My first coin purchase/back in 1974! Biafra Proof Set 1969

Discussion in 'World Coins' started by panzerman, Jan 15, 2017.

  1. panzerman

    panzerman Well-Known Member

    This beautifull Proof Set was struck at Valcambi Mint in Switzerland, for the newly independent Republic of Biafra in 1969. The World stood by and did nothing as in Rwanda, and Biafra was wiped out by the Nigerians.

    The set has 5 coins/ 1/2/5/10/25 Pounds
    Total of 3000 numbered sets(mine=1327) many were melted down since issue date.
    Total gold content of 5 coins=4.35oz.
    Obv. Eagle/Sun Rise
    Rev. Coat of Arms lf (35).jpg
     
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  3. scottishmoney

    scottishmoney Buh bye

    Biafran coins saw little circulation, there were some 3d, 6d and 1/ coins struck but the country didn't last that long. The paper money was for a time fairly easy to come by as the printer was stuck with a bunch of it still not shipped when the war ended in 1969. I think I remember getting some in a Cheerios box when I was a kid, only wanted the money not the cereal. Most of the L1 notes are still fairly common, but the L5 notes are quite scarce.

    And as an aside, borders were drawn by colonial powers with absolute clueless thought to putting people who hated each other in the same borders and splitting other tribes across borders. The result, South Sudan, Biafra, Katanga, Eritrea and that hinterland of Africa, Somalia.
     
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  4. onecenter

    onecenter Member

    Absolutely lovely set. Not only are secessionist Biafran coins difficult to find, but so are Nigerian coins. Pricey, too.
     
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  5. onecenter

    onecenter Member

    Just thought I would check and see if eBay had any Biafran coins for sale. Not one. Even the stamps were expensive. (I have those.)
     
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  6. panzerman

    panzerman Well-Known Member

    These were definately one of the most beautifull coin designs of the twentieth century;)
     
  7. Lon Chaney

    Lon Chaney Well-Known Member

    Made me think of Jello Biafra.
     
  8. mlov43

    mlov43 주화 수집가

    Do you know what company distributed these?
    I suspect it may have been the Caracas-based, and organized crime-linked outfit, Italcambio, owned by the Italian entrepreneur and art collector, Mario Pizzorni.

    The Valcambi Mint was quite active in this period making commemorative gold pieces for several countries, ones that Italcambio distributed through its worldwide sales network. The gold coins for the 1970 "Five Thousand Years of Glorious History" series of commemoratives for South Korea were also minted by Valcambi, with a tiny fraction of the same designs minted by the Paris Mint. These Korean coins were distributed outside of Korea, (due to central banking laws there) by Italcambio. This set, and its case, look very much like Italcambio products to me.

    I believe that the Dahomey gold and silver commemoratives of 1971, along with the Khmer Republic (Cambodia) commems of 1974, along with many other were also Valcambi/Italcambio products.
     
  9. panzerman

    panzerman Well-Known Member

    Italcambio rings a bell, I got quite a few coins from them, back when I just started collecting. I remember seeing these Biafran 5 coin proof sets offered for $900 US back then in the classified section of "Coin World". I asked my Dad for a small loan to buy it. I also bought some other gold from Italcambio/ Turkey Deluxe gold 500/250/100/50 /25 Piastres etc. The 1970 Korea AV Proof Set is really nice. I have the massive 1969 Uganda 9 piece AV/AR set. The 1000 Shilling AV coin weighs over 4 oz.!
     
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  10. scottishmoney

    scottishmoney Buh bye

    Italcambio also did a series of medals in gold that featured Mussolini and his entourage that were also sold out of an office in Caracas Venezuela during that time. Don't think they could have distributed the medals in Italy so Venezuela worked for them.
     
  11. mlov43

    mlov43 주화 수집가

    Cool back story to your set.
    Btw, what is "AV" and "AR"?
     
  12. panzerman

    panzerman Well-Known Member

    AV=GOLD AR=Silver PT=Platinum

    These are designated symbols for coins made of precious metals.

    John
     
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  13. KevinM

    KevinM Well-Known Member

    Beautiful coins you have ;stunning.
     
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  14. mlov43

    mlov43 주화 수집가

    Oh! Thanks for that. I just remember periodic table abbreviations (Au, Ag), so these must be specific to coins and medals(?)

    And, yes, that IS an amazing set of coins you have there!
    I can appreciate your interests in coins...
     
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  15. chrisild

    chrisild Coin Collector

    Those abbreviations are (AFAIK) common among collectors of ancient coins; there is also AE for bronze. They are usually not used for modern pieces, but if one collects both ancients and others, it may make sense to use one set of abbreviations. :)

    Christian
     
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  16. fretboard

    fretboard Defender of Old Coinage!

  17. Emenike Anigbogu

    Emenike Anigbogu New Member

    are you at all interested in selling?
     
  18. panzerman

    panzerman Well-Known Member

    Sorry, but I love that proof set:happy: Sometimes you can find some of these coins on Heritage Auction site.
    www.ha
     
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  19. Mkman123

    Mkman123 Well-Known Member

    lovely gold set!! I collect world crowns and the biafra crown sized silver coin is rare + pricey. The gold even more pricier!
     
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  20. 7Jags

    7Jags Well-Known Member

    Yes, I love this set and put mine together one by one. The big one 2.35 oz gold by itself! Got it at Heritage auction about 4 yrs ago.
    Simply beautiful.
     
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