Collection PL

Libya 1971 - Central Bank of Libya 10 Dinars Issued Note (Pick 37a, Without Arabic Inscription)

From a production standpoint, Pick 37a establishes the baseline issued configuration of the 10 Dinars note. The intaglio key plate, portrait relief, underprint geometry, and watermark usage correspond exactly to the final design approved for circulation. This allows later modifications to be studied in isolation, without the complication of concurrent re-engraving or security restructuring. Read more →

Libya 1972 - Central Bank of Libya 10 Dinars Issued Note (Pick 37b, With Arabic Inscription)

When collected alongside Pick 37a, this issue provides a clear, two-step record of how a single denomination evolved during its first years of circulation. The change illustrates how political, legal, and administrative considerations could be incorporated into an established security design without altering its core structure. Read more →

Paraguay 1907 - 100 Pesos with 1912 State Overprint (Pick 134, Base Pick 159)

Exceptional 1907 Banco de la República 100 Pesos, printed by Waterlow & Sons, London, and later revalidated by the Paraguayan state through the bold oval overprint “Emisión del Estado – Ley de 11 de Enero de 1912.” This is the recognized catalogued 1912 state-overprint issue, Pick 134, created on the original 1907 Banco de la República 100 Pesos base type, Pick 159. Unlike the rarer dual-side treasury revalidation variety, this example carries the official state emission overprint on the face only, making it the standard and historically definitive form of the 1912 emergency reissue. Read more →

Paraguay 1907 - Banco de la República 100 Pesos Issued Note (Pick 159)

Issued 1907 Banco de la República 100 Pesos note, cataloged as Pick 159 and printed by Waterlow & Sons, London. This is the original, non-overprinted base type from which the later 1912 emergency state issues were created. In its pure issued form, without the later “Emisión del Estado” overprint or the additional Treasury fiscal validation seen on rarer revalidated examples, the note preserves the full Waterlow design as it was intended before Paraguay’s monetary emergency transformed surviving stocks into provisional state currency. Read more →

Paraguay 1907 - Banco de la República 5 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint (Pick Unlisted, Base Pick 156)

This does not mean that the note was immune from the economic pressure affecting ordinary paper money in Paraguay. Rather, the dual-side overprint shows a more precise and more defensible function. It separated selected, officially reviewed notes from the broader mass of paper obligations and created a stronger chain of public authority. The face overprint asserted state liability under the January 1912 law; the reverse overprint confirmed Treasury review under the May 1912 decree. Together, they created a higher-control instrument than the ordinary single-face overprint issue, cataloged as Pick 127 on the same Pick 156 base type. Read more →

Paraguay 1907 - Banco de la República 5 Pesos with 1912 State Overprint (Pick 127, Base Pick 156)

Choice Uncirculated 1907 Banco de la República 5 Pesos note, printed by Waterlow & Sons, London, and later revalidated as part of Paraguay’s 1912 emergency state emission. The note is cataloged as Pick 127, created by applying the large oval face overprint “Emisión del Estado – Ley de 11 de Enero de 1912” to the original 1907 Banco de la República 5 Pesos base type, Pick 156. This is the standard cataloged 5 Pesos state-overprint issue and the direct counterpart to the larger 100 Pesos Pick 134 overprint on base Pick 159. Read more →

Paraguay 1907 - Banco de la República 5 Pesos Issued Note (Pick 156)

Issued 1907 Banco de la República 5 Pesos note, cataloged as Pick 156 and printed by Waterlow & Sons, London. This is the original, non-overprinted base type from which the later 1912 5 Pesos emergency state-overprint issue was created. In this untouched issued form, without the later “Emisión del Estado” oval stamp and without the additional reverse Treasury validation seen on the dual-side fiscalized variety, the note preserves the full Waterlow & Sons design as Paraguay originally released it under the monetary framework of 1907. Read more →