Result list 1 April 2017

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

Lotnumber: 1206
Debenture £71 6s. 3d. black. No 2195. Folds with tiny edge-splits. One of the best-known of the many mining ventures by European entrepreneurs in the newly-independent republics of Latin America. Formed 1824 to acquire silver mines at Pachuca, north- north-east of Mexico City. The mine formerly belonged to the count of Regla and were mined by the Spanish from the 16th century. The company raised nearly £1 million 1824-1840 and lost it all. The £40 shares (£70 paid) traded at £1479 in 1824, £45 in 1830 and less than £1 in 1848! Company was managed by the leading English mining engineer and entrepreneur John Taylor from formation in 1824 until shortly before dissolution in 1848. This certificate was issued to holders of shares or bonds issued by the company earlier and says itentitles its holders to £71 out of the profits of the company. The 3 page text describes it all in detail, but it basically was an attempt by the company to keep its investors aboard despite the financial difficulties it was in.
Date: 20 October 1843
Quality: VF
Startprice: € 100