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Standard Catalog of World Paper Money, General Issues, 1368-1960 PDF

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WORLD 1368-1960 SIX CENTURIES OF Standard 15th Edition WORLD PAPER MONEY Catalog of® The Standard Catalog of World Paper Money, General Issues, WS t 1368-1960, remains the most comprehensive reference a PAPER MONEY of its kind on the market. With input from more than n 75 worldwide contributors and auction houses, the 15th Od a edition of this impressive catalog again proves to be the r best single-source volume for listings, identification and d R values of nationally used bank notes. C a Featuring nearly 600 years of bank notes from more than Lt a 230 issuing authorities worldwide, the catalog includes: l General Issues • 1368-1960 D o • 27,500 bank note varieties with values in three grades g of preservation o • More than 12,000 images to assist in easy identification Pf Edited by George S. Cuhaj 15th Edition ® • Easy to follow charts to aid in prompt cataloging A • Current and completely vetted valuations from more than 75 contributors and auction houses P Grand in scope and size, The Standard Catalog of World Paper Money, General Issues, 1368-1960, provides everything E needed for proper identification and evaluation R of your world bank notes in today’s growing market. M G COMPANION VOLUMES TO COMPLETE YOUR LIBRARY: e WORLD Standard n Catalog of® PAPER MONEY GEORGE S. CUHAJ has been on the eO editorial staff of the Standard Catalog r Modern Issues • 1961-Present of World Coins and the Standard Catalog a Edited by George S. Cuhaj 21st Edition of World Paper Money for over 20 years. l He is editor for the on-line product IN NumisMaster, as well as Canadian Coin s Digest and the Standard Catalog of United s States Paper Money. He was formerly with uE the American Numismatic Society and e 13,750 The World’s Authority on Paper Money IllDusettraailteiodn s Stack’s Rare Coins, both of New York City. sY US $90.00 T4094 (CAN $100.00) CUHAJ 12,000 ISBN-13: 978-1-4402-4267-0 ISBN-10: 1-4402-4267-4 59000 Detailed C P U0 FnL1 04 0120 01 JUYrVyBQdWJsaWNhdGlvbnMsIEluYyAo 02 SW9sYSBkaXZpc2lvbikPR3JlZ29yeSBL 03 cnVlZ2VyAFNpKWgCMTMDMTAwATEFVVBD 04 LUEMMDc0OTYyMDE3NzQx+A== 74962 01774 1 AN The World’s Authority on Paper Money Illustrations E www.shopnumismaster.com 9 FnL1 04 0124 01 JUYrVyBQdWJsaWNhdGlvbnMsIEluYyAo 02 SW9sYSBkaXZpc2lvbikPR3JlZ29yeSBL 03 cnVlZ2VyAFNpJtoEMTAuNAI4MAExBkVB 04 Ti0xMw05NzgxNDQwMjQyNjcwAA== 781440 242670 CCoovveerr__TT44009944..iinndddd 11 1100//1177//1144 22::1177 PPMM WORLD Standard ® Catalog of PAPER MONEY General Issues • 1368-1960 Edited by George S. Cuhaj 15th Edition The World’s Authority on Paper Money 00000011--00002244__TT44009944..iinndddd 11 1100//1177//1144 33::2299 PPMM Copyright ©2014 F+W Media, Inc. All rights reserved. No portion of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher, except by a reviewer who may quote brief passages in a critical article or review to be printed in a magazine or newspaper, or electronically transmitted on radio, television, or the Internet. Published by Krause Publications, a division of F+W, A Content + eCommerce Company 700 East State Street • Iola, WI 54990-0001 715-445-2214 • 888-457-2873 www.krausebooks.com To order books or other products call toll-free 1-800-258-0929 or visit us online at www.shopnumismaster.com ISSN 1538-2001 ISBN-13: 978-1-4402-4267-0 ISBN-10: 1-4402-4267-4 Cover Design by Jana Tappa Designed by Sandi Carpenter Edited by George S. Cuhaj Printed in the United States of America 00000011--00002244__TT44009944..iinndddd 22 1100//1177//1144 33::2299 PPMM Introduction 3 Introduction Welcome to this 15th edition of the Standard Catalog of World An Invitation Paper Money, General Issues. Users of this catalog may fi nd a helpful adjunct to be the Bank For those of you already familiar with this volume, we have Note Reporter, the only monthly newspaper devoted exclusively to continued to enhace our image quality and expand our descriptions. North American and world paper money. Each issue presents up-to- Numerous additions have been made to the variety listings as new date news, feature articles and valuable information. All purchasers information becomes available. Extensive specimen variety listings of this catalog are invited to subscribe to the Bank Note Reporter. See continue to be added throughout. www.ShopNumismaster.com. This volume presents bank notes issued by governments, national banks or the few regional banks which circulated over a large area. A review of modern paper Companion volumes to this edition are the Standard Catalog of World money collecting Paper Money, Specialized Issues which covers bank notes issued on a regional