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Historical Article on "Gouvernement Impérial de Russie - Emprunt Russe 4% Or, Troisième Émission 1890"
History of the Issuing Company
The presented document is a bond issued by the Imperial Russian Government in 1890, part of the "Emprunt Russe 4% Or, Troisième Émission". This loan, like the previous emissions, was designed to finance the vast infrastructure and modernization projects of the Russian Empire, particularly the development of railways, crucial for transportation and economic expansion. Alexander III, then Tsar of Russia, was determined to consolidate the economic and military power of the Empire through strategic investments in critical infrastructure.
This third issue of bonds was guaranteed in gold and offered a 4% interest rate, an attractive offer for international investors, who could purchase these bonds in various currencies, including francs, marks, and sterling. The success of these issues testifies to the high confidence in the Russian government at the time.
Detailed Historical Context
The year 1890 represents a period of significant economic and political changes in Russia and the rest of Europe. During the reign of Alexander III, Russia was engaged in a modernization program aimed at strengthening its position as a world power. The most ambitious project of this period was undoubtedly the construction of the Trans-Siberian Railway, intended to connect the vast regions of the empire from Europe to the Far East.
The European economic context at the time was characterized by relative stability, encouraging foreign investors to participate in these Russian loans, seen as safe and profitable. The issuance of bonds in gold also helped protect investors from currency fluctuations, further enhancing the appeal of these bonds.
Technical and Artistic Details of the Document
| Characteristic | Detail |
|---|---|
| Year of Issue | 1890 |
| Nominal Value | 125 Gold Rubles |
| Interest Rate | 4% |
| Document Language | Russian, French, English, German |
| Decorations | Coat of Arms of the Russian Empire, Artistic Borders |
| Typography | Typical 19th-century fonts, Imperial symbols |
| Payment Locations | St. Petersburg, Paris, London, Berlin |
| Payment Agents | High-profile banks, including the Rothschild houses |
| Involved Currencies | Gold Rubles, Francs, Marks, Sterling |
| Interest Certificates | Attached coupons for interest collection |
Provenance of the Title
This bond has significant historical provenance, likely held by high-profile institutional investors or wealthy individuals of the time. The variety of currencies in which it was available and the gold guarantee made it particularly attractive to an international audience.
Valuation and Rarity
The described bond is considered rare and highly sought after by scripophily collectors, especially if in optimal condition and with all interest coupons still attached. Recent sales of similar documents indicate growing demand, which could translate into an increase in market value.
For Scripophily Collectors
Collecting historical bonds like this not only offers a direct link to global economic and financial history but also the opportunity to own a tangible piece of the past. These documents, in addition to representing historical value, are also appreciated for their artistic beauty and rich typographical details. They can be displayed in elegant frames, preserved in albums, or used as unique and meaningful gifts.
All historical documents for sale are considered collectibles. The documents have no economic or financial value (no economic or financial value), images that are not the historical document are representative of the object of the company and the historical period in question and are not provided, but can be freely downloaded from the website and printed.
