Monday, August 7, 2017

Chinese Civil War scripophily in Spink's upcoming auction

Spink's next Hong Kong auction goes on for three consecutive days, starting on 15 August 2017. Over 2,500 lots of Chinese, Asian and World banknotes and coins will be offered for sale. Chinese Scripophily is represented with 40 lots. Highlight is a 1941 bond from the Shaan Gan Ning Border Area Construction Loan.

Shaan Gan Ning Border Area Construction Loan, 1941
lot 20 in the auction, estimated HK$20,000 to HK$24,000
Shaan Gan Ning Border Area was named after
the northern provinces of Shaanxi, Gansu, and Ningxia.
click image to enlarge

The Chinese Civil War, started in 1927, was fought between the Kuomintang (KMT) government of the Republic of China and the Communist Party of China (CPC). During the following decade millions of people died in the conflict. When Japan invaded the mainland of China in 1937, the KMT, led by Chiang Kai-shek, and the CPC formed a brief alliance against Japan, called the Second United Front. As part of the policy the Shaan Gan Ning Border Area was created by the CPC in agreement with the KMT as a replacement for the former anti-Kuomintang Soviets.
While the pact existed on paper until 1945, all collaboration between the two parties had ended by 1940 - the bond dates from this turbulent period - and the Chinese Civil War resumed. Eventually, Mao Zedong's CPC would defeat Chiang Kai-shek's forces. The latter retreated to Taiwan and formed the Republic of China. Mao declared the People's Republic of China in 1949.

Auction details

  • Date : 15, 16 and 17 August 2017
  • Locaton : Hong Kong 
  • Further info : see here, catalogue there 


Wednesday, August 2, 2017

Subscribe to free Newsletter and stay informed on scripophily

The International Bond & Share Society (IBSS) offers lots of expert content freely available online to non IBSS members.  Its web site continues to expand. Several archives of newsletters and in depth articles were added, such as  

And there is more to discover: upcoming events, news items, publications and books, links to museums, associations, auctioneers and dealers, and the like.

You can sign up with the IBSS Newsletter for free, here.

share from the Japan Air Transport Co
Nihon Koku Unso Kabushiki Kaisha
Japan Air Transport Co
1928, 50 Yen share

Friday, July 7, 2017

Over 1000 lots in Archives International Auctions Summer Internet Sale

AIA's 43rd sale features U.S. & worldwide banknotes, scripophily, coins and historic ephemera. The auction includes nearly 800 lots of antique stock and bond certificates largely from the American Bank Note Company Archives. 

For sale are certificates from famous companies like Pizza Hut, Coca-Cola, Procter & Gamble, General Motors and Boeing. Most U.S. themes are represented - automobiles, aviation, mining, navigation, steel, oil, utilities, state & city, and lots more. The railroad section counts over 250 lots. Among China, Canada, Cuba, Israel and other countries, there is an interesting series of Chile scripophily.

Banco Hipotecario de Chile
1000 Pesos, series B 6% specimen bond , early 1900s
printed by the American Bank Note Company
lot 1127 in the auction
click image to enlarge

Nice engraving work from the American Bank Note Company can be seen on Banco Hipotecario de Chile specimen bonds. Their main vignette show the arms of Chile, which was designed by the Irish-born artist and engineer Charles Chatworthy Wood Taylor (1792 – 1856).  
Charles Wood Tayler emigrated to the United States in 1817. In Boston he earned a living as a landscape painter. The U.S. government hired Wood Taylor in 1819 to embark on a scientific expedition that took him to the coast of Mexico, Ecuador, Peru, and Chile. The following year he accepted the post of Lieutenant of Artillery of the Army of Chile, and was added to the corps of engineers. After taking part in several military activities Wood Taylor was promoted to the rank of Captain of Engineers. He designed the coat of arms of Chile which was adopted in 1834. Wood Taylor also designed the first stamps of Chile. Other Chilean bonds in the auction show variations in the arms.

Auction details
  • Date : 18 July 2017
  • Locaton : This is an Internet only auction.
  • Further info : see here, catalogue there 


Monday, June 12, 2017

Two-Footers for sale at Spink New York

In The Numismatics Collector's Series sale, Spink will auction more than 800 lots of coins, medals and banknotes. Seventy-six lots from the US, Canada, China and Russia complete the scripophily section.

Lot 829 is a group of railroad bonds including a $500 dollar bond issued in 1901 by the Wiscasset, Waterville & Farmington Railroad. Two $100 dollar denominations from  the same issue and a 1908 $1000 bond from the Sandy River & Rangely Lakes Railroad complete the group. Both lines were nearly neighbours and were built as "Two-Footers".

Wiscasset, Waterville and Farmington Railroad Company bond from 1901
Wiscasset, Waterville and Farmington Railroad Company
5% First Mortgage Gold Bond
$1,000,000 loan, 1901, due 1921
issued in denominations of $1000 $500 and $100

"Two Footers" are narrow-gauge railways which are cheaper to build. They require lighter construction, smaller tunnels and bridges, and use smaller cars and locomotives. Most narrow-gauges were built for industrial railways. The term (track) gauge refers to the distance between both rails. "Two-Footer" tracks were built with rails so close together that a pair of large shoes set "heel-to-toe" could span the distance between the rails. source: Wiscasset, Waterville & Farmington Railway Museum

Auction  details
  • Location : New York
  • Dates : June 19-20, 2017
  • More info : See here