A rare post-war banknote of the rarest variety marked with a single-letter series. Wanted and put into collections in virtually any state of preservation.
Piece with traces of circulation, but with correct presentation. Minor repairs according to PMG, but according to us the bill makes a good, natural impression.
The rarity of this variety is the result of the very high, even over-the-top purchasing power that the 500 zloty denomination carried when it was introduced into circulation. Colloquially, the "Dirt" commanded widespread respect among the population. The average salary in 1950 when this denomination was introduced into circulation was about 550 zlotys, and five years later 1008 zlotys. This means that one "Dirt" was enough to pay the average salary in 1950, while five years later only two. Only a few could afford to put aside a banknote with such a high purchasing power, which is why it is such a rare item on the collector's market.
It's likely that all of the uniform series were put into circulation, making this banknote the rarest and most sought-after banknote of the communist period in issue condition.
The 1950 monetary reform declared the 1946 and 1947 banknotes obsolete and introduced the 2, 5, 10, 20, 50, 10 and 500 zloty banknotes dated July 1, 1948. These banknotes were printed in Lodz (2, 5 zlotys), Budapest (10, 20 zlotys), Stockholm (50 zlotys), Prague (100, 500 zlotys), and later printing was handled by the State Securities Printing House in Warsaw.
