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Auction: 15019 - Bonds and Share Certificates of the World
Lot: 371

Italy: Monte non Vacable de' Paschi, 100 scudi, [1629], arms of the Grand Duchy of Tuscany at top left, City of Siena at right, black printing, on vellum, wax seal has fallen away, very fine and very rare early date. [R10]

This is the oldest surviving bank in the world, founded in 1472 in Siena, and this is one of the oldest certificates available to collectors. The bank was reorganised in 1624. Monte di Pieta were founded as charitable institutions in the 15th century to counter money lending. Funds were obtained from wealthy landowners and merchants and lent to those in need. Over the years they have developed into traditions banking institutions.

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Sold for
£2,800