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Auction: SW1008 - Bonds and Share Certificates of the World
Lot: 217

Monte di Pietà della Città di Firenze. 4%-Monte di Pietà della Città di Firenze, Nuovo Monte non vacabile, Provvisione 12. Settembre 1645; 1 Luoghi at 100 Ducati, Florence, 12. May 1700. These “Montes” (from latin mons = mountain = “collection of money”) originally where loans to the state, which -due to christian prohibition on interest- had the form of forced loans. The creditors where grouped in public bodies, which at the beginning of the 12th century and first in Tuscany started to be the nucleus of organized banks. The negotiable and transferable parts, the “loca montium” were predecessors of modern bonds or even shares. Normally the public body assigned a source of income to these montes, which was guaranteed until repayment of the capital. The Monte di Pietà of Florence was founded in 1473. Wood engraving printed on pigskin with handwritten additions. In the middle coat of arms of the Medici family the rule of Tuscany and the city of Florence. To the right and left illustration of Jesus blessing six loafs of bread (allusion to Sermon on the Mount), paper covered seal and original signatures. VF.

Sold for
SFr800