Beautifully engraved RARE Specimen certificate from the
Tele-Communications, Inc. (TCI) printed in 1968. This historic document was printed by American Bank Note Company and has an
ornate border around it with a vignette of the TCI Logo. This item has the printed signature of the Company's President, John Malone and Secretary, Paul O'Brien. This is the first time we have had this certificate for sale.
Certificate Vignette
Dr. John C. Malone is Chairman of Liberty Media Corporation, a position he has held since 1990. From 1996 to March, 1999, when Tele-Communications, Inc., (TCI) merged with AT&T; Corp., he was also Chairman and Chief Executive Officer of TCI. Previous to that, from 1973 to 1996, Dr. Malone served as President and CEO of TCI. He is a Director of AT&T; Corp., and also serves on the Board of Directors for the Bank of New York, the CATO Institute, Discovery Communications, Inc., BET Holdings II, Inc., At Home Corporation and USANi, LLC. Additionally, Dr. Malone is Chairman Emeritus of the Board for Cable Television Laboratories, Inc.
TCI beginnings
1956 cattle-rancher Bob Magness builds cable television system in Memphis, Texas
1957 expands system to Plainview, Texas
1957 AT&T; sells Canadian Northern Electric (later Nortel)
1958 Magness sells Texas holdings
1958 Magness, Jack Gallivan, George Hatch and Brian Glasmann establish Western Microwave network in Montana
1962 Magness buys Collier Electric cable group
1968 Western Microwave merges with Community Television cable system and becomes American Tele-Communications, with Western Tele-Communications (WTCI) and Community Tele-Communications (CTCI) subsidiaries
1968 parent company's name changed to Tele-Communications Inc. (TCI). Headquarters moved to Denver, Colorado
1968 FCC allows non-Bell equipment to be conected to AT&T; network
1969 Microwave Communications International (MCI) establishes private long distance network
1970 TCI listed on stock exchange and is 10th largest US cable network operator
1972 John Malone joins TCI from electronics manufacturer General Instrument
1973 TCI buys Foote Cone & Belding cable operations
1974 WTCI becomes second-largest US microwave common carrier
1975 CTCI becomes second-largest US cable operator, with 149 systems
1976 Time lends TCI money for terrestrial stations to receive HBO satellite transmissions
1982 TCI becomes largest US cable operator with 2 million subscribers
1982 AT&T; has one million employees
1983 Bell Canada becomes Bell Canada Enterprises (BCE)
1983 AT&T; buys 25% of Olivetti for US$260m
1984 AT&T; local operations spun off as seven Regional Bell Operating Companies (RBOCs), aka 'Baby Bells'
1985 forms Rogers Cantel with Rogers
1987 TCI takes major stake in Turner Broadcasting System
1987 buys much of Westinghouse's Group W cable operations
1988 buys part of Storer cable group from KKR
Liberty
1990 McCaw Cellular Communications acquires 52% interest in LIN Broadcasting
1990 Liberty Media formed as TCI's programming arm
1991 TCI buys Cooke Cablevision
1991 AT&T; buys NCR for US$7.4bn
1991 Liberty Media floated, with Malone having 22% of equity (41% of votes)
1991 Liberty becomes partner in SportsChannel Chicago and SportsChannel Pacific
1992 Malone forecasts 500 channel universe in speech as Anaheim
1993 TCI subsidiary QVC makes unsuccessful bid for Paramount, subsequently acquired by Viacom
1993 TCI US$35 billion merger with Bell Atlantic abandoned
1994 TCI and Guinness Peat Group (GPG) pay $117m for Australian satellite tv licence and $216m for microwave tv licences across Australia
1994 McCaw acquired by AT&T; for US$11.5bn
1994 LIN broadcasting stations spun off as LIN TV
1995 TCI swaps stake in Turner for 7.5% of Time Warner
