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Rare registered bond certificate issued in 1900 by the Società Italiana per le Strade Ferrate Secondarie della Sardegna(Italian Company for the Secondary Railways of Sardinia), a joint-stock company based in Turin, founded in 1862 to promote the development of the island’s secondary railway network and connect rural areas with the main railway lines.
This document represents a registered certificate for bonds of 500 Lire each, guaranteed by the Italian State and duly secured at the Cassa Depositi e Prestiti (State Deposits and Loans Fund). The bonds carried an annual interest of 4%, payable in two semiannual instalments on January 1st and July 1st, supporting the financing of Sardinia’s secondary railway infrastructure.
Aesthetically sober and elegant, the certificate features a decorative 19th-century style border with the coat of arms of the Kingdom of Italy and heraldic symbols related to railway infrastructure and Sardinian territories. The document, without coupons, was designed for recording the bondholder’s details and registration information.
Document features:
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Issuance: 1900
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Type: registered bond certificate
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Nominal value: 500 Lire per bond
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Interest: 4% annual
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Size: approx. 43 x 28 cm
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Condition: excellent
Rarity and collector’s interest:
This certificate is highly sought after by scripophily collectors and historians of Italian financial history, as it represents a rare example of a registered bond, linked to official records and administrative formalities of the period.
Historical note:
The Società Italiana per le Strade Ferrate Secondarie della Sardegna played a strategic role in the economic and infrastructural modernization of Sardinia, contributing to the development of connections and the growth of local trade.
