Banknotes auctions

A very rare issue that was not put into official circulation during the Second Polish Republic; it was used to pay soldiers' pay in September 1939. Nice, natural condition.
PolandNovember Uprising (1830–1831) signed by Henryk Łubieński, commercial director of Bank Polski from 1828 to 1832, Series A, number 49545, thin paper several creases, a tear on the right margin, a mark where an adhesive label was removed
A rare, original reprint from the General Government in good condition. This is the “first” banknote of the German occupation period. It was a transitional issue, produced even before the General Government introduced its own currency. It was machine-printed as red overprints at the PWPW workshops on the 100 zlotych banknotes from the 1932–1934 issue, which were commonly in circulation a...
The first 20-złoty notes of the Second Polish Republic, featuring a distinctive design with a portrait of Tadeusz Kościuszko, are typologically rare and highly sought after by collectors. They were issued in two series: the first bearing the date the złoty was established as the national currency (February 28, 1919), and the second dated July 15, 1924. The second issue was produced in three...
The only banknote from the era of the national uprising—the November Uprising. This issue was a direct response to the acute shortage of złoty coins in circulation. The Warsaw Mint, due to problems obtaining silver (including silver seized by the Prussian authorities), was forced, shortly after the issuance of all denominations began in March 1831, to focus its efforts on small-denomination...
The second-highest denomination of the series, which, due to the Grabski reform, was in circulation for only 7 months.
The first of three denominations in the Duchy of Warsaw’s issue. Bears the seal of the Central Liquidation Commission on the reverse. A variant bearing the signature of Senator Tomasz Adam Ostrowski.
A very well-preserved two-talar coin that was not submitted for redemption to the Central Liquidation Commission— without a stamp. Unstamped thaler notes from the Duchy constitute only a small percentage of the pieces that have survived to the present day. They are sought after and valued regardless of their condition, and collecting a complete set of signatures in the unstamped version is a...

1,000 zlotys 1919

3+ R5
186 EUR
A historically interesting and rare issue. The 1,000 złoty note from the 1919 issue is one of two banknotes that were not put into circulation in 1924, along with the other banknotes from that issue. However, unlike the 5,000 zł note, it had been prepared for circulation (the banknotes were printed with sequential serial numbers, without sample overprints). So why do these rare pieces bear c...
The highest denomination in this issue and, in fact, the highest denomination of any Polish banknote ever issued. A variant with a two-letter series.
Very nice. A variant featuring the clause “Polish tickets...” (instead of “Loan Office Tickets”).
The 100 zlotych Insurrection coin is a rare and hard-to-find denomination. Here, we offer it in excellent condition, with the obverse appearing nearly perfect. This is a completely natural banknote, made of superb, stiff, and “crisp” paper (from the term “crisp” used in English nomenclature). On the obverse, only creases in the upper left corner and the tip of the lower right corner ar...
A form bearing Walenty Sobolewski’s signature and the seal of the Central Liquidation Commission on the reverse. Four-digit serial number (5- and 6-digit numbers are also known for this commissioner). Rarer.
Variant with a two-digit series - A.
The first issue of the 50 złotych note, from 1925, was supplemented in circulation four years later by the 1929 issue, which featured the same design. Both circulated in the country simultaneously until World War II. The last series of 1-lira notes.
Today, much like the monetary Constitution depicted in this banknote’s design, this issue is of great interest to collectors. It is the higher denomination of the two small-denomination banknotes introduced in May 1925. These banknotes were the Ministry of the Treasury’s response to the prolonged shortage of 2 zlote and 5 zlotych silver coins. The banknotes of this issue were in circulatio...
The rarest series of 100-zloty Insurrection banknotes. Series C, which, according to Robert Jadrych’s research, was produced in one of the lowest print runs among all Insurrection banknotes. Significantly rarer than Series A and B, and in this case, additionally in beautiful condition. This is an excellently preserved piece. It has only one clean, horizontal crease. Its spine, visible from t...
The second-highest denomination issued, which, due to the Grabski reform, was in circulation for only 7 months. The first series of the issue.
A piece that has undergone conservation. A copy bearing Walenty Sobolewski’s signature and the seal of the Central Liquidation Commission on the reverse. Five-digit serial number.
Mounted on cardboard (previously mounted, old paper). The only banknote from the era of the national uprising—the November Uprising. A variant bearing the signature of Henryk Łubieński—rarer than the one signed by Głuszyński.

