1888 French Panama Canal Bond – Compagnie Universelle du Canal Interocéanique de Panama

A rare and historically significant French bearer bond issued during the infamous Panama Canal scandal of the late 19th century.

Document Details

• Issuer: Compagnie Universelle du Canal Interocéanique de Panama

• Title: Titre provisoire au porteur négociable

• Issue Date: 26 June 1888

• Bond Number: 1,210,537

• Nominal Value: 400 Francs

• Loan Issue: 720 Million Francs

• Issued in: Paris

This bond originates from the period leading up to the financial collapse of the French Panama Canal project (1888–1889).

Historical Context

The Compagnie Universelle du Canal Interocéanique de Panama was founded under the leadership of Ferdinand de Lesseps, famed for the successful construction of the Suez Canal.

However, the Panama Canal project became one of the largest financial scandals of the 19th century in France. Massive cost overruns, corruption, and financial mismanagement led to bankruptcy and widespread investor losses.

As a result, original bonds from this period are highly collectible among:

• Scripophily collectors (historic stocks & bonds)

• Financial history collectors

• Panama Canal memorabilia collectors

• Decorative historical document collectors

Printing & Features

• Printed on thin security paper

• Original stamps and signatures

• Coupon stubs attached at bottom

• Official printed seals

• Framed in a modern frame

The document appears authentic and original, with period printing techniques and original financial features intact.

 

Condition

Overall condition: Fair to moderate

• Strong paper discoloration

• Edge tears and wear

• Visible fold lines

• Stains and moisture marks

• General age-related deterioration

Condition has a clear impact on value but does not diminish its strong historical significance.

About House of History

At House of History, we are passionate about discovering and curating vintage and unique items for history lovers like you. We believe that a tangible piece of history brings the past to life—and that is where our passion lies. Our dedication to this pursuit is reflected in our annual visits to numerous markets, vintage shops, and auctions, both nationally and internationally, in search of that one special piece. Whether you are looking to expand your collection or add an extra touch of character to your interior, we strive to find the perfect item for you.

Our selection is based on careful curation, love, and craftsmanship. Do you have a specific question? Let us know—we are happy to help. Please feel free to contact us with any questions, comments, or concerns. We are always here for you.

Pricing and Shipping

At House of History, our prices always include shipping costs. We recommend keeping this in mind when comparing prices. In addition, all orders are shipped with track & trace for your peace of mind. Orders are dispatched within 1–2 business days. We use only reputable shipping companies and provide tracking for all shipments. Items valued over €200.00 are always shipped insured. Our products are professionally and carefully packed, and we have extensive experience with international shipping.

Notes

House of History specializes in vintage items, which means our products may show signs of use. We recommend carefully reviewing the accompanying photos and videos before making a purchase. If you have questions about a product or would like additional photos, videos, or descriptions, please do not hesitate to contact us—we are always happy to assist.

At House of History, we prefer to preserve the original condition of our products. Some customers prefer a polished or restored appearance, while others appreciate a time-worn look (patina). For this reason, most of our items are offered unpolished and unrestored.