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Lot 1310: VILLA DE BILBAO

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

29 October 2016

Brussels, Belgium

Live Auction
Sold
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Description: 6 February 1806 BILBAO. Bond of Rs.Vellon 200. black. Folds. 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 200 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 from 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. Extremely rare.

Condition Report: VF

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