Italy. 2 1984

Description of the Lot (Scripophilic Technical Sheet)
* Issuer: FIAT – Società per Azioni, with registered office in Turin.
* Object of the lot: Multi-name paper share certificate for 2 Ordinary Shares, with a nominal value of Lire 500 each (at the time of original issue).
* Registered holder: The title is registered to Parlato Giuseppe, born in Naples on 29/08/08, residing in Naples at Via De Gasperi 55.
* Serial/Certificate Number: No. 258007 (also reported via barcode and punch markings on the coupons).
* Issue Date: 29 October 1984 (29/10/84).
* Company Data and Capital: Incorporation on 1 March 1906 (notarial deed Torretta), registered with the Chancery of the Civil and Criminal Court of Turin no. 65/906. Paid-in share capital shown in the center: Lire 337.5 billion (divided into 450 million ordinary shares and 225 million preferred shares, each with a nominal value of Lire 500).
* Capital Updates (Stamp/Page Footer): The certificate carries the official extension at the bottom documenting the capital increase resolved by the shareholders’ meeting on 3/7/1984: "Capital increased to Lire 2025 billion; 1350 million ordinary shares and 675 million preferred shares with a nominal value of L. 1000".
* Graphics and Security: Geometric honeycomb-blue-green-gray background (printing by Officine Carte Valori Turati Lombardi e C. - Milan). Numeral windows mechanically punched with the amount of the shares (**2**).
* Signatures: Facsimile signature of the Chairman of the Board of Directors, Giovanni Agnelli.
* Related Elements (Coupons and Back):
* The lot includes the original coupons sheet (numbers 8 through 20) coordinated. All coupons and the central body show clear black circular cancellation holes (a sign that the title has been formally changed, registered, or dematerialized in the past by the banking institution, losing its original financial value).
* The back of the certificate is blank, prepared with the numbered boxes from 1 to 10 for the coupons, without additional annotations.
* Condition: Very good / Excellent (VF/XF). Well-preserved paper, with no tears or fissures, regular archival folds and clean perforation holes.

Historical Value and Economic Context
Compared to the 1987 savings certificate seen earlier, this 1984 title possesses several very interesting historic and financial peculiarities for collectors:
* The Nature of Ordinary Shares: Unlike savings shares, Ordinary Shares represented the true essence of company ownership. This title gave Mr. Parlato full voting rights at FIAT’s historic shareholder meetings in Turin. It shows how FIAT’s widespread ownership included not only large financial institutions but also small private savers from Central-Southern Italy investing small stakes (in this case, a certificate of only two shares).
* The Large Consolidation and Capital Increase of 1984: This document perfectly captures a turning point in FIAT’s finance. The printed addendum on the lower margin testifies to the stock split and nominal value doubling (shares going from 500 to 1,000 Lire each) approved in the summer of 1984. This aimed to realign the group’s share capital structure, which jumped from 337.5 billion to the monstrous 2,025 billion Lire, preparing FIAT for the massive industrial investments of the late 1980s.
* The Value of Cancellation Holes: In scripophily, the presence of geometric holes (accounting perforations) is the physical proof of the title’s history: it tells the moment when the saver handed over the paper piece to the bank to participate in subsequent electronic conversions or to liquidate it. While cancellation nullifies any financial recourse, it guarantees the collector the complete legitimacy and the historical traceability of the piece.
* The Image of Gianni Agnelli: Also here, the signature of Lawyer Gianni Agnelli on the front acts as a visual focal point of the document, linking the object to the period when the leadership of the automotive royal family was at the peak of national political and economic influence.

Current Collectors’ Market Value
In the scripophily market, the nominal and perforated FIAT titles from the 1980s have a slightly higher distribution than pristine bearer issues, but the note of capital increase to 2,025 billion adds an excellent documentary detail.

Excellent historical value of Scripophily
They are stored in A4 PVC envelopes.
Good conservation. See the image for a proper impression.
Shipped by Registered Mail with tracking included and Protective Packaging.