Shearson Lehman Brothers Holdings Inc., 1985 Proof Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:60.00 USD Estimated At:120.00 - 240.00 USD
Shearson Lehman Brothers Holdings Inc., 1985 Proof Bond

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Delaware. $-Odd Proof Odd % Registered Bond, Black print on green border on brown paper, Allegorical woman at top next to company title, Fine-VF with chips missing along margins condition. 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 In 1981 Shearson was acquired by American Express and operated as a subsidiary of the financial services company before being merged with Lehman Brothers Kuhn Loeb in 1984 and E.F. Hutton & Co. in 1988. In 1993 Shearson was sold to Primerica, a predecessor of Citigroup, and merged with its retail brokerage business, Smith Barney, to create Smith Barney Shearson. The Shearson name was discontinued in 1994.