These impressive bonds for 100 kronen were issued in 1923 to raise funds for the Lloyd Bank. Complete with uncashed coupons, the design is very striking with an ornate border featuring cherubs with cornucopia of coins and fruit. They are blind embossed and measure approx 12 x 15. Kept folded over the years, the edges are a little ragged but this is one bond that would really look spectacular framed.
Overend Gurney was a London wholesale discount bank, known as The Banker’s Bank operating in the 19th century. Well respected, for a long time it was
considered the greatest discounting house in the world. In 1865 it issued shares that sold at a premium. This success was shortlived because there was a rapid
collapse in the prices of stocks and shares. Overend Gurney appealed to the Bank of England for help but was refused. The bank suspended payments and a run on
the bank followed. When Northern Rock collapsed in more recent times, commentators compared the queues outside the bank branches to the queues outside Overend Gurney Offices in 1866. The bank went into liquidation and more than 200 companies also failed as a result.
These £50 shares are dated 1865 and measure 8.25 Inches x 5.5 inches with an impressed seal and signed by the Secretary. £24.50 each.