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Results for “watermark”
New Zealand 1981 1 Dollar issued note H.R. Hardie signature revised Queen Elizabeth II portrait serial AAA000662 Pick 169a PMG 67 EPQ Superb Gem Uncirculated.

New Zealand 1981 - 1 Dollar H.R. Hardie Signature Issued Note Serial AAA000662 (Pick 169a)

The obverse features the revised portrait of Queen Elizabeth II, while the Captain James Cook watermark remains consistent with earlier decimal issues, maintaining continuity within New Zealand’s currency identity. The reverse presents native flora and fauna, reflecting the national thematic direction of the series. Read more →

New ZealandIssued Note19811 DollarPMG 67 EPQ Superb Gem Uncirculated Issued Note1 DollarQueen Elizabeth II portrait revisedCaptain James Cook watermarkDecimal currency noteOriginal issueSerial number noteBradbury WilkinsonBWCHardie SignatureH.R. HardieRevised Hardie signature typeStandard circulation productionDecimal SeriesReserve Bank of New ZealandSecond design typeNew Zealand currency evolutionHistoryNew Zealand198119851981-1985AAA000662Pick 169aPMG 67 EPQSuperb Gem UncirculatedTop PopMuseum Grade
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New Zealand 1981 1 Dollar printer annotation specimen with star serial AA000000*, handwritten not approved marking, single punch hole, no overprint or oval stamp, Pick 169as, PMG 65 EPQ Gem Uncirculated.

New Zealand 1981 - 1 Dollar H.R. Hardie Signature Printer’s Annotation Specimen Star Serial AA000000* (Pick 169as)

The design remains consistent with the ND (1981–1985) issue, featuring the revised portrait of Queen Elizabeth II and the Captain James Cook watermark, alongside native flora and fauna on the reverse. However, the presence of annotations, punch cancellation, and replacement-style serial transforms this note from a standard specimen into a documented production artifact. Read more →

New ZealandPrinter Annotation Specimen with Punch Hole19811 DollarPMG 65 EPQ Gem Uncirculated SpecimenPrinter annotation specimenPrinter’s annotationsHandwritten not approvedStar serialReplacement style serialSingle Punch HolePunch CancelledNo OverprintNo Oval Stamp1 DollarQueen Elizabeth II portrait revisedCaptain James Cook watermarkBradbury WilkinsonBWCHardie SignatureH.R. HardieProduction control stagePrinter evaluation pieceDecimal SeriesReserve Bank of New ZealandSecond design typeNew Zealand currency evolutionHistoryNew Zealand198119851981-1985AA000000*Pick 169asPick 169aPMG 65 EPQGem UncirculatedMuseum GradeAnnotationsHandwritten Annotations
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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
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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
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Luxembourg August 1965 20 Francs face photographic proof serial A000000 showing transitional design with oversized portrait and developing layout, mounted on cardstock

Luxembourg August 1965 - 20 Francs Face Photographic Proof Transitional Design Stage (Pick Unlisted)

Typography and denomination structure have moved toward their final configuration, with "VINGT FRANCS" and the surrounding ornamental framework more closely integrated than in the earlier concept stage. Despite this progress, spatial balance remains imperfect, with the enlarged portrait affecting the proportional relationship between text, watermark field, and decorative elements. Read more →

LuxembourgPhotographic Proof (Face)196520 FrancsPCGS 63 Apparent Choice New (Mounted on Cardstock) Photographic ProofFace Proof20 FrancsA000000Dual Serial FormatMounted on CardstockGrand Duke JeanTransitional portrait scaleOversized portraitDeveloping layoutNear-final typographyTransitional design stagePost-concept redesignPre-final layoutBanknote design developmentHistoryLuxembourg1965Pick UnlistedPCGS 63Choice NewMuseum Grade
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Luxembourg 24 November 1965 20 Francs face photographic proof serial A000000 showing finalized layout with correct proportions prior to final signature configuration, mounted on cardstock

Luxembourg 24 November 1965 - 20 Francs Face Photographic Proof Final Layout Stage (Pick Unlisted)

The note carries serial number A000000 in dual placement, consistent with internal photographic proof formatting. The portrait of Grand Duke Jean is rendered in its final proportion and position, matching the geometry later adopted for the issued note. The earlier scaling issues observed in August proofs have been fully resolved, resulting in a balanced relationship between portrait, watermark field, typography, and ornamental framework. Read more →

