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5 piastres 1951

Africa › Libya
P-51951United Kingdon of LibyaUNC
5 piastres 1951 from Libya, P-5 (1951) — image 1
5 piastres 1951 from Libya, P-5 (1951) — image 2

Market Prices

30 sales
Catalogue (2016)
VG$1
VF$15
UNC$45
VF$7.492026-02-16(10 bids)
PMG 64$512025-01-05(2 bids)
PMG 67$102.52024-12-23(2 bids)
PMG 67$170.522023-08-19(22 bids)
PMG 63$512023-01-01(2 bids)
VG$5.52022-09-09(8 bids)
VG$1.992022-07-16(1 bid)
VG$5.562021-11-11(5 bids)
VF$14.52021-06-03(11 bids)
F$5.52021-05-05(4 bids)
VF$10.52020-11-29(12 bids)
F$7.582020-10-18(17 bids)
PMG 65$892020-05-25(19 bids)
F$10.522019-12-20(10 bids)
PMG 66$772019-05-27(23 bids)
PMG 58$46.672019-03-06(19 bids)
F$5.52017-06-24(9 bids)
F$7.52017-03-05(16 bids)
VF$11.52017-01-10(4 bids)
EF$1.762017-01-03(3 bids)
AUNC$39.992016-10-13(9 bids)
VG$2.82016-04-02(6 bids)
F$10.52016-01-17(11 bids)
F$11.52015-04-26(13 bids)
EF$16.52014-10-12(7 bids)
AUNC$20.52014-02-27(16 bids)
F$6.52013-06-26(6 bids)
F$9.72013-06-16(11 bids)
F$52012-08-15(1 bid)
VF$14.52012-07-28(13 bids)

About This Note

This is an uncirculated 1951 Libya 5 Piastres note (Pick P-5) issued by the Libyan Currency Commission under King Idris I, featuring a striking mauve and cream color scheme with ornate Islamic geometric borders. The obverse displays an engraved classical colonnade on the left and a palm tree on the right, while the reverse features intricate guilloche security patterning. The note is in exceptional condition with crisp, vibrant printing and no signs of wear, representing a key early issue from the newly independent United Kingdom of Libya.

Rarity

common

Historical Context

This note marks Libya's transition to independence in 1951, issued under the constitutional monarchy of King Idris I following the country's liberation from Italian and British occupation. The classical colonnade depicted on the obverse represents the Roman Forum at Cyrene, reflecting Libya's significant Greco-Roman archaeological heritage and the nation's connection to its historical past. The bilingual design (Arabic and English) reflects the post-colonial administration period when English remained an official language during the initial formation of Libya's independent monetary system.

Design

The note features a sophisticated bilingual design befitting Libya's post-independence status. The obverse displays the Roman Forum at Cyrene as a classical colonnade with vertical columns on the left, symbolizing Libya's ancient heritage, paired with a palm tree on the right representing the North African landscape. The design incorporates ornate Islamic geometric border patterns in mauve and pink tones, reflecting Arab cultural identity. Large ornamental circular designs in all four corners contain the denomination numeral '5'. The reverse employs a complex guilloche pattern of wavy parallel lines as a security feature, providing both aesthetic appeal and anti-counterfeiting protection. The bilingual presentation (Arabic and English) on both sides emphasizes the transitional political status of the new kingdom.

Inscriptions

FRONT SIDE: 'المملكة الليبية الموحدة' (United Kingdom of Libya); 'هذه الأوراق النقدية بموجب قانون رقم 4 لسنة 1951 فى عهد الملك إدريس الأول' (These currency notes are in accordance with law no. 4 of 1951 in the reign of King Idris I); 'خمسة قروشية' (Five piastres); Additional Arabic text indicating Currency Committee authority. Serial number: 500275. REVERSE SIDE: 'UNITED KINGDOM OF LIBYA'; 'FIVE PIASTRES'; 'THESE CURRENCY NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT'; 'ISSUED BY THE LIBYAN CURRENCY COMMISSION IN ACCORDANCE WITH LAW N°4 OF 24TH OCTOBER, 1951, IN THE REIGN OF KING IDRIS I.'

Printing Technique

Intaglio (engraved) printing on high-quality banknote stock, evidenced by the finely detailed architectural engraving of the colonnade, the intricate guilloche security patterns with precision-cut parallel wavy lines, and the crisp, raised printing visible in the uncirculated condition. The ornamental borders and circular corner designs show characteristic depth and detail of intaglio production. Based on the quality and style consistent with British-influenced Commonwealth currency commissions of the period, this note was likely produced by a British security printer such as De La Rue or Waterlow & Sons, who managed many early post-independence African currency issues.

Varieties

The observed serial number 500275 indicates this is from the early printing run. No overprints, errors, or significant varieties are visible on this particular specimen. The note represents the standard 1951 regular issue under Law No. 4. The catalog reference notes the Pick number P-5 designation, with related variants cataloged as P-51 (10 Dinars), P-53 (1/2 Dinar), P-59a and P-59b (1 Dinar denominations), all part of the same 1951 series. No watermark is evident in the visual analysis, consistent with early Libyan currency commission issues.