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Long Beach Signature Currency Sale 3558  7-8 Sep 2017
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Lot 29252

Estimate: 4000 USD
Price realized: 4000 USD
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Cyprus Central Bank of Cyprus £20 1.3.1991 Pick UNL. Composite Essay of Unissued £20 Featuring Makarios III. Born, Michael Christodoulou Mouskos, Makarios III is affectionately regarded as the father of modern Cyprus. He was born in the Cypriot village of Panayia in 1913, and was called into the service of the Orthodox Church at a young age. By 1942, he had graduated from the University of Athens after studying theology and law. He was appointed a priest of the Cypriot Orthodox Church, but continued his education at Boston University. He was elected Bishop of Kition while a student in Boston, at which time he adopted the clerical name Makarios. In 1950, we was elected Archbishop of Cyprus, a role that also made him a de facto national leader of the Greek Cypriot community. The roles were very important in Cypriot political circles, launching Makarios into his next role as leader of this influential nation. In the 1950s, Cypriots wanted self-rule, free of the British empire. Makarios was behind the calls for self-determination of Cyprus, and by 1960, the cause had succeeded. In the 1959 Presidential elections, Makarios carried two thirds of the vote. In his first term, he quickly moved towards a moderate political stance, a move to maintain good relations with both Turkey and Greece. His role as leader of Cyprus was marred by British and United States assumptions that he would favor communism, partly because of his policy favoring the Non-Alignment Movement. Makarios' role as a leader in Cyprus was cut short when he died in 1977 at the age of 63 from a heart attack. As was the case when he was in office, the island today is still working to settle differences between Greek and Turkish Cypriots. The Composite Essay offered here is a finely engraved proposal for a £20 note to be circulated in the 1990s. At right on the face is Makarios signing of the Treaty of Establishment, a scene repeated on stamps from the island nation. Both sides are mounted on card stock, though the paper is bright and wholesome, with no distractions. A strictly as-printed piece that would be regarded as Gem Uncirculated by collectors. Accompanying the essay are a group of first day covers, commemorative stamps, a signed photograph of Makarios with LOA, and a 1966 1 Sovereign Gold Medallic Issue, produced to benefit the Archbishop Makarios Fund, graded NGC Proof 66. A stunning opportunity for the most advanced of Cyprus collections. HID08701242017

Estimate: 4000-6000 USD
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