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Live auction - 4440139 - 500 Francs Épreuve DJIBOUTI 1952 P.27E

500 Francs Épreuve DJIBOUTI  1952 P.27E AU
500 Francs Épreuve DJIBOUTI  1952 P.27E AU500 Francs Épreuve DJIBOUTI  1952 P.27E AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 600 €
Price : 720 €
Maximum bid : 740 €
End of the sale : 16 February 2021 16:27:50
bidders : 6 bidders
Face Value : 500 Francs Épreuve
Date: (1952)
Period/Provinces/Banks Banque de l'Indochine
Catalogue reference : P.27E
Predigree : CGB Live février 2021 Archives Armanelli

Commentary


Épreuve de graveur pour le recto sur papier simple grandes marges, sans texte ni faciale. Annotation en marge.
Engraver's proof for the recto on plain paper with wide margins, without text or face. Annotation in the margin

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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