MADRID. 'Accion' de 2500 rs. de vn.Serie 1. black. #160000. No 33299. In 1798 a loan of 400 million reales was created by royal decree, and this organisation accepted amounts of 2500 reales under the terms of the decree. The holders were chosen, as in a lottery, to receive repayment with interest. However, it does not give terms of interest or of drawings. It suggests a forced loan, which is quite realistic at a time when Spain was in serious difficulties. Pretty piece, with fine and delicate design of birds and flowers, and the arms of Spain.
Themes: BEFORE 1800, GOVERNMENT BONDS
Date: 1 May 1799
Startprice: € 100