Wednesday, November 22, 2017

Historic canals for sale in Spink London's scripophhily auction

Spink's upcoming Bond and Share Certificates of the World sale will take place on 29 November.  Over six hundred lots of scripophily are to come under Spink's London hammer. Represented are certificates from the UK, Ireland, USA, China, South Africa, Middle East & North Africa, Asia, Australia, Europe, Russia and Latin America. 

In particular wide ranges of collectible securities from Mexican railroads and US railways, bonds from the Confederate States of America, and a high quality collection of historic British canals, deserve a closer look from the advanced collector.

Spink UK's auction features a collection of canal companies, introduced as 'The property of a gentlemen'. Included are 49 lots with bond and shares from companies covering three centuries. Some of the highlights are a Mercy and Irwell Navigation share as early as 1724, a share in the Derby Canal Company, 1793, and a rare Basingstoke Canal Navigation mortgage bond from 1795.  

The share shown above was issued by the The Ribble Navigation Company in 1863. The company was formed to straighten the meandering Ribble river. Click the image to enlarge and notice how the company's printed seal (see detail on top) reappears in embossed form on the dark red paper seal. The share is part of lot 255 and is expected to fetch a minimum of £80.

Auction details
  • Location : London, UK
  • Dates : 29 November 2017
  • Further info : see SPINK , online catalogue here and PDF version there 


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