101689 | SWEDEN. Knut Agathon Wallenberg/Banking silver Medal.

101689  |  SWEDEN. Knut Agathon Wallenberg silver Medal. Issued 1911. Commemorating his 25th anniversary as CEO of Stockholms Enskilda Bank (63mm, 127.00 g, 12h). By E. Lindberg.

 

K • A • WALLENBERG, bust right in frock coat / STOCKHOLMS / ENSKILDA BANKS / TACKSAMHETSGÄRD FÖR / INSIGTSFULL LEDNING, female personification of the banking industry seated facing on triple throne, holding victoriola and money chest; to left and right, respectively, seated male personifications of Commerce, holding scroll and caduceus, and Industry, holding hammer; two cornucopias full of fruits behind. Edge: Plain.

 

Ehrensvärd 102. Choice About Uncirculated. Lightly toned on the obverse, with some minor rub and a few scuffs on the reverse.

 

Part of the extremely wealthy and prominent Wallenburg family, responsible for numerous bankers, industrialists, and diplomats, Knut Agathon succeeded his father, André Oscar, as the head of Stockholms Enskilda Bank in 1886 upon the death of the latter. By the time of the bank's merger in 1972 with Skandinaviska Banken (to become Skandinaviska Enskilda Banken AB), the Wallenberg's family businesses employed some 40% of Sweden's industrial workforce and also represented an astounding 40% of the total worth of the Stockholm stock market.

 

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