Result list 31 October 2020

The results of our October 31 sale are now online. Unsold items can be obtained in our aftersale until November 29 (first come, first served). .

Lotnumber: 872
GENOA. Bank document. black. Handwritten document (easily readable). Full typed version of the text available to the interested collector in both Italian and English. Coat-of-arms of Genoa and stamp of the Hospital de la Charité de Lyon. The financial construction as written in the document is rather complicated to figure out. We believe it states that 4 clients of the Banco San Giorgio were repaid for their investments in rentes issued by the French hospital (amounts: £30.312 + £10.104 + £3031 + £49.169). In return, the bank had provided the hospital with a credit (at 5% interest). The profit for the bank was the difference in interest between what the French rentes promised to the 4 clients of the bank and the 5% the bank was repaid by the hospital. One of very few old documents we have ever seen issued by the Banco San Giorgio, which is the oldest bank in the world, founded 1407. A most interesting and early financial document that is worthy of further study.
Date: 17 February 1789
Quality: VF
Startprice: € 500