Spain. 1895

This splendid vintage promissory note is a "Segunda de Cambio" (commercial bill of exchange) issued in Jerez de la Frontera (Spain) on August 20, 1895.
The document boasts an extraordinary intaglio header from the renowned wine firm "Gutiérrez Hermanos", a historic sherry (Jerez) and brandy producer. The form features a detailed central engraving showing the interior of the majestic historic cellars rich with barrels (the traditional bodegas).
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# Description and analysis of the document

* Financial transaction: The bill orders payment of the substantial sum of 2,102.25 pesetas ("Por Ptas 2102.25"). The amount is payable to the order of the "Sres. J. Navallas y C.ª", a noted export trading company.
* International context: The title is addressed to Cucuta, Colombia (indicated at the bottom left: "A la Sra. Micaela C. de Olave, Cucuta - Rep. de Colombia"), highlighting the dense commercial routes for Andalusian wine to South America at the end of the 19th century.
* Marks and seals: On the right stands a beautiful blue oval ink stamp of the receiving company "J. Navallas y C.ª - Jerez de la Frontera", bearing internal registry number 251813. At the bottom left there is the elaborate brown ink autograph signature of the Gutiérrez brothers.
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# Important figures and industrial context

1. Gutiérrez Hermanos: Founded in the 19th century in Jerez, it was one of the most awarded and prominent wineries in Andalusia. The header proudly boasts medals won at major expositions of the era: the Veracruz Exposition of 1892 and the First Industrial Exposition of Querétaro in 1882 in Mexico, evidencing their strong link to the American market.
2. J. Navallas y C.ª: An important consortium of commercial intermediaries based in Jerez that managed transatlantic shipments of luxury spirits.
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# Valuation of the item
The late 19th-century financial documents linked to the history of wine, historic cellars, and liquor export are among the most sought after in scripophily and paper collectibles (ephemera). The condition is excellent; the paper retains its natural patina without extensive tears, though small signs of oxidation (rust) from old metal pins on the left side are noticeable.

* Estimated value of the document: It is assessed between €50 and €90.
* Premium elements: The exceptional engraving of the Jerez cellar, the Colombian destination of the route, and the integrity of the commercial stamps make this piece a splendid collectible testimony.
IA description help

Excellent historical value for Scripophily
They are preserved in PVC A4 envelopes.
Good preservation. See the image for a proper impression
Shipped with registered mail and tracking included, and protected packing.