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Paraguay 1907 100 Pesos Banco de la República note with 1912 Emisión del Estado state overprint on the face, Pick 134, base Pick 159, printed by Waterlow & Sons, London, PMG 65 EPQ Gem Uncirculated Top Pop

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

The face design remains one of the most impressive Waterlow & Sons productions for Paraguay. A broad yellow-green tint field supports a dense black intaglio framework, with large corner denomination panels, elaborate guilloché work, floral and scroll ornaments, and a central architectural vignette of the Banco de la República building. The red serial number, large Series A panel, and engraved promise-to-pay text are all preserved beneath the heavy black state overprint. The overprint itself crosses the national emblem and central vignette with striking authority, making the political intervention visually inseparable from the original banknote design. Read more →

ParaguayOverprint Issue1907100 PesosPMG 65 EPQ Gem Uncirculated (Top Pop) Overprint Issue100 PesosPick 134Pick 159Base Pick 159State OverprintSingle-Side OverprintFace OverprintProvisionalEmergency State IssueFiscal RevalidationGovernment RevalidationWaterlow & SonsBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Moneda NacionalDiez Pesos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintArchitectural VignetteGuilloché Security DesignParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityCurrency RevalidationParaguayRepublic of Paraguay19071912PMG 65 EPQGem UncirculatedTop PopMuseum GradeR7 Extremely RareHistory
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Paraguay 1907 Banco de la República 100 Pesos issued note, Pick 159, non-overprinted base type later used for the 1912 state overprint issues, printed by Waterlow & Sons, London, with 100 watermark and Moneda Nacional ó Diez Pesos Oro Sellado clause, PMG 66 EPQ Gem Uncirculated

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

The design is a strong example of Waterlow & Sons security engraving for South America in the early twentieth century. The face combines a yellow-green tint field with dense black intaglio work, broad ornamental side panels, large corner denomination tablets, and a central architectural vignette of the Banco de la República building. The engraved promise-to-pay wording, red serial number, Series A panel, and formal signature arrangement give the note a deeply institutional character. The reverse, built around elaborate guilloché rosettes, large denomination panels, and the national emblem, displays the same technical precision and decorative density that made Waterlow issues widely respected across Latin America. Read more →

ParaguayIssued Note1907100 PesosPMG 66 EPQ Gem Uncirculated Issued Note100 PesosPick 159Banco de la RepúblicaBase TypeNon-Overprinted IssueOriginal IssueSeries ARed Serial NumberWaterlow & SonsWaterlow & Sons London100 WatermarkWmk 100Architectural VignetteBanco de la República BuildingGuilloché Security DesignIntaglio PrintingYellow-Green TintBlack EngravingLarge Denomination PanelsMoneda NacionalDiez Pesos Oro SelladoGold-Value ClauseTen Sealed Gold PesosBase for 1912 State OverprintBase for Pick 134Base for Dual-Side Treasury RevalidationParaguayan Monetary HistorySouth American Monetary HistoryEarly 20th Century FinancePre-1912 Emergency IssueReference TypeCurrency Reform ContextHistoryParaguayRepublic of Paraguay19071912PMG 66 EPQGem UncirculatedMuseum Grade
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Poland 1988 50 Złotych banknote prefix HK6400358 missing date and signatures of Prezes and Główny Skarbnik due to typographic printing omission

Poland 1988 - 50 Zlotych Prefix HK Missing Signatures Date Print Error Issued Note (Pick 142c)

Production of these notes involved multiple sequential printing stages. First a multicolor offset background and security pattern were applied, followed by intaglio engraving for the portrait and main denomination elements. Serial numbers were then printed in red, after which a separate typographic pass added the date line and official signatures. The present error indicates that the sheet either skipped the final typographic stage or passed through the press with an uninked plate, leaving the signature panel blank while all other printing layers remain complete. Read more →

PolandIssued Note Error (Missing Print)198850 ZłotychRaw (Circulated) Issued Error NoteMissing Print ErrorMissing SignaturesMissing Date PanelTypographic OmissionKarol Swierczewski PortraitNarodowy Bank PolskiPolska Wytwornia Papierow WartosciowychPWPW Security PrintingLate Communist Era BanknotesPrefix HKSerial HK64003581988 Series50 ZlotychPick 142cCM165CM166CM167CM168CM169CM170Poland1988Error NoteMuseum Grade
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Fiji 1942 one pound wartime overprint on New Zealand Reserve Bank £1 note showing Government of Fiji overprint and red FI/O serial number

