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5 gold 1794 - N.F.2 - with error "wszlkich" - rare variety

F+
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Lot description
Grade: F+ help
Reference: Miłczak A1f

One of the rarest varieties of Kosciuszko tickets.

A variant of the second series with an error ...wszlkich. Additionally, in our opinion the rarest F series.

Piece printed on paper without additional watermark elements.

Fractures and deflections through the field. Edges locally nicked with small tears in the unprinted field.

Natural piece, correctly colored with nicely preserved lilac color of paper. Dry stamps still legible. Banknote without the slightest trace of conservation corrections.

A great rarity, one of the rarest series of the long Insurrection.

The Kościuszko Ticket being the subject of the auction is an item for the most specialized collection of the Kościuszko Insurrection period, definitely recommended!

In the Polish lands, the introduction of paper money into circulation was connected with expenses related to the outbreak of the Kosciuszko Insurrection. Its issuer was the Directorate of Treasury Tickets established by the Supreme National Council. In terms of value, treasury tickets were equated with coinage. Obligations to the Treasury could be paid a maximum of 50% in paper money and the remainder in coins. This condition resulted in its negative reception by the public. In the future, the redemption of treasury tickets was to be financed from national wealth. For counterfeiting paper money, the death penalty was stipulated, as well as the confiscation of all the perpetrator's property. On September 29, 1794, in order to strengthen confidence in treasury tickets, the National Supreme Council authorized the regulation of the entire amount in paper pennies and zlotys. Due to the failures of the uprising, public confidence in paper money was declining. The population preferred to accept bullion money in settlements. The range of issuance of the first Polish paper money was small - it was introduced on a large scale only in Warsaw. After the capture of the capital on November 6, 1794, tickets of all denominations for a total of 7.8 million Polish zlotys remained in the hands of the population.

On June 8, 1794, the Supreme National Council passed a resolution establishing an issuing institution - the Directorate of Treasury Tickets - and introducing treasury tickets in denominations: 5, 10, 25, 50, 100, 500 and 1000 Polish zlotys. Treasury tickets with an issue date of June 8, 1794 are very similar. They are one-sided printings in the form of a standing rectangle differing only in color and border detail. Each denomination was hand-numbered and signed by two or three representatives of the Treasury Ticket Directorate. In addition, each ticket bears the dry seal of the Treasury Ticket Directorate.

After printing, paper money of equal denomination was stapled together in the form of a cloth-bound "booklet." When they were put into circulation, they were hand-cut from them by which tickets of the same denomination differed in size and in the shape of the top edge. The part that remains in the "booklet" and the coin released into circulation have the same number.

Auction
XIV PREMIUM Auction at the Monopol Hotel ☆☆☆☆☆
gavel
Date
28 September 2024 CEST/Warsaw
date_range
Start price
595 EUR
Grade
F+
Hammer price
2 000 EUR
Overbid
336%
Views: 282 | Favourites: 16
Auction

WÓJCICKI - Polski Dom Aukcyjny

XIV PREMIUM Auction at the Monopol Hotel ☆☆☆☆☆
Date
28 September 2024 CEST/Warsaw
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Emisyjny stan zachowania
Banknot złamany przez pole zadrukowane
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About the Seller
WÓJCICKI - Polski Dom Aukcyjny
Contact
Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
room
Zwiadowców 9
52-207 Wrocław
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+48 71 30 70 111
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