Archives International Auctions Sale 64 U.S., Chinese & Worldwide Scripophily; U.S. & World Coins; Medals January 27, 2021

Archives International Auctions - Sale 64 62 January 27,2021 Archives International Auctions www.archivesinternational.com 344 344 Vladikavkaz Railway Company, ca.1895-1897 Group of 5 I/U Bonds, Russia. 5 pieces, all in Russian, Dutch, and German: 1897 2000 German Marks I/U 4% Bond in gray; 1897 1000 German Marks I/U 4% Bond in orange; 1897 500 German Marks I/U Bond in blue; 1895 1000 German Marks I/U 4% Bond in red; 1895 500 German Marks I/U 4% Bond in German. All are in Fine-VF condition. (5) Est. $40-80 Serbia 345 345 Banque Serbe, 1906, I/U Bond Serbia, 1906. One Share I/U Bond for 100 Dinars, in French and Cyrillic. Coupon sheet included. Black text with ornate border, Large illustration at left of woman with a trio of cherubs. VF condition. ������������ Est. $100-200 Spain 346 346 Real Compania de Guadalajara, Loan of £600,000. 1825, £100 Sterling I/U Bond Signed by Marquis de Croy. Spain, (Issued in London and Paris), May 14, 1825, £100, I/U, Black on off white paper, Ornate border with classic lettering in title, S/N 2483, 20 coupons originally on this rare bond with 2 removed leaving 18 attached coupons on right border, back is blank, Issued as a part of a “Loan of £600,000 Sterling, for the Service of the Royal Manufacturies of Guadalajara and Ubrihuega - Divided into 6000 Certificates or Special Bonds”, 15.5 inches x 18.75 inches, VF condition, Written in Spanish and English, Printer: Paris, Imprimerie De Firmin Didot, Rue Jacob, No.24, Exceptionally early bond. The company which founded in 1824 by the Marquis de Croy merchants (Knight of the Royal Order) and signed by him on the lower left, Peter Adriel (Vice Consul and Knight of the Legion of Honour) and Jean-Marie Laperriere. The company produced textiles. It had the title “Real Compania” (Royal Company). The bond which was issued in 1825 by the Bank of England, had a total volume of 600 thousand pounds. The bond was issued in London and Paris. ������������������������������������������������������������������������������������������������������������������������������Est. $1100-1800 347 347 UniónVidriera de España (Glass Union of Spain) 1908 Issued Stock Certificate Madrid, Spain. I/U, Series B Stock Certificate for 500 Pesetas, Black print on black border with red under tint printed in Spanish, Beautiful illustration of men blowing glass at top left corner, VF-XF condition. J. Palacios. ��������������������������������� Est. $50-100 Switzerland 348 348 IOS Investment ProgramSpecimen Certificate, ca.1960s Cornfeld &Vesco ScamStock. Switzerland, ND (ca. 1960s) Specimen Program Certificate, Black text with gray border and undertint, Eagle about to take flight in oval to left. Red specimen overprints, “00000” serial number, POC’s and extended margins with perforations, VF condition, ABNC. Investors Overseas Services, Ltd. (IOS) was founded in 1955 by financier Bernard Cornfeld. The company was incorporated outside the United States with funds in Canada and headquartered in Geneva, Switzerland. In the 1960s, the company employed 25,000 people who sold 18 different mutual funds door-to-door all over Europe, operating mostly in Germany with small investors. The company mainly targeted American expatriates and U.S. servicemen who sought to avoid paying income tax. The mutual fund offerings by the company were called “people’s capitalism” by founder Cornfeld. In the following decade, the company raised $2.5 billion, due in part to its “Fund of Funds,” which meant investment in shares of other IOS offerings. The offering was very popular in the bull market times, but then the market dropped and the guaranteed dividends had to be paid straight out of the capital—in effect, making it a pyramid scheme. IOS was forced into an Initial Public Offering to meet its costs. The next bear market made many investors cash their funds as stock value decreased. Share value decreased from $18 to $12 in the spring of 1970. Cornfeld formed an investment pool with some other investors, but they lost when the share value dropped to $2. Even IOS employees and portfolio managers sold their shares by this time. Financier Robert Vesco who, at the time, was also in financial trouble, turned to Cornfeld and offered his help. Vesco proceeded to use $500 million worth of IOS money to cover his own investments in his International Controls Corporation. When he was discovered, Vesco fled to Costa Rica. IOS then collapsed and in the process ruined a number of US and European banks. �������������������������������������������������������� Est. $160-250