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Live auction - fwo_716941 - BELGIUM - CONGO FREE STATE 5 francs Léopold II 1887

BELGIUM - CONGO FREE STATE 5 francs Léopold II 1887  MS65 PCGS
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 2 000 €
Price : 2 200 €
Maximum bid : 2 200 €
End of the sale : 06 September 2022 18:59:51
bidders : 9 bidders
Type : 5 francs Léopold II
Date: 1887
Quantity minted : 8000
Metal : silver
Millesimal fineness : 900 ‰
Diameter : 37,47 mm
Orientation dies : 6 h.
Weight : 25,06 g.
Edge : inscrite en relief TRAVAIL * * ET * * PROGRÈS * *
Rarity : R2
Slab
slab PCGS
PCGS : MS65
Coments on the condition:
Exemplaire sous coque PCGS MS65
Catalogue references :

Obverse


Obverse legend : LEOPOLD II R. D. BELGES SOUV. DE L’ETAT INDEP. DU CONGO.
Obverse description : Tête de Léopold II à gauche ; en-dessous signature L. WIENER.

Reverse


Reverse legend : 5/ FRANCS// 1887.
Reverse description : Armes de Léopold II avec la valeur faciale au-dessus et le millésime en-dessous.

Historical background


BELGIUM - CONGO FREE STATE

(1885-1908)

Leopold II succeeded his father, Leopold I, to the Belgian throne in 1865. In 1876 Leopold II organized an international association for the development of Central Africa. Three years later, under his patronage, Stanley competed with the French explorer Brazza to acquire rights to the Congo region.. The occupation is mainly pushed towards the southern valley of the Nile. Leopold also wanted to establish a railway network along the Congo River and its tributaries, to create the sources of income essential to the self-financing of the company and the self-management of the conquered territory.. At the Berlin Conference of 1884-1885, representatives of 14 European countries and the United States recognized Leopold's sovereignty over the Congo Free State, which he exercised until 1908. Thanks to the resources of this colony, in particular the rubber crops, the king grew considerably richer and many buildings or monuments in Brussels were built.. Following an international campaign led by the British to denounce the brutal and inhuman treatment of the local populations by the colonials, the position of the king becomes untenable and he is forced in spite of himself to cede the sovereignty of the Congo to the Belgian nation.. The Belgian government renames the territory "Belgian Congo".

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