Paper Money, Scripophily and Banking Histrory

Lot 109:

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Spain Banco de Espana 1889 Letra de Cambio Bill of Exchange Madrid to Barcelona

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Start price: $35

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Description

A beautifully preserved bill of exchange issued by the Banco de España (Bank of Spain) on 22 June 1881 in Madrid, payable to Barcelona. The instrument is drawn for 2,528 reales and features classic 19th-century Spanish copperplate handwriting.


Prominently affixed is a brown 50 centimos revenue stamp overprinted with an oval date stamp, as well as a Banco de España allegorical vignette, and purple oval Barcelona receiving office stamp marked “10650.” The bill is hand-signed by officials and marked "PAGADO" ("Paid") in blue.

Historical Context:
This document exemplifies commercial banking operations in late 19th-century Spain. At the time, the Banco de España was solidifying its position as the nation’s primary financial institution. Documents like this played a crucial role in domestic trade and credit operations between major Spanish cities.

Condition report:

Good condition overall with typical folding, age toning, minor edge wear, and official stamps clearly visible. Ink signatures remain bold and legible.

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