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Live auction - 4270265 - 500 Francs DJIBOUTI 1927 P.09aE

500 Francs DJIBOUTI  1927 P.09aE UNC
500 Francs DJIBOUTI  1927 P.09aE UNC500 Francs DJIBOUTI  1927 P.09aE UNC
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 1 500 €
Price : 800 €
Maximum bid : 800 €
End of the sale : 18 December 2018 16:21:59
bidders : 1 bidder
Face Value : 500 Francs
Date: 20 juillet 1927
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.09aE
Alphabet - series : O.0 n°000
Signatures : Simon, Thion de la Chaume

Commentary


Épreuve recto-verso non filigranée, perforée verticalement SPECIMEN. Datée, numérotée et signée.

Historical background


DJIBOUTI

The opening of the Suez Canal gave the Gulf of Aden an unequaled strategic importance at the exit from the Red Sea. The English controlled Aden, the French bought Obock in 1862 while Marseille shipowners settled in Tadjoura. In 1884, a French protectorate was passed with the local potentates. The same was done with the Somali chiefs. Colonel Lagarde founded Djibouti in 1888. The capital was transferred in 1891 from Obock to Djibouti. Having colony status in 1894, the region took the name of Côte Française des Somalis in 1896.

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