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E-auction 65-31250 - fjt_058443 - BANKS - CRÉDIT INSTITUTIONS Comptoir national d’escompte 1850

BANKS - CRÉDIT INSTITUTIONS Comptoir national d’escompte AU
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NO BUYER'S FEE.
Estimate : 85 €
Price : 33 €
Maximum bid : 41 €
End of the sale : 14 July 2014 18:41:00
bidders : 7 bidders
Type : Comptoir national d’escompte
Date: (1860-1879)
Date: 1850
Metal : silver
Diameter : 45 mm
Orientation dies : 12 h.
Weight : 43,75 g.
Edge : lisse
Puncheon : abeille ARGENT
Rarity : R1

Obverse


Obverse description : Deux allégories se tenant, l’une tient un caducée, à l’arrière : ruche, train, ancre, ballots, etc. À l’exergue signature : J. CAVELIER F. - L. MERLEY. S..

Reverse


Reverse legend : REPUBLIQUE FRANÇAISE// COMPTOIR NATIONAL D’ESCOMPTE DE PARIS CREATION VII-VIII MARS MDCCCXLVIII/ INSTITVTION IX-X MARS/ CONSTITVTION XX-MARS/ ORGANISATION XXVIII MARS/ SOVS COMPTOIRS XXIV MARS/ PROROGATION DV COMPTOIR/ XX FEVRIER XXII MARS V AVRIL/ MDCCCL.
Reverse description : En huit lignes entre un navire, un caducée, une lampe et un marteau :.

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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