(1720) Silver Medal Betts-115var, Credit is Dead
Strike Type
Coin Details
Auction Record
- Price realized
- $2,280
- Sold
- Grade
- AU53
- Auction house
- Stack's Bowers
Description
This silver medal, Betts-115 variant, commemorates the Mississippi Bubble collapse with the satirical theme "Credit is Dead" around 1720. The Mississippi Bubble was one of the earliest and most spectacular financial crises in modern history, ruining investors across Europe and devastating the French economy. Satirical medals mocking John Law and the speculation mania were produced in large numbers, particularly in the Netherlands, where the financial disaster was viewed with a mixture of schadenfreude and concern. This medal's "Credit is Dead" inscription captures the bitter aftermath of the bubble's collapse, when fortunes built on paper speculation evaporated overnight and public trust in financial innovation was shattered for a generation.
Cross References
Betts-115var
External References
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