Rare Ukrainian specimen – 25 Karbovantsiv from 1919. The note is decorated with rich floral ornamentation, featuring the national Tryzub emblem in the center and elaborate cartouches with the denomination. The design is printed in brown tones. On the reverse, a bold red overprint “ЗРАЗОК” (specimen) is clearly visible, along with the trial serial number AA000000.
Graded by PMG as 40 Extremely Fine.
The only piece graded by PMG.
A rarely encountered specimen from Ukraine’s independence-era issues.