Results for “watermark”
El Salvador 1999 25 Colones specimen Pick 155s by De La Rue with red SPECIMEN overprint PMG 64 Choice Uncirculated

El Salvador 1999 - 25 Colones Specimen (Pick 155s)

This specimen represents the terminal proof stage of the 25 Colones before the introduction of the U.S. dollar in 2001. It retains all key security features-watermark, metallic thread, and color-shifting inks-while being clearly marked to prevent circulation. Distributed in small numbers to institutional archives and printer files. Read more →

watermark
El SalvadorSpecimen with Red Overprint & Oval Stamp199925 ColonesPMG 64 Choice Uncirculated El SalvadorSpecimenPick 155sPick 15525 Colones1999De La RueRed OverprintPirámide de San AndrésBanco Central de ReservaPre-Dollarization
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Poland 1940 10 Złotych contemporary counterfeit Pick 94x PMG 55 AU with purple WERTLOS stamp and Zigzag Lines watermark

Poland 1940 - 10 Zlotych Contemporary Counterfeit with WERTLOS Stamp (Pick 94x)

A bold purple 'WERTLOS' (worthless) overprint was applied across the face, likely as an official or resistance-era cancellation after discovery. Printed on correct paper bearing the Zigzag Lines watermark, it exhibits wide left margins typical of sheet-fed counterfeit runs. Read more →

watermark
PolandContemporary Counterfeit194010 ZłotychPMG 55 About Uncirculated Poland194010 Zlotych10 ZlotyPick 94xMilczak 94MilczakContemporary CounterfeitCounterfeitWartime CounterfeitWartime ForgeryOccupation IssueOccupation CurrencyBank Emisyjny w PolsceEmission BankGeneral GovernmentGerman OccupationWorld War IIWWIIWartimeResistanceWERTLOSWorthlessZigzag LinesZigzag WatermarkPMG 55About Uncirculated
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Poland 1940 10 Złotych, Bank Emisyjny w Polsce, Series F prefix, printed by Giesecke & Devrient, PMG 65 EPQ Gem Uncirculated

Poland 1940 - 10 Zlotych Bank Emisyjny Series F Giesecke & Devrient (Pick 94a)

The obverse features allegorical female figures representing Industry and Agriculture within an ornate architectural composition, with a crowned female head at left. The reverse carries ornamental designs surrounding the denomination and central watermark area. The paper uses a zigzag-line watermark. Read more →

watermark
PolandIssued Note194010 złotychPMG 65 EPQ Gem Uncirculated Poland194010 Zlotych10 ZlotyPick 94Pick 94aMilczak 94aFMilczak 94MilczakBank Emisyjny w PolsceEmission BankGeneral GovernmentGerman OccupationWorld War IIWWIISeries FGiesecke & DevrientGiesecke DevrientLeipzigZigzag WatermarkZigzag Lines WatermarkPMG 65EPQGem Uncirculated
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Poland 1929 10 Złotych Bank Polski issue with Bolesław Chrobry multitonal 10 ZŁ watermark, Pick 69, PMG 67 EPQ Superb Gem Uncirculated

Poland 1929 - 10 Zlotych Issued Note Miłczak 68 (Pick 69)

Obverse: allegorical Industry and Agriculture flank the national arms within ornate guilloché and geometric framing. Reverse: intertwined floral/mechanical motifs echo late-1920s industrial optimism. Watermark: King Bolesław I Chrobry with denomination “10 ZŁ” beneath - a multitonal design introduced in 1926 that became the standard for circulation notes. Read more →

Watermark
PolandIssued Note192910 ZłotychPMG 67 EPQ Superb Gem Uncirculated PolandChrobry10 ZŁ watermarkPMG 67 EPQIssued NoteBank PolskiMilczak1929II RPPick 69złotychPMGSuperb Gem10 złotych10 zlotych
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Poland 1926 10 Zlotych watermarked paper with Boleslaw Chrobry 10 ZL watermark

