Friday, January 21, 2022

SPINK UK's first scripophily sale of 2022 presents Australian gold mines, British stone companies, American cattle businesses and lots more

SPINK UK launched its e-auction of world bonds & share certificates. 601 scripophily lots go on the block. The online sale started earlier this week, and its bidding window closes on Jan 31 at 12:00. The Down Under chapter in the sale consists of more than 50 lots. 



The Australasian Gold and Finance Corporation Ltd registered in 1896. The company dealt in mining properties in Western Australia, Victoria and Waihi, New Zealand. This share from 1897 has an exceptional vignette of a prospector with kangaroos and emus. L(ot) 39 in the auction starts at £50.


Here are some more Australian examples: 

  • L16 Melbourne and Suburban Railway Company, 1859, vignette of surveyor and navvy presenting train on bridge, riverboat and map, embossed seal with train 
  • The Central Australian Ruby Mining and Prospecting Co., Ltd, 1888, L45 
  • Along the Howqua River archaeological quarry sites from the Taungurong people were found. The river area would later be mined by the Chief of Howqua Gold Mining Company, L48 
  • Kelly's Freehold Gold Mining Company, Rutherglen, Victoria, 1898, wide vignette of mining operations, L65



The Canadian section features this £100 bond from the Toronto, Grey and Bruce Railway Company issued for 999 years in 1884. People bought these certificates which could be traded on the securities market. Though due in 2883, the Canadian Pacific Railway recently repaid the outstanding bonds. At £60, L385 is expected to attract buyers. 


A section of 30 Russian lots includes many Maikop oil certificates. 

About 150 lots of British bonds and shares, divided over several sections, represent themes such as canals, shipping, railways, mining, sports and entertainment. Some British examples :

  • Several slate, stone and granite companies are offered, such as the Hard Stone Firms Ltd, see image below.
  • The Grimwith Lead Mining Company, certificate for 2 ordinary shares, 1867, mines at Appletreewick, near Pateley Bridge, Yorkshire, embossed seal, fine vignette of mine entrance, L277
  • A high denomination share of £10,000 in the Wheal Stackhouse Mining Company, L302, was issued in 1836, Truro. The company operated tin and copper mines in St. Enoder, Cornwall.
  • The Crystal Palace housed the Great Exhibition of 1851 in Hyde Park, London. It became a symbol of progress, L317 and L318
  • Lot range 185 through 194 consists of 18th century South Sea annuities



The Hard Stone Firms, Limited was formed in 1897 with offices in Bath. The company owned granite quarries in Cornwall and Devon. Cornish granite was used for the Eddystone Lighthouse located on the dangerous Eddystone Rocks, roughly 15 miles south of Plymouth. The rocks submerge below the surface of the sea. The lighthouse appears both in the vignette and in the embossed seal. L278 in the auction.



The USA is the largest country represented in the auction. Several American sections cover themes like railways, mining, oil and turnpikes. This time there is also a nice series of livestock scripophily. Some examples with great vignettes: L570 Dale Land and Cattle Co. (Texas), L573 Lea Cattle Co. (New Mexico) and L576 North Moccasin Live Stock Co. (Montana).



L582 in the sale is this $1000 bond from the Union Cattle Company. Issued in 1886 it shows off its cow breed and the company's cow brand embossed in the gold seal. 



There is lots more to discover in this sale, so here are the details :
  • Location : this is an Internet only sale
  • Date : Jan 18 12:00 - Jan 31 12:00, 2022
  • Further info : see here 

F.L.


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