£28 - £32
** Spain: Industrias del Cuero Armado S.A., 500 peseta share, Barcelona 1904, #01144 (2161 issued), large and attractive piece, blue, no coupons remain. Leather manufacturers founded in barcelona in 1904. Last issue of shares made in 1952 when capital had increased to 4,000,000 pesetas. EF.
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