Poland 1926 - Bank Polski 10 Zlotych Archival Watermarked Paper (Miłczak 64)

Blank paper stock prepared for the 1926 10 Zlotych issue, classified by PMG as Watermarked Paper. Read more →

poland-1926-10-zlotych-watermarked-paper
PolandArchival Watermarked Paper192610 złotychPMG Certified Archival PaperArchival Watermarked PaperWatermarked PaperBoleslaw Chrobry WatermarkDiagonal Watermark LayoutBank PolskiSecurity Paper ProductionWatermark StandardizationInterwar Printing ProcessSecond Polish Republic CurrencyUnissued IssueInterwar Polish BanknotesPoland192610 ZlotychPick 65Milczak 64PMG 1922053-018Museum GradeR8 Extremely Rare
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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 Serial S.B. 5482263 Issued Note (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 →

watermark
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 1000 Złotych, Unissued, PMG 63 EPQ

Poland 1919 - 1000 Zlotych Unissued Note (Pick 59a)

The note’s design is a tour de force of neobaroque ornamentation: elaborate guilloches, scrolling acanthus motifs, and a commanding layout that conveyed prestige. Like the smaller denominations, it features Tadeusz Kosciuszko on the obverse, reinforcing his role as the symbolic figurehead of the 1919 series. Measuring 181 × 111 mm, it impresses with both scale and detail, and its watermark also carries Kosciuszko’s likeness as a security device. Read more →

watermark
PolandUnissued Note19191000 ZłotychPMG 63 EPQ EPQPolandSecond RepublicBanknoteMilczakZlotyUnissued NoteUnissued IssueBank PolskiWaterlowKosciuszkoTadeusz KosciuszkoKosciuszko PortraitTadeusz Kosciuszko WatermarkPortrait WatermarkWaterlow & SonsInterwar PeriodPMG 63 EPQChoice UncirculatedPick 59a1000 ZlotychUncirculated1919
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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)

The paper is of the same type as the original issue, including watermark, underscoring the sophistication of the operation. Such workshop remnants rarely survive, as they were typically destroyed once full notes were completed or abandoned. This example is preserved in a descriptive PMG holder (labeled 'Printing Remnants'), without an assigned numeric grade. By appearance, it remains close to original emission quality, showing crisp paper and fresh inks with no obvious circulation wear. Read more →

watermark
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 1933 - 25 Złotych Investment Fund Voucher, Series I, PMG 55 EPQ

Poland 1933 - 25 Zlotych Investment Fund Voucher, Series I Bon Funduszu Inwestycyjnego (Lucow 732)

Investment Fund Voucher for 25 złotych, dated 1 December 1933 and issued by the Ministry of the Treasury of the Second Republic of Poland. Series I, with an especially attractive serial number 38888*. Certified PMG 55 EPQ, confirming original paper quality and freshness. These vouchers were printed with two different watermark types - both positive and negative patterns - making them a fascinating technical product as well as a financial one. Read more →

watermark
PolandInvestment Fund Voucher193325 ZłotychPMG 55 EPQ About Uncirculated Bon Funduszu InwestycyjnegoLucow 732Bank PolskiSecond RepublicbanknotPolskaPolandMilczakBykowski 25zlotymiedzywojniezlotychII RPMazur E.33Moczydlowski B63Investment Voucher1933
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Poland 1940 500 Złotych Series B, unfinished print fragment with partial obverse and full reverse, PMG holdered

Poland 1940 - 500 Zlotych Series B Unfinished Print Fragment (Pick 98)