LuxembourgPhotographic Proof (Face)196520 FrancsPCGS 64 Apparent Choice New (Mounted on Cardstock) Photographic ProofFace Proof20 FrancsA000000Dual Serial FormatMounted on CardstockHandwritten Date 24 November 1965Grand Duke JeanFinal portrait proportionsResolved layoutFinalized typographyBalanced compositionFinal layout stagePre-production validationPre-issuance configurationBanknote design developmentHistoryLuxembourg1965Pick UnlistedPCGS 64Choice NewMuseum Grade
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Luxembourg 10 Francs face photographic proof dated July 3 1966 with serial A000000 and handwritten annotation 6-1-67 in lower margin, mounted on cardstock

Luxembourg July 3 1966 - 10 Francs Face Photographic Proof Final Layout Stage (Pick 53)

The note carries serial number A000000 in dual placement, consistent with internal photographic proof conventions. The portrait of Grand Duke Jean is presented in its final proportion and position, fully integrated within the surrounding ornamental framework. The balance between portrait, denomination, and watermark field reflects a completed design system, with no evidence of earlier scaling or spacing adjustments. Read more →

LuxembourgPhotographic Proof (Face)196610 FrancsPCGS 64 Apparent Very Choice New (Mounted on Cardstock) Photographic ProofFace Proof10 FrancsA000000Dual Serial FormatMounted on CardstockHandwritten Annotation 6-1-67Dated July 3 1966Grand Duke JeanFinal portrait proportionsResolved layoutFinalized typographyFinal layout stagePre-production validationPick 53HistoryLuxembourg1966PCGS 64Very Choice NewMuseum GradeAnnotationsHandwritten Annotations
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Luxembourg 1971 50 Francs face photographic proof with serial A000000 and handwritten annotation 18 May 1972 in lower margin, Signature A, Pick Unlisted

Luxembourg March 20 1971 - 50 Francs Signature A, Face Photographic Proof (Pick Unlisted)

The note carries serial number A000000 in dual placement, consistent with internal photographic proof conventions. The portrait of Grand Duke Jean is presented within a fully integrated guilloche framework, with denomination and typography positioned in their final configuration. The spatial balance between portrait, ornamental structure, and watermark field reflects a completed layout prepared for production. Read more →

LuxembourgPhotographic Proof (Face)197150 FrancsPCGS 62 Apparent New (Mounted on Cardstock) Photographic ProofFace Proof50 FrancsA000000Dual Serial FormatMounted on CardstockHandwritten Annotation 18 May 1972Dated March 20 1971Grand Duke JeanSignature AFinal portrait proportionsResolved layoutFinalized typographyFinal layout stagePre-production validationBanknote design developmentHistoryLuxembourg1971Pick UnlistedPick 55aPCGS 62NewMuseum GradeAnnotationsHandwritten Annotations
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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)

PMG identifies this example as Pick 156, Money Portal number MC160.a-b, with serial number A 0017632, printer Waterlow & Sons, and watermark 5. The watermark is a key production feature because it confirms the physical paper stock used for the denomination. In the context of the 5 Pesos revalidation trio, the watermark helps anchor the relationship between the issued base note and the later overprinted forms. Beneath every later state or Treasury marking was this original Waterlow paper, engraving, watermark, and value clause. 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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Poland 1994 50 Zlotych rare London print C-prefix issued note, serial CH9769411, cataloged as Pick 175a and Milczak 198A, printed by Thomas De La Rue London for Narodowy Bank Polski, depicting King Kazimierz III Wielki with modern post-redenomination security design

Poland 1994 - 50 Zlotych Rare London Print C-Prefix Note, CH9769411, Milczak 198A

The design depicts King Kazimierz III Wielki and combines historical portraiture with the security-printing language of the first modern zloty series, including dense guilloche work, microtext, ornamental denomination panels, and a portrait watermark. Introduced following the redenomination of 1 January 1995 at a rate of 10,000 old zlotych to 1 new zloty, the series established the visual identity of modern Polish currency. Read more →

