Archives International Auctions sold a 5,000-franc Republique
Centrafricaine (Central African Republic) note dated Jan. 1, 1980, for
$1,534 at its March 11 auction, held in its Fort Lee, N.J., office.
The note is graded Gem Uncirculated 65 Exceptional Paper Quality by
Paper Money Guaranty. The price of the note includes the 18 percent
The face of the colorful note displays various vignettes of daily
life — farm animals, people, and crops such as cotton and plantains.
The back design shows a wood carving, the face of a man, airplane,
train and tractor.
The note was in Part 1 of the Scarsdale Collection of post-1960
modern African bank notes that was assembled over many years,
according to Robert Schwartz of AIA.
Part 1 of the Scarsdale Collection included 241 lots of which 209
lots were sold, for a sell-through rate of 87 percent.
The Central African Republic is known for its production of cassava
and peanuts, as well as cotton, the principal exported cash crop.
The nation was once a French colony, part of French Equatorial
Africa. In the late 19th century it was known as the colony of
Ubangi-Shari, named after two major rivers in the area.
On Dec. 1, 1958, the colony became an autonomous territory and took
the name Central African Republic. On Aug. 13, 1960, it gained its
independence. The nation is landlocked in central Africa, and bordered
by Cameroon, Chad, Sudan, South Sudan, the Democratic Republic of the
Congo and the Republic of the Congo.
For more information about this or future auctions, write to
Archives International Auctions, 1580 Lemoine Ave., Suite No. 7, Fort
Lee, NJ 07024.
Collectors can also visit its website at
www.archivesinternational.com. The firm can also be reached by email
at email@example.com or by telephone at 201-944-4800.