Lot 1347: BERGSPRÄNGNINGS-A/B

Boone Shares - The Scripophily Center

October 29, 2016, 10:00 AM CET
Brussels, Belgium
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Description: 1 June 1871 STOCKHOLM. Aktie-Bref 1000 Riksdaler. blue, black. No 31. Issued to one of the most important inventors and businessmen the world has ever seen: Alfred Nobel. He obtained some 75 patents and left after his death 80 different companies in some 20 countries around the world. This particular company was founded in 1871 by the American inventor Charles Burleigh, a specialist in explosives and drilling machines for the mining industry. Already in 1866 his Burleigh Rock Drill Co. sold a percussion drill which was used for the construction of the renowned Hosaac Tunnels in Massachusetts. During the same era, a revolution in the construction business emerged with the use of nitroglycerin. Although already discovered by the Italian A. Sobrero in 1847, it was the Swedish engineer Alfred Nobel who first succeeded inproducing a large quantity at once. The blasting oil immediately gained great popularity, but soon lost its glory due to frightful accidents from all over the world. Alfred Nobel even succeeded in blowing up his own factory in 1864, which caused the death of his younger brother Emil. Large-scale use was only possible after Alfred Nobel's discovery that combination with other substances (such as methyl-alcohol) helped to control the explosive power. This resulted in production of the more controllable dynamite, which he patented in 1867. It is quite logical that he decided to cooperate with Charles Burleigh: this company was now able to offer both the drilling equipment as the explosives. On the inside of the share, Charles Burleigh's patents are described, combined with a large technical picture of the drilling equipment. Alfred Nobel (1833-1896) is of course today best known for the annual Nobel prizes (funded by the bulk of his estate, 31 million Swedish kroner being some 250 million US dollars in today's value). Alfred Nobel's heritage to scripophilists consists of antique shares evidencing the global spread of his dynamite invention. A true top piece: the only share we know to be issued to Alfred Nobel himself. Rarity 11.
Condition Report: VF-EF
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