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Stephen Album Rare Coins
Auction 23  10-12 September 2015
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Lot 2338

Starting price: 350 USD
Price realized: 400 USD
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FRANCE: Louis XV, 1715-1774, AR 1/6 ecu, Paris mint, 1720-A, KM-453, Duplessy-1663; Gadoury-296, John Law coinage, livre de la Compagnie des Indes, fox below bust, lustrous About Unc. The inflation of paper money issued by John Law's Banque Générale (later the Banque Royale) led to speculation with shares of the Compagnie des Indes. The boom of 1718-1720 - also known as the Mississippi Bubble - turned into a crash at the end of 1720, which obliterated the bank and wealth of many speculators.

Estimate: 425- 525 USD
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