Result list 16 October 2021

The results of our October 16 sale are now online. Unsold items can be obtained in our aftersale until Nov 14 (first come, first served). .

Lotnumber: 171
PARIS/ALEXANDRIE. Bond for 20.000 francs. black on blue paper. No 1398. Bond issued by the Egyptian Government for 20.000 francs, dated 1 August 1860, and repayable in Paris on 31 December 1864, from the customs revenues of Alexandria. Signed by Ismail Ragheb, Minister of Finance of Egypt. The bond was handled (and probably discounted) by the Comptoird'Escompte de Paris, and by Charles Laffitte&Cie, as agents for the Egyptian Government. The Comptoird'Escompte was founded 1848 in Paris. As the name implies, it worked particularly on discount business, and wasactive in various parts of the world, especially to reduce the impact of Great Britain and of the Rothschilds. It was too generous with credit in the late 1920s, and went bankrupt in 1932. Its successor was part of today's BNP Paribas. Charles Laffitte was a famous finance-house based in Paris and London; Charles was nephew of Jacques Laffitte, a major politician and financier in France in the 1820s/30s/40s. The bond has the principal text in French on the face, and the translation in Arabic on the reverse. The oldest Egyptian government bond we have ever seen.
Date: 1 August 1860
Quality: VF
Startprice: € 500