Gem uncirculated. Graded MS65 by PCGS.
Second highest grade in PCGS population report.
The coin is dated 1939, but was not introduced into circulation until 1941, which is confirmed by surviving documents and which is also reported in his "Specialized Catalogue of Polish Coins of the 20th and 21st Centuries." Mr. Jerzy Chalupski, writing as follows: "Coins with a face value of 1 penny were introduced into circulation on December 17, 1941 Verordnungsblatt des Generalgouverneurs für die Besetzten Polnischen Gebiete = Journal of Regulations of the General Governor for the Occupied Polish Areas. No. 120 of 24.12.1941 p. 726. The ordinance was implemented according to its letter. Most of the one-penny coins are very well preserved and bear slight traces of circulation. The reason, of course, was inflation. If one takes the level of food prices in 1940 as a base, then already in the following year prices rose almost 2.5 times. The ratios for the following years were 4.5 7.5 and 1.03 respectively. Nevertheless, one-penny bills were still being beaten in 1944."
Above the pawns are the initials WJ, Wojciech Jastrzebski, author of the design.
