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Upper Trading Levels on Red Square in Moscow (GUM Department Store)

Общество Верхнихъ Торговыхъ Рядовъ на Красной Площади вь Москьа
Other city spellings: Moscou, Moskau

Formed in 1890 in Moscow (see History tab). Capital was in shares of 100 roubles and was increased in 1910.

1890

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REF. NO. DENOMINATION DESCRIPTION NO. ISSUED CONDITION VALUE
101 1 founders share 1890, brown ?
#07180		 VF €1755 Boone Oct 2021
101 1 share 1911, brown ?
#01693,#6999		 EF £1500
102 10 shares 1911, red ?
#41346-55, #48126-35		 EF, VF £2000

Description

Red Square has been a centre for trade in Russia since the 15th century. Until the early 19th century it was a very informal market area, based on a labyrinth of narrow passages. Tsar Alexander I decided that it must be rebuilt as a formally organised market, similar to Roman markets; it had upper trading levels, separate from the market at street level. In 1890, it was decided to enlarge and rebuild the market, and the enormous construction works were completed in 1893. The building was taken over after the Revolution, the traders expelled, and reopened in 1921 as a government building. Only in 1953 did the building return to its original purpose. The Soviet Government decided to rebuild the lower levels, which  together with the upper levels, became the famous department store GUM. A company was formed in 1890 to manage the department store and issued shares. The shares are extremely decorative, showing the magnificent 1893 facade of the building, right across the share, and also two of the Kremlin towers. At he bottom is the memorial to the heroes Minin and Posharski, in Red Square. (Boone auction October 2021)

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