Heritage World Coin Auctions
September Signature Currency Sale 4025 18 Sep 2020
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World Currency
East Africa East African Currency Board 50 Florins = 5 Pounds 1.5.1920 Pick 12 PMG Choice Extremely Fine 45. As World War I concluded, the global financial system began to change, and currencies around the world were adapted. A sharp rise in the price of silver forced the percentage of precious metal coinage to draw back, and in some cases, inflation increased. European colonial powers along the rim of the Indian Ocean saw changes as well. The Rupee was no-longer the over-arching currency of choice in the region. Great Britain absorbed Tanzania and Zanzibar into British East Africa, and created the Florin as the new currency for the region in 1920. The newly-formed East African Currency Board created a stunning and beautiful series of banknotes, all featuring the date 1st May, 1920. Each was issued through the colonial capital, Mombasa. All notes except for the initial denomination of 1 Florin are very rare today. They were in circulation for less than two years before East Africa adopted the Shillings currency model, which still exists in Kenya, Uganda, and Tanzania to this day. This simply stunning 50 Florins, as a high denomination note, printed in a small quantity, was out of reach for most people residing in East Africa at the time. As an added attraction, this note features a tiny serial number: 00011. All design elements and inking remain bright and fresh on this incredible banknote. One of Thomas de la Rue's most enduring designs, due to its short lifespan, examples are incredibly popular and extremely rare today. Lightened stains are mentioned for accuracy on this splendid example, which shows only brief handling and circulation. https://currency.ha.com/itm/world-currency/east-africa-east-african-currency-board-50-florins-5-pounds-151920-pick-12-pmg-choice-extremely-fine-45/a/4025-28218.s?type=CoinArchivesCurrency4025 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 40000-60000 USD
East Africa East African Currency Board 50 Florins = 5 Pounds 1.5.1920 Pick 12 PMG Choice Extremely Fine 45. As World War I concluded, the global financial system began to change, and currencies around the world were adapted. A sharp rise in the price of silver forced the percentage of precious metal coinage to draw back, and in some cases, inflation increased. European colonial powers along the rim of the Indian Ocean saw changes as well. The Rupee was no-longer the over-arching currency of choice in the region. Great Britain absorbed Tanzania and Zanzibar into British East Africa, and created the Florin as the new currency for the region in 1920. The newly-formed East African Currency Board created a stunning and beautiful series of banknotes, all featuring the date 1st May, 1920. Each was issued through the colonial capital, Mombasa. All notes except for the initial denomination of 1 Florin are very rare today. They were in circulation for less than two years before East Africa adopted the Shillings currency model, which still exists in Kenya, Uganda, and Tanzania to this day. This simply stunning 50 Florins, as a high denomination note, printed in a small quantity, was out of reach for most people residing in East Africa at the time. As an added attraction, this note features a tiny serial number: 00011. All design elements and inking remain bright and fresh on this incredible banknote. One of Thomas de la Rue's most enduring designs, due to its short lifespan, examples are incredibly popular and extremely rare today. Lightened stains are mentioned for accuracy on this splendid example, which shows only brief handling and circulation. https://currency.ha.com/itm/world-currency/east-africa-east-african-currency-board-50-florins-5-pounds-151920-pick-12-pmg-choice-extremely-fine-45/a/4025-28218.s?type=CoinArchivesCurrency4025 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 40000-60000 USD