Italy. 1 x 2000 LIRE 1987

Description of the Lot (Scriptophilic Technical Data Sheet)
* Issuer: FIAT – Società per Azioni, with registered office in Turin.
* Object of the lot: Paper bearer registered share certificate for 2,000 Bearer Savings Shares, each with a nominal value of Lire 1,000 (Total nominal value of the security: Lire 2,000,000).
* Serial/Certificate Number: No. 2,130,740 (the same identifier is shown by a barcode and punching on each individual coupon).
* Issue Date: February 24, 1987 (24/02/87).
* Company Details Collected: Incorporation dated March 1, 1906 (notarized deed Torretta), registered with the Registry of the Civil and Criminal Court of Turin under no. 65/906. Paid-in share capital indicated: Lire 2,250 billion (divided into 2,250,000,000 total ordinary, preferred, and savings shares).
* Graphics and Security: Blue and gray honeycomb optical security background (Officine Carte Valori Turati Lombardi e C. - Milan) printed. Mechanically punched numeric windows with the amount of shares (**2,000**).
* Signatures: Fac-simile 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 design.
* The back of the certificate is blank, prepared with numbered boxes from 1 to 10 for any endorsements or bank guarantee stamps.
* Condition: Excellent (VF/XF). The paper shows no central tears, abrasions, or age-related staining. Side archival holes typical of canceled or fiduciary-registered securities are present, as well as the original folding creases for placement in a safe 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 golden decade of FIAT under the charismatic leadership of Mr. Giovanni Agnelli and CEO Cesare Romiti. During that period FIAT was the leading European car manufacturer and one of the most influential multinationals in the West, thanks to mass-market 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 at shareholders' meetings but offered strong patrimonial privileges (guaranteed minimum dividends higher than ordinary shares). This certificate reflects FIAT's massive retail equity campaign in the 1980s to fund itself directly on the retail market without ceding voting control to the Agnelli family.
* The Era of Capitalism in the “Billions of Lire”: The registered capital printed on the title (2,250 billion Lire) documents the colossal scale reached by the Turin group before the Euro.
* Technological and Financial Transition: The presence of barcodes on the individual coupons marks a crucial transitional phase: the shift from old purely paper-based finance (where the share had to be physically brought to the bank to collect the dividend) to the early automatic computerized tracking systems, which would eventually lead to the complete dematerialization in 1998.
In short, the piece has high documentary and testimonial value of the Italian economy of the 20th century, irreversibly linked to the iconography of the Agnelli family and Italy’s most important automobile factory.

Excellent Scripophilic Historical Value
Stored in A4 PVC envelopes.
Good conservation. See the image for an accurate impression
Shipped with Registered Mail with tracking and protective packaging.