REF. NO. | DENOMINATION | DESCRIPTION | NO.ISSUED | CONDITION | VALUE |
---|---|---|---|---|---|
101 | share | 1720, black | #433 | VF | £4000-5000 |
Expedition of Captain John Clipperton
An expedition of two ships, the Success & Speedwell to the South Seas. Interestingly the share was issued sixteen months after the expedition had sailed, presumably one of the original shareholders wishing to spread his risks by selling on a rising market – South Sea Company stock was bubbling at 750 and would peak at 1050 six days later. At the end of May Speedwell had been wrecked and its captain and crew marooned for five months, but the dealers in London could not have known that when this share was traded.
1720