Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 484
PARIS. Obligation de F500.000. Serie 1. black. No 1. Heavy folds with a few small holes and tiny edge-splits. This bond is part of a loan raised in Paris in 1830. That year, a wave of revolution was sweeping across many countries in Europe. This included Spain, but the revolutionary forces were never strong enough to dispose the autocratic King Ferdinand VII. Back in 1823, revolutionary forces in France sent an expeditionary force (the 100.000 sons of St.Louis) to Spain to depose the King, and impose a liberal constitution, but it was unsuccessful. In 1830, inspired by the revolutions elsewhere in Europe, part of the Spanish army rose in mutiny, demanding again the removal of the King, and a new constitution, but Ferdinand was able to keep control, and the movement again failed. The new King of France, Louis Philippe, was personally sympathic to the aims of the revolutionaries, but public opinion was not, and his desire to aid the 'constitutional' forces received little support from the rest of Europe. Sympathetic forces in France sent men and money, and allowed the 'constitutionalists' to raise loans in France, including this one. The loan was for 50 million francs, in bonds of 500.000 francs (a large sum, thus for only wealthy subscribers). This bond was never issued, and one wonders how much was actually raised at the time. A historically most interesting bond. Only this one piece is known to us.
Themes: CITY & STATE BONDS
FRANCE, SPAIN
Date: 25 October 1830
Quality: VF
Startprice: € 100