1868 Austria 1000 Gulden State 5% Consolidation Loan Bond WYSIWYG G+

Description: 1868 Austria State 5% Consolidation Loan 1000 Gulden Bond What You See Is What You Get Lot KuK1915: One Austrian state 5% consolidation loan bond for 1000 Gulden (Florins), with coupons, in circulated condition. Issued in Vienna on 1 November 1868. Good condition decorative bi-fold bond consisting of 4 pages, 2 blank. Face features allegorical Vestal, Hercules, and cherubs. Polyglot border surrounds. One full page describing the terms of the bond in 12 languages. Includes partial sheet insert of interest coupons numbered 16-33 and dated from May 1920, to May 1929. The bond is in good condition, generally solid with folds, pinholes and wear usual for grade. Light toning, punch cancel; measures approx. 9” x 15” folded, and is printed in gold, red, black and peach on medium weight buff paper. Colors strong. Top coupons on sheet were reattached with period cellophane tape, it left little staining and does not detract. Fat margins make the bond suitable for framing. See scans. The terms page, terms detail, and the cancellation stamp translation are stock images, all other images are of the bond and coupons that you will receive. Of note, the tax stamp on the bond’s face is from pre WWI Imperial Germany. The post-war stamp in the upper right corner declares the bond to be subject to the terms of the Treaty of St. Germain, which ended WWI for Austria. Shipped FOLDED via USPS Ground Advantage, with tracking. YES! Will combine shipping - First lot ships at standard rate, all other lots in same order ship free (except where noted). Thanks for looking! Please see my other items for more Third Reich, Soviet and other historical curios. Q: What am I buying, and why would I want it? A: This bond was issued as part of a consolidation loan for the debt of the Austrian state following the Compromise of 1867, which created the Austro-Hungarian Monarchy (kaiserlich und königlich, abv. K.u.K or k.k.) between Austria and Hungary, out of the old Austrian Empire. The political agreement between the two leading states of the Empire arose following a revolution and a series of lost wars. The final shove came with the loss of the 1866 war with Prussia, which had been orchestrated by Otto von Bismarck in his quest to unify Germany under the House of Hohenzollern. It ended a millennia of Hapsburg influence in what had once been its seat of power in the core of the Holy Roman Empire. Austria’s decline had been slowly underway since the Napoleonic Era. The debts it accumulated, the inflation it endured, and the shear destruction wrought upon it from the wars it suffered had set the Empire back by half a century compared to the rest of Europe. Fiscally, it had only begun to drag itself out of its morass when the revolutions of 1848 broke out and plunged Hungary into chaos. A military dictatorship, installed on the points of Russian bayonets, would endure in the lands of the Hungarian kingdom until the Compromise was brokered. The Italian wars of 1859 and 1866 added the loss of Venice to the toll of misery and only hastened the reorganization of the atrophying empire. The issuance of the bond was not without drama. It had been floated because Vienna was faced with a crushing debt load and a ballooning budget deficit. An imperial reorg was not going to come cheap. To claw back some of that outgoing, the coupons carried a fixed 16% tax. That did not sit well with investors. The banks in London were particularly outraged over the tax, as it clipped the 5% yield to 4.2%. They also objected to the notion that foreign investors should be taxed to finance Austrian budget deficits. However, in the end, the bankers accommodated themselves to the matter and the Austro-Hungarian debt market in London would go on to treble in the 1870s. The gulden, or florint, had been the coin of the realm in Austria-Hungary. Based on silver, it was introduced in the 1754 currency convention of the Holy Roman Empire and remained in use in Austria-Hungary until the adoption of the Kroner and the gold standard in 1892. For general conversion purposes, in 1913: 1 Gulden = 2 K.u.K Krone (1 Kr. = US$0.4032) This particular bond came out of the famous “Reichsbankschatz” horde, as evidenced by the BADV cancellation stamp on its reverse (see example above). How it came to be there is open to speculation. You will hold history in your hands.

Price: 10.99 USD

Location: Camden, New Jersey

End Time: 2024-12-08T17:00:01.000Z

Shipping Cost: 5 USD