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Romanian Token Of 50 Bani Dated 1890. Looking For More Information

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oriole's Avatar
Canada
5246 Posts
 Posted 06/04/2018  09:32 am Show Profile   Bookmark this topic Add oriole to your friends list Get a Link to this Message Number of Subscribers

Romanian-Token-Of-50-Bani-Dated-1890.-Looking-For-More-Information
Romanian-Token-Of-50-Bani-Dated-1890.-Looking-For-More-Information

This weighs 4.6 grams and has a diameter of about 24 millimeters.

The inscription says:
N. Cutarida Inginer
Intreprinderea palatului de justitie

I did find our that Nicolae Cutarida (1854-1929) was the engineer/ archtect on the Romanian Palace of Justice during the period 1890-1895.

What I do not know is the purpose of the token. How was it used? How would have a Romanian gained 50 Bani of value for this toekn>
Valued Member
United States
71 Posts
 Posted 06/05/2018  2:03 pm  Show Profile   Bookmark this reply Add Koinz to your friends list Get a Link to this Reply
I found a couple of websites talking about this piece and the man it describes. I can't find a Numista listing or anything else that explains it's direct origin, but considering that it mentions that palace he worked at on the coin, and after seeing different listings for sale that say 'jeton' rather than 'token,' I think it may be something that people who worked in his circle or were involved with his brick factory had, as the definition I found for 'jeton' said that jetons were mainly for members of a group to pay dues with, which explains the monetary value of 50 bani on the coin itself.
http://romaniancoins.org/romanianto...utarida.html
https://arhivadearhitectura.ro/arhi...ae-cutarida/
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oriole's Avatar
Canada
5246 Posts
 Posted 06/05/2018  4:08 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
That is as plausible an explanation as any that I could come up with.
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Russian Federation
5174 Posts
 Posted 06/05/2018  4:55 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Completely off-the-wall wild guess: I'm reminded of this Peruvian piece from 1935.

I wonder whether it would make sense for the Romanian token to have a similar history - i.e. as part of raising funds for the construction of the building?
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oriole's Avatar
Canada
5246 Posts
 Posted 06/06/2018  9:56 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
@january, that is an interesting idea, but if that was so, I wonder if the item should say something about the fund raising, and why mention the name of the engineer? But who knows? maybe the well known engineer was a selling point. There was another denomination of 1 Leu, that said the same thing.
Edited by oriole
06/06/2018 10:05 pm
New Member
Romania
2 Posts
 Posted 06/07/2018  4:27 pm  Show Profile   Bookmark this reply Add Razz to your friends list Get a Link to this Reply
Hello, I am Romanian and I write for a living. I write fast, I write a lot, so please bear with me.

First, the name on the token is that of N Cutarida (pronunciation: Koo-tzah-ree-dah - probably a Romanisation of Greek name Gkoutsaridis). Cutarida was a well known architect and civil engineer of the late 1800s and early 1900s in Romania. He also owned a brick factory on the northern outskirts of Bucharest. He was an associate of achitect Ion Mincu - regarded by most in Romania as the greatest Romanian architect and author of many important buildings in Romanian capital city Bucharest. Among the buildings which had both of these guys on board was the Justice Palace of Bucharest. A French architect drew the master plan, Ion Mincu was put in charge of sorting out details, and N. Cutarida was also employed, not as an architect, but as a civil engineer, to oversee the works.
Now, the legend on the token says Intreprinderea Palatului de Justitie. In the 20th century Romania, large scale production facilities were named Fabrica (Factory), while large scale services were called Intrepriderea (approx translation -Enterprise-). Coming back to the legend on the coin - Intreprinderea Palatului de Justitie - a direct translation would be -The services facility of the Justice Palace- which would be quite odd, given that said building serves very limited purposes, like holding trials and storing jurisprudence archives. So it has to be an older meaning to the word -Intreprinderea-.
I looked around on the Internet and found a photo of a poster/leaflet for Cutarida's business, also reproduced on the page in the second link provided by the first person who responded here. This reads: Intreprinderi de lucrari publice, private, industriale de orice natura - correctly translated as Contracting of public, private, or industrial building projects of any nature.

Romanian-Token-Of-50-Bani-Dated-1890.-Looking-For-More-Information

So, the best translation for the lengend on the coin would be: The Justice Palace Contract, or The Justice Palace Project.

Given this info, I came up to these conclusions: The token is related to the works for the Justice Pallace in Bucharest. In all likelyhood, this was some sort of way to raise money for the project. Either by using the token as a private-issued public bond :) that could be exchanged for real money, or as a small gift for people who voluntarily donated money for the project.

The fact that Cutarida's name is featured on the obverse is significant. The State had comissioned the building, and the architects had drawn the plans. But Cutarida was in charge of the works. Like the poster-leaflet suggests, this was done under his own name, not through a firm, because, as a civil engineer, he had the same status as that of a modern-day attorney.

Later tonight when the kids will be asleep, I will look around for the history of the Justice Palace, to see if I can find out how the project was financed. If I find something useful, I will post it here.

One more interesting thing - the reverse bears the name of Theodor Radivon, official jeweler for the Romanian Royal House and owner of a popular pre-war and inter-war era jewellery and watches shop in Bucharest.

Edit - Forum doesn't like Romanian letters :) I had to change them
Edited by Razz
06/07/2018 4:30 pm
New Member
Romania
2 Posts
 Posted 06/07/2018  7:15 pm  Show Profile   Bookmark this reply Add Razz to your friends list Get a Link to this Reply
Did some looking around and found out some stuff. From a numismatic forum in Romania I found out it;s listed as #244 in "Schaeffer's Token Catalog". Haven;t searched for that catalog.
And I also found that the building costs for the Justice Pallace were 150% over budget. Estimated cost was 3 million lei, ended up costing 7,5 million. Provisions for first year voted by Parliament were 300,000 lei, with a further 600,000 budgeted for the next year. Building took 5 years to complete, and 600,000 lei per year would have covered initial estimate, but would have fallen short of covering actual expenses. Furthermore, the inial sum budgeted for the year 1890 (300,000 Lei) was very small - hence the likely need to cover up cash shortage.
It seems likely the initial underestimating of costs caused some cashflow problems. This being a public undertaking, all amounts had to budgeted and with provisions exceeded all further expenses would be written down as debt and taken care in next year's budget.
Cutarida might have solved this block by issuing tokens, either to gather capital to make up for the lack of public funds, or (more likely) to pay his suppliers.
This was a major infrastructure project, carried out under the patronage of the king. So people receiving these tokens were certain they would be reimbused at face value, come next year's budget at the latest.
Cutarida probably used this tokens as a form of IOU's to suppliers or to other people - to be exchanged for face value come next budget payment.
Denominations I found on sale on the Internet are 1 Leu, 50 Bani and 5 Bani, with Bani being the subdivision of Leu. The 5 bani denomination would have allowed for more exact payments, which fits the profile for a payment carried out to a supplier.
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oriole's Avatar
Canada
5246 Posts
 Posted 06/07/2018  7:21 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
@Razz, thank you so much for your information. So @january may have been on the right track. Cutarida's name may have given the project more status in raising money.

If you can find anything more, that would be very much appreciated-it would mean another little mystery solved.
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oriole's Avatar
Canada
5246 Posts
 Posted 06/07/2018  8:36 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
@Razz, your research is excellent. So much to learn from a small token!
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Dorado's Avatar
Canada
24885 Posts
 Posted 06/08/2018  03:11 am  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
@ Razz
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