Preliminary identification

Royal Prussian 4% Consolidated State Bond, 500 Mark (1882)

Photo reference

1 uploaded photo

Overview

This is an original 500 Mark state bond issued by the Kingdom of Prussia on April 6, 1882, featuring an intricate guilloché border and the Prussian royal coat of arms.

Story

Berlin was the epicenter of a rapidly modernizing Europe in 1882, and this document was a vital gear in that engine of progress. These bonds were issued to fund the massive infrastructure projects—railways, canals, and telegraph lines—that transformed Prussia…

Maker / Origin

The bond was issued by the Königliche Hauptverwaltung der Staatsschulden (Royal Main Administration of State Debts) in Berlin.

Condition & Value

The paper shows significant foxing (brown age spots) and some edge wear consistent with its 140-year age. There are visible fold lines and minor staining near the center; while these signs of age reduce the 'mint' collector value, they provide an authentic patina that many decorators find desirable.

Full Research

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps

Regional auction

· Jun 2024

Signed example with light edge wear and original frame.

$1,280

SOLD

Dealer archive

· Mar 2024

Comparable format with stronger provenance and cleaner surface.

$1,450

SOLD

Marketplace sale

· Jan 2024

Smaller related piece with visible craquelure and trimmed margins.

$980

SOLD

Estate platform

· Oct 2023

Period match with softer condition and weaker subject matter.

$1,150

SOLD

Auction result

· Aug 2023

Close market lane comp with similar material and presentation.

$1,375

SOLD