Collection PL

About

Poland’s paper money reflects a nation repeatedly redefining itself through independence, conflict, reform, and renewal. The rebirth of the Polish state after 1918 found its monetary expression in the 1919 złoty issue, printed in London by Waterlow & Sons. The 1 złoty note bearing Tadeusz Kościuszko became the emblem of that moment, a circulating symbol of sovereignty whose well-preserved survivors are today scarce. The 100 złotych Kościuszko note served as a higher working denomination and was subjected to heavy circulation, leaving few examples intact. At the upper end, the imposing 1000 złotych note illustrates the ambition of the early Polish monetary system: fully designed and printed, yet never released into circulation.

The interwar period brought rapid advances in design, engraving, and printing. Banknotes such as the 1936 Dąbrowski 50 złotych represent a mature artistic language that was abruptly interrupted by the outbreak of World War II. Alongside circulation issues, non-circulating material from this era — including remainders and approval-stage prints — preserves production details that are largely absent from worn circulation survivors. These materials form an essential documentary layer within Poland’s numismatic record.

A distinct and technically well-documented chapter emerged with the introduction of the 1994 złoty series, the foundation of Poland’s modern currency. Produced as a tightly defined, one-cycle project and completed before circulation began in 1995, the series was printed jointly by Thomas De La Rue (London) and PWPW (Warsaw). Unlike long-running emissions subject to incremental revisions, the 1994 issue can be reconstructed today as a closed production process, supported by surviving pre-circulation material.

Within this process, the same banknote design existed in several clearly differentiated control forms, each tied to a specific production function. These include unmarked approval notes confirming final design and security features; reference notes bearing red WZÓR overprints (PWPW) or SPECIMEN markings and stamps (TDLR) intended for institutional distribution; and a final archival form permanently invalidated by perforation reading SPECIMEN OF NO VALUE. These forms do not represent collectible “variants” in the modern sense, but successive technical stages documenting the pathway from approval to archival closure.

Standard catalogs record only part of this structure, largely confined to the most visible approval and reference forms. Preserved material demonstrates, however, that the same production logic was applied beyond a single prefix or denomination. The 50 złotych note with AR prefix, documented here as a complete approval–reference–archival sequence, serves as a concrete illustration of this broader pattern. Its role is evidentiary rather than exceptional: it shows how the control framework observed in the reference prefix extends across different production runs within the 1994 emission. A detailed technical breakdown of these production-stage forms is presented in the Spotlight study on the four documented control types of the 1994 issue, which situates these examples within a fully reconstructed production sequence.

Taken together, these episodes — from the 1919 Kościuszko issues and interwar design achievements to the rigorously structured 1994 production process — demonstrate how Polish banknotes function not only as instruments of payment, but as durable records of statehood, design intent, and printing practice. Preserved today in institutional and private archives, they form a continuous narrative in which circulation issues and non-circulating control material are equally essential to understanding Poland’s monetary history.

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Poland 1938 Ministry of Finance 1 Zloty State Ticket, serial IB4039776, with Boleslaw I the Brave portrait, Polish crowned eagle, repeating 1 ZL watermark, and PMG 66 EPQ Gem Uncirculated preservation.

Poland 1938 - Ministry of Finance 1 Zloty State Ticket IB4039776 (Pick 50)

Ministry of Finance 1 Zloty State Ticket dated 1 October 1938 and bearing serial number IB4039776. Issued by the Ministry of Finance of the Republic of Poland, it formed part of the emergency treasury-ticket program introduced to address the shortage of subsidiary coinage during the final days of the Second Polish Republic. The face centers on the authority and historical continuity of the Polish state. ... Read more →

