Live auction - fme_1006401 - BANKS - CRÉDIT INSTITUTIONS Médaille, Banque du commerce du Havre
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All winning bids are subject to a 18% buyer’s fee.
Live starting : Type : Médaille, Banque du commerce du Havre
Date: n.d.
Mint name / Town : 76 - Le Havre
Metal : silver
Diameter : 35,5 mm
Orientation dies : 12 h.
Weight : 19,91 g.
Edge : lisse + abeille ARGENT
Puncheon : Abeille (1860 - 1880) ARGENT
Coments on the condition:
Patine grise hétérogène, légèrement irisée, présentant une petite usure sur les haut reliefs. Présence de quelques rayures et petits coups sur la tranche
Obverse
Obverse legend : VAH / & C.IE.
Obverse description : MOnogramme sous le blason tourelé de la ville accosté de deux ancres en sautoir et de guirlandes de chêne.
Reverse
Reverse legend : BANQUE / DU / COMMERCE / DU / HAVRE.
Reverse description : Légende en 5 lignes entre deux roseaux.
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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