BARCELONA. Accion de 250 Pesos. black. No 217. Almost fully intact paper seal, folds, trimmed borders but not into the printed part of the vellum share. The 'Barcelona' company was formed in 1755, and is perhaps the best-known of all the superb 18th-century Spanish trading company shares. The company was granted the monopoly of trade with Santo Domingo, Puerto Rico and Margarita island, off the coast of Venezuela. The initial capital of 1 million pesos was composed of 4.000 shares of 250 pesos each, but only 1.785 were sold at the outset, as the prospects for trade did not seem very attractive. The islands were poor and thinly populated, and the company brought slaves from Africa to promote agriculture. Only after the company obtained the right to trade with Buenos Aires, in 1771, was the first dividend possible. Because of insufficient capital, no further expansion was possible, and the company was taken over by the Real Compania de Filipinas in 1785. The shares of the Barcelona Company are of magnificent design, showing the port of Barcelona, and the Virgin of Montserrat, the strange and holy mountain, as well as ship's cargo, a crocodile, fish and so much else. By many seen as the world's prettiest share from 18th century.
Themes: BEFORE 1800
TRAMULLAS, Emmanuel, VALLE, Ignatius
Date: 30 May 1756
Startprice: € 1500