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1,000 gold 1945 - MODEL - A. 1234567 - PMG 65 EPQ

PMG 65 EPQ 2-ga nota
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Lot description
Grade: PMG 65 EPQ help
Certificate: PMG 1906837-006
Reference: Miłczak 120Wc

Variant of the design marked with series A. and consecutive numbering. Diagonal red print "MODEL" enclosed in double lines.

Banknote bearing PMG certificate with PMG 65 EPQ grade.

A beautifully preserved banknote with the second highest grade in the PMG register. Natural.

A rarer and sought-after design, eagerly included in circulating banknote collections due to the low availability of a circulating version in an attractive state of preservation.

In 1944, the Polish lands fell under Soviet influence. In 1944, after the expulsion of German troops beyond the Vistula River, the organization of a new monetary system began. In the conditions of the still ongoing war, the return of the Bank of Poland from London was impossible, and the communist authorities did not agree to maintain the activities of the Bank of Issue in Poland. At the end of August, the Central Treasury Fund was established, which issued paper zlotys with an issue date of 1944. The exchange rate of the zloty was equalized with that of the ruble. In mid-January 1945, the National Bank of Poland was established and took over the duties of the central bank. At the exchange of the Polish Emission Bank's zlotys into NBP zlotys, it was allowed to exchange at a ratio of 1:1 the amount of 500 zlotys for each adult.

In order to restore the country's market balance between monetary circulation, wages and prices, a second monetary reform was necessary. The need for it began to be considered in 1947. At that time, they proceeded to prepare new monetary signs in the form of coins and banknotes to be introduced into circulation.

The monetary reform was introduced by the Sejm with the law of October 28, 1950. At that time, a new monetary unit was introduced with a parity of 1 zloty = 0.222168 grams of pure gold. The reference of the value of the Polish currency to the value of gold was purely theoretical, since the 1950 reform broke with the tradition of money being covered by bullion. The parity of the Polish currency, established in 1950, formally survived until 1982, when it was repealed. The law stipulated that between October 30 and November 8, 1950, all post-war banknotes in circulation would be exchanged for new ones dated July 1, 1948. The existing money ceased to be legal tender on October 29, 1950.

The 1950 money exchange had no restrictions on the amount, but there was a very short time limit on the amount. It occurred in the ratio of 100 old zlotys to 1 new zloty. In 1950, prices and wages were converted at an exchange rate of 100:3. The introduction of such a ratio of old to new zlotys at the exchange resulted in a significant decrease in the real value of money held by the population. The implementation of the 1950 reform of the monetary system was intended to prevent inflation and raise the purchasing value of the zloty.

Auction
XIV PREMIUM Auction at the Monopol Hotel ☆☆☆☆☆
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Date
28 September 2024 CEST/Warsaw
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Start price
476 EUR
Grade
PMG 65 EPQ 2-ga nota
Hammer price
1 200 EUR
Overbid
252%
Views: 119 | Favourites: 10
Auction

WÓJCICKI - Polski Dom Aukcyjny

XIV PREMIUM Auction at the Monopol Hotel ☆☆☆☆☆
Date
28 September 2024 CEST/Warsaw
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Buyer's premium
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Grade
Emisyjny stan zachowania
Banknot złamany przez pole zadrukowane
Banknot gięty przez pole zadrukowane
Banknot delikatnie ugięty przez pole zadrukowane, bez kreski pod światło
Niedoskonałości w obrębie rogów Z naruszeniem pola zadrukowanego
Niedoskonałości w obrębie rogów, ale BEZ wpływu na pole zadrukowane
Drobne nagniotki w polu
Rozdarcie na marginesie
Dziurka w polu | Drobna plamka | Pozostałość po przyklejaniu | Adnotacja
Delikatny foxing
Rozwarstwienie papieru
Egzemplarz w stanie drukarskiej świeżości
Egzemplarz naturalny
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WÓJCICKI - Polski Dom Aukcyjny
Contact
Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
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Zwiadowców 9
52-207 Wrocław
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+48 71 30 70 111
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