Fiji 1942 - 1 Pound Government of Fiji Overprint on New Zealand £1 (Pick 45c)

The overprint effectively transformed the New Zealand note into a locally restricted wartime currency while preserving the underlying engraved design. The original elements remain visible, including the kiwi vignette at left, the New Zealand coat of arms at center, and the portrait of Māori King Tāwhiao at right. Red serial numbers prefixed 'FI/O' were applied to distinguish the converted notes from their New Zealand counterparts and to integrate them into Fiji’s emergency circulation system. Read more →

FijiIssued Note (Overprint on Foreign Base)19421 PoundPMG 20 Very Fine Overprinted IssueForeign Base NoteBlack OverprintWartime Emergency CurrencyWorld War II Currency1 PoundGovernment of FijiBritish Colonial AdministrationPacific Wartime EconomyColonial Monetary PolicyReserve Bank of New Zealand Base NoteKiwi VignetteMaori King Tawhiao PortraitCommonwealth Currency AdaptationThomas De La RueTDLRSecurity PrintingFiji1942Pick 45cNew Zealand Pick 155PMG 20Very FineMuseum Grade
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United States 1970s Giori Test Note Jefferson Center black front green back inverted red serial number CT68666 watermark PMG 64 EPQ Choice Uncirculated

United States ca. 1970s – Giori Test Note – Jefferson Center, Black Front / Greenback Inverted Experimental Serial With Watermark

The front is printed in deep black on watermarked paper and carries an experimental red serial number, CT68666, inverted relative to the design. Serial numbering on Giori tests is unusual; inversion shows the sheet was fed intentionally in reverse for mechanical calibration of numbering direction and feed sequencing. Bars across the portraits act as alignment guides for optical measurement during press setup. Read more →

United StatesTest Note1970Test NotePMG 64 EPQ Choice Uncirculated United StatesGiori Test NoteJefferson Center1970Black FrontGreenbackInverted SerialExperimental SerialWatermarkPMG 64 EPQ
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Uruguay 1939 Banco de la Republica Oriental del Uruguay 50 centesimos issued banknote, Serie H, Pick 34, graded PMG 67 Exceptional Paper Quality, red serial numbers, printed by Casa de Moneda de Chile

Uruguay 1939 - Banco de la Republica Oriental del Uruguay 50 Centesimos Issued Note Serie H (Pick 34)

The obverse presents a compact yet formally balanced engraved composition. The national arms of Uruguay appear at left beneath the rising sun, symbolizing constitutional sovereignty and republican continuity. At center, the denomination CINCUENTA CENTESIMOS is framed within ornamental guilloche panels, while the portrait of a statesman anchors the right field in refined intaglio engraving. The serial numbers appear in red, contrasting with the green and brown security linework of the frame. The note is identified as Serie H, printed in accordance with the 1939 legislative framework. Read more →

UruguayIssued Banknote193950 CentesimosPMG 67 Exceptional Paper Quality Issued Banknote50 CentesimosSerie HRed Serial NumbersNational Coat of ArmsJulio Solsona Flores SignatureJulian A. Illich SignatureOscar Goldie Arenas SignatureCasa de Moneda de ChileBanco de la Republica Oriental del UruguayMonetary Law 2 January 1939Interwar Monetary ReformState Issued CurrencyUruguay1939PMG 67 Exceptional Paper QualityTop PopPick 34Museum Grade
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United States Series of 1928C Five Dollars Legal Tender Note with red Treasury seal and red serial numbers, GA block, Friedberg 1528, graded PMG 66 EPQ Gem Uncirculated, showing strong centering, vivid red seal color, and crisp engraving detail.

