Heritage World Coin Auctions
September Signature Currency Sale 4025 18 Sep 2020
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East Africa East African Currency Board 5 Florins 1.5.1920 Pick 9 PMG Choice Very Fine 35. The East African Currency Board was formed after World War II in order to service British Colonies in the region. German East Africa became Tanganyika after Germany surrendered its territories at the Treaty of Versailles. Tanganyika joined Kenya and Uganda in the currency union. As time passed, Zanzibar, British Somaliland, and Aden adopted the currency as well. With the inception of the Currency Board, East Africa chose the Florin as the unit of currency. However, less than two years later, the Florin was scrapped in favor of the Shilling, which is still used today in all former East African colonies except Aden. This superb and very rare 5 Florins is fully issued and in pleasing collector grade. Less than 400,000 notes were issued, and almost all were redeemed beginning in late 1921 or early 1922. At the time of cataloging, this note is the single finest of only two graded in the PMG Population Report. This is also only the second instance of an issued 5 Florins being offered in public auction. Minor restorations are mentioned, which do not detract from the overall appearance. The design of this note is iconic, and Thomas de la Rue is often lauded for the precision engravings used in this 1920 series. The first we have offered, this note is missing from even the most advanced collections. A true "want list" rarity for enthusiasts of African, British Commonwealth, and King George V banknotes. https://currency.ha.com/itm/world-currency/east-africa-east-african-currency-board-5-florins-151920-pick-9-pmg-choice-very-fine-35/a/4025-28216.s?type=CoinArchivesCurrency4025 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 8000-12000 USD
East Africa East African Currency Board 5 Florins 1.5.1920 Pick 9 PMG Choice Very Fine 35. The East African Currency Board was formed after World War II in order to service British Colonies in the region. German East Africa became Tanganyika after Germany surrendered its territories at the Treaty of Versailles. Tanganyika joined Kenya and Uganda in the currency union. As time passed, Zanzibar, British Somaliland, and Aden adopted the currency as well. With the inception of the Currency Board, East Africa chose the Florin as the unit of currency. However, less than two years later, the Florin was scrapped in favor of the Shilling, which is still used today in all former East African colonies except Aden. This superb and very rare 5 Florins is fully issued and in pleasing collector grade. Less than 400,000 notes were issued, and almost all were redeemed beginning in late 1921 or early 1922. At the time of cataloging, this note is the single finest of only two graded in the PMG Population Report. This is also only the second instance of an issued 5 Florins being offered in public auction. Minor restorations are mentioned, which do not detract from the overall appearance. The design of this note is iconic, and Thomas de la Rue is often lauded for the precision engravings used in this 1920 series. The first we have offered, this note is missing from even the most advanced collections. A true "want list" rarity for enthusiasts of African, British Commonwealth, and King George V banknotes. https://currency.ha.com/itm/world-currency/east-africa-east-african-currency-board-5-florins-151920-pick-9-pmg-choice-very-fine-35/a/4025-28216.s?type=CoinArchivesCurrency4025 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 8000-12000 USD