1996 death of Magness, succeeded by John Malone
1996 Liberty Satellite established to sell satellite dishes
1996 TCI, Packer and Lenfest (later Comcast subsidiary) participate in unsuccessful rescue of Australis pay tv in Australia
1996 AT&T; spins off Bell Laboratories as basis of Lucent Technologies
1996 sells NCR
1996 sells AT&T; Capital Corporation (leasing unit) for US$1.8bn
1997 TCI buys newspaper and cable group Kearns-Tribune (which had 7% stake in TCI)
1997 AT&T; sells Submarine Systems unit to Tyco for US$850m
1997 Liberty sells Southern Satellite Systems to Time Warner for US$213m
1999 buys 31% stake in Astrolink (promoted as the "first global wireless broadband venture") for US$425m
1999 Liberty Media takes stake in News Corporation
1999 AT&T; buys cable group MediaOne (which had absorbed the Providence Journal Co's cable operations) for US$62bn
absorbed and spun off by AT&T;
1999 TCI bought by AT&T; for US$54 billion, with Liberty Media combined with TCI Ventures Group (technology investment unit) under effective control by Malone
1999 Liberty Media gains control of TCI Music (renamed Liberty Digital) through share swap of minor internet businesses
2000 Liberty takes stake in Cendant
2000 Liberty sells stake in BET to Viacom for US2 billion
2000 Liberty sells 21% stake in Gemstar-TV Guide International to News, increasing News' holding to 43%
2000 Liberty and Paul Allen's Vulcan Ventures take US$190m stake in priceline.com
2000 Liberty buys Video Services Corporation for US$125m
2000 buys 9% stake in IDT
2000 pays US$200m for 5% of Primedia
2000 buys Ascent Entertainment Group
2000 sells Ascent's Denver Nuggets NBA team, Colorado Avalanche team and Denver Pepsi Center for US$450m
2000 Liberty takes direct stake in United Pan-Europe Communications NV, subsidiary of Amsterdam-based UnitedGlobalCom
2000 Liberty buys film processor Todd-AO, renamed Liberty Livewire
2001 Liberty Media spun off by AT&T;
2001 Liberty takes US$1.4bn stake in UnitedGlobalCom/United Pan-Europe Communications cable group
2001 Liberty buys nine German regional cable networks from Deutsche Telekom for US$5bn
2001 buys Deutsche Bank's Tele Columbus and SMATcom AG cable subsidiaries for US$1bn
2001 agrees to sell its 20% of USA Networks and 27% stake in EU-based Multithematiques tv group for 3.6% of Vivendi
2001 AT&T; spins off AT&T; Wireless
2002 AT&T; sells AT&T; Broadband (ie cable tv assets) to Comcast for value US$47.5bn
2002 Liberty takes controlling stake in OpenTV, buys interest from Naspers' MIH
beyond Telemundo and Corus
2002 sells stake in Telemundo to NBC
2003 buys 8% of Japanese cable company Jupiter Telecommunications (J-Com) from Sumitomo for $142m, taking stake to 44%
2003 sells Corus Entertainment shares for US$100m
2003 buys outstanding shares of Ascent Media Group
2003 buys remaining 57% of QVC from Comcast for US$7.9bn
2004 AT&T; Wireless acquired by Cingular (joint venture of RBOCs SBC and BellSouth) for US$41bn
2004 Liberty completes acquisition of controlling interest in UnitedGlobalCom
2004 increases voting stake in News to 9%, economic interest to 17%, becomes the largest shareholder in News
2004 AT&T; announces that it is no longer seeking residential customers
2004 Liberty sells stake in UK cable network TeleWest for £119m
2004 increases voting stake in News to 17%
2005 AT&T; agrees to US$16bn takeover by SBC Communications
2005 Liberty Media spins off 50% in cable channel group Discovery Communications to shareholders
2005 agrees to acquisition of SBS by KKR and Permira
About Specimen CertificatesSpecimen 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 were 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 has grown in popularity over the past several years.