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The Ghana 10 Cedis 1965 banknote, cataloged as Pick #7s in specimen format, stands as an iconic artifact from the moment Ghana fully embraced a national currency system independent of British colonial monetary standards. Issued by the Bank of Ghana, this note marked a significant departure from the earlier pound and shilling denominations and introduced the cedi and pesewa system as part of a broader drive toward economic sovereignty. As a specimen note, the P#7s example was printed in limited quantities for archival, display, and institutional purposes and features bold red “SPECIMEN” overprints and zeroed serial numbers. This particular note, graded UNC64 by PCGS, is preserved in nearly pristine condition, showcasing vivid color, sharp design detail, and exceptional historical significance.
Ghana’s decision to decimalize its currency in 1965 and adopt the cedi was part of President Kwame Nkrumah’s broader vision of full independence from colonial economic influence. The cedi replaced the Ghanaian pound at a rate of 2.4 cedis to 1 pound, aligning more naturally with a base-10 system and symbolizing a definitive break from British-imposed economic structures. This new 1965 currency series, with the 10 Cedis as one of the high-denomination notes, represented a modern, forward-looking Ghana that sought to reflect African identity and pride in its currency designs.
The obverse of the 10 Cedis note features a commanding left-facing portrait of Kwame Nkrumah, Ghana’s first Prime Minister and President, rendered in finely detailed intaglio. Dressed in traditional Ghanaian kente cloth, Nkrumah’s portrait radiates authority and cultural authenticity, a clear statement of Ghanaian leadership unburdened by colonial imagery. The background is filled with complex guilloché patterns in vibrant orange and red hues, forming a secure and aesthetically engaging design. Above the portrait, the words “BANK OF GHANA” appear prominently, while the lower section contains the denomination “TEN CEDIS” spelled out in both text and large numerals, clearly legible from all viewing angles.
The obverse also includes a diagonal red “SPECIMEN” overprint across the center and serial numbers typically filled with zeros or omitted entirely in specimen issues. Microprint and fine-line detailing enhance the note’s anti-counterfeit measures, and in this UNC64 example, all elements of the design remain crisp and well-registered. There is no evidence of folds or major blemishes; only slight handling or press-to-paper contact, consistent with the UNC64 grade, is present. The overall paper is bright and original, with full margins and excellent embossing that testify to its untouched condition since production.
The reverse side of the note is dedicated to a powerful image symbolizing Ghana’s aspirations in education and modernization. Central to the design is an artistic depiction of the University of Ghana at Legon, the country’s premier higher education institution and a centerpiece of Nkrumah’s development agenda. This image reinforces themes of progress, intellectual independence, and the creation of a skilled national workforce capable of leading Ghana into a modern era. The architectural rendering is surrounded by finely patterned borders and geometric elements, designed to harmonize with the obverse and reinforce the note’s visual unity.
The reverse color palette echoes the obverse with orange, red, and ochre tones, blended in such a way as to create visual depth and warmth. The denomination “10 CEDIS” is clearly printed in all four corners and again across the lower center of the reverse, ensuring quick denomination recognition in daily use. The visual clarity and intricate artistry are preserved in this UNC64 specimen, with no loss of ink or design integrity. The note’s print registration remains tight, and the alignment of both front and back designs is perfectly centered, attesting to the quality of the printing process by Thomas De La Rue, the British security printer responsible for producing Ghana’s 1965 issue.
Specimen notes like this one were produced in limited quantities and sent to central banks, museums, international clearing houses, and government archives for reference and documentation. These pieces often served as test runs or were used in education and training settings to familiarize staff and institutions with new currency issues. Because of their limited nature and non-circulating status, specimen notes were usually better preserved than general circulation notes, and their survival in high grades like UNC64 adds considerable value for collectors. The overprints and zero serial numbers serve to ensure they could not be confused with currency meant for public use.
The historical context of the 1965 cedi launch enhances the appeal of this banknote. By introducing a uniquely Ghanaian currency system, Nkrumah and his administration aimed to foster a sense of economic nationalism and reduce dependence on colonial legacies. The strong presence of local architecture, traditional clothing, and indigenous symbols on the 10 Cedis note reinforces this message and provides a vivid representation of the country’s post-independence ideology. These notes are among the first in Africa to combine African political imagery with modern currency design, setting the stage for other post-colonial nations to follow suit.
Numismatically, the 10 Cedis specimen is a prized acquisition for collectors of African banknotes, post-colonial currencies, or political portraiture. The bold portrait of Nkrumah, detailed intaglio work, and educational symbolism on the reverse make it one of the most culturally expressive banknotes of the 20th century. While regular circulation notes of this type can still be found, specimen versions are far rarer, particularly in such high grades. This PCGS-graded UNC64 example offers a balance of beauty, historical context, and preservation that appeals to both seasoned collectors and academic institutions.
In terms of physical condition, this note has been certified by PCGS as Uncirculated 64, a grade that denotes strong originality, full color, and sharp detail with only the slightest evidence of printer or handling contact visible under close inspection. The note is free from any folds, tears, discoloration, or mounting marks. The paper remains firm and bright, with excellent surface quality and full edges. Housed in a secure PCGS holder, the note is protected from environmental exposure and is suitable for long-term archival preservation or public exhibition.
In conclusion, the Ghana 10 Cedis 1965 P#7s Specimen graded UNC64 by PCGS is a rare and exceptional piece that reflects Ghana’s bold step into economic self-definition. With its elegant design, prominent portrayal of Kwame Nkrumah, and symbolism of national progress, it stands as one of the most important and attractive banknotes of post-colonial Africa. Its high grade and specimen designation ensure its continued appreciation among collectors and historians alike, making it a cornerstone item for any serious African or world banknote collection.