New auctions, some ending soon!

25 April 2016 of IBSS Webmaster

The Swedish Scripo club holds his auction on May 21 (the day of the IBSS bourse in London). ‘Artemon’ offers also some mostly German Scripophily in their mail bid (Deadline May 4) and last but not least: our Society’s auction deadline countdown is also on… (May 6). For details and links check out our calender.

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AGM 2016 Notice

15 April 2016 of IBSS Webmaster

In preparation for the Society’s AGM in May we publish the Notice for the meeting. Follow this link for pdf version (convenient for printing).


NOTICE OF ANNUAL GENERAL MEETING 2016

The 2016 Annual General Meeting of the International Bond & Share Society will be held at the offices of  Spink, 69 Southampton Row, London WC1B 4ET commencing at 18.00 on Thursday May 19 with the following agenda.

1 Approval of the Report of the 2015 AGM (see pages 2 and 3 of August 2015 Scripophily)

2 Matters Arising

3 Presentation and Approval of the Accounts, January – December 2015

4 The Membership Report

5 The Publications Report

6 The Auctions Report

7 The Chairman’s Report

8 Election of the Committee

(i)  The Officers – Chairman, Secretary, Treasurer

(ii) Up to nine other members of the Committee

(iii) Recognition of the USA Chapter’s nomination to the Committee

Nominations received to date are shown below.

9 Approval of the Independent Examiner of the Society’s accounts

10 Any Other Business including any resolutions and motions received from members, signed by the Proposer and Seconder, and received by the Secretary by May 12 2016. Notice of any such resolutions and motions will be posted on this website.

ELECTION OF COMMITTEE: RESOLUTION 8         

The following nominations have been received to date for the election of the Officers and Committee of the Society for the period until the 2017 AGM. Any further nominations from consenting members, signed by the Proposer and Seconder, must be received by the Secretary by May 12 2016.

Chairman  – Martin Zanke

Secretary – Philip Atkinson

Treasurer  – Steve Maier

Other Committee Members – Mario Boone, Franky Leeuwerck, Martyn Probyn, Andreas Reineke, Tim Welo

The USA Chapter has nominated Max Hensley to the IBSS Committee for the period until the 2017 AGM.

 

IBSS Spring aution now online

8 April 2016 of IBSS Webmaster

The Society’s Spring auction features 275 lots from almost 50 different countries. An important novelty: Many lots are offered without reserve price. These are marked with an * in the lot list. For lot viewing and the list go to this page.

More than 50 scripophilists to meet in Antwerp

3 April 2016 of IBSS Webmaster

Mario Boones Antwerp auction on the 19th of March was a big success again. Over 50 collectors from all continents participated in the auction room. Overall, 58,55% of all items offered found a new owner, resulting of a turnover of 246.326 EUR (incl. sales commission).

Top item in the auction was a share of the French Compagnie des Indes from 1787 whith fetched 12.000 EUR. Most other top items in the auction were also strongly in demand, for instance the founder share of the Suez Canal (5.500 EUR) and the Dampfschiffahrts-Gesellschaft die Adler des Ober-Rheins from Switzerland (4.200 EUR, up from 2.000 EUR). The unique Antwerp City bond from 1664 was sold for 5.200 EUR.

Scott Winslow presents great fortunes 'made in U.S.A.'

Scott Winslow presents great fortunes ‘made in U.S.A.’

The bourse on Sunday was also well attended, though after 1 p.m. sales activities were practically over and most participants already preparing for heading home. At the IBSS breakfast before the bourse Scott Winslow gave an interesting speech on fortunes made by mainly American entrepreneurs and the old securities tied to these (hi)stories.

Auction results IBSS winter 2016 auction

8 February 2016 of IBSS Webmaster

The sale grossed 2.402 GBP and 33 % of the lots were sold. A pdf-file with the results is also available. For inquiries contact our auctioneer Mario Boone (auctions@scripophily.org). Selling and buying is exclusive for members.

lot £ lot £ lot £ lot £
2 42 58 12 154 20 215 40
3 30 59 14 163 10 220 13
6 20 61 20 164 12 228 40
9 20 66 25 166 50 231 11
13 15 67 18 170 40 238 15
15 55 69 60 172 25 239 15
16 60 70 23 173 75 241 10
18 10 71 15 175 60 244 40
19 10 72 15 177 26 245 27
21 12 73 35 178 12 246 35
24 10 102 12 180 20 252 30
25 25 107 24 181 16 258 11
26 40 111 12 182 60 259 10
29 50 112 12 188 40 262 15
30 14 115 12 191 20 263 20
31 8 116 15 193 12 264 80
35 30 120 30 195 15 266 27
43 140 121 40 196 23 267 10
46 10 126 15 200 12 271 20
47 28 131 12 204 10 272 40
48 22 133 20 208 7 273 30
53 10 136 25 209 12 277 20
54 12 144 10 210 60
57 22 149 15 214 20

 

Member portrait: Bob Kerstein

22 January 2016 of IBSS Webmaster

Owner of several striking internet addresses such as bob.com and scripophily.com Bob Kerstein has been without doubt the most active and successful pioneer in using the internet for scripophily. Very early he had an idea how the internet could change the trade of scripophily items and what it could do for promoting the hobby. Trading collectible stock and bond certificates since 1990 his online shop opened six years later in 1996. His affiliated business oldcompany.com undertakes research on old companies and old stocks. In 2011 he acquired the Old Stock & Bond Research Archives (formerly RM Smythe Research) from Herzog & Co., Inc.

