Live auction - 518737 - 1 Franc DJIBOUTI 1919 P.24
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 800 € |
| Price : | 489 € |
| Maximum bid : | 489 € |
| End of the sale : | 07 January 2025 14:42:33 |
| bidders : | 3 bidders |
Face Value : 1 Franc
Date: 30 novembre 1919
Period/Provinces/Banks Chambre de Commerce de Djibouti
Catalogue reference : P.24
Additional reference : GB.12
Alphabet - series : A n°12000
Signatures : Poggioli, La Fay
Grade PMG 58
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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