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Luxembourg 1966 20 Francs issued note Pick 54a Grand Duke Jean PMG 66 EPQ Gem Uncirculated

Luxembourg 1966 - 20 Francs Issued Note (Pick 54a)

The obverse features Grand Duke Jean in formal military attire, engraved in deep intaglio with controlled line density and consistent ink distribution. The portrait is anchored within a structured guilloche framework that balances ornamental complexity with mechanical clarity, ensuring reliable machine processing while preserving a distinctly national visual identity. Subtle color layering and a clearly defined watermark field further reinforce both security and compositional symmetry. Read more →

LuxembourgIssued Note196620 FrancsPMG 66 EPQ Gem Uncirculated Issued Note20 FrancsPick 54aGrand Duke JeanIntaglio engravingGuilloche security patternWatermark portraitDe La Rue printingLuxembourg monetary systemBelgian Luxembourg Economic UnionBanknote production processHistoryLuxembourg1966Pick 54aPMG 66 EPQGem UncirculatedMuseum Grade
Held
Luxembourg 1966 20 Francs specimen Pick 54s with horizontal SPECIMEN overprint and two punch holes PMG 64 Choice Uncirculated

Luxembourg 1966 - 20 Francs Specimen (Pick 54s)

The obverse presents Grand Duke Jean in formal military attire, engraved in precise intaglio with finely controlled line density and consistent ink distribution. The portrait is set within a complex guilloche structure designed to maintain both visual authority and mechanical clarity, reflecting the balance between national identity and functional currency requirements during the period. The multitone background and watermark field are fully developed, matching the issued format in all structural aspects. Read more →

LuxembourgSpecimen196620 FrancsPMG 64 Choice Uncirculated Specimen20 FrancsPick 54sGrand Duke JeanIntaglio engravingGuilloche security patternWatermark portraitDe La Rue printingHorizontal SPECIMEN overprintTwo Punch HolesA000000Luxembourg monetary systemBelgian Luxembourg Economic UnionBanknote production processHistoryLuxembourg1966Pick 54sPick 54aPMG 64Choice UncirculatedMuseum Grade
Held
Luxembourg 1966 20 Francs color trial specimen Pick 54cts with SPECIMEN overprint and punch holes PMG 66 EPQ Gem Uncirculated

Luxembourg 1966 - 20 Francs Color Trial Specimen (Pick 54cts)

The obverse displays Grand Duke Jean in formal military attire, rendered in finely controlled intaglio and surrounded by complex multicolor guilloche structures. Unlike the issued format, this trial emphasizes a more experimental palette, allowing printers to evaluate contrast between portrait, denomination, and background security elements under varying lighting and handling conditions. The interplay of color layers demonstrates how visual hierarchy was refined before standardization. Read more →

LuxembourgColor Trial Specimen196620 FrancsPMG 66 EPQ Gem Uncirculated Color Trial Specimen20 FrancsPick 54ctsGrand Duke JeanIntaglio engravingGuilloche security patternExperimental colorColor evaluationDe La Rue printingSPECIMEN overprintPunch holesA000000Luxembourg monetary systemBelgian Luxembourg Economic UnionBanknote production processHistoryLuxembourg1966Pick 54ctsPick 54aPMG 66 EPQGem UncirculatedMuseum Grade
Held
Luxembourg 1982 20 Francs specimen Pick 54As with multicolor design, horizontal SPECIMEN overprint and single punch hole, PMG 67 EPQ Superb Gem Uncirculated

Luxembourg 1982 - 20 Francs Specimen Unissued Series (Pick 54As)

The obverse features Grand Duke Jean in formal military attire, rendered in sharply defined intaglio engraving consistent with Bradbury Wilkinson’s later production style. Compared to the 1966 De La Rue series, the engraving shows stronger contrast separation and a more controlled integration between portrait and background security elements, reflecting advances in engraving and printing methodology. Read more →

LuxembourgSpecimen198220 FrancsPMG 67 Exceptional Paper Quality Superb Gem Uncirculated Specimen20 FrancsPick 54AsGrand Duke JeanIntaglio engravingGuilloche security patternMulticolor designSingle Punch HoleHorizontal SPECIMEN overprintA000000 099Bradbury Wilkinson and CompanyBradbury WilkinsonBWCLuxembourg monetary systemUnissued 1982 seriesBelgian Luxembourg Economic UnionContingency issueHistoryLuxembourg1982Pick 54AsPick 54aPMG 67 EPQSuperb Gem UncirculatedTop PopMuseum Grade
Held
Poland 1937 Free City of Gdańsk Bank of Danzig 20 Gulden architectural vignette engraved by Bradbury Wilkinson used on Pick 63 banknote

Poland 1937 - Free City of Gdańsk Bank of Danzig 20 Gulden Architectural Vignette Bradbury Wilkinson and Company

Its direct correspondence with the Bank of Danzig 20 Gulden 1937 issue establishes a complete production link between engraved design and finished banknote. As such, it stands as a primary artifact documenting the creation of one of the defining issues of the Free City of Gdańsk’s interwar monetary system. Read more →

PolandVignette1937Not ApplicablePCGS 64 Very Choice New VignetteArchitectural VignetteDie ProofEngraving ProofIntaglio EngravingBradbury Wilkinson and CompanyNew Malden SurreySecurity PrintingBanknote ProductionDesign ElementBank of DanzigFree City of Gdańsk20 GuldenPick 63Linked to Banknote IssueCompanion PiecePolandGdańskInterwar PeriodGdańsk Monetary SystemLeague of Nations EraHistoryPoland1937UnlistedPCGS 64RareMuseum Grade
Held
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 5 Pesos denomination is especially valuable for understanding how the 1912 process operated below the large 100 Pesos level. On the 100 Pesos notes, the gold-related clause referred to ten sealed gold pesos. On this 5 Pesos note, the same system appears in smaller form through the “Cincuenta Centavos Oro Sellado” language. The repeated structure across denominations shows that the 1912 emergency revalidation was not random. It was part of a broader attempt to preserve official monetary order by tying old Banco de la República notes back to their printed gold-referenced value clauses while visibly placing them under state and Treasury control. 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
Held
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
Held
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 design is one of Waterlow & Sons’ most attractive small-denomination Paraguayan productions. The face features a central allegorical female portrait beneath the large Banco de la República title, flanked by ornate 5 Pesos denomination panels and framed by dense black intaglio ornament. Pale blue underprinting spreads across the lower half of the note, giving depth to the security design and separating the red serial number from the engraved black border. The Serie A designation, formal promise-to-pay wording, and engraved signatures reinforce the institutional character of the original issue. 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
Held
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