Extreme Banknotes
Libya 5 Piastres 1371 (1951) P-5 VF
Libya 5 Piastres 1371 (1951) P-5 VF
Couldn't load pickup availability
Add a rare and historic piece of North African and Middle Eastern monetary history to your collection with this Libya 5 Piastres banknote dated 1371 (1951), Pick P-5, in Very Fine (VF) condition.
Issued by the Libyan Currency Commission during the reign of Idris I of Libya, this banknote comes from the very first currency system of the newly independent Libya, established in 1951.
This note represents the early years of the United Kingdom of Libya, making it a highly desirable collectible for world paper money collectors, Middle Eastern currency enthusiasts, and African banknote collectors.
Banknote Design
Obverse
The front of the banknote features:
- A classical colonnade (ancient ruins of Cyrene) on the left
- A palm tree on the right
- Arabic inscriptions stating “United Kingdom of Libya” and denomination
These elements reflect Libya’s ancient heritage and natural landscape, combining classical history with national identity.
Reverse
The reverse displays:
- English inscriptions including “UNITED KINGDOM OF LIBYA”
- The denomination “FIVE PIASTRES”
- Elegant guilloché security patterns
The bilingual design highlights Libya’s early efforts to integrate into the global economy while maintaining local identity.
Historical Background
This banknote was issued in 1951, the same year Libya gained independence, making it part of the country’s first national currency system.
The Libyan pound remained in use until 1971, when it was replaced by the Libyan dinar.
Because of its historical importance, this note is especially popular among collectors of:
- Post-colonial African history
- Middle Eastern currency
- Early independence-era banknotes
Interesting Facts About This Banknote
- This note comes from Libya’s first modern currency after independence in 1951.
- The use of both Arabic and English reflects international trade and governance during the monarchy period.
- The design includes ancient Roman ruins (Cyrene), connecting Libya’s modern identity with its classical past.
- The Libyan pound was considered relatively strong in its early years compared to many regional currencies.
Condition – VF (Very Fine)
This banknote is in Very Fine condition, meaning:
- Moderate circulation wear
- Possible folds and handling marks
- Strong paper with clear details and readable text
A solid collectible example of a 1950s Libyan banknote.
Why Collect This Banknote?
- Early post-independence Libyan currency
- Issued under King Idris I
- Features ancient Cyrene ruins and palm tree design
- Bilingual Arabic–English banknote
- Excellent addition to African, Middle Eastern, and world paper money collections
📦 Packaging: Banknote will be placed in a protective collector sleeve for safe shipping.
📜 Authenticity: Genuine banknote issued by the Libyan Currency Commission.
Returns & Guarantee Disclaimer
All sales, returns, and guarantees for this item are governed strictly by our Terms of Service. Please review the full policy here before purchasing. By purchasing, you acknowledge and agree to these terms.
Serial Number Disclaimer
Actual serial numbers on banknotes vary from piece to piece. The serial shown in product photos may not match the banknote you receive, but all items are guaranteed authentic and graded as described.
Contact us
Feel free to reach out to us if You're searching for a specific banknote to add to Your collection or if You have any questions about our products, services, or a previous order - we are here to assist You!
Share
CONDITION GUIDE
Gem Uncirculated
A note that is flawless, with the same freshness, crispness and bright color as when first printed. It
must be perfectly centered, with full margins, and free of any marks, blemishes or traces of handling.
About Uncirculated
A bright, crisp note that appears new but upon close examination shows a trace of very light use, such as a corner fold or faint crease. 'About Uncirculated' is a borderline condition, applied to a note which may not be quite uncirculated, but yet is obviously better than an average Extra Fine note. Such notes command a price only slightly below a new note and are highly desirable.
Extra Fine
A note that shows some faint evidence of circulation, although it will still be bright and retain nearly full crispness. It may have two or three minor folds or creases but no tears or stains and no discolorations.
Very Fine
A note that has been in circulation, but not actively or for long. It still retains some crispness and is still choice enough in its condition to be altogether desirable. It may show folds or creases, or some light smudges from the hands of a past generation. Sometimes, Very Fine notes are the best available in certain rare issues, and they should accordingly be cherished just as much as uncirculated notes.
Fine
A fine note shows evidence of much more circulation, has lost its crispness and very fine detail, and creases are more pronounced, although the note is still not seriously soiled or stained.
SHIPPING
Tracking information will be provided!
Your banknote will be packaged between two sturdy pieces of cardboard to safeguard its condition during transit, guaranteeing it arrives to you exactly as described. Should you have any inquiries, please don't hesitate to reach out - we're here to assist you!