20 Francs / 4 Ariary FAO

Features

Issuer	Madagascar
Period	First Republic (1958-1975) Second Republic (1975-1992)
Type	Standard circulation coins
Years	1970-1989
Value	20 Francs = 4 Ariary 4 MGF = USD 0.00096
Currency	Franc (1963-2004)
Composition	Aluminium bronze (92% Copper, 6% Aluminium, 2% Nickel)
Weight	6 g
Diameter	24.5 mm
Thickness	1.5 mm
Shape	Round
Technique	Milled
Orientation	Coin alignment ↑↓
Number	N# 1852
References	KM# 12 Standard Catalog of World Coins (86 volumes). , Schön# 12 Battenberg Gietl Verlag (publisher). Weltmünzkatalog. Battenberg Gietl Verlag, Regenstauf, Bavaria, Germany (4 volumes).

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Obverse

Cotton plant

Script: Latin

Lettering:
FAMOAHAMBOLAN' NY REPOBLIKA MALAGASY
1970

Translation: Institute of issuance of the Madagascan Republic

Engraver: B. Ramjato

Reverse

Value within horns of Zebu head above sprigs and marks

Script: Latin

Lettering:
20
FRANCS
ARIARY EFATRA

Translation: Four Ariary

Engraver: Raymond Joly

Edge

Plain

Mints

	Monnaie de Paris, Paris (and Pessac starting 1973), France (864-date)
	Monnaie de Paris, Paris (and Pessac starting 1973), France (864-date)
	Royal Canadian Mint of Winnipeg, Canada (1976-date)

Marks

	Raymond Joly, General coin engraver, Monnaie de Paris (1958-1974)
	Émile Rousseau, General coin engraver, Monnaie de Paris (1974-1994)

Present in sets

1971 Madagascar FDC Set

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Date	Mintage	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
1970	4 000 000		$ 0.93	$ 1.70	$ 2.00	$ 2.50	$ 3.20	Also issued in set for the 10th anniversary of independance.	41%
1971	6 000 000	$ 0.46	$ 0.79	$ 1.40	$ 1.40	$ 1.40	$ 1.40		25%
1972	2 000 000			$ 1.90					7%
1973	3 000 000								0.6%
1974									0.6%
1975									0.6%
1976	2 700 000								0.8%
1977	600 000								2%
1978				$ 1.00					6%
1979	1 600 000			$ 1.80					4%
1980	1 600 000		$ 0.35	$ 2.30					5%
1981	2 200 000			$ 2.30					5%
1982	1 800 000			$ 1.20					6%
1983	2 400 000			$ 2.30					5%
1984	1 200 000			$ 2.50					3%
1986	2 400 000			$ 2.30					7%
1987	1 200 000			$ 1.20					4%
1988	1 200 000			$ 1.20					5%
1989			$ 0.93	$ 1.70	$ 2.20	$ 2.20	$ 2.70	Winnipeg Mint	30%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 194 Lot 1847	15 May 2026	1970 – Also issued in set for the 10th anniversary of independance.	UNC	USD 5.79 (EUR 5.00) (+ buyer's premium)
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