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Uruguay 1887 Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Pick A88a issued note serial A029393 with hand applied signatures and Mercury vignette

Uruguay 1887 - Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Issued Note Serial A029393 (Pick A88a)

The obverse presents the seated Mercury allegory at left, symbolizing commerce and circulation, rendered in refined intaglio engraving typical of Waterlow export contracts. At right, the national coat of arms asserts sovereign authority within an ornate guilloche frame. The layered green and black linework demonstrates late Victorian security printing discipline, combining ornamental density with clear denomination hierarchy. Read more →

UruguayIssued Note188720 CentesimosVF (PMG 20 est.) Issued Note20 CentesimosSerial A029393Hand SignedMercury AllegoryGreen Guilloche ReverseWaterlow and SonsBanco Nacional de la Republica Oriental del UruguayLey 25 de Agosto de 1887Uruguay Monetary ReformLate 19th Century BankingUruguay1887Pick A88aMuseum Grade
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Uruguay 1887 Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Pick A88a issued note serial A053441 with hand applied signatures and Mercury vignette

Uruguay 1887 - Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Issued Note Serial A053441 (Pick A88a)

Serial A053441 remains within the A-prefix distribution associated with the hand-signed phase of production. The signatures of Vittone, Bugliam, and Gimenez are individually executed in ink. Variations in stroke weight, pressure, and alignment confirm manual application, distinguishing this classification from the later mechanically reproduced A88c variety. Read more →

UruguayIssued Note188720 CentesimosVF to VF Plus (PMG 20 to 25 estimated) Issued Note20 CentesimosSerial A053441Hand SignedMercury AllegoryGreen Guilloche ReverseWaterlow and SonsBanco Nacional de la Republica Oriental del UruguayLey 25 de Agosto de 1887Uruguay Metallic Standard EraUruguay1887Pick A88aMuseum Grade
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Uruguay 1887 Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Pick A88c issued note serial K078922 with mechanically printed signatures and Mercury vignette

Uruguay 1887 - Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Issued Note Serial K078922 (Pick A88c)

The Banco Nacional functioned as a principal national banking authority in late nineteenth century Uruguay, issuing notes convertible within a metallic-based monetary structure. The 20 Centesimos denomination formed the fractional tier of the 1887 emission, facilitating small commercial transactions while retaining the same high level of engraved security sophistication applied to higher denominations. Read more →

UruguayIssued Note188720 CentesimosVF (PMG 20 est.) Issued Note20 CentesimosSerial K078922Printed SignaturesMercury AllegoryGreen Guilloche ReverseWaterlow and SonsBanco Nacional de la Republica Oriental del UruguayLey 25 de Agosto de 1887Uruguay Metallic Standard EraUruguay1887Pick A88cMuseum Grade
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Uruguay 1887 Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Pick A88c issued note serial J016899 with red PAYSANDO branch overprint

Uruguay 1887 - Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Paysando Branch Overprint Serial J016899 (Pick A88c)

The Banco Nacional operated a centralized emission system with subsequent provincial distribution through regional branches. Branch overprints functioned as administrative control markings identifying notes allocated to specific provincial offices for circulation and accounting. The overprint on this example reads PAYSANDO, reflecting the contemporary nineteenth century spelling of the city today known as Paysandu. Read more →

UruguayIssued Note188720 CentesimosVF to VF Plus (PMG 20 to 25 estimated) Issued Note20 CentesimosSerial J016899Printed SignaturesPaysando Branch OverprintRed OverprintMercury AllegoryGreen Guilloche ReverseWaterlow and SonsBanco Nacional de la Republica Oriental del UruguayProvincial Branch DistributionLey 25 de Agosto de 1887Uruguay Metallic Standard EraUruguay1887Pick A88cMuseum Grade
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Uruguay 1887 Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos Pick A88c issued note serial H092503 with red CANELONES branch overprint

Uruguay 1887 - Banco Nacional de la Republica Oriental del Uruguay 20 Centesimos CANELONES Branch Overprint Serial H092503 (Pick A88c)

This 20 Centesimos note was issued by the Banco Nacional de la Republica Oriental del Uruguay under the monetary framework dated 25 de Agosto de 1887 and printed in London by Waterlow and Sons. The base note corresponds to the mechanically signed production phase classified as Pick A88c. It bears an additional red CANELONES branch overprint applied after central issuance. Read more →

