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E-auction 353-267178 - fjt_570459 - BANKS - CRÉDIT INSTITUTIONS Comptoir commercial 1802

BANKS - CRÉDIT INSTITUTIONS Comptoir commercial XF
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NO BUYER'S FEE.
Estimate : 35 €
Price : 24 €
Maximum bid : 36 €
End of the sale : 20 January 2020 18:29:00
bidders : 8 bidders
Type : Comptoir commercial
Date: 1802
Metal : silver
Diameter : 30 mm
Orientation dies : 12 h.
Weight : 12,77 g.
Edge : lisse

Obverse


Obverse legend : COMPTOIR COMMERCIAL / FROCHOT PRÉFET/ DU D. DE LA SEINE.
Obverse description : Serpent enroulé autour d’un coffre-fort ; à l’exergue en deux lignes : .

Reverse


Reverse legend : PACTE DES NÉGOCIANTS - BONAPARTE. I./ CONSUL AN X.
Reverse description : Caducée entre un épi et une grappe de raisin ; à l’exergue en deux lignes : .

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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