NY. $20,000,000 Specimen Zero Coupon Senior Note due 1997, Black text on blue border and underprint, Issued to CEDE & CO., Pin-punch cancels. Shearson was the name of a series of investment banking and retail brokerage firms from 1902 until 1994, named for Edward Shearson and the firm he founded, Shearson Hammill & Co. Among Shearson's most notable incarnations were Shearson / American Express, Shearson Lehman / American Express, Shearson Lehman Brothers, Shearson Lehman Hutton and finally Smith Barney Shearson. For its first eight decades, the firm operated independently and merged with a number of Wall Street's most venerable securities firms including Hayden Stone & Co. and Loeb Rhoades & Co. Rare high denomination bond issued during the 19988 financial panic.
Estimate: $550-850