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Not your average specimen
SYRACUSIAN
Posts: 6,448 ✭✭✭✭
I've been after this particular specimen for almost a year now.
The seller, chose to certify it to... you know who, against my advice.
Nevertheless, it's a specimen that was meant to be used by some cashiers of the National Bank
to check the authenticity of the issued notes.
On the backside, you'll see "24 Ge????? ?aµ?a?" = "General Cashier No 24"
These notes were printed in 1921 and 1922, mostly to pay high ranked army officers that were stationed in Turkey. 1000 drs was a huge amount for that time. However, after the loss of Constantinople in 1923 by Kemal Ataturk's troops, the entire Greek army (that was fighting non stop for 10 consecutive years, starting by consecutive victories in the Balkan wars 1913-1917, liberating the entire North of Greece, passing victorious from WW1 too and ending in the 1923 disaster of losing yet again Constantinople and several other towns in the coast of Turkey) was being repatriated along with a couple of million refugeees and the majority of these notes.
P69 is a note that is practically impossible to find in unc in its issued form. I do not agree with PCGS/banknote's grade either, the note is pristine, albeit roulette cancelled 4 times (!) ,which I assume was the reason for the 62 OPQ.I'll have it regraded by PMG at the first chance I get
Other than that, this note had made the cover of Krause in 2012 and is for the time being, the centerpiece of my collection.
The seller, chose to certify it to... you know who, against my advice.
Nevertheless, it's a specimen that was meant to be used by some cashiers of the National Bank
to check the authenticity of the issued notes.
On the backside, you'll see "24 Ge????? ?aµ?a?" = "General Cashier No 24"
These notes were printed in 1921 and 1922, mostly to pay high ranked army officers that were stationed in Turkey. 1000 drs was a huge amount for that time. However, after the loss of Constantinople in 1923 by Kemal Ataturk's troops, the entire Greek army (that was fighting non stop for 10 consecutive years, starting by consecutive victories in the Balkan wars 1913-1917, liberating the entire North of Greece, passing victorious from WW1 too and ending in the 1923 disaster of losing yet again Constantinople and several other towns in the coast of Turkey) was being repatriated along with a couple of million refugeees and the majority of these notes.
P69 is a note that is practically impossible to find in unc in its issued form. I do not agree with PCGS/banknote's grade either, the note is pristine, albeit roulette cancelled 4 times (!) ,which I assume was the reason for the 62 OPQ.I'll have it regraded by PMG at the first chance I get
Other than that, this note had made the cover of Krause in 2012 and is for the time being, the centerpiece of my collection.
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http://www.depressionscrip.com
Always looking for more depression scrip -- PM me if you have any for sale or trade
Front centering is a tad off. IMO it is a slam dunk 64 / shot at 65. By no means is it a 62.
Strict grading is good, but there comes a point where it gets to be too much.
Looking for CU $1 FRN 20160523 - any series or block. Please PM
Retired
myEbay
DPOTD 3
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
President, PCGS Currency
jbradford@pcgscurrency.com
Jason,not that I'm anyone special,but,you continue to impress me!
+1 Kudos!
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
I'll offer to grade the note for free, just to get the grade right and done by the REAL PCGS Currency.
Jason, I just saw this, sorry! And thank you so much!
The thing is that capital controls imposed in Greece since July 2015 do not allow me to use my credit card outside the borders of Greece, nor can I add funds to my PayPal account from my bank account or credit card.
But I think I can still send the note to Dennis H. who's in the Netherlands right now at the Volkenburg show. I might still have a shot at sending this on time.(with a photocopy of this page if needed). Thank you anyway!
myEbay
DPOTD 3
I'll offer to grade the note for free, just to get the grade right and done by the REAL PCGS Currency.
TRUTH
Wish my note had a 62 PPQ , its more like VF 30 , but I'm happy with it.
Congrats Dimitri
Wish my note had a 62 PPQ , its more like VF 30 , but I'm happy with it.
Andres, your note is an issued one, and not a specimen. And a very well preserved one too.
My next scheduled purchase is a (too good for its grade) P69a (issued note) in ICG VF35.
Spanish ICG is the potential future partner of PCGS currency as it had been announced.
It might not be a commercial company, and the ICG graded notes never achieve similar results to PMG or PCGS,
but it's very tough on its grading and extremely consistent.
I have an image stored somewhere of this VF35 for which I shook hands with its seller,
in order for him NOT to sell it at the Valkenburg show.
Speaking of which I was informed that the note in the OP, P69s that was fedexed two days ago and had arrived at the show since yesterday, had been through a walkthrough grading at Valkenburg (in order for the note to be ready by Saturday and mailed to me in return, before the PCGS team reaches the US again),
that discovered some sort of fold in the lower left corner and it is going to be downgraded.
It was left to my discretion if I wanted to proceed and have the note downgraded to PCGS 58 PPQ
or to leave it in its old holder ......., at 62 OPQ. I chose the former of course.
D
myEbay
DPOTD 3
Anxious to see the circulated VF 35 Pick 69a.
Bought this aUNC 10 Drachma 1954 recently:
Dad 1916-2014
Here's another detail , the coin pictured on the obverse top side is a Tetradrachma from Ptolemy I, General and bodyguard in Alexander's Army, Ptolemy became King and Pharaoh of Egypt after Alexander's death in 323 BC.
*many greek banknotes show ancient greek coins, try to collect all of these coins too.
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
It shouldn't be news to you, that your brand new 1954 10 (new) drachmai, is actually the holy grail of every 20th century Greek collection in grades AU-UNC.
I believe that a PMG 58 EPQ sold for $750 recently at HA.com, a very low amount compared to the $3K-$3.5K that it would have cost in a 63+ holder.
I don't think I've met more than 2-3 old timers, so well informed on the multitude of ancient coins' designs found in so many Greek banknotes.
This information is rarely given by catalogues, and much less descriptions.
Congrats on the 10 Drs, not sure if you also have the blue 20 Drs 1954 yet.
If we put aside my obsession for unc notes, and the third party grading,
you are simply light years ahead of me.
In fact I wonder why you still buy modern notes instead of the National Bank pre 1927 issues.
myEbay
DPOTD 3
@ yes, I have the 20 Drachma Nea Ekdosis 1954 in very fine 20
I'm bidding right now on a Corianthian stater as pictured on the 10 Drachma Nea Ekdosis 1954 banknote (far left and far right side)
The Akragas eagle (top right) was just bought by a member on CT for $13.000,- , hmm looking for a more affordable one.
Here are the four coins I currently own.
Athens tetradrachm owl and a bull from a Seleukos I bronze coin.
2 Tetradrachms Alexander as Heracles and his father Philip II as Zeus.