PolandIssued State Ticket19381 ZlotyPMG 66 EPQ Gem Uncirculated Issued State TicketState TicketMinistry of FinanceMinisterstwo Skarbu1 ZlotySerial IB4039776Emergency Coin ReplacementTreasury-Issued Paper MoneySecond Polish RepublicLate Prewar Issue1939 Emergency CirculationSmall-Denomination Paper MoneySubsidiary Coinage SubstituteBoleslaw I the BraveBoleslaw ChrobryPolish Crowned EagleLeonard SowinskiMarian Romuald PolakEugeniusz KwiatkowskiWieslaw DomaniewskiPolish Security Printing WorksPWPWPolska Wytwornia Papierow WartosciowychWarsaw PrintingSecurity Printing HistoryFibrous PaperEmergency Paper StockRepeating 1 ZL WatermarkAs-Made InclusionPolandPoland 1938Second Polish Republic Currency19381939Pick 50Milczak 78bPMG 66 EPQGem UncirculatedMuseum Grade
Held
Poland 1938 1 Zloty specimen H1234567 with red WZOR overprints on both sides and vertical Bez wartosci overprint

Poland 1938 - Ministry of Finance 1 Zloty Specimen with WZÓR and BEZ WARTOŚCI Overprints (Pick 50s)

A specimen of the Ministry of Finance 1 Zloty State Ticket dated 1 October 1938, bearing red diagonal WZÓR overprints on both sides and a vertical BEZ WARTOŚCI overprint on the face. The overprints form the principal visible specimen markings applied across the completed ticket design. The face features King Boleslaw I the Brave within an engraved oval portrait medallion at right. ... Read more →

PolandSpecimen19381 ZlotyPMG 64 SpecimenState TicketMinistry of FinanceMinisterstwo Skarbu1 ZlotySerial H1234567Additional Number H0900000Red WZOR OverprintWZOR Overprint on Both SidesVertical Bez wartosci OverprintEmergency Coin ReplacementTreasury-Issued Paper MoneySmall-Denomination Paper MoneySubsidiary Coinage SubstituteRepeating 1 ZL WatermarkBoleslaw I the BraveBoleslaw ChrobryPolish Crowned EagleLeonard SowinskiMarian Romuald PolakEugeniusz KwiatkowskiWieslaw DomaniewskiPolish Security Printing WorksPWPWPolska Wytwornia Papierow WartosciowychWarsaw PrintingSecurity Printing HistoryPolandPoland 1938Second Polish RepublicSecond Polish Republic CurrencyLate Prewar Issue19381939Pick 50sMilczak 78WaPMG 64Museum Grade
Held
Poland 1919 Bank Polski 1 Zloty specimen, series S.36B, serial 060793 and specimen control number 1893, with red WZÓR and BEZ WARTOŚCI overprints and two vertically arranged circular perforations.

Poland 1919 - Bank Polski 1 Zloty Specimen S.36B 060793 with WZÓR and BEZ WARTOŚCI Overprints (Pick 51s)

Bank Polski 1 Zloty specimen dated 28 February 1919, bearing series S.36B, serial number 060793, and specimen control number 1893. The note carries red WZÓR. and Bez wartości. ... Read more →

PolandSpecimen19191 ZlotyPMG 40 EPQ Extremely Fine SpecimenBank Polski1 ZlotySeries S.36BSerial 060793Specimen Control Number 1893First Zloty IssueWZOR OverprintWZOR Overprint with PeriodBEZ WARTOSCI OverprintRed WZOR Overprint on Both SidesBilateral Specimen Overprint7 mm WZOR LetteringTwo Circular PerforationsVertical Perforation ArrangementPunch-Cancelled SpecimenSpecimen Control SystemTadeusz KosciuszkoKosciuszko PortraitGrabski Currency ReformPolish Monetary ReformRestoration of the ZlotyPost-Independence CurrencyImprimerie Benoit ArnaudIMP BenoitBenoit ArnaudLyon PrintingFrench Security PrintingSecurity Printing HistoryEngraved BanknoteGuilloche DesignPolandPoland 1919Second Polish RepublicSecond Polish Republic Currency19191924Pick 51sMilczak 47WcPMG 40 EPQMuseum Grade
Held
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