Auction Name: 2020 April 23 - 27 Central States World Paper Money Signature Auction - Dallas
Lot Number: 28578
Shortcut to Lot: HA.com/4022-28578
Zanzibar Zanzibar Government 5 Rupees 1.8.1916 Pick 2 PMG Very Fine 25. Always an exciting offering, rare and desirable with any date and in any grade. This denomination is so scarce that only six different examples have crossed the auction block in the last 15 years, across all dates of the series, which ranged from 1908 to 1928. Coinage for Zanzibar began in the 19th century during the Sultanate, with banknotes following after the British secured a Protectorate for Zanzibar and Pemba. After World War I, the Germans were expelled from East Africa, which secured British superiority along that stretch of the western Indian Ocean. East African banknotes took over in Zanzibar in the 1930s, with local issues being actively redeemed at that time. While Zanzibar was a trading post, economic superiority was in the hands of the select few elite, while the rest of the population remained marginalized, hence the inability to save these notes for posterity. The face side of this note is quite good for the grade, and the back is clean save for some interesting accounting notations, hinting at the buying power of these banknotes. Iconic, rare, and increasingly desirable.