Bob Kerstein

Treasures in his hands: Bob Kerstein

Bob has a strong background in accounting and in the internet business. He is a Certified Public Accountant and has been the Chief Financial Officer of several publicly held communications companies. As Chief Information Officer of the Vancouver Grizzlies and Vancouver Canucks he was responsible for the first team websites in the National Basketball Association (NBA) and the National Hockey League (NHL). During the dot.com hype he was involved in the founding of several related enterprises. When the first internet bubbles blew off on the stock market he was the first to have the stock certificates in his hands. For the US media he is the expert to ask about hidden treasures behind old financial documents or these papers as collectables. || more »

The Loans of the German Reich

16 November 2015 of IBSS Webmaster

SPINK UK will auction the Loans of the German Reich from the “Reichsbank vault” on Friday, Nov 20, in London. Here is the interesting history of these loans. The German version with more pictures can be viewed here as 14 pages pdf. Author: Peter Christen, SPINK CH

The Kaiserzeit 1871-1918

Kaiser Wilhelm I

Kaiser Wilhelm I

The German Reich was founded following the German victory over France in the Franco-German War (1870/71) under the leadership of Kaiser Wilhelm I. Until 1890, the politics of the Reich was dominated by the so-called „Iron Chancellor“, Otto von Bismarck. His influence also extended to the establishment of the Reich’s fiscal administration.

Otto von Bismarck

Otto von Bismarck

The first fiscal measure was the unification and standardisation of the currencies with the introduction of the Mark and the Gold Standard. In building up the financial authorities, the Reich often fell back on existing Prussian institutions and assigned them the new Reich’s function.

Reich‘s Debt Administration (Reichsschuldenverwaltung)

The Reich’s Debt Administration was founded in 1871 and has its origins in the Prussian Main Administration of the States Debt. It took over the Administration of the Reich’s Debt and the conversion of the old loans into the new Mark. It was under the control of the Chancellor and under supervision of the Reich’s Debt Commission. The following persons were the directors of the Reich’s Debt Office during the existence of the German Reich: 1874–1879: Botho Heinrich zu Eulenburg, 1879–1892: Friedrich Hermann Sydow, 1892–1905: Otto von Hoffmann, 1905–1907: Rudolf von Bitter der Jüngere und 1907–1918: Alexander von Bischoffshausen. During the Weimar Republic, the directors were Carl Halle 1918–1928 and Ernst Articus 1929–1944. The later remained in office for the vast majority of Nazi rule. All Reich borrowing was signed off by the director of the Reich’s Debt Office. Their facsimile signature is always the first signature on the left of the signatures of all directors of the Debt Administration on the individual certificates of all loans of the German Reich.

 

As France was required to pay war reparation to the German Reich, it required virtually no additional finance in its infancy. The Constitution determined that all current expenditures had to be financed by tax, tariffs, post and railway and that any fiscal deficit had to be covered by the Länder. The Loan bill from 27.1.1875 enabled the Reich to obtain external finance and to issue new loans. The purpose of these loans were the development of a Reich’s army, marine, fortifications and coastal defences, a post and telegraph administration, financing the acquisition of the Reichsdruckerei, minting a new coin, the implementation of the customs-free zone for Hamburg and Bremen and the construction of the Nord-Ostsee-Canal.

Sales and Distribution of the bonds issued by the Reich’s Debt Administration was taken on by the new German Centralbank, the Reichsbank. It was founded in 1876 and, similarly to the Reichsschuldenverwaltung, originated from an old Prussian Institution, which was founded by Friedrich the Great under the Name „Königliche Giro- und Lehnbank“, laterly called the “Prussian Bank”. The loans that are being sold by Spink auction originate from the safes of the Reichsbank.

Germania Loan

Continue Reading!

IBSS autumn auction results

14 October 2015 of IBSS Webmaster

Results of Society Auction held on October 2, 2015

 

lot

£

Lot

£

lot

£

Lot

£

4

21

51

60

119

12

158

16

5

33

53

40

120

15

159

17

8

15

56

25

121

15

160

15

9

26

58

40

123

15

163

30

12

15

59

40

124

14

168

25

14

16

60

20

127

23

172

25

15

10

64

40

128

15

174

12

17

30

75

28

131

18

177

20

20

12

86

35

133

23

178

15

21

9

87

10

135

10

181

12

22

9

88

12

140

35

182

10

24

50

92

15

141

20

183

22

29

46

93

20

143

20

190

51

30

35

94

12

148

10

191

15

31

35

96

22

149

8

192

40

38

15

97

26

150

8

193

23

39

10

103

9

151

36

197

12

44

26

107

19

152

10

202

10

45

50

110

7

153

18

212

10

46

13

112

15

155

20

215

12

48

15

118

18

156

31

218

250

Total = £2022 (38% sold)

Buyer’s premium 10% in addition

Forced loans by Napoleon

9 September 2015 of IBSS Webmaster

In our journal SCRIPOPHILY (August issue) the cover story ‘Bonaparte forces the issue’ based on an original article by Hans-Georg Glasemann in German from the ‘Aktiensammler’. This version can be downloaded here.

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IBSS winter auction ending soon

27 August 2015 of IBSS Webmaster

10 days and counting until bids must be submitted. Browse our galleries and go through the lot list.

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