UruguayIssued Note188720 CentesimosFine to Very Fine (PMG 15 to 20 estimated) Issued Note20 CentesimosSerial H092503Printed SignaturesCANELONES Branch OverprintRed OverprintMercury AllegoryGreen Guilloche ReverseWaterlow and SonsBanco Nacional de la Republica Oriental del UruguayProvincial Branch DistributionLey 25 de Agosto de 1887Uruguay Metallic Standard EraUruguay1887Pick A88cMuseum Grade
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Photographic transparency essay showing the Maenad engraving prepared for the 1996 North Macedonia 5000 Denari banknote

North Macedonia 1996 - 5000 Denari Photographic Transparency Essay (Maenad Vignette)

In modern security printing, photographic transparencies were produced after the engraver completed the steel die but before the design was transferred to printing plates. High-contrast film positives were contact-made directly from the engraved source to capture the line structure of the vignette in its pure form. These transparencies allowed designers, engravers, and production engineers to examine every engraved stroke at full scale, confirming tonal balance, line density, and compositional clarity before color separation, plate transfer, and press calibration began. Read more →

North MacedoniaPhotographic Proof19965000 DenariPCGS 63 Choice New Photographic ProofEssayPhotographic TransparencyPre-Press ProofEngraving Stage ProofMaenadMaenad VignetteBanknote EngravingSecurity Printing ProcessDe La RueBanknote Production WorkflowPre-Press MaterialsBanknote Design DevelopmentNorth Macedonia19965000 DenariPCGS 63Choice NewMuseum Grade
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North Macedonia 1996 5000 Denari De La Rue specimen with red SPECIMEN overprint, oval De La Rue NO VALUE stamp, EA0000000 control serial and specimen number 006

North Macedonia 1996 - 5000 Denari Specimen Maenad EA0000000 No. 006 (Pick 19s)

Specimen notes such as this document the final approved configuration of the banknote before circulation release. They record the exact engraving, color register, watermark placement, and security architecture delivered by the printer to the issuing authority. Within the documented production sequence of the 5000 Denari denomination, the specimen stage bridges the earlier engraving and photographic proof materials with the fully issued notes that entered circulation. Read more →

North MacedoniaSpecimen with Red Overprint & Oval Stamp19965000 DenariPMG 64 Choice Uncirculated SpecimenRed SPECIMEN OverprintOval De La Rue NO VALUE StampTwin Punch CancelsPrinter SpecimenDe La RueSecurity PrintingPrinter Verification CopyEA0000000 Specimen SerialSpecimen Tracking NumberMaenadMaenad WatermarkClassical Macedonian SculptureNorth Macedonia19965000 DenariPick 19sPMG 64Choice UncirculatedMuseum Grade
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North Macedonia 1996 5000 Denari issued banknote EA5464675 featuring the Maened vignette, graded PMG 66 EPQ

North Macedonia 1996 - 5000 Denari Issued Note EA5464675 Maened (Pick 19a)

The dominant design element of the denomination is the Maenad figure, derived from an ancient bronze sculpture discovered in the archaeological complex of Heraclea Lyncestis. The sculpture depicts a dancer in motion and has become one of the most recognizable symbols of classical Macedonian art. In the banknote design the figure functions both as a cultural emblem and as a structural anchor for the engraving, occupying the central field in a large intaglio vignette whose dynamic posture creates visual movement across the note’s horizontal layout. Read more →

North MacedoniaIssued Note19965000 DenariPMG 66 EPQ Issued NoteMaenedMaened WatermarkDe La RueSecurity PrintingIntaglio EngravingMicrotextSecurity ThreadSee-Through RegisterNorth Macedonia19965000 DenariPick 19aPMG 66 EPQGem UncirculatedMuseum Grade
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Engraved vignette die proof of the Golden Mask motif used on the 1996 North Macedonia 500 Denari banknote

North Macedonia 1996 - 500 Denari Vignette Die Proof (Golden Death Mask)

