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: 1091
BILBAO. Bond of Rs.Vellon 100. black. In 1806 the senorio (=feudal estate) of Vizcaya, in Bilbao, raised a loan of 6.000.000 reales de vellon, of which 4.500.000 was to be contributed by the city of Bilbao, and the rest by the other towns in the senorio. This is a bond for 100 r.v., lent by a citizen of one of the other towns. In 1806 the finances of Carlos IV were in a disastrous state, with debts to France and all over Spain. The King raised money in any way he could, including 64 million r.v. in forced loans to all the provinces (of which this is part). In 1807 French armies invaded Spain, and the monarchy collapsed. It is very unlikely that this bond was ever repaid.
Themes: CITY & STATE BONDS
SPAIN
Date: 6 February 1806
Quality: VF
Startprice: € 200