Live auction - fco_680058 - EGYPT - SUEZ CANAL 5 francs CH. & A. BAZIN, Canal de Suez 1865

You must signin and be an approved bidder to bid, LOGIN TO BID. Accounts are subject to approval and the approval process takes place within 48 hours. Do not wait until the day a sale closes to register. Clicking on "BID" constitutes acceptance of the terms of use of cgb.fr private live auctions. Bids must be placed in whole Euro amounts only. The sale will start closing at the time stated on the item description; any bids received at the site after the closing time will not be executed. Transmission times may vary and bids could be rejected if you wait until the last second. For further information check the Live auction FAQ

All winning bids are subject to a 18% buyer’s fee.

AU/XF

Estimate :	500 €
Price :	880 €
Maximum bid :	1 900 €
End of the sale :	07 September 2021 19:05:48
bidders :	7 bidders

Type : 5 francs CH. & A. BAZIN, Canal de Suez

Date: 1865

Metal : bronze

Diameter : 34 mm

Orientation dies : 6 h.

Weight : 10,14 g.

Edge : lisse à 29 pans

Rarity : R2

Coments on the condition:

Des rayures circulaires autour du 5 au revers

Catalogue references :

Lec.7 p.521 - GE.5 - VG.3682 - Maz.1755

Obverse

Obverse legend : CANAL DE L'ISTHME DE SUEZ/ (ANCRE) 1865 (ANCRE).

Obverse description : Galère antique voguant à droite, la voile gonflée par le vent.

Reverse

Reverse legend : CH. &. A. BAZIN/ * SUBSISTANCE *.

Reverse description : Au centre dans une couronne composite formée d'une branche d'épis de blé et d'une branche de chêne, en trois lignes : BON POUR/ 5/ FRANCS.

Historical background

EGYPT - SUEZ CANAL

The first canal was started by Pharaoh Senousret III (1887-1849 BC) and completed by Seti I and Ramses II. Ferdinand de Lesseps (1805-1894), vice-consul of France in Alexandria, convinced the khedive Mohammed Saïd, of whom he was a friend, to build a canal linking the Mediterranean and the Red Sea. The firmans of 1854 and 1856 prepared and specified the act of concession of November 25, 1854 which allowed Ferdinand de Lesseps to undertake the construction of the canal. The firman of 1856 provided for freedom of movement. The capital was subscribed by France for more than half and the viceroy of Egypt for a quarter. Work began in 1859 and lasted ten years. The canal was inaugurated on November 17, 1869. Its length was 52 km in 1869 and its width was 44 meters..