5% Treasury Ticket - Series II, 5,000 mkp
Series II was issued on April 1, 1921 for the sum of 5 billion mkp, then under the law of July 30, 1921, the size of the issue was increased to 15 billion mkp. The maturity date was February 1, 1922. The tickets bore interest at 5% per annum. Upon request, these tickets could be redeemed before the maturity date (at the daily value) and accepted on deposit by the Central State Treasury, Treasury Funds, Tax Offices and PKKP branches (without charging fees or commissions). The daily value table was placed on the reverse side of the ticket. The issue was time-barred after 10 years, i.e. on February 1, 1932. According to the last list of debts that distinguished the various series of treasury tickets (dated July 1, 1929), the unredeemed amount of tickets of this series was 22,425,000 mkp (0.15% of the total issue).
Only 4 pieces known on the collector's market.
An extremely rare treasury ticket, highly recommended!
format_quoteSeries II treasury tickets are now the rarest of the four series of markup currency treasury tickets issued between 1920 and 1923 - this is related to the fact that the redemption date of this series was the first of all the treasury tickets issued, and most of them were redeemed (these tickets had a 10-month redemption period, falling on February 1, 1922; the inflation of the mark was yet to gain momentum). These tickets were also much more popular than Series I tickets. This popularity was influenced by the fact that the compulsion on Treasury creditors to accept them had been lifted. The series consisted of three denominations: 5,000 mkp, 10,000 mkp and 100,000 mkp. Currently, I know of only 4 pieces of 5,000 mkp tickets, 2 pieces of 10,000 mkp tickets and a unique piece of 100,000 mkp located in the Numismatic Collection of the National Bank of Polandformat_quote
