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Portugal 50 Mil Réis front progressive proof, ND (1917), Pick 110pp1, PMG 25 EPQ

Portugal 1917 - Banco de Portugal 50 Mil Réis Front Progressive Proof (Pick 110pp1)

Front progressive proof for the Banco de Portugal 50 Mil Réis, printed in a single intaglio color to test composition and line fidelity before the final multi-color stones were prepared. Without underprint or overprint, it exposes the engraver’s hand-the bare guilloche network and portrait cartouche that later defined the completed note. PMG 25 EPQ Very Fine. Read more →

PortugalProgressive Proof191750 Mil RéisPMG 25 EPQ Very Fine Portugal First RepublicPick 110pp1ND 1917Pick 110Portugal1917
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Italy ND (1868) Banco di Napoli Fede di Credito specimen, ICG 60 AU/UNC

Italy 1868 - Banco di Napoli Fede di Credito 50–200 Lire Specimen (Pick Unlisted)

This engraved specimen shows an uncompleted form with blank lines, large margins, and latent denominations of both 50 and 200 Lire-an unusual dual-value feature that suggests it was designed as a multi-purpose certificate. The imprint of 'Cassa Spirito Santo' ties it to one of the banco’s historic chapels-turned-branches in Naples. Its crisp green underprint, neat guilloché frame, and watermark space show Bradbury Wilkinson’s export style adapted to Italian requirements. Read more →

ItalySpecimen186850–200 LireICG 60 AU/UNC Pick-UnlistedBradbury WilkinsonBWCSpecimenItalian KingdomBanco di Napoli50 lire200 lireItaly1868
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Italy 1869 Credito Agricolo della Cassa di Risparmio in Bologna 30 Lire specimen serial number 0001 printed by Bradbury Wilkinson and Company PMG 63 Top Pop

Italy 1869 - Credito Agricolo della Cassa di Risparmio in Bologna 30 Lire Specimen (Pick Unlisted)

The design reflects the highest level of nineteenth century security engraving, with dense guilloche frameworks, a central portrait medallion, and a refined blue underprint panel integrated into the main composition. Bradbury Wilkinson’s involvement places this piece within the early expansion of British security printing influence into continental European financial systems, particularly in transitional economies seeking both credibility and technical sophistication. Read more →

ItalySpecimen186930 LirePMG 63 Choice Uncirculated Top Pop Serial Number 0001 SpecimenAgricultural Credit NoteCredito AgricoloCassa di Risparmio in BolognaPrivate Banking InstrumentControlled Credit IssueOdd Denomination30 LireBradbury Wilkinson and CompanySecurity PrintingGuilloche EngravingBlue UnderprintPortrait MedallionIssuance PanelItalian Banking HistoryPost Unification ItalyNineteenth Century FinanceAgricultural Credit SystemHistoryItaly1869Pick UnlistedPMG 63Top PopUniqueR9 Extremely RareMuseum Grade
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Australia ca.1939 Commercial Banking Company of Sydney LIMITED £5 Travellers Cheque photographic proof, PCGS 63

Australia 1939 - Commercial Banking Company of Sydney LIMITED £5 Travellers Cheque Photographic Proof (Pick Unlisted)

Produced during the late interwar period when secure portable payment instruments were vital for travel within the British Empire, this proof reflects the evolution of Australian financial printing in collaboration with Bradbury Wilkinson & Co., London. The fine typographic composition, deep guilloche background, and continuous ‘BRADBURY WILKINSON AND COMPANY LIMITED’ underprint confirm its master plate origin. Read more →

AustraliaPhotographic Proof19395 PoundsPCGS 63 Choice New (Mounted on Cardstock) Pick UnlistedPhotographic Proof5 PoundsTravellers ChequeTravelers CheckCommercial Bank of SydneySydneyCommercial Banking Company of Sydney LIMITEDCommercial Bank of SydneyBradbury WilkinsonBWCPre-War1939Australia
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Luxembourg 1970 100 Francs specimen Pick 56s with SPECIMEN overprint, punch hole cancellation, and serial A000000

Luxembourg 1970 - 100 Francs Specimen (Pick 56s)

The design presents Grand Duke Jean in formal portrait at left, combined with layered guilloche structures and offset color fields engineered for clarity, durability, and machine readability. The integration of intaglio portrait engraving with multicolor offset underprint reflects the mature production standard of the 1970 issue. Read more →

LuxembourgSpecimen1970100 FrancsPMG 66 EPQ Gem Uncirculated Specimen100 FrancsA000000Dual Serial FormatSPECIMEN OverprintPunch Hole CancellationGrand Duke JeanGuilloche security patternOffset and intaglio combinationIssued design typeLuxembourg monetary systemBelgian Luxembourg Economic Union1970 issueHistoryLuxembourg1970Pick 56sPick 56aPMG 66 EPQGem UncirculatedMuseum Grade
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Luxembourg 1970 100 Francs issued note serial A143655, Pick 56a, PMG 65 EPQ Gem Uncirculated

Luxembourg 1970 - 100 Francs Issued Note (Pick 56a)

