Mike Veissid was introduced to Bonds and Shares whilst working in the coin department of Sotheby’s in 1973. His interest in this specialist and little known subject soon overtook his love of coins and M. Veissid & Co. was formed in 1976. A shop was soon opened in London’s New Bond Street Antique Centre, later moving to Grand Buildings in Trafalgar Square. Mike is a founder member of the Bond & Share Society.
Mike has organised many auctions over the years, many in conjunction with specialist fairs and many just postal before the arrival of the internet!
After some 15 years of organising Scripophily auctions at Spink in London, the auctions from January 2024 have returned to the family business, based in Shropshire since 1985.
Mike has also started to develop his online reference catalogue along with several regular contributors on the large website www.scripoworld.com. Its a work in progress attempting to catalogue everything! Mike says ‘If you don’t see what you are looking for on the website, let me know and adding it will be made a priority’.
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China: 1911, Hukuang Railways 5% Gold Loan, bond for £100, issued by HSBC, #82073, large format, steam train at top, red and black, printed by Waterlow, with coupons. Small split at fold, creased left edge, AVF.
about Lot 95
Malaya: Straits Fire Insurance Company Ltd., $100 shares, 18[93], #1883, dragon in centre, blue, printed by Waterlow & Sons, text in English with some Chinese, Arabic and Tamil. The company was registered in 1886 along with a sister Marine Insurance company under the Indian Companies Act with Head Office in Singapore and with Straits dollars as capital. VF and rare. Three examples known.
about Lot 136
Estonia: Republic of Estonia (Banking and Currency Reform), 7% Loan, 1927, bond for £1000, #C059, of only 100 issued, large format piece with city view at top, ornate border, mauve and black, with coupons. EF and rare.
about Lot 261
** France: Compagnie des Indes, one share of 2500 livres, 6th June 1770, #20688, paying interest at 5%, complete with all 12 coupons, 2 per year from 1770 until 1775, secured on tobacco tax. Black printing on heavy paper. The company had its origins in the 17th century and the Compagnie des Indes Orientales. The company along with others was acquired by John Law's Banque Royale and the result was the formation of the Compagnie Perpétuelle des Indes. John Laws financial operations are well known and they led to one of the most famous 'bubbles' of the 18th century. When the bubble burst in 1720 this company was formed. An edict was issued in 1769 requiring the company to transfer all of its assets to the State with the King agreeing to pay all debts of about 30 million livres. Final liquidation took place in 1790 with shareholders receiving about 15% of their investment. GVF and extremely rare.
about Lot 239
Ottoman Empire: Imperial Ottoman Bank, 1 share to bearer of £20 or 500 francs, Constantinople 1875, #010505, Toughra at top, attractive architectural design with text in English, Arabic and French, black with blue underprint, with coupons. About VF and scarce early piece.
about Lot 154
Great Britain: Blaydon, Gateshead and Hebburn Railway Company, [5] shares, 183[5], #128, superb vignette of steam train pulling coal wagons to dockside, chain at left, black printing on vellum, paper seal. Incorporated on 22nd May 1834
about Lot 306
Great Britain: Ritz Hotels Development Company Limited, deferred shares, 189[8], #25, brown, printed by Waterlow & Sons. Numerous amendments to the capital structure. Formed to expand the Ritz group by incorporating the Carlton Hotel in London with Caesar Ritz as the General manager. VF and rare. See previous lot.
about Lot 395