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Live auction - fjt_650487 - INSURANCES Le Neptune 1859

INSURANCES Le Neptune AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 200 €
Price : 77 €
Maximum bid : 95 €
End of the sale : 25 January 2022 19:56:17
bidders : 5 bidders
Type : Le Neptune
Date: 1859
Metal : silver
Diameter : 32 mm
Orientation dies : 12 h.
Weight : 16 g.
Edge : Lisse
Puncheon : Main (1845 - 1860)
Rarity : R2
Coments on the condition:
nettoyé
Catalogue references :

Obverse


Obverse legend : A L'EXERGUE : NEPTUNO. FAVENTE.
Obverse description : Neptune et Mercure assis sur un cheval de mer. Signé A.FEART.
Obverse translation : Sous la protection de Neptune.

Reverse


Reverse legend : LE NEPTUNE - COMPAGNIE ANONYME D'ASSURANCES MARITIMES - DECRET IMPERIAL DU 19 SEPTBRE 1859.
Reverse description : Inscription en sept lignes.

Commentary


Rare jeton selon Mr Galhouste.

Historical background


INSURANCES

Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.

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