Previous Lot Next Lot

Auction: 24009 - World Banknotes
Lot: 92

National Bank of Egypt, [Issued] £1, Cairo, 5th January 1899, serial number B/1 322779, The first series of notes issued by the National Bank of Egypt (NBE) following its establishment in 1898 marks a pivotal moment in Egypt's financial history. The NBE emerged from the merger of three powerful firms: Cassel of London, Salvago of Alexandria, and Suarés of Cairo. Granted the exclusive right to issue currency for 50 years, the bank began circulating its notes on 3 April 1899, following a decree from 25 June 1898.
Today, surviving notes from NBE inaugural series are incredibly scarce, making them highly sought-after treasures among collectors. On the rare occasion that these 1899 notes surface in auctions, they have historically been limited to denominations of 50 Piastres and £1.
Interestingly to date only one known £5 note has ever been recorded, making it a singular piece of history-one that remains a mystery to most.

Signed by Frederick Rowlatt

(Pick 2b, BNB 102), in PMG holder 20 Very Fine, only 6 notes in higher grade on PMG Census. Incredible and presentable grade for type, with great eye appeal, rare

Subject to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers.

Sold for
£17,500