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Pewex, $1 1960 - Bd - no clause - PMG 63 EPQ - RARE

PMG 63 EPQ
Top Pop only one 63
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Lot description Show orginal version
Grade: PMG 63 EPQ
Certificate: PMG 1907524-034 Top Pop only one 63
Reference: Miłczak B5a

Variety without a clause on the reverse, definitely less frequently noted than the variant with a clause.

A very rare, virtually unlisted series.

The banknote bears the PMG certificate with the PMG 63 EPQ grade.

A natural piece.


During the communist period, in addition to the banknotes of the National Bank of Poland, commodity vouchers circulated. They authorized the purchase of scarce goods unavailable in regular stores. Possession of dollar bills allowed the purchase of goods without standing in lines. These vouchers were the second "better currency".

In the late 1950s, a project was developed to create a nationwide network of stores where attractive goods could be purchased with foreign currencies. The economy of "People's Poland" needed foreign currency, and in order to keep it, it was decided to introduce substitute means of payment. These were commodity vouchers based on the U.S. dollar. People who received money transfers from abroad in foreign currency could not withdraw it in real banknotes, but only in the form of commodity vouchers. These substitute means of payment could be used to pay at Pewex stores (buying goods), Lokum (buying an apartment) or Polmot (buying a car). Goods vouchers entitled people to buy scarce goods out of line. Pekao vouchers were also issued at the National Bank of Poland. Merchandise vouchers lived to see three issues - 1960, 1969 and 1979, with the highest denomination in each being $100. They were printed with simple ornamental decoration limited to guilloches and denomination information. Commodity vouchers circulated in domestic circulation as the second "better" currency from January 1, 1960 to December 31, 1990.

Auction
XII Premium Auction at the Monopol Hotel ☆☆☆☆☆
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Date
29 September 2023 CEST/Warsaw
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Start price
225 EUR
Grade
PMG 63 EPQ
Top Pop only one 63
Hammer price
669 EUR
Overbid
298%
Views: 124 | Favourites: 7
Auction

WÓJCICKI - Polski Dom Aukcyjny

XII Premium Auction at the Monopol Hotel ☆☆☆☆☆
Date
29 September 2023 CEST/Warsaw
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WÓJCICKI - Polski Dom Aukcyjny
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Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
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