Archives International Auctions Sale 65 Wednesday, March 10th, 2021 U.S., Chinese & Worldwide Banknotes, Scripophily, World Coins,

Archives International Auctions - Sale 65 125 March 26,2021 Archives International Auctions www.archivesinternational.com Russia 796 796 Russian Imperial Bond Group of 6, ca.1890 to 1910. Russia..... Lot of 6 pieces: 4.5% I/U State-Loan of 1909 Coupon Bond; 125 Gold Roubles I/U 4% Gold Loan Coupon Bond; 500 Francs I/U 4% Consolidated Rente Coupon Bond; 4% I/U Coupon Bond; 5% I/U Coupon Bond; and an I/U Russian Certificate. VG to VF condition. 6 pieces ������������������������������������������������������������������������������������������������������� Est. $50-90 797 797 Wissotzky Tea Company, 1910 Pair of Issued Bonds in Russian andGerman Moscow, Russia. 1910. 2 pieces, both the same: 500 Rubles I/U Coupon Bonds in Russian and German, Black text with blue border and underprint. Fine condition. Wissotzky Tea is an international, family-owned tea company. Founded in 1849 in Moscow, Russia, it became the largest tea firm in the Russian Empire. By the early 20th century, it was the largest tea manufacturer in the world. It is also one of the oldest tea companies in the world. (2) ���������������������������������������������������������������������� Est. $90-140 Russia - Imperial 798 798 State Debt Commission, 1902, Specimen Bond Imperial Russian Government, 1902, specimen 200 Ruble 4% bond, large format bifold with coupons attached, series 2 serial 00000, overprinted “ ОБРАЗЕЦЪ ” in red (Russian for specimen), double headed eagle at top center of ornate frame, green, text in Russian, French, and German. Choice Very Fine. ���������������������������������������������������������������� Est. $450-900 Russian 799 799 Imperial Russian Government, ca.1888 Bond Pair Russia….. Lot includes 2 pieces: 125 Gold Roubles I/U 4% Gold Coupon Bond in Russian, French, German, and English; 125 Gold Roubles I/U 4% Gold Coupon Bond in Russian, French, German, and English. Both bonds are in Fine condition. (2) ������������������������������������� Est. $25-50 Spain 800 800 Societe Immobiliere Du Noveau Quartier D’Atocha A Madrid, 1863 I/U Stock Certificate Spain, 1863, Real Estate Company Of The New Atocha District In Madrid - Societe Immobiliere Du Noveau Quartier D’Atocha A Madrid, 20 % Nominative Share, Black on light blue paper, coupons and talons attached, Written in Spanish and French, Building on top center. VF condition. ������������������� Est. $70-120 Switzerland 801 801 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. ( John E. Herzog Collection) ������������ Est. $70-120