Collection PL

Honduras 1863 — 5 Pesos Treasury Bond Vale de Hacienda República Libre, Soberano e Independiente (Pick 7)

This 5 Pesos vale de hacienda was issued by the Republic of Honduras under the decree of 2 March 1863 and represents one of the earliest surviving treasury obligations of the Honduran republic. During the mid-nineteenth century Honduras lacked a formal banking system and frequently relied on treasury vales such as this to finance government operations and supplement the limited supply of metallic currency. The document prominently displays the national seal of the 'República de Honduras Libre, Soberano e Independiente', featuring the triangular emblem with radiant sun and landscape motif adopted after independence. ... Read more →

Russia 1920 — Armed Forces of South Russia 100,000 Rubles Treasury Bill (November Issue, Pick S431c)

Six-percent short-term Treasury bill for 100,000 rubles issued by the Government Treasury of the Armed Forces of South Russia during the final phase of the Russian Civil War. This is the November 15, 1920 payable issue (Pick S431c), printed after General Pyotr Wrangel transferred the White administration to Crimea. The note follows the classical Imperial layout: bilingual Russian–French legends, the double-headed eagle in an ornate oval cartouche at left, and a formal typographic bond structure intended to signal continuity with pre-1917 state finance. ... Read more →