Collection PL

United States 1922 — 20 Dollars Gold Certificate (Friedberg 1187), PMG 20 Very Fine

The Series 1922 20 Dollars Gold Certificate, cataloged as Friedberg 1187, represents one of the final large-size gold-backed issues prior to the transition to standardized small-size currency in 1928. Bearing the signatures of Treasurer Frank White and Register of the Treasury Frank Speelman, this issue embodies the mature phase of large-format United States Gold Certificates during the final decade of the classical gold standard era. Gold Certificates were direct obligations of the United States Treasury, payable in gold coin to the bearer on demand. ... Read more →

United States 1934A — Reverse Changeover Mule, 20 Dollars Richmond, Serials E17813376A and E17813377A (Friedberg 2055-Em, EA Block)

The Series 1934A 20 Dollars Federal Reserve Note from the Richmond Federal Reserve District, cataloged as Friedberg 2055-Em, is certified as a Reverse Changeover Mule and represents the concluding position in a documented consecutive serial boundary pairing. Reverse changeover mules arise when the Bureau of Engraving and Printing transitions between reverse plate configurations within an active production sequence, resulting in adjacent serial numbers being printed from differing reverse plate states. This example, Serial E17813376A, precedes Serial E17813377A in strict consecutive order. ... Read more →

United States 1934 — Reverse Changeover, 20 Dollars Richmond, Dark Green, Serials E17813376A and E17813377A (Friedberg 2054-Edgs, EA Block)

The Series 1934 20 Dollars Federal Reserve Note from the Richmond Federal Reserve District, cataloged as Friedberg 2054-Edgs, represents the earlier reverse configuration within a certified Reverse Changeover Pair. The holder explicitly identifies this note as Dark Green (EA Block) and as a Reverse Changeover Note, confirming both its ink tone classification and its position within a documented plate transition boundary. Reverse changeover notes preserve the exact moment when the Bureau of Engraving and Printing transitioned between reverse plate states during active production. ... Read more →

Australia 1929 — Commercial Banking Company of Sydney Limited — Circular Letter of Credit Photographic Proof (Mounted on Cardstock, PCGS 64 Very Choice New)

This photographic proof represents a Circular Letter of Credit issued by the Commercial Banking Company of Sydney Limited during the late interwar period, forming part of an international financial system that enabled secure cross-border access to funds. Unlike Letters of Introduction, which served primarily as identity credentials, the Letter of Credit functioned as a direct monetary instrument, allowing the holder to withdraw funds abroad through a structured and verifiable process. It stands as a precursor to modern traveler’s checks and early credit-based financial systems. ... Read more →

Poland 1937 — Free City of Gdańsk Bank of Danzig 20 Gulden Architectural Vignette Bradbury Wilkinson and Company

This engraved architectural vignette was produced by Bradbury Wilkinson and Company in New Malden, Surrey, as a direct design component for the 1937 Bank of Danzig 20 Gulden issue (Pick 63), issued under the authority of the Free City of Gdańsk. It is not a generic or stock engraving, but the exact central vignette incorporated into the final banknote design. The engraving depicts a monumental civic structure rendered with precise architectural detail and controlled perspective. ... Read more →

Paraguay 1907 — Banco de la República 5 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint (Pick Unlisted, Base Pick 156)

Uncirculated 1907 Banco de la República 5 Pesos note, printed by Waterlow & Sons, London, and later transformed by the 1912 Paraguayan emergency revalidation process. The note is based on the original 1907 Banco de la República 5 Pesos issue, cataloged as Pick 156, but this dual-side state and Treasury validation format appears to stand outside the standard catalog listing and is therefore best treated as Pick Unlisted, base Pick 156. The face carries the large oval state overprint “Emisión del Estado – Ley de 11 de Enero de 1912,” while the reverse bears the additional Treasury validation “Departamento de Hacienda – Junta Fiscalizadora – Cincuenta Centavos Oro Sellado – Conforme Decreto de 20 de Mayo 1912.” This dual-side structure places the note among the most historically informative forms of Paraguay’s 1912 provisional paper money. ... Read more →

Paraguay 1907 — Banco de la República 5 Pesos with 1912 State Overprint (Pick 127, Base Pick 156)

Choice Uncirculated 1907 Banco de la República 5 Pesos note, printed by Waterlow & Sons, London, and later revalidated as part of Paraguay’s 1912 emergency state emission. The note is cataloged as Pick 127, created by applying the large oval face overprint “Emisión del Estado – Ley de 11 de Enero de 1912” to the original 1907 Banco de la República 5 Pesos base type, Pick 156. This is the standard cataloged 5 Pesos state-overprint issue and the direct counterpart to the larger 100 Pesos Pick 134 overprint on base Pick 159. ... Read more →

Paraguay 1907 — Banco de la República 5 Pesos Issued Note (Pick 156)

Issued 1907 Banco de la República 5 Pesos note, cataloged as Pick 156 and printed by Waterlow & Sons, London. This is the original, non-overprinted base type from which the later 1912 5 Pesos emergency state-overprint issue was created. In this untouched issued form, without the later “Emisión del Estado” oval stamp and without the additional reverse Treasury validation seen on the dual-side fiscalized variety, the note preserves the full Waterlow & Sons design as Paraguay originally released it under the monetary framework of 1907. ... Read more →