Paper money from 1720
310495 DOCUMENTS & DECREES John Law (1671-1729). 10 livres Tournois of the Banque Royale under its director John Law, dated January 1, 1720, No. (handwritten) 1922739, and marked with the fleur-de-lis shield of the royal crown as a blind stamp. Ink and type. 80x143 mm. 1720.
Speculation on the shares issued by the bank and backed by paper money led to inflation and then to a return to the coin standard. John Law fled to Venice, where he died in 1729.
Some crease, faint soiling.
$ 135.84
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