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50 afghanis 1948

Asia › Afghanistan
P-321948Da Afghanistan BankAU
50 afghanis 1948 from Afghanistan, P-32 (1948) — image 1
50 afghanis 1948 from Afghanistan, P-32 (1948) — image 2

Market Prices

2 sales
Catalogue (2016)
VG$5
VF$15
UNC$50
PMG 66$164.382021-05-23(5 bids)
UNC$113.632013-09-26(26 bids)

About This Note

This is a well-preserved AU example of the 1948 Afghanistan 50 Afghanis (Pick P-32), featuring the iconic portrait of King Muhammad Zahir Shah in an ornate circular frame on the obverse, with the reverse showcasing the Independence Monument in Kabul. The note displays the characteristic multicolor printing (green, red, orange, purple) of this issue, with intricate geometric and arabesque security patterns throughout. While this is a relatively common denomination from a regular issue, the AU condition and clear visual preservation make it an attractive example for collectors of Afghan currency or mid-20th century Middle Eastern numismatics.

Rarity

Common. This is a regular issue denomination (50 Afghanis) from a standard 1948 emission by Da Afghanistan Bank with no documented low print run or recall status. Market data from realbanknotes.com shows catalogue values of $5-50 depending on condition (VG-UNC as of 2016), with recent eBay sales in the $100-165 range for higher grades—pricing consistent with widely available, common banknotes. The AU grade observed here would typically catalog around $30-40 USD, representing a standard collector piece rather than a scarce variety.

Historical Context

Issued in 1948 (SH 1327) during the reign of King Muhammad Zahir Shah, this banknote reflects Afghanistan's modernization period under the constitutional monarchy. The prominence of the reigning monarch on the obverse symbolized the centralized authority of the Afghan state, while the reverse's depiction of the Independence Monument in Kabul celebrated the nation's sovereignty and independence—historically significant as Afghanistan had maintained its independence from direct colonial rule throughout the imperial period.

Design

The obverse features a formal portrait of King Muhammad Zahir Shah (identified as his second portrait on this issue) positioned in profile facing right within an ornate circular decorative frame. The right side of the obverse contains elaborate geometric and arabesque patterns in multiple colors, with a circular seal or emblem of Da Afghanistan Bank positioned in the lower center. The reverse showcases the prominent Independence Monument (Minaret of Independence) in Kabul—a tall cylindrical tower structure with a domed or peaked crowning element, depicted within an ornate framed vignette surrounded by stylized trees and vegetation. Both sides feature intricate border designs with geometric and floral patterns in the corners and margins, characteristic of the classical security printing aesthetic of Afghan banknotes from this era.

Inscriptions

OBVERSE: '50 AFGHANIS' (English); 'دافغانستان بانک' (Da Afghanistan Bank / Bank of Afghanistan, Dari/Pashto); '۵۰' (50, in Dari/Pashto numerals); Serial number '۲۰۸۲۶۲۶' (in Dari/Pashto numerals). Additional Dari/Pashto text present but requires expert verification for precise translation. REVERSE: '50 AFGHANIS' (English); 'دافغانستان بانک' (Da Afghanistan Bank, Dari/Pashto); '۵۰' (50, in Dari/Pashto numerals). Additional inscriptions in lower portion partially obscured by mounting.

Printing Technique

This note was produced using traditional multi-color letterpress or intaglio printing techniques, as evidenced by the crisp fine-line work visible throughout the design, particularly in the portrait frame, monument details, and geometric security patterns. The layered color separation (green, red, orange, purple, gray, and cream) and the sharp definition of the arabesque patterns indicate professional security printing typical of mid-20th century European or regional security printers producing Afghan currency. The specific printer for this issue requires verification against Da Afghanistan Bank archives, though European security printers (such as De La Rue or similar firms) were common contractors for Afghan banknote production during this period.

Varieties

This example appears to be the standard P-32 variety without overprint ('without imprint' as noted in external reference). The PMG population report indicates two catalogued variants (P-32 and P-32cts), suggesting a regular and a countersigned version may exist. The specific variety of this note would be confirmed by the absence of visible countersignatures or overprints on both sides and verification against signature varieties known for the 1948 issue. Serial number '۲۰۸۲۶۲۶' visible in the image can be cross-referenced to establish the production batch, though standard production serials do not constitute a separate variety for this regularly issued denomination.