Credit Society of the City of Warsaw
5% mortgage bond, series 5 - 500 rubles
The Credit Society of the City of Warsaw granted loans in mortgage bonds, series V, from 1.04.1887 to 31.03.1892.
The mortgage bond which is the subject of this auction was issued on 19.09/1.10.1889.
Attached to the pledge letter is a fragment of the coupon sheet of the 2nd shift (from the printing house of B. Wierzbicki in Warsaw).
All TKM of Warsaw pledge letters in ruble currency are now considered very rare, but series V is one of the rarest - in this case the term "unique" is not an abuse. Virtually all of the issue was redeemed by 1914. The few pieces that were not redeemed were converted to 5% TKM Warsaw gold conversion letters issued on 5.12.1924. In addition, it should be added that the 500 ruble denomination of series V was printed in the amount of 7,000 pieces, of which 6,813 pieces were issued.
We recommend - an illustrated piece in M. Kurek's "Catalogue of Pledge Letters" on page 302 - the only piece of this denomination that the author of the catalog reached.