Boone Shares - The Scripophily Center

October 29, 2016
Brussels, Belgium

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Description: 18 June 1793 AREQUIPA. Share of 100 American Pesos. black. No 184. Folds, some staining and - more importantly - heavily damaged top border, also some paper loss (somewhat repaired) at top right corner. See picture. This is an important and truly rare share... Peru was the richest of Spain's Latin-American colonies, with its enormous mineral reserves, especially of silver. Mining in Peru reached a very high point around the date of formation of this company, with hundreds of working silver and gold-mines. The Arequipa company was formed in the capital, Lima, but Arequipa lies about 60 miles inland, at an altitude of some 2,400 metres, on the western slope of the Andes and at the foot of the dormant El Misti volcano; it was originally an Inca city, and became one of the great mining-cities of the Spanish empire. The company was primarily a silver producer, but probably produced gold as well. The piece is extremely decorative, and was engraved by the Lima engraver Joseph Vazquez. The upper part of the design includes a view of the Andes, with a mine. On the 3 medallions are the arms of the King of Spain and the city of Arequipa, together with a Christ, as the patron of the company. Among the signatories is Goyeneche, a relative of the famous Spanish general Goyeneche. We know of less than 5 pieces having survived, hence rarity 10. Certainly the oldest Latin-American stock-certificate known, it may be the oldest mining share from the whole American continent.
Condition Report: F
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