• Banque de Madagascar (Bank of Madagascar) Currency & Banknote Values

Banknote Book® Price Guide

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Values / World Currency / Madagascar / Banque de Madagascar (Bank of Madagascar)

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The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

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The Greysheet Catalog (GSID) of the Banque de Madagascar (Bank of Madagascar) series of Madagascar in the World Currency contains 47 distinct entries with CPG® values between $5.00 and $9,700.00. On 1 July 1925, the French government formed an agreement with the Banque de Paris et

The Greysheet Catalog (GSID) of the Banque de Madagascar (Bank of Madagascar) series of Madagascar in the World Currency contains 47 distinct entries with CPG® values between $5.00 and $9,700.00.

On 1 July 1925, the French government formed an agreement with the Banque de Paris et des Pays-Bas to create the Banque de Madagascar (Bank of Madagascar, BDM), headquartered in Paris, and granted it a private monopoly to issue currency for the colony of Madagascar. The Banque de Madagascar was founded on 22 December 1925 and introduced the franc malgache (Malagasy franc) at par with the French franc.

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3=12=92 - 13=2=93 (old dates) Sig : LE CAISSIER PRINCIPAL, Victor d’Anfreville; LE SECRETAIRE GENERAL, Jean-Baptiste Billote; LE CONTROLEUR GENERAL, Armand Delmotte Intro: 1926
3=12=92 - 13=2=93 (old dates) Sig : LE CAISSIER PRINCIPAL, Victor d’Anfreville; LE SECRETAIRE GENERAL, Jean-Baptiste Billote; LE CONTROLEUR GENERAL, Armand Delmotte Intro: 1926
Value Range: $200.00 - $800
$200.00 - $800
Diagonal SPECIMEN perf; 20=1=93; normal s/n
Diagonal SPECIMEN perf; 20=1=93; normal s/n
Value Range: $5,000 - $5,000
$5,000 - $5,000
No date Sig 1: Dejouany/Saurin Series 1 - 1111 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 1111 Intro: 1926
Value Range: $6.00 - $25.00
$6.00 - $25.00
Sig 2: Dejouany/Chaudun Series 1118 - 3268 Intro: 1937
Sig 2: Dejouany/Chaudun Series 1118 - 3268 Intro: 1937
Value Range: $6.00 - $25.00
$6.00 - $25.00
No ovpt; all-zero s/n
No ovpt; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf
Diagonal SPECIMEN perf
No date Sig 1: Dejouany/Saurin Series 1 - 528 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 528 Intro: 1926
Value Range: $10.00 - $40.00
$10.00 - $40.00
Sig 2: Dejouany/Chaudun Series 531 - 1630 Intro: 1937
Sig 2: Dejouany/Chaudun Series 531 - 1630 Intro: 1937
Value Range: $10.00 - $40.00
$10.00 - $40.00
Sig 3: Dejouany/Gonon Series 1634 - 2066 Intro: 1948
Sig 3: Dejouany/Gonon Series 1634 - 2066 Intro: 1948
Value Range: $10.00 - $40.00
$10.00 - $40.00
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal SPECIMEN IMPRIMERIE CHAIX perf
Diagonal SPECIMEN IMPRIMERIE CHAIX perf
Diagonal SPECIMEN perf; no s/n
Diagonal SPECIMEN perf; no s/n
No date Sig 1: Dejouany/Saurin Series 1 - 156 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 156 Intro: 1926
Value Range: $5.00 - $90.00
$5.00 - $90.00
Sig 2: Dejouany/Chaudun Series 163 - 743 Intro: 1937
Sig 2: Dejouany/Chaudun Series 163 - 743 Intro: 1937
Value Range: $5.00 - $90.00
$5.00 - $90.00

