Italy. 1 x 2000 LIRE 1987

Description of the Lot (Scripophilic Technical Sheet)
* Issuer: FIAT – Società per Azioni, headquartered in Turin.
* Object of the lot: multiple paper stock certificate for 2,000 Bearer Savings Shares, with a nominal value of 1,000 Lire each (Total nominal value of the title: 2,000,000 Lire).
* Serial/Certificate Number: No. 2130740 (the same identifier is shown via barcode and stamping on each individual coupon).
* Issue Date: February 24, 1987 (24/02/87).
* Company Data Reported: Incorporation on March 1, 1906 (notarized deed in Torretta), registered with the Registry of the Civil and Criminal Court of Turin no. 65/906. Paid-in share capital indicated: Lire 2,250 billion (divided into 2,250,000,000 total shares among ordinary, preferred, and savings).
* Graphics and Security: Blue and gray honeycomb-pattern optical security background (printed by Officine Carte Valori Turati Lombardi e C. - Milan). Numerically punched windows with the amount of the shares (**2.000**).
* Signatures: Facsimile signature of the Chairman of the Board of Directors, Giovanni Agnelli (Gianni Agnelli).
* Related Elements (Coupons and Back):
* The lot includes the original semiannual/annual coupon sheet (numbers 12 to 20) bearing the same coordinated graphics.
* The back of the certificate is blank, prepared with numbered boxes from 1 to 10 for applying any endorsements or bank guarantee stamps.
* Condition: Excellent (VF/XF). The paper shows no central tears, abrasions or era-damaging stains. Side archival holes (typical of cancelled or trustee-registered titles) are present and the original folding creases for insertion into a safety deposit box.

Historical Value and Economic Context
This certificate is not just an old financial document, but a fragment of the industrial history of Italian capitalism in the late 1980s:
* FIAT Boom and Gianni Agnelli’s leadership: 1987 (the issue year) sits in the heart of FIAT’s golden decade under the charismatic leadership of lawyer Giovanni Agnelli and CEO Cesare Romiti. At that time, FIAT was the leading European automobile manufacturer and one of the most influential multinationals in the West, thanks to the mass-market success of models like the Fiat Uno (launched in 1983) and the subsequent Tipo (1988).
* The Importance of Savings Shares: Introduced in Italy with the 1974 corporate law reform (Visentini Law), savings shares were intended for small savers. They did not grant voting rights in shareholdings, but guaranteed strong patrimonial privileges (minimum guaranteed dividends higher than ordinary shares). This title reflects FIAT’s massive pop-shareholding campaign in the 1980s to raise funds directly on the retail market without surrendering voting control to the Agnelli family.
* The Era of Capitalism in “Billions of Lire”: The share capital printed on the title (2,250 billion Lire) documents the colossal proportions reached by the Turin group before the Euro.
* Technological and Financial Transition: The presence of barcodes on the individual coupons testifies to a crucial transition phase: the move from old purely paper-based finance (where the share had to be physically taken to the bank to collect the dividend) to the early automatic computer-based tracking systems, which would later lead to digital dematerialization in 1998.
In short, the piece has high documentary value and testifies to the Italian economy of the 20th century, inextricably linked to the iconography of the Agnelli family and Italy’s most important car factory.

Excellent historical value of Scripophily
Stored in A4 PVC envelopes.
Good preservation. Please view the image for an accurate impression
Shipped by Registered Mail with tracking included and protected packaging.