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1/2 mark 1916 - General - A 0007537 - PMG 64 - rare variety with cherry numerator

PMG 64
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Lot description Show orginal version
Grade: PMG 64
Certificate: PMG 2270671-027
Reference: Miłczak 1a1

A very rare variant of series I with the erroneous clause "Jeneral-Government".

Pieces marked with a low four-digit serial number and a distinctive cherry-colored numerator.

The cherry-colored numerator was used only for the first batches of printed banknotes, whose numbering begins with at least three zeros. The vast majority of the mintage received numbering in red.

The variety has only recently been included in the professional literature, although it has long been recognized by collectors. Known from several listings, but mostly in circulated states of preservation.

Offered piece in issue condition, as evidenced by a very good PMG 64 listing.

A natural piece and beautiful in presentation.

An inconspicuous, but in the condition presented, high rarity variety. This is the best preserved piece we have had the opportunity to offer at our auctions. An item missing in issue condition in many advanced collections.


In August 1915, the General-Governorate of Warsaw was established on part of the territory of the Russian Empire occupied by the German army. On November 5, 1916, the Governor-Generals of both occupation zones issued the Act of November 5. Under a decree of December 9, 1916, the German occupation authorities established an issuing institution - the Polish National Loan Fund, which opened on April 26, 1917.

The PKKP was the issuer of the Polish mark divided into one hundred fenigs, whose rate was equalized with the German mark. Iron phenig coins and paper Polish marks were introduced into circulation. The Polish Republic, reborn in 1918, initially did not even have a substitute for its own treasury, so the Polish mark was recognized as a currency.

The reborn Polish state took over and polonized the PKKP. The stock of Polish marks printed in Berlin, inherited from the General Government of Warsaw, was allowed into circulation in its entirety.

Polish marks were put into circulation on April 26, 1917, with a guarantee of repayment up to one billion German marks. The Germans prepared two issues of paper money. The first, commonly called "jeneral" by collectors, consisted of six denominations that had syntax errors. Therefore, a second issue was prepared with corrected inscriptions and three denominations were added: 5, 10 and 1,000 Polish marks. These banknotes, called "general" by collectors, were put into circulation between July and November 1917, except for the highest denomination which hit the market in January 1918.


Auction
XIII Premium Auction at the Monopol Hotel ☆☆☆☆☆
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Date
09 March 2024 CET/Warsaw
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Start price
950 EUR
Grade
PMG 64
Hammer price
2 352 EUR
Overbid
248%
Views: 169 | Favourites: 15
Auction

WÓJCICKI - Polski Dom Aukcyjny

XIII Premium Auction at the Monopol Hotel ☆☆☆☆☆
Date
09 March 2024 CET/Warsaw
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WÓJCICKI - Polski Dom Aukcyjny
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