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E-auction 519-434403 - fme_777953 - INSURANCES Médaille, Société de secours mutuels

INSURANCES Médaille, Société de secours mutuels AU
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NO BUYER'S FEE.
Estimate : 20 €
Price : 7 €
Maximum bid : 9 €
End of the sale : 27 March 2023 18:27:40
bidders : 3 bidders
Type : Médaille, Société de secours mutuels
Date: 1930
Metal : bronze
Diameter : 42 mm
Orientation dies : 12 h.
Engraver ROTY Oscar (1846-1911)
Weight : 11,61 g.
Edge : lisse + corne BRONZE
Puncheon : corne BRONZE
Rarity : R2
Coments on the condition:
Patine hétérogène, des marques d’usure sur les reliefs. Présence de coups et rayures
Catalogue references :

Obverse


Obverse legend : SOCIETES DE SECOVRS MVTVELS.
Obverse description : La République donnant un parchemin à deux personnages. Signé : O. ROTY.

Reverse


Reverse legend : .MINISTERE DU TRAVAIL ET DE LA PREVOYANCE SOCIALE // REPUBLIQUE / FRANCAISE // ANDRE DUFRECHE / 14 JUILLET / 1930.
Reverse description : Légende circulaire, cartouche au centre.

Commentary


Diamètre de la médaille (sans la couronne de lauriers) : 26,5 mm
Exemplaire décerné à André Dufrèche.

Historical background


INSURANCES

Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.

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