Live auction - fjt_586367 - BANKS - CRÉDIT INSTITUTIONS Jeton octogonal AR 35, Caisse hypothécaire 1820
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 50 € |
| Price : | 62 € |
| Maximum bid : | 65 € |
| End of the sale : | 27 October 2020 19:14:09 |
| bidders : | 2 bidders |
Type : Jeton octogonal AR 35, Caisse hypothécaire
Date: 1820
Metal : silver
Diameter : 34,5 mm
Orientation dies : 12 h.
Weight : 21 g.
Edge : lisse
Rarity : R1
Obverse
Obverse legend : LOUIS XVIII ROI - DE FRANCE.
Obverse description : Buste à gauche, au-dessous signature BARRE F..
Reverse
Reverse legend : CAISSE HYPOTHECAIRE// *ORDCE DU ROI DU 12 JLET 1820*.
Reverse description : Légende circulaire. Ruche et charrue au-dessus d’un caducée entre deux cornes d’abondance, le tout dans une couronne composite.
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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