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5 shillings 1968

Africa › Biafra
P-11968Bank of BiafraUNC
5 shillings 1968 from Biafra, P-1 (1968) — image 1
5 shillings 1968 from Biafra, P-1 (1968) — image 2

Market Prices

36 sales
Catalogue (2019)
VF$3
UNC$15
UNC$19.992025-05-22(1 bid)
PMG 66$18.512025-02-21(20 bids)
UNC$7.242023-06-26(8 bids)
F$4.012022-12-14(8 bids)
F$7.52021-12-01(11 bids)
PMG 64$15.52021-01-11(3 bids)
PMG 64$14.52020-12-31(4 bids)
EF$10.62020-09-27(13 bids)
PMG 65$24.162020-08-15(4 bids)
PMG 67$412020-06-22(15 bids)
UNC$5.52019-09-23(5 bids)
AUNC$9.52019-06-16(9 bids)
UNC$14.52019-04-15(10 bids)
VG$3.252019-03-15(3 bids)
UNC$8.52018-09-17(13 bids)
PMG 65$12.492018-08-31(6 bids)
PMG 64$212018-01-24(9 bids)
PMG 64$562017-12-06(16 bids)
PMG 66$272017-11-19(12 bids)
PMG 66$462017-11-04(21 bids)
UNC$5.522017-03-09(10 bids)
UNC$8.142017-02-23(6 bids)
UNC$5.52016-11-27(7 bids)
PMG 65$312016-11-27(9 bids)
F$2.252016-09-25(7 bids)
UNC$7.292016-07-30(1 bid)
F$6.052016-02-18(6 bids)
UNC$152016-01-15(8 bids)
F$8.52015-05-07(8 bids)
UNC$5.992015-02-02(1 bid)
UNC$11.92014-11-07(14 bids)
UNC$6.012014-09-18(5 bids)
UNC$24.52013-11-01(14 bids)
F$3.252012-07-28(4 bids)
UNC$0.992011-07-30
VF$4.772009-03-24

About This Note

This is a Bank of Biafra 5 Shillings note (Pick-1) from 1968 in uncirculated condition, representing the first issue from the breakaway Nigerian region. The note features a striking orange and yellow rising sun with a central palm tree on the obverse, rendered in purple, blue, and tan hues, while the reverse showcases a reddish-brown map of Biafran territory. The sharp printing quality, vibrant colors, and complete absence of wear or creasing confirm its UNC grade, making it an excellent example of this historically significant currency from Africa's brief secessionist state.

Rarity

Common. Secondary market data from realbanknotes.com shows consistent availability with UNC examples selling regularly between $5-$25 over the 2009-2025 period, with typical UNC sales in the $8-$15 range (2019 catalog value: $15 UNC). The frequency of eBay sales and price consistency indicate adequate circulation among collectors. While historically significant, Biafra notes were produced in sufficient quantities that they remain readily available to collectors.

Historical Context

Biafra declared independence from Nigeria in 1967, and this 5 Shillings note was issued by the Bank of Biafra in 1968 during the short-lived republic's existence (1967-1970). The obverse's palm tree and rising sun symbolize the new nation's aspirations and African identity, while the reverse's territorial map represents Biafra's claimed borders during the Nigerian-Biafran War. These notes are powerful artifacts from one of Africa's most consequential Cold War-era conflicts, now highly sought by collectors of political and African numismatics.

Design

The obverse features a classical allegorical design centered on a stylized palm tree silhouette against a rising sun on the horizon, rendered in vibrant orange and yellow with a purple and blue background. The composition conveys renewal and national identity through these nationalist symbols. The reverse displays an engraved map illustration of Biafran territory in reddish-brown and maroon tones, emphasizing the geographical extent of the claimed state. Both sides incorporate fine-line engraved patterns and ornamental flourishes typical of 1960s Commonwealth currency design. The denomination badges appear in multiple locations for security and verification purposes.

Inscriptions

FRONT SIDE: 'REPUBLIC OF BIAFRA' (top center); 'BANK OF BIAFRA' (issuing authority); 'PROMISE TO PAY ON DEMAND THE SUM OF FIVE SHILLINGS' (legal tender clause); '5/-' (denomination in circular badges, upper left and lower right); 'GOVERNOR' and 'DIRECTOR' (signature lines); Serial number: 'A 0656673' (printed twice). BACK SIDE: 'BANK OF BIAFRA' (issuing authority); 'FIVE SHILLINGS' (denomination text); '5/-' (denomination badges in circular format, appearing three times: upper right, left side, lower right).

Printing Technique

Intaglio (engraved) printing, characteristic of security currency production in this era. The fine-line background patterns, complex geometric hatching, and sharp detail throughout confirm traditional engraving methods. The note exhibits the high-quality security printing typical of Bank of England-associated Commonwealth currency production, with multiple denomination badges serving as verification elements.

Varieties

This note bears serial number A 0656673 with the 'A' prefix. Known varieties for Pick-1 include different serial number prefixes and signature variations. The note's ND (no date) specification with 1968 issue year is standard for this Pick number. No overprints or unusual security features are apparent in this example, consistent with the regular issue classification.