MADRID. Accion Rs.2500. black. No 626. Heavy fold with small holes. A mining company formed Madrid, 1845. Mined for coal and iron, and the iron was smelted at the mines, which were at Sabero, near Leon. The coke-powered blast-furnace was the first in Spain. The first coal was mined in 1841/2, and the furnace opened in 1847/8. For some years the mine produced some 4000 tons of coal per year, which was sold in the markets of Burgos, Valladolid and Palencia. The company was only moderately successful, for technical and financial reasons, and by 1870, both mining and smelting had ended. Detailed vignette of the mines and blast-furnace, in a decorative border of flowers. Only two pieces known (the other one being in a Spanish collection) and an important share to illustrate the industrial (r)evolution in Spain.
Themes: COALMINES, METAL & ENGINEERING, MINES (no gold, silver, coal)
Date: 1 June 1845
Startprice: € 200