• 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 Great Collections
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 ICG
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
1899-S $1 MS

Buy Now: $1,430.00

1902 $1 MS

Buy Now: $425.00

1896 $1 MS

Buy Now: $210.00

1903-O $1 MS

Buy Now: $1,295.00

Dealer Directory

View All Dealers

Square Deal Coins

Square Deal Coins
 FEATURED

Paul Wright

Middlesex, NC

Rarity7

Rarity7
 FEATURED

Noah Lehmann-Haupt

Corte Madera, CA

Belleair Coins

Belleair Coins
 FEATURED

Chris Arbutine

Largo, FL

Greysheet News

View All News
NCBA-Led Coalition Preserves Colorado Sales-Tax Exemption for Coins and Precious Metals
NCBA-Led Coalition Preserves Colorado Sales-Tax Exemption for Coins and Precious Metals
6/10/2026

Colorado numismatic community mobilizes to defeat repeal effort in HB 26-1289.

pen icon

by National Coin and Bullion Association

Panels Look at 2027 American Innovation Dollar Designs
Panels Look at 2027 American Innovation Dollar Designs
6/10/2026

In April, the Commission of Fine Arts and the Citizens Coinage Advisory Committee considered design proposals for the 2027 American Innovation dollars.

pen icon

by Larry Jewett

National Coin & Bullion Association Coalition Defeats New York Senate Bill S7875
National Coin & Bullion Association Coalition Defeats New York Senate Bill S7875
6/9/2026

Effort Preserves Precious-Metals Sales-Tax Exemption for Investors and Dealers.

pen icon

by National Coin and Bullion Association

Events

View All Events
calendar icon

Wednesday, April 1, 2026

calendar icon

Wednesday, April 1, 2026

calendar icon

Thursday, April 2, 2026