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

Banknote Book® Price Guide

coin-icon-tr
Values / World Currency / Madagascar / Banque de Madagascar (Bank of Madagascar)

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

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.

 See More See Less
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

Sponsor

shop David Lawrence Rare Coins
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

Sponsor

shop US Coins and Jewelry
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

Sponsor

shop CAC
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

Available on Greysheet Marketplace

View All
1917-D 5c 3 1/2 Legs, FS-901 MS

Auction Ends: 4/28/2026

1934 25c Light Motto, FS-401 MS

Auction Ends: 4/28/2026

1914-D 25c MS

Auction Ends: 4/28/2026

1864 2c Large Motto MS BN

Auction Ends: 4/28/2026

Dealer Directory

View All Dealers

Merrill Coins

Merrill Coins
 FEATURED

Colton Merrill

American Fork, UT

Belleair Coins

Belleair Coins
 FEATURED

Chris Arbutine

Largo, FL

Sullivan Numismatics, Inc

Sullivan Numismatics, Inc
 FEATURED

Jon Sullivan

Land O Lakes , FL

Greysheet News

View All News
Wisconsin Eliminates Exemption Certificate Requirement for Bullion Sales
Wisconsin Eliminates Exemption Certificate Requirement for Bullion Sales
4/27/2026

The National Coin & Bullion Association (NCBA) announces a significant change to Wisconsin's sales- and use-tax treatment of precious-metal bullion that will simplify compliance requirements for dealers, effective March 29, 2026.

pen icon

by National Coin and Bullion Association

Weekly World Mint Coinage: April 23, 2026
Weekly World Mint Coinage: April 23, 2026
4/23/2026

New coins from Japan, Italy, and Malta.

pen icon

by Michael Alexander

From Stellas to Standouts: Heritage's Star-Studded CSNS U.S. Coins Auction Features Elite Rarities
From Stellas to Standouts: Heritage's Star-Studded CSNS U.S. Coins Auction Features Elite Rarities
4/18/2026

All four gold stellas, 1933 Indian eagle and featured collections among highlights at April 29-May 2 event.

pen icon

by Heritage Auctions

Events

View All Events
Map icon

DAVID LAWRENCE RARE COINS

calendar icon

Sunday, February 1, 2026

calendar icon

Sunday, February 1, 2026

calendar icon

Sunday, February 1, 2026