Live auction - fjt_570454 - BANKS - CRÉDIT INSTITUTIONS Banque d’escompte de Paris 1878
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 90 € |
| Price : | 45 € |
| Maximum bid : | 45 € |
| End of the sale : | 28 April 2020 18:18:53 |
| bidders : | 1 bidder |
Type : Banque d’escompte de Paris
Date: (fin 1879)
Date: 1878
Metal : silver
Diameter : 35,5 mm
Orientation dies : 12 h.
Weight : 21,13 g.
Edge : lisse
Puncheon : pipe ARGENT
Rarity : R2
Obverse
Obverse description : Armes de Paris posées sur un bateau vu de face, ancre en-dessous ; au-dessous signature STERN PARIS.
Reverse
Reverse legend : BANQUE/ D’ESCOMPTE/ DE PARIS 1878.
Reverse description : En trois lignes dans une couronne de chêne, au-dessous : 1878.
Commentary
Ce rare poinçon pipe n’a été utilisé qu’à la fin de 1879 (?).
Historical background
BANKS - CRÉDIT INSTITUTIONS
Until the middle of the 19th century, there were only private banks intended for large fortunes like the Rothschilds. They then took the name of investment banks such as the Banque de Paris et des Pays-Bas, the Union Générale, etc. The development of the activity, born of the Industrial Revolution, caused the creation of banks of a new type, for all, called deposit banks. The first was the Comptoir d'escompte founded in 1853. Other establishments followed: Crédit Industriel et Commercial, Crédit Lyonnais (1863), Société Générale, etc..
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