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Paraguay 1907 Banco de la República 5 Pesos with 1912 dual-side state and Treasury revalidation overprint, Pick Unlisted, base Pick 156, showing Emisión del Estado on the face and Departamento de Hacienda Junta Fiscalizadora Cincuenta Centavos Oro Sellado validation on the reverse, printed by Waterlow & Sons, London, raw uncirculated

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

The reverse is equally important. Its brown ornamental design, large denomination medallions, and central national emblem were originally intended as a decorative and security framework. The 1912 Treasury overprint changes the function of that reverse. It turns the back of the note into an official fiscal record, carrying the authority of the Departamento de Hacienda, the Junta Fiscalizadora, the gold-value clause, and the May 1912 decree. For this dual-side variety, the reverse is not secondary. It is the key to the note’s administrative meaning. Read more →

ParaguayDual-Side Overprint Issue19075 PesosUncirculated Dual-Side Overprint Issue5 PesosPick UnlistedPick 156Base Pick 156OverprintState OverprintTreasury OverprintDual-Side OverprintFace OverprintReverse OverprintProvisionalEmergency State IssueFiscal RevalidationTreasury RevalidationGovernment RevalidationWaterlow & SonsWaterlow & Sons LondonBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Departamento de HaciendaJunta FiscalizadoraConforme Decreto de 20 de Mayo 1912Moneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintReverse Treasury ValidationGuilloché Security DesignIntaglio PrintingParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityTreasury VerificationCurrency RevalidationPublic Finance HistoryHistoryParaguayRepublic of Paraguay19071912UncirculatedMuseum GradeR9 Extremely Rare
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Paraguay 1907 Banco de la República 5 Pesos with 1912 Emisión del Estado state overprint on the face, Pick 127, base Pick 156, printed by Waterlow & Sons, London, PMG 64 Choice Uncirculated

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

The base design is a refined Waterlow & Sons production. The face combines black intaglio engraving, pale blue underprinting, large 5 Pesos denomination devices, a red serial number, and a dense guilloché security field. The Gothic-style Banco de la República lettering gives the note a strong institutional character, while the national emblem at center provides the ideal location for the later state overprint. The reverse, printed in brown, uses large denomination medallions, guilloché rosettes, and the national emblem to create a balanced and technically sophisticated security design. Read more →

ParaguayOverprint Issue19075 PesosPMG 64 Choice Uncirculated Overprint Issue5 PesosPick 127Pick 156Base Pick 156State OverprintSingle-Side OverprintFace OverprintProvisionalEmergency State IssueFiscal RevalidationGovernment RevalidationWaterlow & SonsWaterlow & Sons LondonBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Moneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintGuilloché Security DesignIntaglio PrintingBlue UnderprintBrown ReverseNational EmblemParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityCurrency RevalidationPublic Finance HistoryHistoryParaguayRepublic of Paraguay19071912PMG 64Choice UncirculatedMuseum GradeR7 Extremely Rare
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Paraguay 1907 Banco de la República 5 Pesos issued note, Pick 156, original non-overprinted base type later used for the 1912 state overprint Pick 127 and the dual-side Treasury revalidation variety, printed by Waterlow & Sons, London, with 5 watermark and Moneda Nacional ó Cincuenta Centavos Oro Sellado clause, PMG 65 EPQ Gem Uncirculated

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

The reverse, printed in brown, is built around a balanced arrangement of large denomination medallions and the national emblem of Paraguay. The central arms, wreath, and star are surrounded by fine guilloché work and ornamental rosettes, with the Waterlow & Sons imprint placed along the lower design. This reverse becomes especially important when compared with the dual-side revalidated variety, because the later Treasury overprint was placed directly over this brown security design. On the present issued note, the reverse remains undisturbed, showing the original artwork before it was converted into a fiscal validation surface. Read more →

ParaguayIssued Note19075 PesosPMG 65 EPQ Gem Uncirculated Issued Note5 PesosPick 156Banco de la RepúblicaBase TypeNon-Overprinted IssueOriginal IssueSeries ARed Serial NumberWaterlow & SonsWaterlow & Sons London5 WatermarkWatermark 5Allegorical PortraitFemale PortraitGuilloché Security DesignIntaglio PrintingBlue UnderprintBrown ReverseNational EmblemLarge Denomination PanelsMoneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseHalf Peso OroBase for 1912 State OverprintBase for Pick 127Base for Dual-Side Treasury RevalidationParaguayan Monetary HistorySouth American Monetary HistoryEarly 20th Century FinancePre-1912 Emergency IssueReference TypeCurrency Reform ContextHistoryParaguayRepublic of Paraguay19071912PMG 65 EPQGem UncirculatedExceptional Paper QualityMuseum GradeR7 Extremely Rare
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China 1949 People's Bank of China 100 Yuan Red Ship unnumbered multi-layer alignment trial printed by the Shanghai Banknote Printing Plant, with oversized sheet margin, printer guide marks, no serial number, inverted 1948 100 Yuan Ploughing and Factory underprint beneath the face design, and blue 100-denomination underprint visible beneath the reverse, cataloged as Pick Unlisted