PolandIssued Note199450 ZlotychUncirculated Issued NoteUncirculatedRegular Issued Note50 Zlotych50 zlotychC-PrefixCH PrefixCH9769411Serial CH9769411Prefix CHKing Kazimierz IIIKazimierz III WielkiKing Kazimierz III Watermark1994 IssueRedenomination IssueModern Polish ZlotyThomas De La RueThomas De La Rue LondonLondon PrintLondon Printed IssueLondon Security PrinterNarodowy Bank PolskiBanknote PrintingSecurity PrintingC-Prefix London PrintLondon C-Prefix RangePrinter AttributionMilczak 198APick 175aPolish Banknote HistoryPolish Monetary HistoryPolish RedenominationThird Polish RepublicPost-Redenomination PolandNew ZlotyPrefix VarietyProduction VarietyRare Prefix VarietyAdvanced Polish Banknote CollectingHistoryPoland19941995UngradedRare London PrintRare C-PrefixRare C-Prefix London PrintMuseum Grade
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Ireland - Northern 1929 Ulster Bank Limited 1 Pound uncut sheet of 3 proofs with specimen perforation, Pick Unlisted, showing three proof impressions on Ulster Bank Limited watermarked security paper with Charles Skipper and East Limited London printing attribution

Ireland - Northern 1929 - Ulster Bank Limited 1 Pound Uncut Sheet of 3 Proofs with Specimen Perforation (Pick Unlisted)

The sheet is printed on Ulster Bank Limited watermarked security paper. This watermark is part of the physical identity of the proof material and adds an important technical layer beyond the printed face. The uncut sheet of 3 preserves the more complete production format, with the watermark embedded across a larger uncut surface rather than confined to a separated note. Read more →

IrelandProof19291 PoundUngraded ProofUncut Proof SheetUncut Sheet of 3Sheet of 3 ProofsThree-Subject SheetSpecimen PerforationPrivate Banknote IssueAuthorized Banknote IssueIrish Private BankNorthern Ireland Issue1 PoundUlster BankUlster Bank LimitedBelfastUlster Bank Limited WatermarkUlster Bank Limited Watermarked PaperMaritime VignetteIndustrial VignetteCharles Skipper and East LimitedCharles Skipper and East Limited LondonLondon Security PrinterBanknote PrintingSecurity PrintingEngraved ProofPrivate Banknote ProductionProof-stage MaterialUncut Sheet FormatSpecimen Perforation ProductionPick UnlistedPick 306p Design FamilyIrish Banking HistoryNorthern Ireland Banking HistoryPrivate Banknote TraditionCommercial Banknote IssueIrish Financial HistoryEarly Twentieth Century Paper Money1929-1934 IssueHistoryIrelandIreland - Northern19291934Pick UnlistedPick 306pUngradedR9 Extremely RareMuseum Grade
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Ireland 1929 Ulster Bank Limited 1 Pound proof with specimen perforation, Pick 306p, graded PMG 55 EPQ About Uncirculated, with selvage included, no serial number, no issuing date, no signatures, Westminster Bank Limited watermarked security paper, and Charles Skipper and East Limited London printer imprint

Ireland - Northern 1929 - Ulster Bank Limited 1 Pound Proof with Specimen Perforation (Pick 306p)

The proof is printed on Ulster Bank Limited watermarked security paper, visible through the reverse under light. The watermark ties the paper itself to the issuing bank, adding a second layer of institutional identity beneath the engraved face. Together, the bank-name watermark, Belfast issue language, specimen perforation, and selvage show how private-bank paper money was physically constructed, controlled, and prepared for issue in the Northern Ireland banking system. Read more →

IrelandProof19291 PoundPMG 55 EPQ About Uncirculated ProofSingle ProofSpecimen PerforationWith Specimen PerforationSelvage IncludedPrivate Banknote IssueAuthorized Banknote IssueIrish Private BankNorthern Ireland IssueNo Serial NumberNo Issuing DateNo Signatures1 PoundUlster BankUlster Bank LimitedBelfastWestminster Bank Limited WatermarkWestminster Bank Limited Watermarked PaperMaritime VignetteIndustrial VignetteCharles Skipper and East LimitedCharles Skipper and East Limited LondonLondon Security PrinterBanknote PrintingSecurity PrintingEngraved ProofPrivate Banknote ProductionProof-stage MaterialSpecimen Perforation ProductionPick 306pIrish Banking HistoryNorthern Ireland Banking HistoryPrivate Banknote TraditionCommercial Banknote IssueIrish Financial HistoryEarly Twentieth Century Paper Money1929-1934 IssueHistoryIreland19291934Pick 306pPMG 55PMG 55 EPQPMG 55 EPQ About UncirculatedExceptional Paper QualityTop PopPopulation 1R9 Extremely RareMuseum Grade
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