Live auction - 538997 - 500 Francs Épreuve DJIBOUTI 1927 P.09ap
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 3 000 € |
| Price : | 2 150 € |
| Maximum bid : | 2 150 € |
| End of the sale : | 08 July 2025 14:54:05 |
| bidders : | 3 bidders |
Face Value : 500 Francs Épreuve
Date: 20 juillet 1927
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.09ap
Alphabet - series : O.0 n°000
Signatures : Borduge, Baudouin
Grade PMG 67EPQ
Commentary
Épreuve recto-verso sans filigrane, non perforée, avec signatures et numérotation.
Double-sided proof without watermark, imperforate, with signatures and numbering
Double-sided proof without watermark, imperforate, with signatures and numbering
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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