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Sig 3: Dejouany/Gonon Series 756 - 1118 Intro: 1948
Sig 3: Dejouany/Gonon Series 756 - 1118 Intro: 1948
Value Range: $5.00 - $90.00
$5.00 - $90.00
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal SPECIMEN IMPRIMERIE CHAIX perf; all-zero s/n
Diagonal SPECIMEN IMPRIMERIE CHAIX perf; all-zero s/n
Diagonal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf; no s/n
Diagonal SPECIMEN perf; no s/n
Oversized paper
Oversized paper
No date Sig 1: Dejouany/Saurin Series 1 - 67 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 67 Intro: 1926
Value Range: $30.00 - $475
$30.00 - $475
Sig 2: Dejouany/Chaudun Series 73 - 497 Intro: 1937
Sig 2: Dejouany/Chaudun Series 73 - 497 Intro: 1937
Value Range: $30.00 - $475
$30.00 - $475
Sig 3: Dejouany/Gonon Series 511 - 1187 Intro: 1948
Sig 3: Dejouany/Gonon Series 511 - 1187 Intro: 1948
Value Range: $30.00 - $475
$30.00 - $475
One or multiple SPECIMEN perfs; all-zero s/n
One or multiple SPECIMEN perfs; all-zero s/n
No date Sig 1: Dejouany/Saurin Series 1 - 20 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 20 Intro: 1926
Value Range: $35.00 - $525
$35.00 - $525
Sig 2: Dejouany/Chaudun Series 21 - 1009 Intro: 1937
Sig 2: Dejouany/Chaudun Series 21 - 1009 Intro: 1937
Value Range: $35.00 - $525
$35.00 - $525
Sig 3: Dejouany/Gonon Series 1026 - 1422 Intro: 1948
Sig 3: Dejouany/Gonon Series 1026 - 1422 Intro: 1948
Value Range: $35.00 - $525
$35.00 - $525
No ovpt; all-zero s/n
No ovpt; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n

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No date Sig 1: Dejouany/Saurin Series 1 - 4 Intro: 1926
No date Sig 1: Dejouany/Saurin Series 1 - 4 Intro: 1926
Value Range: $9,000 - $9,000
$9,000 - $9,000
Uniface proof without wmk
Uniface proof without wmk
11-7-1933 Sig 1: Dejouany/Saurin Series 1 - 4
11-7-1933 Sig 1: Dejouany/Saurin Series 1 - 4
Value Range: $300 - $1,300
$300 - $1,300
21-12-1939 Sig 2: Dejouany/Chaudun Series 9 - 13
21-12-1939 Sig 2: Dejouany/Chaudun Series 9 - 13
Value Range: $300 - $1,300
$300 - $1,300
9-9-1942 Series 14 - 26
9-9-1942 Series 14 - 26
Value Range: $300 - $1,300
$300 - $1,300
19-5-1945 Series 27 - 109
19-5-1945 Series 27 - 109
Value Range: $300 - $1,300
$300 - $1,300
15-12-1947 Series 116 - 168
15-12-1947 Series 116 - 168
Value Range: $300 - $1,300
$300 - $1,300
28-12-1948 Sig 3: Dejouany/Gonon Series 170 - 256
28-12-1948 Sig 3: Dejouany/Gonon Series 170 - 256
Value Range: $300 - $1,300
$300 - $1,300
Horizontal SPECIMEN perf; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf; all-zero s/n
One or more SPECIMEN perfs; dated 00-00-000; sig 2; all-zero s/n
One or more SPECIMEN perfs; dated 00-00-000; sig 2; all-zero s/n
15 décembre 1941 Sig 4: Séguy/Dupont 18 notes unredeemed (all varieties)
15 décembre 1941 Sig 4: Séguy/Dupont 18 notes unredeemed (all varieties)
Value Range: $1,200 - $4,800
$1,200 - $4,800
Sig 5: Delange/Dupont
Sig 5: Delange/Dupont
Value Range: $1,200 - $9,700
$1,200 - $9,700
15 mars 1946 Sig 6: Hénonin/Dupont
15 mars 1946 Sig 6: Hénonin/Dupont
Value Range: $1,200 - $4,800
$1,200 - $4,800
Diagonal red Spécimen ovpt; 15 décembre 1941; no sig; all-zero s/n
Diagonal red Spécimen ovpt; 15 décembre 1941; no sig; all-zero s/n

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30 Avril 1942 Sig 4: Séguy/Dupont 10 notes unredeemed; 1 known (s/n F 1 005161)
30 Avril 1942 Sig 4: Séguy/Dupont 10 notes unredeemed; 1 known (s/n F 1 005161)
Diagonal red Spécimen ovpt; no sig ; all-zero s/n
Diagonal red Spécimen ovpt; no sig ; all-zero s/n

Legal Disclaimer

The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.

Read CDN Terms of Use

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1878 7TF $1 Reverse of 1878 MS

Auction Ends: 6/8/2026

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