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E-auction 74-36628 - fjt_058435 - BANKS - CRÉDIT INSTITUTIONS Comité d’escompte pour le commerce 1830

BANKS - CRÉDIT INSTITUTIONS Comité d’escompte pour le commerce AU
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NO BUYER'S FEE.
Estimate : 120 €
Price : 26 €
Maximum bid : 37 €
End of the sale : 15 September 2014 18:45:30
bidders : 5 bidders
Type : Comité d’escompte pour le commerce
Date: (1832-1841)
Date: 1830
Metal : silver
Diameter : 33 mm
Orientation dies : 12 h.
Weight : 18,10 g.
Edge : lisse
Puncheon : lampe
Rarity : R1

Obverse


Obverse legend : LOUIS PHILIPPE I - ROI DES FRANÇAIS.
Obverse description : Tête à gauche, au-dessous signature : BARRE.

Reverse


Reverse legend : COMITÉ/ D’ESCOMPTE/ POUR LE COMMERCE/ ORDONNANCE DU ROI/ DU 26 OCTOBRE/ 1830..
Reverse description : En six 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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