Just a few left in stock! The Overton Bust Half Book, 5th Edition. Special offer.
Banque de Madagascar (Bank of Madagascar) mg

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

Banknote Book® Price Guide

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.
Our Sponsors
Heritage Auctions eBay CAC Great Collections ICG Stacks Bowers Auctions US Coins and Jewelry David Lawrence Rare Coins Whitman
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
$200.00 - $800
Diagonal SPECIMEN perf; 20=1=93; normal s/n
$5,000 - $5,000
No date Sig 1: Dejouany/Saurin Series 1 - 1111 Intro: 1926
$6.00 - $25.00
Sig 2: Dejouany/Chaudun Series 1118 - 3268 Intro: 1937
$6.00 - $25.00
No ovpt; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf
No date Sig 1: Dejouany/Saurin Series 1 - 528 Intro: 1926
$10.00 - $40.00
Sig 2: Dejouany/Chaudun Series 531 - 1630 Intro: 1937
$10.00 - $40.00
Sig 3: Dejouany/Gonon Series 1634 - 2066 Intro: 1948
$10.00 - $40.00
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal SPECIMEN IMPRIMERIE CHAIX perf
Diagonal SPECIMEN perf; no s/n
No date Sig 1: Dejouany/Saurin Series 1 - 156 Intro: 1926
$5.00 - $90.00
Sig 2: Dejouany/Chaudun Series 163 - 743 Intro: 1937
$5.00 - $90.00
Sponsor Heritage Auctions
Sig 3: Dejouany/Gonon Series 756 - 1118 Intro: 1948
$5.00 - $90.00
Diagonal and vertical SPECIMEN perfs; no s/n
Diagonal SPECIMEN IMPRIMERIE CHAIX perf; all-zero s/n
Diagonal SPECIMEN perf; all-zero s/n
Diagonal SPECIMEN perf; no s/n
Oversized paper
No date Sig 1: Dejouany/Saurin Series 1 - 67 Intro: 1926
$30.00 - $475
Sig 2: Dejouany/Chaudun Series 73 - 497 Intro: 1937
$30.00 - $475
Sig 3: Dejouany/Gonon Series 511 - 1187 Intro: 1948
$30.00 - $475
One or multiple SPECIMEN perfs; all-zero s/n
No date Sig 1: Dejouany/Saurin Series 1 - 20 Intro: 1926
$35.00 - $525
Sig 2: Dejouany/Chaudun Series 21 - 1009 Intro: 1937
$35.00 - $525
Sig 3: Dejouany/Gonon Series 1026 - 1422 Intro: 1948
$35.00 - $525
No ovpt; all-zero s/n
Horizontal SPECIMEN perf; all-zero s/n
Sponsor eBay
No date Sig 1: Dejouany/Saurin Series 1 - 4 Intro: 1926
$9,000 - $9,000
Uniface proof without wmk
11-7-1933 Sig 1: Dejouany/Saurin Series 1 - 4
$300 - $1,300
21-12-1939 Sig 2: Dejouany/Chaudun Series 9 - 13
$300 - $1,300
9-9-1942 Series 14 - 26
$300 - $1,300
19-5-1945 Series 27 - 109
$300 - $1,300
15-12-1947 Series 116 - 168
$300 - $1,300
28-12-1948 Sig 3: Dejouany/Gonon Series 170 - 256
$300 - $1,300
Horizontal 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
15 décembre 1941 Sig 4: Séguy/Dupont 18 notes unredeemed (all varieties)
$1,200 - $4,800
Sig 5: Delange/Dupont
$1,200 - $9,700
15 mars 1946 Sig 6: Hénonin/Dupont
$1,200 - $4,800
Diagonal red Spécimen ovpt; 15 décembre 1941; no sig; all-zero s/n
Sponsor CAC
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
Subscribe for complete pricing access Subscribe to View Log In

From the Greysheet Marketplace

Live listings from Greysheet dealers
See all
$1,375.00
1898 $1 MS
1898 $1 MS
Buy Now
$140.00
1904-O $1 MS
1904-O $1 MS
Buy Now
$900.00
1903-O $1 MS
1903-O $1 MS
Buy Now
$360.00
1902 $1 MS
1902 $1 MS
Buy Now
1921 $1 Morgan MS
Buy Now
$2,495.00
1903-O $1 MS
1903-O $1 MS
Buy Now
$1,125.00
1898-S $1 MS
1898-S $1 MS
Buy Now
$395.00
1900-O $1 MS
1900-O $1 MS
Buy Now
$140.00
1904-O $1 MS
1904-O $1 MS
Buy Now
$165.00
1921-D $1 MS
1921-D $1 MS
Buy Now
$1,565.00
1900-O/CC $1 MS
1900-O/CC $1 MS
Buy Now
$995.00
1903-O $1 MS
1903-O $1 MS
Buy Now
$1,385.00
1899-S $1 MS
1899-S $1 MS
Buy Now
$215.00
1904-O $1 MS
1904-O $1 MS
Buy Now
$1,995.00
1899-S $1 MS
1899-S $1 MS
Buy Now

Greysheet News

Weekly World Mint Coinage: October 8, 2026
Weekly World Mint Coinage: October 8, 2026

New coins from Canada, Ireland, and the United Kingdom.

By Michael Alexander 10/8/2026
U.S. Mint Chooses Artist Corps
U.S. Mint Chooses Artist Corps

The United States Mint has selected 37 American artists to participate in its Artistic Infusion Program (AIP) to create and submit new designs for coins and medals.

By Larry Jewett 10/8/2026
October 2026 Greensheet Market Analysis: Collector Grade Notes Strong
October 2026 Greensheet Market Analysis: Collector Grade Notes Strong

We now have the first prices realized dataset for the immense Stack's Bowers Global Showcase auction, and it reveals a market that is moving in two directions at the same time.

By Arthur Friedberg 10/7/2026
See all

Events

Knoxville Coin and Currency Show - TN
Knoxville Coin and Currency Show - TN Location: Rothchild Catering & Conference Center
Saturday, August 1, 2026
Coinacopia - FL
Coinacopia - FL Location: Coinacopia Building
Saturday, August 1, 2026
San Francisco Coin Show - CA
San Francisco Coin Show - CA Location: Fort Mason Gallery 308 Building A
Saturday, August 1, 2026
See all