Lot 610

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Description:

610. ERNESTO "CHE" GUEVARA (1928 - 1967) Argentine Marxist revolutionary and guerrilla leader, allied with Fidel and Raul Castro in their successful revolutionary activities, headed Cuba's finances, led revolutionary activities in the Congo and in Bolivia where he was captured and executed. Exceedingly rare D.S. "Che" as President of the National Bank of Cuba, 1p. folio, Havana, Jan. 22, 1960, a 300,000 peso Provisional Certificate registering the terms and conditions of the "Issuance of 'Bonds of the National Institute of Savings and Housing, 1959-1979'". These bonds promised to pay an interest rate of 4 1/2% per annum until 1979, and were undoubtedly used to help finance Castro's new Socialistic housing plans for the Cuban population. With Che at the national bank's helm, the country's economy was nearly ruined in his zeal to rapidly turn the economy into a Marxist showpiece. An exceptionally rare document, in very fine condition. $2,000 - 3,000

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April 30, 2008 11:00 AM EDT
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