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Live auction - 4450113 - 500 Francs Épreuve DJIBOUTI 1927 P.09as

500 Francs Épreuve DJIBOUTI  1927 P.09as AU
500 Francs Épreuve DJIBOUTI  1927 P.09as AU500 Francs Épreuve DJIBOUTI  1927 P.09as AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 1 200 €
Price : 620 €
Maximum bid : 1 210 €
End of the sale : 06 April 2021 15:15:58
bidders : 2 bidders
Face Value : 500 Francs Épreuve
Date: (20 juillet 1927)
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.09as
Additional reference : KM.616
Detailed grade description : Petite restauration en marge droite, légères traces de manipulation

Commentary


Épreuve recto-verso filigranée, perforée verticalement SPECIMEN. Sans date et numérotation ni signatures.
Double-sided watermarked proof, vertically perforated SPECIMEN. Undated, numbered and unsigned

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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