China 1949 - People's Bank of China 100 Yuan Red Ship Unnumbered Multi-Layer Alignment Trial with Inverted 1948 100 Yuan Underprint (Pick Unlisted)

The margin marks provide further evidence of the printing sequence. The face preserves red and orange registration marks corresponding to the Red Ship face colors. The reverse shows red, yellow-brown, and blue marks corresponding to the reverse printing and the exposed blue underlayer. Read more →

ChinaAlignment Trial1949100 YuanUngraded Alignment TrialProduction TrialUnnumbered Alignment TrialMulti-layer Alignment TrialPre-numbering Trial ImpressionSheet-margin Trial ImpressionPrinting ErrorAlignment Error1948 100 Yuan Underprint1948 100 Yuan Ploughing and Factory UnderprintInverted 1948 100 Yuan UnderprintInverted Ploughing and Factory Underprint1948 100 Yuan Reverse UnderprintBlue 100 Yuan UnderprintBlue 100-denomination UnderprintBlue Security Underprint100 Yuan Security UnderprintDisplaced 1948 100 Yuan UnderprintDisplaced Blue 100 Yuan UnderprintDisplaced Production PrintingProduction-stage Printing AnomalyLower Margin PrintingNo Serial NumberPick Unlisted100 YuanRed ShipPloughing and FactoryCargo VesselIndustrial HarborOversized Sheet MarginPrinter Guide MarksFirst Series RenminbiShanghai Banknote Printing PlantBanknote PrintingProduction-stage MaterialPrinting AlignmentBackground Impression AlignmentSecurity Printing LayerColor Registration MarksUntrimmed Sheet MarginPre-numbering StagePeople's Bank of ChinaChinese Monetary HistoryEarly People's Republic of ChinaRenminbi Monetary ConsolidationPostwar ChinaSecurity Printing HistoryPublic Finance HistoryHistoryChina19491948Pick number 831bPick number 807aUniqueMuseum GradeR9 Extremely Rare
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Great Britain 1922 Thomas Cook and Son 5 Pounds Travellers Cheque specimen printed in brown with red specimen and cancellation markings, portrait vignette, large denomination devices, and reverse payment text for Thomas Cook and Son Bankers Limited.

Great Britain 1922 - Thomas Cook and Son 5 Pounds Travellers Cheque Specimen (Pick Unlisted)

Specimen of the 5 Pounds Travellers Cheque prepared for Thomas Cook and Son during the early 1920s, representing the finished specimen-stage form of one of the most recognizable private travel-payment instruments of the interwar period. Printed in a rich brown security design and marked with red specimen and cancellation wording, this cheque preserves the operational format used by Thomas Cook and Son for secure international travel finance after the First World War. Read more →

Great BritainSpecimen19225 PoundsUncirculated SpecimenTravellers ChequeTravelers Check5 PoundsPrivate IssueSpecimen CancelledPrinted ReverseSignature Verification InstrumentThomas Cook and SonThomas Cook and Son Bankers LimitedInternational Travel FinancePrivate Payment InstrumentsEarly Travellers Cheque SystemEarly Travelers Check SystemSecurity PrintingSpecimen Presentation FormProof and Specimen PairGlobal Payment SystemsGreat BritainGreat Britain 19221922Pick UnlistedR9 Extremely RareDiscovery-Level SpecimenMuseum Grade
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Great Britain 1919 Thomas Cook and Son 5 Pounds Circular Note photographic proof mounted on cardstock, dated 24 April 1919, with brown security-printing design, large denomination devices, portrait vignette, payment wording, and Thomas Cook and Son title.

Great Britain 1919 - Thomas Cook and Son 5 Pounds Circular Note Photographic Proof (Pick Unlisted)

The design is printed in a warm brown photographic tone and shows a highly developed Thomas Cook and Son composition built around secure international payment rather than ordinary circulation. The face carries the large Thomas Cook and Son title, prominent 5 Pounds denomination devices, layered guilloche ornament, a central payment panel, engraved signature areas, and a right-side female portrait vignette. That portrait device is especially important because it continues into the later 5 Pounds traveller-payment design, appearing again on both the 1922 photographic proof and the matching specimen. The wording identifies the instrument as a circular note, a controlled payment document presented through banking and correspondent channels. Read more →