Romania, Republic, 500 Lei 1949

PMG 66 EPQ Gem UNC
130 EUR
Only 1 Finer Known! In 66EPQ: 10Exceptional Paper Quality
The lowest denomination, but also the hardest to find in good condition. A nice, clean piece with no tears. Only slight wear is visible along the edges of the paper where they meet the center fold. The stamps are clearly visible. The banknote has been gently cleaned—but this was done very skillfully, without noticeably compromising its natural appearance. A variant bearing the signature of M...
This is the last production variant with the serial number printed twice on the reverse—repeated at the bottom on the right and left sides. Berlin IV-type numbering die. An additional feature of this piece is the presence of the digit 4 in the number, which is one of the characteristic features of this numbering system.
This is historically the first “State Ticket” issued by the Ministry of the Treasury during the Second Polish Republic. Issued on October 26, 1926, it was put into circulation in March 1927. It supplemented the money supply with the 5 zlotych denomination, which was missing at the time (the first “Nike” banknotes did not enter circulation until July 25, 1928).
20 mkp trimmed at the top margin, 50 mkp slightly flattened.
The first 5-złoty banknote of the Second Polish Republic. It is the only banknote in the entire “1919” series to feature a portrait other than that of Tadeusz Kościuszko. It bears a bust of Prince Józef Poniatowski, designed by the engraver Eugene Gasperini, who was working in France.
A beautiful, bank-quality piece. Uncirculated. Its appearance has been recognized with the very rare high grade of PMG 65 EPQ. A variant featuring the clause “Polish National Loan Fund tickets.” This is the last production variant with the serial number printed twice on the reverse—repeated at the bottom on the right and left sides. Berlin IV-type numbering machine (with more ornate nume...
A typologically significant issue—the first truly Polish banknote of the early Polish People’s Republic period. It was introduced to replace the highest denominations of the “Lublin” series, which were gradually being withdrawn from circulation. It was the only banknote issued in 1945. First series (A).

Romania, Republic, 3 Lei 1966

PMG 66 EPQ Gem UNC
260 EUR
Exceptional Paper Quality
PolandThe Second Polish Republic (1918–1939) — issues prior to Władysław Grabski’s reform Series C, serial number 1674002 numerous creases and folds in the paper
PolandThe Second Polish Republic (1918–1939) — issues prior to Władysław Grabski’s reform Series C, serial number 0573191 two vertical creases, minor bends and creases in the paper; a rare type of banknote
Visually appealing, but restored by a conservator. The restoration is quite extensive but well done. The first banknote of the Second Polish Republic. A highly regarded issue released by the Directorate of the Polish National Loan Fund.
Banknotes after conservation treatment.
PolandThe Second Polish Republic (1918–1939) — issues prior to Władysław Grabski’s reform Series I, serial number 5273849 creases, paper wrinkles, small tears
The smallest denomination of the 1919 issue. The first paper zloty of the Second Polish Republic. Variant with a two-digit series—A.
A banknote featuring a partially visible, rare C & I Honig watermark, from the side of the sheet without the coat of arms. Extremely rare. More information in the attached video.
Distinctly blue color scheme of the main print A rare variant, most likely a misprint.
Trimmed edges. The second-highest denomination of the issue, which, due to the Grabski reform, was in circulation for only 7 months.

2 zlote, 1925

3
116 EUR
One of two temporary banknotes from the May 1925 issue. These are rare banknotes, highly prized by collectors, issued by the Ministry of the Treasury. Under Grabski’s reform, they served as a means of supplementing the money supply with missing denominations. The State Treasury was authorized to issue such notes and then gradually withdraw them from circulation and exchange them for coins or...
People's Republic of Poland, 500 zlotych, 1946 E. Condition: 4. Spot restoration on the upper margin. References: Miłczak 121a
A beautiful, uncirculated specimen, graded highly by PMG, with an EPQ notation. The highest denomination of the "1919" issue (the 1,000 and 5,000 banknotes were not put into circulation during the Second Polish Republic). A variant with a high numerator.
A typologically significant issue. The first truly Polish banknote of the early Polish People’s Republic period. Introduced to replace the highest denominations of the “Lublin” series, which were gradually being withdrawn from circulation. It was the only banknote issued in 1945. First series (A).
A unique specimen that is the highlight of this specialized collection of Free City of Gdańsk banknotes. A color proof of the 1932 20-gulden note , unseen on the market, in excellent condition. Not listed in Czesław Miłczak’s catalog, which described as many as 13 different design variations of the 1932 20-gulden note. It stands out for its unique, distinct color scheme— blue —whereas...
One of the first banknotes of the Free City of Gdańsk. This is one of three denominations issued with the date 1922 (subsequent issues did not appear until March 1923).
PolandThe Second Polish Republic (1918–1939) — issues prior to Władysław Grabski’s reform serial number 917839 creases, minimal tears, soiled paper
People's Republic of Poland, 500 zlotych, 1976, AG. Very rare.
Naturally circulated. On the reverse, there is an old patch made of dry, parchment-like tape. The first banknote of the Second Polish Republic. A highly prized issue released by the Directorate of the Polish National Loan Fund. Numbering begins with 79...

Poland, 100 zlotych, January 15, 1975

PMG 68 Super Gem UNC
69 EUR
PolandPeople's Republic of Poland (1952–1989) Initial AA series, serial number 3582990 Excellent, in PMG packaging No. 2463782-088, graded 68 Super Gem UNC EPQ