The subject of the engraving is the Golden Mask discovered at the archaeological site of Trebeništa near Ohrid, dating to the 6th century BCE. The funerary mask is one of the most important artifacts associated with the ancient cultures of the Macedonian region. By selecting this object as the central motif for the 500 Denari denomination, the National Bank of the Republic of Macedonia anchored the modern currency of the newly independent state in the deep archaeological heritage of the region. Read more →

North MacedoniaVignette1996500 DenariPCGS 64 PPQ Very Choice New VignetteDie ProofVignette Die ProofGolden Death MaskGolden Mask of TrebenishtaBanknote EngravingEngraving Approval StagePre-Press ProofSecurity PrintingBanknote Production WorkflowDe La RueDe La Rue Engraving DepartmentNorth Macedonia1996500 DenariPick 17aPCGS 64 PPQVery Choice NewMuseum Grade
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North Macedonia 1996 500 Denari specimen with red SPECIMEN overprint, De La Rue NO VALUE stamp, GA0000000 control serial and specimen number 006

North Macedonia 1996 - 500 Denari Specimen Golden Death Mask GA0000000 No. 006 (Pick 17s)

The note displays the full set of Thomas De La Rue & Company specimen control devices. A bold red diagonal SPECIMEN overprint crosses the face of the note, accompanied by the oval printer control stamp reading “DE LA RUE & CO LTD / NO VALUE.” Two punch cancellations are applied in the signature area to prevent circulation while leaving the printed design clearly visible for inspection. These markings identify the note as a controlled reference example rather than a circulating instrument. Read more →

North MacedoniaSpecimen with Red Overprint & Oval Stamp1996500 DenariPMG 64 Choice Uncirculated SpecimenRed SPECIMEN OverprintOval De La Rue NO VALUE StampTwin Punch CancelsPrinter SpecimenGolden Death MaskGolden Mask of TrebenishtaWatermarkSecurity PrintingDe La RuePrinter Verification CopySpecimen Control SerialSpecimen Tracking NumberNorth Macedonia1996500 DenariPick 17sPMG 64Choice UncirculatedMuseum Grade
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1996 North Macedonia 500 Denari issued banknote GB2531560 featuring the Golden Death Mask motif, graded PMG 66 EPQ

North Macedonia 1996 - 500 Denari Issued Note GB2531560 Golden Death Mask (Pick 17a)

The dominant element of the design is the so-called Golden Death Mask discovered at the archaeological site of Trebeništa near Ohrid, dating to the 6th century BCE. The funerary mask is one of the most important artifacts associated with the ancient cultures of the Macedonian region. Its stylized facial features translate effectively into engraved linework and form the central vignette of the denomination, connecting the modern currency with the deep archaeological heritage of the region. Read more →

North MacedoniaIssued Note1996500 DenariPMG 66 EPQ Issued NoteGolden Death MaskGolden Mask of TrebenishtaArchaeological HeritageBanknote EngravingDe La RueSecurity PrintingIntaglio EngravingOffset PrintingSecurity ThreadMicrotextSee-Through RegisterGuilloche PatternsWatermarkNorth Macedonia1996500 DenariPick 17aPMG 66 EPQGem UncirculatedMuseum Grade
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2003 North Macedonia 500 Denari issued banknote DA8148021 featuring the Golden Death Mask motif, graded PMG 67 EPQ

North Macedonia 2003 - 500 Denari Issued Note DA8148021 Golden Death Mask (Pick 21a)

Additional security devices integrated into the note include the Golden Mask watermark, a metallic security thread embedded within the paper substrate, microprinted inscriptions, a see-through register alignment element, and complex guilloche structures designed to resist photographic or digital reproduction. Together these features reflect the security printing standards applied to Macedonian currency in the late 1990s and early 2000s. Read more →

North MacedoniaIssued Note2003500 DenariPMG 67 EPQ Issued NoteGolden Death MaskGolden Mask of TrebenishtaArchaeological HeritageBanknote EngravingDe La RueSecurity PrintingIntaglio EngravingOffset PrintingSecurity ThreadMicrotextSee-Through RegisterGuilloche PatternsWatermarkNorth Macedonia2003500 DenariPick 21aPMG 67 EPQSuperb Gem UncirculatedMuseum Grade
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