Real Compania de San Fernando de Sevilla

Description
ca. 1748-1753, Share of 250 Pesos
Business
Colonial
Assignment
Europe
Country
Spain
Rarity Code
6
Last Price
€ 4,000.00

History

The second largest commercial company was established in 1747 and was supposed to control the trade with South America. Spain mostly received valuable precious metals from there. They were supposed to fill the nation’s treasury. The company owned the right to trade with the colonies, only Caracas and Havana were exempt. In 1779, corruption and dubious trade practices were discovered which led to the demise and finally to the dissolution of the company in the 1870s.