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E-auction 60-28025 - fjt_321032 - BANKS - CRÉDIT INSTITUTIONS Jeton octogonal AR 34, poinçon couronne, Comptoir national d’escompte 1848

BANKS - CRÉDIT INSTITUTIONS Jeton octogonal AR 34, poinçon couronne, Comptoir national d’escompte AU
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NO BUYER'S FEE.
Estimate : 28 €
Price : 23 €
Maximum bid : 25 €
End of the sale : 09 June 2014 18:57:00
bidders : 4 bidders
Type : Jeton octogonal AR 34, poinçon couronne, Comptoir national d’escompte
Date: 1848
Metal : silver
Diameter : 34,5 mm
Orientation dies : 12 h.
Edge : lisse
Puncheon : Tête de sanglier, losange ARGENT et 950 M/M

Obverse


Obverse legend : DECRET DU 7 MARS 1848.
Obverse description : La liberté debout de face, tenant une pique et un caducée, derrière elle charrue, engrenage, épis, et écus aux armes de Paris ; à l’exergue en deux lignes : DECRET DU 7 MARS/ 1848.

Reverse


Reverse legend : COMPTOIR NATIONAL D’ESCOMPTE/ DE PARIS / ASSEMBLÉE / GENERALE .
Reverse description : Au centre en deux lignes : ASSEMBLÉE/ GENERALE dans une couronne formée de deux branches de chêne et de laurier.

Commentary


Le poinçon indique que cet exemplaire est une frappe privée.

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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