Great BritainPhotographic Proof19195 PoundsPCGS 63 Choice New Photographic ProofCircular Note5 PoundsPrivate IssuePre Issue Production ProofMounted on CardstockSignature Verification InstrumentSecurity Printing ProofThomas Cook and SonBradbury Wilkinson and CompanyInternational Travel FinancePrivate Payment InstrumentsCircular Note HistoryGlobal Payment SystemsPost First World War FinanceSecurity PrintingDesign Verification ArtifactProofing ProcessPhotographic Design ReviewProduction Review ProofGreat BritainGreat Britain 1919191924 April 1919Pick UnlistedR9 Extremely RareDiscovery-Level Photographic ProofUniqueMuseum Grade
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Uruguay 1883 Banco de Londres y Rio de la Plata 10 Pesos specimen Pick S242s, Bradbury Wilkinson & Co., separate control number 345501, number 370500 repeated on counterfoil and principal note, retained counterfoil, perforated SPECIMEN BW & Co LONDON, Christopher Columbus portrait, child vignette, ornate brown-red reverse with opposing classical female profiles, PMG 64 EPQ Top Pop

Uruguay 1883 - Banco de Londres y Rio de la Plata 10 Pesos Specimen (Pick S242s)

The reverse is printed in a restrained brown-red palette and built around two opposing classical female profile medallions within an elaborate symmetrical guilloche framework. Numerous repeated 10 and DIEZ denomination devices are incorporated into circular ornaments, corner values, borders, and interlocking security structures. The two profile vignettes face inward toward the center of the composition, producing a balanced bilateral design surrounded by exceptionally dense ornamental engraving. A broad unprinted margin remains at the right, corresponding with the retained counterfoil area of the specimen format. The SPECIMEN BW & Co LONDON perforation passes through the paper and remains visible from the reverse. Read more →

UruguaySpecimen188310 PesosPMG 64 EPQ Choice Uncirculated (Top Pop) Specimen10 PesosDiez PesosDiez Pesos NacionalesPrivate BanknotePrivate IssueNumbered SpecimenTwo Number Production ControlProduction Control NumberingNumber 345501Number 370500Repeated Number 370500Three Position NumberingCounterfoil NumberingPrinter Control NumberBradbury Wilkinson Production ControlPerforated SPECIMEN BW & Co LONDONSPECIMEN BW & Co LONDONPin Perforated SpecimenSpecimen CancellationRetained CounterfoilFull CounterfoilMulticolor Security PrintingBradbury WilkinsonBWCPick S242sBanco de Londres y Rio de la PlataBanco de Londres y Río de la PlataMontevideoMoneda Nacional en Oro SelladoLaw of 23 June 1862Pagaremos al Portador y a la VistaUruguay Banking HistoryUruguay Private Banknote EraPrivate Banknote EraNineteenth Century BankingSouth American Banking HistorySouth American NumismaticsBritish Banking in South AmericaSecurity Printing HistoryBritish Security PrintingInternational Banknote PrintingHistoryChristopher Columbus PortraitChild VignetteClassical Female PortraitsDual Portrait ReverseGuilloche Security DesignOrnamental Security DesignDenomination Security DevicesEngraved BanknotePrinter Control SpecimenCounterfoil Control FormatNineteenth Century Security PrintingUruguay18831 January 18831 de Enero 1883PMG 64 EPQChoice UncirculatedTop PopPMG Top PopPopulation 1 at GradeNone HigherMuseum GradeR8 Extremely Rare
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Argentina 1867 Oxandaburu y Garvino 20 Pesos Bolivianos remainder, Pick S1778r, serial 008371, GARVINO misspelling, gaucho social vignette, red and green printing and fully printed reverse

Argentina 1867 - Banco Oxandaburu y Garvino 20 Pesos Bolivianos Remainder (Pick S1778r)

The reverse is fully printed in a restrained brown tone. A large central 20 is enclosed by ornamental structures, with VEINTE PESOS extending horizontally through the middle and OXANDABURU Y GARVINO and GUALEGUAYCHU incorporated into the surrounding design. Additional 20 counters occupy the corners, creating a symmetrical denomination-focused reverse built from typography, numerical devices, ornamental framing, and fine patterned security work. Read more →

ArgentinaRemainder186720 Pesos BolivianosUncirculated Remainder20 Pesos BolivianosPick S1778rSerial 008371Unsigned RemainderTwo Sided BanknotePrinted ReverseOxandaburu y GarvinoBanco Oxandaburu y GarvinoOxandaburu y GarbinoDomingo Luis GarbinoGarvino MisspellingGarbino Name ErrorMisspelled Bank Name1867 Partnership IssueLitografia San MartinBuenos Aires PrintingArgentine Security PrintingLocal Banknote PrintingLithographic BanknoteMulticolor PrintingRed and Green PrintingGaucho VignetteRural Social VignettePesos BolivianosBolivian Peso DenominationBolivian SilverPrivate BanknoteProvincial BankingArgentine Private Banking19th Century BankingMonetary HistoryLatin American NumismaticsArgentinaEntre RiosGualeguaychuBuenos Aires1867UncirculatedMuseum Grade
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