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Danzig, 10 Gulden 1923 - PMG 30 - RARE

PMG 30
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Lot description Show orginal version
Grade: PMG 30
Certificate: PMG 2128435-001
Reference: Miłczak G29, Pick# 41

The highest rarity banknote of the Free City of Gdańsk. A high and sought-after denomination of the first issue of guilders.

A rare item in any condition.

The copy has no invalidation stamp and no perforation, which significantly increases its collector value.

Assessed by PMG with a PMG grade of 30. There are only six items in the PMG register, which perfectly illustrates the rarity of the offered banknote.

Above-average art. Broken in four with a distinct hump on the fracture lines, which proves the complete naturalness of the banknote.

What attracts attention is the exceptionally intense color of the print and the relatively clean surface. A banknote with a lot of printing freshness.

Very good presentation, especially the printed side

One of the rarest Danzig banknotes in attractive, relatively fresh condition. The best art we had at auction!

The Free City of Gdańsk was established in November 1920 under the terms of the Treaty of Versailles. The issue of the currency system was left to the decisions of the city authorities. Initially, the Deutschmark was retained in this area. However, due to the rampant inflation in Germany, it was decided to establish its own currency - the guilder divided into 100 pfennigs. It became legal tender at the end of 1923 and remained until 1939. The paper money issued in Gdańsk featured the iconography of the city.

On November 20, 1923, when the currency was changed from the mark to the guilder, the exchange rate was set at 1 guilder = 750 billion marks. Due to the fact that the decision to change the currency took place on November 6, 1923, there was not enough time to prepare coins and banknotes. Initially, Gdańsk banks established a temporary issuing institution - the Gdańsk Central Bank, which was to operate until March 31, 1924. It issued unilateral temporary paper money in denominations of 1, 2, 5, 10, 25 and 50 pfennigs and 1, 2, 5, 10, 25, 50 and 100 guilders. This money was legal tender until April 30, 1924. After that date, they were exchanged for money from the Bank of Gdańsk (Bank von Danzig) for half a year. The first guilder banknotes of the new Gdańsk issuing institution appeared in circulation in mid-March 1924. They all have the same style. Their graphic design included the city's great coat of arms, elements of urban architecture and sculptural details. All guilder notes were printed at the British securities printing house Bradbury, Wilkinson & Co. Ltd, New Malden, Surrey.



Auction
Limited Auction I "100"
gavel
Date
26 May 2024 CEST/Warsaw
date_range
Start price
2 857 EUR
Grade
PMG 30
Hammer price
6 571 EUR
Overbid
230%
Views: 121 | Favourites: 9
Auction

WÓJCICKI - Polski Dom Aukcyjny

Limited Auction I "100"
Date
26 May 2024 CEST/Warsaw
Lots bidding

All lots are listed to bid

Buyer's premium
20.00%
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WÓJCICKI - Polski Dom Aukcyjny
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Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
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