Ray Dirks blew the whistle on massive accounting fraud, including a computer system dedicated exclusively to creating and maintaining fictitious insurance policies. Investigation found that from 1964 onward, as many as 100 company employees had engaged in organized deception of investors, auditors, reinsurers and regulatory authorities. The company created more than 60,000 bogus life insurance policies that it sold to reinsurance companies for a fee. In order to pay the premiums on the policies, Equity Funding created additional bogus policies that they would also sell. Sometimes they would claim the bogus policyholder died and then receive the death benefits from the reinsurance company. An important sidelight was the filing of insider trading charges against whistleblower Dirks. The ensuing case of Raymond L. Dirks v. Securities and Exchange Commission went all the way to the U.S. Supreme Court where Dirks was finally acquitted. The case has been termed historic in helping to define insider trading, as well as the treatment of whistleblowers, analysts and the press.��������������������������������������������������������������������� Est. $80-140 750 750 First National City Corporation with Name Changed to “CITICORP”, 1972 Specimen Stock Certificate New York. (inc. in Delaware). <100 Shares, Common Stock Specimen Certificate, Black print on pale green border and under tint, Allegorical figure at top, Specimen overprints and POC’s, VF-XF condition, ABNC. Stamp over face stating “Name changed to Citicorp.” ������������� Est. $200-350 751 751 Goldman Sachs Group, Inc. 1999 Specimen Stock Certificate New York, (Inc. in Delaware), 1999. IPO Specimen Odd Shares Stock Certificate, Black text with multicolored border at right, next to building, at left are portraits of Marcus Goldman and Samuel Sachs. Specimen POCs, VF-XF condition, ABNC. The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.������ Est. $200-350 752 752 Goldman Sachs Group, Inc., 1998 Commemorative IPO Specimen Stock Certificate Delaware, ND (1998). Specimen Odd Shares Commemorative Stock Certificate, Black text with multicolored border at right, Portrait of Marcus Goldman and Samuel Sachs at left. VF condition, ABNC. The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. This version of the IPO stock certificate is very rare. ��������������������������������������������������������������������������� Est. $250-450 753 753 Kidder, Peabody Group Inc., 1986 Specimen Stock Certificate Delaware, 1986. Odd Shares Specimen 6% Senior Preferred Stock Certificate, Black text with red border and pink background. Specimen POCs. XF condition, SCBN. Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The company’s operations included investment banking, brokerage, and trading. The firm was sold to General Electric in 1986. Following heavy losses, it was subsequently sold to PaineWebber in 1994. After the acquisition by PaineWebber, the Kidder Peabody name was dropped, ending the firm’s 130-year presence on Wall Street. Most of what was once Kidder, Peabody is now part of UBS AG, which acquired PaineWebber in November 2000. ������������������������������������������������������������������������������������������������������� Est. $75-150 754 754 Merrill Lynch & Co., Inc. ND ca.1986-1989 Registered Bond Octet NY. Lot of 8 Specimen Bonds and Notes payable in Various Currencies and interest rates. All with coupons attached, Includes $5000, U.S. Dollars (2); $10,000 Canadian Dollars; ECU 10,000 (2 different interest rate bonds); Australian Dollars, A$1,000 and A$10,000; and 2,000,000 Italian Lire. All with POC’s and Pin Punch specimens, All Uncirculated. (8) ��������������������������������������������������������������������������������������������������������������������������������� Est. $160-250