United States 1928C - Five Dollars Legal Tender Note Red Seal, Friedberg 1528, GA Block, PMG 66 EPQ Gem Uncirculated

The vivid red Treasury seal and matching red serial numbers distinguish Legal Tender Notes from contemporary Federal Reserve issues. Unlike Federal Reserve Notes, these obligations were direct liabilities of the United States Treasury itself. The bold red elements contrast sharply against the deep green engraving of the portrait of Abraham Lincoln, whose dignified likeness anchors the obverse. The reverse presents the engraved Lincoln Memorial vignette, a compact yet intricate rendering that balances architectural precision with classical symmetry. Read more →

United StatesLegal Tender Note19285 DollarsPMG 66 EPQ Gem Uncirculated Legal Tender NoteIssued NoteRed SealSmall size banknotePortrait of Abraham LincolnLincoln Memorial reverse5 DollarsBureau of Engraving and PrintingTreasury obligationJulian and Morgenthau signaturesGA blockFriedberg 1528Exceptional Paper Quality designationUnited States Legal Tender NotesEarly small size United States currencyTwentieth century United States paper moneyHistoryUnited States19281928CPMG 66 EPQGem UncirculatedMuseum Grade
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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 design remains a finely engraved Waterlow & Sons production. The face presents the title “República del Paraguay” above the ornate Banco de la República lettering, with large 5 Pesos denomination devices, intricate guilloché fields, pale blue underprinting, a red serial number, and the national emblem at center. The layout is smaller than the 100 Pesos type but no less sophisticated, using dense security engraving, layered ornamental panels, and sharply defined denomination counters to create a formal and highly secure banknote design. 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
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Ireland - Northern 1940 Ulster Bank Limited 1 Pound issued note, Pick 306, serial A152102, dated Belfast 1st January 1940, with blue ONE POUND panel, red serial numbers, maritime and industrial vignette, architectural reverse, and Ulster Bank Limited watermarked security paper

Ireland - Northern 1940 - Ulster Bank Limited 1 Pound Issued Note (Pick 306)

The promise-to-pay text dominates the center of the note, presenting the banknote as the obligation of Ulster Bank Limited rather than a central-bank issue. The large blue ONE POUND panel, red serial numbers, ornamental denomination cartouches, and engraved borderwork create a layered design that remained close to the proof material of the same design family while functioning here as a completed issued note. Read more →

IrelandIssued Note19401 PoundRaw Issued NoteRegular IssuePrivate Banknote IssueAuthorized Banknote IssueIrish Private BankNorthern Ireland IssueSerial A1521021 PoundUlster BankUlster Bank LimitedBelfastDated Belfast 1st January 1940Ulster Bank Limited WatermarkUlster Bank Limited Watermarked PaperBlue One Pound PanelRed Serial NumbersMaritime VignetteIndustrial VignetteArchitectural VignetteCharles Skipper and East LimitedCharles Skipper and East Limited LondonLondon Security PrinterBanknote PrintingSecurity PrintingEngraved BanknotePrivate Banknote ProductionCommercial Banknote IssuePick 306Irish Banking HistoryNorthern Ireland Banking HistoryPrivate Banknote TraditionCommercial Banknote IssueIrish Financial HistoryEarly Twentieth Century Paper MoneySterling BanknoteHistoryIrelandIreland - Northern1940Pick 306RawMuseum Grade
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Poland 1941 Bank Emisyjny w Polsce 1 Zloty State Note, serial BD3580426, Miłczak 99b Warsaw printing, with geometric watermark, PMG 67 EPQ Superb Gem Uncirculated.

Poland 1941 - 1 Zloty Bank Emisyjny w Polsce State Note BD3580426 (Pick 99)

The obverse presents the issuing authority, denomination, Kraków issue date, and printed signatures of President Feliks Młynarski and Deputy President Rudolf Jędrzejowski within a compact typographic composition. Geometric ornament, guilloche elements, and the seven-digit red serial number provide the principal visual and security features. This example carries the prefix and serial number BD3580426. Read more →

PolandIssued State Note19411 ZlotyPMG 67 EPQ Superb Gem Uncirculated Issued State NoteState NoteBank Emisyjny w Polsce1 ZlotySerial BD3580426BD PrefixGeneral GovernmentOccupation Period CurrencySecond World War1941 IssueFeliks MłynarskiRudolf JędrzejowskiLeonard SowińskiMłynarkiWatermark Type 14Watermark Type 14AGeometric Pattern WatermarkDark and Light RectanglesGuilloche DesignSeven-Digit Red NumberingTypographic PrintingSecurity Printing HistoryStaatsdruckerei und MünzeFormer PWPWPolska Wytwórnia Papierów WartościowychWarsaw PrintingNo Known WZÓRPolandPoland 1941General Government Currency1941Pick 99Miłczak 99bPMG 67 EPQSuperb Gem UncirculatedMuseum Grade
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