Friday, October 22, 2010

More History...

State bonds were traded in Venice from the mid-13th century, and a little later in other Italian city states. Banks were formed in Italy in the 14th and 15th centuries with their capital in shares.

German mining shares were bought and sold at trade fairs in the 15th century, and city bonds in France about the same time.

In 1555, a huge French royal loan was floated, yielding 16% and crating a frenzied market for a while. The first permanent stock exchange was set up in Antwerp at that time also.

For more information visit our web site,, or call George LaBarre at 1-800-717-9529.

George H. LaBarre Galleries - Collectible Stocks and Bonds

The Scripophily Guide by Howard Shakespeare. Reprinted with permission from International Bond & Share Society

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