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Auction: 13037 - The Ibrahim Salem Collection of African Banknotes
Lot: 464

(x) Institut d’Emission Malgache, a small group comprising 50 Francs = 10 Ariary, ND (1963), multicoloured, woman with hat at right, reverse man; 100 Francs = 20 Ariary, ND (1963) multicoloured, woman at right, reverse woman, boats and animals; 1000 Francs = 200 Ariary, ND (1963), No. M.498-262, multicoloured, woman and man at left centre, reverse oxen and cart; 5,000 Francs = 1000 Ariary, 23 November 1955 (1963) portrait of Gallieni at upper left, young woman at lower right, reverse huts at left, woman and child at right, all overprinted “INSTITUT D’EMISSION MALGACHE” in black on obverse
(Pick 51a, 52, 54, 55), the first about uncirculated to uncirculated, the second extremely fine, the third stains, otherwise good very fine, the forth pressed, nicks in lower margin, otherwise very fine (4)

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Sold for
£500