Guinea 1970 10000 francs Fr-1

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Goldberg sale 70, lot 3684
photo courtesy Goldberg Coins & Collectibles

This specimen was lot 3684 in Goldberg sale 70 (Los Angeles, September 2012), where it sold for $1,955. The catalog description[1] noted, "Guinea. 10000 Francs, 1970. For the 10th Anniversary of Independence. Ahmed Sekou Toure head left. NGC graded Proof 63 Ultra Cameo." This type was issued in sets with a large number of silver 500 francs and gold 2000 francs, most likely distributed to the president's friends and cronies.

Wikipedia comments,

"Ahmed Sékou Touré (var. Sheku Turay or Ture; N'Ko: ߛߋߞߎ߬ ߕߎ߬ߙߋ; January 9, 1922 – March 26, 1984) was a Guinean political leader and African statesman who became the first president of Guinea, serving from 1958 until his death in 1984. Touré was among the primary Guinean nationalists involved in gaining independence of the country from France. A devout Muslim from the Mandinka ethnic group, Sékou Touré was the great grandson of the powerful Mandinka Muslim cleric Samori Ture who established an independent Islamic rule in part of West Africa. In 1960, he declared his Democratic Party of Guinea (Parti démocratique de Guinée, PDG) the only legal party in the state, and ruled from then on as a virtual dictator. He was re-elected unopposed to four seven-year terms in the absence of any legal opposition. Under his rule many people were killed, including at the notorious Camp Boiro."

Recorded mintage: unknown.

Specification: 40 g, 0.900 fine gold, 1.157 troy oz AGW.

Catalog reference: Fr-1; KM-20.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • [1]Ira and Larry Goldberg, Goldberg sale 70: The Pre-Long Beach Auction, Los Angeles, CA: Goldberg Coins & Collectibles, 2012.

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