The note embodies the mature stage of late twentieth-century European banknote production. The portrait of Grand Duke Jean is rendered in deep intaglio engraving, exhibiting sharp relief and controlled ink distribution, while the surrounding guilloche structures and offset underprint are precisely calibrated for both visual clarity and machine readability. The large watermark field at right integrates seamlessly into the layout, reinforcing both authentication and compositional balance. Read more →

LuxembourgIssued Note1970100 FrancsPMG 65 EPQ Gem Uncirculated Issued Note100 FrancsLuxembourg1970Pick 56aGrand Duke JeanIntaglio engravingGuilloche security patternWatermark portraitHigh cotton paperBelgian Luxembourg Economic UnionCirculating currencyFinal production stageBanknote executionHistoryLuxembourg1970Pick 56aPMG 65 EPQGem UncirculatedMuseum Grade
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Mauritius ND (1940) Government of Mauritius 1 Rupee uncut pair remainder, Pick 26r1 (remainder of Pick 26), PMG 55 EPQ Top Pop with crisp green and rose print and punch cancels

Mauritius 1940 - Government of Mauritius 1 Rupee Uncut Pair Remainder (Pick 26r1)

Registration between the green key design and rose underprint can be examined simultaneously across both impressions. The repeated placement of the frames, denomination counters, guilloché fields and major pictorial elements demonstrates the consistency of the printing from one adjoining position to the next. The pair therefore documents not only the appearance of the Pick 26r1 remainder but also the spacing, registration and physical organization of the notes within the larger production sheet. Read more →

MauritiusRemainder Proof19401 Rupee (Uncut Pair)PMG 55 EPQ About Uncirculated (Top Pop) MauritiusGovernment of MauritiusBritish MauritiusMauritius BanknoteMauritius CurrencyMauritius Paper MoneyColonial MauritiusBritish ColonyBritish Colonial CurrencyBritish Colonial BanknoteColonial BanknoteColonial CurrencyColonial Paper Money1 RupeeOne RupeeRupeeRe.11940NDND 1940Pick 26r1Pick 26RemainderRemainder NoteRemainder BanknoteUncut RemainderUncut PairUncut BanknotesUncut NotesUncut SheetUncut Sheet PairConnected PairVertical PairProduction MaterialPrinting MaterialBanknote ProductionSecurity PrintingProduction SheetSheet MarginSheet LayoutOriginal Sheet MarginUnsignedUnnumberedUnsigned RemainderUnnumbered RemainderPunch CancelledPunch CancellationCircular Punch CancelPunch CancelCancelled RemainderFour Punch CancelsGovernment IssueGovernment NoteCommissioners of CurrencyOffice of the Commissioners of CurrencyPort LouisMauritius Coat of ArmsCoat of ArmsMauritius ArmsDodoDodo BanknoteSambar DeerSambar Deer BanknoteHeraldryMauritian HeraldryKing George VIGeorge VIKing George VI BanknoteRoyal PortraitPortrait BanknoteSailing ShipPalm TreesKey and StarStella Clavisque Maris IndiciGreen and RoseGreen BanknoteRose UnderprintGuillocheGuilloche BanknoteSecurity DesignMultilingual BanknoteMultilingual CurrencyLondon PrintingColonial Contract PrintingTop PopPMG Top PopPMG 55 EPQPMG 55About UncirculatedEPQOriginal Paper Quality
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Poland 1919 Bank Polski 100 Zlotych issued note, series S.B. and serial 5482263, featuring Tadeusz Kosciuszko and printed by Waterlow and Sons Limited in London.

Poland 1919 - Bank Polski 100 Zlotych Issued Note S.B. 5482263 (Pick 57)

The design combines blue-grey engraving with a warm brown underprint. Acanthus ornament, intricate guilloche work, corner denomination panels, and a distinctive repeating border surround the principal elements. An unprinted oval field at right contains the profile watermark of Tadeusz Kosciuszko, joining the patriotic subject of the engraved portrait with the note's principal paper-security feature. Read more →

PolandIssued Note1919100 ZlotychPMG 58 EPQ Choice About Uncirculated Issued NoteBank Polski100 ZlotychSeries S.B.Serial 5482263First Zloty IssueTadeusz KosciuszkoKosciuszko PortraitTadeusz Kosciuszko WatermarkPortrait WatermarkCrowned Polish White EaglePolish White EagleNational SymbolismStanislaw KarpinskiZygmunt ChamiecMarian KarpusBank Polski SignaturesGrabski Currency ReformWladyslaw GrabskiPolish Monetary ReformRestoration of the ZlotyPost-Independence CurrencyReleased 28 April 1924Waterlow & Sons LimitedWaterlow & SonsLondon PrintingBritish Security PrintingEngraved BanknoteGuilloche DesignAcanthus OrnamentMulticolour UnderprintSecurity Printing History172 x 103 mmPolandPoland 1919Second Polish RepublicSecond Polish Republic Currency19191924Pick 57Milczak 53PMG 58 EPQEPQChoice About UncirculatedMuseum GradeR7 Extremely Rare
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Poland 1919 Bank Polski 1 Zloty issued note, series S.26C and radar-repeater serial 070070, featuring Tadeusz Kosciuszko and printed by Imprimerie Benoit Arnaud in Lyon, France.