Comparison with a completed 500 złotych note makes the unfinished state particularly revealing. On the finished obverse, the Highlander is a repeated visual motif: the principal engraved portrait occupies the right side of the design, while a second Highlander head appears as the watermark in the paper at left. On B 2048322, the watermark is already present in the paper, but the corresponding printed portrait and the remainder of the principal obverse design were never applied. Read more →

watermark
PolandPrinting Remnant1940500 ZłotychPMG Holdered (Descriptive, no numeric grade) Printing RemnantPrinting RemnantsUnfinished PrintIncomplete PrintUnfinished BanknoteProduction MaterialProduction StagePrinting ProcessBanknote ProductionPrinter's SheetPrinter's Sheet FragmentSheet FragmentProduction Sheet500 Zlotych500 Zlotych 1940Bank Emisyjny w PolsceEmission BankEmission Bank in PolandPolandPolish BanknotePolish CurrencyGerman OccupationGerman Occupied PolandGeneral GovernmentGeneralgouvernementWorld War IIWWIIWartime CurrencyOccupation Currency19401 March 1940Pick 98Milczak 98MilczakSeries BB 2048322B2048322Serial B 2048322Serial B2048322Serial NumberSerial Number AnomalyUnrecorded Serial NumberUnrecorded Serial Range20xxxxx Serial RangeSeries B Serial NumberSeries B 20xxxxxAborted ProductionInterrupted ProductionIncomplete ProductionProduction AnomalyUnderprintObverse UnderprintGreen UnderprintMissing Main DesignMissing Obverse DesignMissing PortraitIncomplete ObverseReverse DesignMorskie OkoTatra MountainsTatrasWatermarkMan's HeadMan's Head WatermarkHighlanderHighlander PortraitHighlander WatermarkGoralGoral PortraitGoral WatermarkPortrait WatermarkObverse PortraitWatermarked PaperPMGPMG Printing RemnantsDescriptive HolderNo Numeric GradeZlotyZlotych
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Austria 1800 Wiener Stadt Banco 1 Gulden issued note, Pick A29a, typographic Banco-Zettel design with value watermark in Arabic and Roman numerals

Austria 1800 - Wiener Stadt Banco 1 Gulden Issued Note (Pick A29a)

The design is entirely typographic, consistent with early Banco-Zettel issues. Decorative borders, calligraphic denomination panels, and imperial insignia are arranged symmetrically to convey authority and legibility rather than pictorial narrative. Security relied on paper technology rather than engraving complexity, most notably a prominent watermark displaying the value in both Arabic and Roman numerals, visible under transmitted light. Read more →

watermark
AustriaIssued Note18001 GuldenPMG 63 Choice Uncirculated Issued NoteBanco-ZettelFiduciary Paper MoneyEarly State CurrencyTypographic BanknoteWiener Stadt BancoHabsburg Monetary SystemNapoleonic Era FinanceEveryday CirculationGaliciaZłoty ReńskiPolish Language TextAustrian Partition of PolandAustria1800PMG 63 Choice UncirculatedPick A29aMuseum Grade
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Austria 1800 Wiener Stadt Banco 5 Gulden issued note, Pick A33, featuring typographic design, blind embossed seals, and value watermark in Arabic and Roman numerals

Austria 1800 - Wiener Stadt Banco 5 Gulden Issued Note (Pick A33)

The note’s design reflects the mature typographic language of the Wiener Stadt Banco. Authority and trust are conveyed through dense calligraphic text, a rigorously symmetrical layout, and clearly articulated denomination panels. Security depended on material and structural features rather than pictorial imagery, including multiple blind embossed seals, hand-applied elements, and a complex watermark system displaying the value in both Arabic and Roman numerals. These measures represent a deliberate, pre-industrial approach to counterfeit deterrence, optimized for a multi-regional empire. Read more →

watermark
AustriaIssued Note18005 GuldenIssued Note (PMG graded example) Issued Note5 GuldenWiener Stadt BancoBanco-ZettelEarly Fiduciary Paper MoneyAustrian Paper CurrencyHabsburg MonarchyAustrian EmpireState-Backed Paper MoneyPre-Industrial Security PrintingGaliciaZłoty ReńskiPolish Lands under Austrian RuleValue Watermark Arabic and Roman NumeralsBlind Embossed SealsTypographic Banknote DesignAustria1800Pick A33Museum Grade
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