5 shillings 1967

Common. This is a regular issue note from a major African central bank with likely substantial print runs during the mid-1960s. eBay market data confirms common status: comparable graded examples (PMG 65) sold for approximately $142.50, and ungraded circulated examples consistently trade in the $2.50-$26 range, with catalog values in 2019 listing VF at $20 and UNC at $140. These moderate prices indicate ready availability in the market.

Issued during Nigeria's transition period following independence in 1960, this 5 shillings note represents the Central Bank of Nigeria's early currency designs under the Nigerian pound sterling system (prior to decimalization in 1973). The reverse's depiction of logging operations reflects Nigeria's timber and forestry industries, which were significant economic activities during the 1960s, while the modern Central Bank building on the obverse symbolizes the nation's institutional development and economic ambitions in the post-colonial period.

The obverse features a central circular vignette of the Central Bank of Nigeria's modern multi-story institutional building complex in Lagos, surrounded by ornamental circular frames and decorative corner elements. The building displays contemporary 1960s architecture with landscaping and adjacent structures. The reverse depicts a detailed engraved scene of logging operations in a tropical landscape, showing multiple workers engaged in timber harvesting with large logs, water features, and forested terrain in the background. Both sides employ fine engraving throughout with decorative geometric border patterns. The dominant color scheme is purple and mauve throughout, with the lion's head watermark providing security authentication.

OBVERSE: 'Federal Republic of Nigeria' / 'Central Bank of Nigeria' / 'promise to pay on demand the sum of' / 'FIVE SHILLINGS' / '5/-' (denomination) / Serial number 'A/30 188131' / 'GOVERNOR' and 'DIRECTOR' (signature titles) / 'شلن' (Arabic: Shillings). REVERSE: '5/-' (denomination in circular frames) / 'CENTRAL BANK OF NIGERIA' / 'FIVE SHILLINGS'

Intaglio engraving (line engraving) on banknote paper, characteristic of high-security currency production of the period. The fine line work, intricate decorative patterns, and detailed portrait work visible throughout indicate professional currency printer production, consistent with Central Bank of Nigeria standards for this era. The sharp, crisp impressions and precise ornamental details visible in the PMG 67 EPQ example confirm high-quality intaglio printing execution.

This specific example is identified as the 4-signature variety (as noted in catalog references comparing to later 2-signature variants like P-10). Serial number prefix 'A/30' indicates production sequence. The 1967 issue date distinguishes this from the earlier ND (1965) varieties noted in external references, though the exact release date may have been 1965 with 1967 dating on the note itself, a common practice. Signature combinations and printing locations may vary among examples from this Pick number.