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2 marks 1916 - General - B - PMG 66 EPQ.

PMG 66 EPQ
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Lot description Show orginal version
Grade: PMG 66 EPQ
Certificate: PMG 1827083-054
Reference: Miłczak 9b

Variety with the correct "general-government" clause.

The banknote bears a PMG certificate with a PMG 66 EPQ rating.

A natural piece.

A difficult item to acquire in such an excellent note from PMG.


In August 1915, the General-Government of Warsaw was established in 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
119 EUR
Grade
PMG 66 EPQ
Hammer price
485 EUR
Overbid
408%
Views: 77 | Favourites: 17
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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Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
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