Poland 1919 - Bank Polski 1 Zloty Issued Note S.26C 070070 (Pick 51)

The note was printed by Imprimerie Benoit Arnaud in Lyon, France. Its engraved portraiture, fine-line borders, layered underprinting, and compact security design document the contribution of French security printing to the first paper-money series prepared for independent Poland. Read more →

PolandIssued Note19191 ZlotyPMG 66 EPQ Gem Uncirculated Issued NoteBank Polski1 ZlotySeries S.26CSerial 070070Radar-Repeater SerialRadar SerialFirst Zloty IssueTadeusz KosciuszkoKosciuszko PortraitGrabski Currency ReformPolish Monetary ReformRestoration of the ZlotyPost-Independence CurrencyImprimerie Benoit ArnaudIMP BenoitBenoit ArnaudLyon PrintingFrench Security PrintingSecurity Printing HistoryEngraved BanknoteGuilloche DesignPolandPoland 1919Second Polish RepublicSecond Polish Republic Currency19191924Pick 51Milczak 47a-cPMG 66 EPQTop PopGem UncirculatedMuseum Grade
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Poland 1919 Bank Polski 1 Zloty specimen, series S.36B, serial 060793 and specimen control number 1893, with red WZÓR and BEZ WARTOŚCI overprints and two vertically arranged circular perforations.

Poland 1919 - Bank Polski 1 Zloty Specimen S.36B 060793 with WZÓR and BEZ WARTOŚCI Overprints (Pick 51s)

The note was printed in France by Imprimerie Benoit Arnaud in Lyon at a time when Poland's domestic security-printing capacity was still being rebuilt after independence. Its refined engraving, fine-line ornament, and layered pastel underprinting reflect the strong influence of early twentieth-century French banknote design. Read more →

PolandSpecimen19191 ZlotyPMG 40 EPQ Extremely Fine SpecimenBank Polski1 ZlotySeries S.36BSerial 060793Specimen Control Number 1893First Zloty IssueWZOR OverprintWZOR Overprint with PeriodBEZ WARTOSCI OverprintRed WZOR Overprint on Both SidesBilateral Specimen Overprint7 mm WZOR LetteringTwo Circular PerforationsVertical Perforation ArrangementPunch-Cancelled SpecimenSpecimen Control SystemTadeusz KosciuszkoKosciuszko PortraitGrabski Currency ReformPolish Monetary ReformRestoration of the ZlotyPost-Independence CurrencyImprimerie Benoit ArnaudIMP BenoitBenoit ArnaudLyon PrintingFrench Security PrintingSecurity Printing HistoryEngraved BanknoteGuilloche DesignPolandPoland 1919Second Polish RepublicSecond Polish Republic Currency19191924Pick 51sMilczak 47WcPMG 40 EPQMuseum Grade
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Poland 1940 10 Złotych Printing Remnants, forgery workshop underprint, PMG descriptive holder

Poland 1940 - 10 Zlotych Printing Remnants Forgery Workshop Underprint (Miłczak 94)

Fascinating semi-finished product from a wartime forgery workshop, connected with the 10 złotych 1940 issue (Miłczak 94). The piece is printed only with the underprint of the obverse design - background guilloches and the female allegorical portrait at left - without the main face value, overprints, or full intaglio elements. Trimmed to the correct banknote format, it represents an intermediate stage in the counterfeiting process. Read more →

PolandContemporary Counterfeit194010 złotychPMG Holdered (Descriptive, no numeric grade) Poland194010 ZlotychPick 94Milczak 94MilczakBank Emisyjny w PolsceEmission BankGeneral GovernmentGerman OccupationOccupationOccupation IssueWorld War IIWWIIWartimeCounterfeitContemporary CounterfeitForgeryWartime ForgeryForgery WorkshopCounterfeit WorkshopPrinting RemnantsWorkshop RemnantProduction RemnantSemi Finished PrintIntermediate PrintIncomplete PrintUnderprintObverse UnderprintGuillocheWatermarkBanknotePMG
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Poland 1940 20 Złotych Series N, WWII London Counterfeit, PMG 64

Poland 1940 - 20 Zlotych, Series N WWII London Counterfeit (Pick 95b)

20 złotych dated 1 March 1940, issued under the Bank Emisyjny w Polsce during the German occupation, here from Series N - a rarer subtype known as the 'WWII London Counterfeit' (LC). This variety is recognized by its distinct olive-toned underprint, setting it apart from the more common genuine emissions. PMG has described this piece as a diversionary counterfeit, aligning it with the series of clandestine productions created to destabilize the wartime Polish economy. Read more →

PolandContemporary Counterfeit194020 ZłotychPMG 64 Choice Uncirculated Poland194020 ZlotychBank Emisyjny w PolsceGeneral GovernmentGerman OccupationWWII London CounterfeitWorld War IIWWIISeries NPick 95bMilczak 95bMilczakLondon CounterfeitCounterfeitContemporary CounterfeitDiversionary ForgeryOccupation IssueCounterfeit NumberingPolish ResistanceWartime Counterfeiting
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