thunting44
16h ago
CURRENCY
Egypt 10 Piastres 1953 Pick 53 PCGS XF 45 29
Key Facts & Value
Key Fact
Description
A graded 1950 Egyptian 5 Piastres banknote, Series A, graded XF 45 by PCGS. The obverse features a portrait of Queen Nefertiti, a renowned figure from ancient Egypt. The reverse displays the Egyptian coat of arms. This paper currency was printed by Thomas De La Rue and bears the serial number 712684.
History
Issued in 1950, this banknote originates from the Republic of Egypt during the post-World War II era. The design elements, particularly the depiction of Queen Nefertiti, connect the currency to Egypt's rich ancient heritage. The country was undergoing significant political and social changes at the time, seeking to establish its modern identity.
Facts
The 5 Piastres note is part of a series issued shortly after the establishment of the Republic of Egypt. The inclusion of ancient Egyptian iconography, such as Queen Nefertiti, was a common practice to foster national pride and a connection to the country's illustrious past. These notes are sought after by collectors interested in the transition period of Egyptian numismatics.
Value Fact
Graded banknotes from Egypt, especially those with distinct historical imagery, tend to perform well in the collector's market. This 1950 5 Piastres note, in XF 45 condition, represents a solid entry-level piece. Demand is driven by Egyptian history buffs and general world currency collectors. Comparable notes in similar grades typically range from $20 to $50.
Item Details
Official Details
Variation Details
thunting44 Details
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