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Live auction - fjt_477953 - BANKS - CRÉDIT INSTITUTIONS SOCIÉTÉ GÉNÉRALE n.d.

BANKS - CRÉDIT INSTITUTIONS SOCIÉTÉ GÉNÉRALE AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 120 €
Price : 60 €
Maximum bid : 62 €
End of the sale : 10 April 2018 17:36:25
bidders : 1 bidder
Type : SOCIÉTÉ GÉNÉRALE
Date: n.d.
Metal : silver
Diameter : 33,5 mm
Orientation dies : 12 h.
Weight : 17,39 g.
Edge : lisse
Puncheon : Abeille (1860 - 1880)
Rarity : R2

Obverse


Obverse description : Deux serpents enroulés autour d'un baton ailé entre une palme et une branche de chêne.

Reverse


Reverse legend : SOCIETE GENERALE.
Reverse description : Une croix dans le champ et, enfilés sur sa barre horizontale, un S et un G. Au dessus, une banderole.

Commentary


Incroyable erreur de poinçon : ce jeton porte superposés un poinçon cuivre et un poinçon argent !.
Incredible hallmark error: this token has a copper hallmark and a silver hallmark superimposed!

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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