and local level in addition to military and foreign exchange Paper money collecting is probably as old as paper money itself. issues and the Standard Catalog of World Paper Money, Modern However, this segment of the numismatic hobby did not begin to Issues – 1961 to present which lists bank notes of a national scope reach a popularity approaching that of coin collecting until the latter dated since 1961. half of the 1970’s. While coins and paper money are alike in that both For the ease of identifi cation, notes are listed under their historic served as legal obligations to facilitate commerce, long-time paper country identifi cation (British Honduras is no longer hidden within money enthusiasts know the similarity ends there. Belize). North Korea and South Korea are now under N and S Coins were historically guaranteed by the intrinsic value of respectively, not under K. Northern Ireland is under N. If you have a their metallic content - at least until recent years when virtually all concern, please consult the country or bank issuer index. circulating coins have become little more than legal tender tokens, Notes of a particular bank are listed in release date order, and then containing little or no precious metal - while paper money possesses grouped in ascending denomination order. In the cases of countries a value only when it is accepted for debts or converted into bullion where more than one issuing authority is in effect at a single time, or precious metals. With many note issues, this conversion privilege follow the bank headings in the listings and it will become apparent if was limited and ultimately negated by the imposition of redemption that country’s listing is by date or alphabetical by issuing authority. In cutoff dates. the cases where a country had changed from a kingdom to a republic The development of widespread collector interest in paper money all the banknotes of the kingdom’s era would be listed before that of of most nations was inhibited by a near total absence of adequate the republic. Please use the extensive Bank Note Issuer Index in the documentation. No more than four decades ago collectors could introduction area of this book startng on page 8. refer to only a few catalogs and dealer price lists of limited scope, If you wish to contribute images, please contact us fi rst and most of which were diffi cult to acquire, or they could build their own follow the guidelines as set forth in the information notices placed knowledge through personal collecting pursuits and contact with throughout the book. We can accept them as JPGs, and preferably fellow collectors. on a disc, rather than as an email attachment. My email address is The early catalogs authored by Albert Pick chronicled issues of [email protected]. Europe and the Americas and were assembled as stepping-stones to the ultimate objective, which became reality with publication Table of Contents of the fi rst Standard Catalog of World Paper Money in 1975. That work provided collectors with fairly complete listings and up-to- Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 date valuations of all recorded government note issues of the 20th century, incorporating Pick’s previously unpublished manuscripts on Country Index. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Africa, Asia and Oceania, plus many earlier issues. Acknowledgements. . . . . . . . . . . . . . . . . . . . . . . . . . 5 The completely revised and updated 21th Edition of Volume III, How To Use This Catalog . . . . . . . . . . . . . . . . . . . . . 6 Modern Issues, along with this companion 15th Edition Volume II General Issues, presents a substantial extension of the cataloging Issuer and Bank Index. . . . . . . . . . . . . . . . . . . . . . . . 8 effort initiated in 1975 and revised in succeeding editions. As the Foreign Exchange Table. . . . . . . . . . . . . . . . . . . . . . 15 most comprehensive world paper money references ever assembled, Standard International Grading they fully document the many and varied legal tender paper currencies issued and circulated by over 380 past and current government Terminology & Abbreviations. . . . . . . . . . . . . . . . 16 issuing authorities of the world from 1360’s to present. IBNS Grading Standards. . . . . . . . . . . . . . . . . . . . . 17 Falling within the scope of the Specialized Issues volume are IBNS Membership Application . . . . . . . . . . . . . . . . 18 all state, local, municipal and company issues which circulated under auspices of recognized regional governments ands and their Bank Note Printers . . . . . . . . . . . . . . . . . . . . . . . . . 19 banking agents - thus notes which enjoyed limited circulation in their Specimen Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 respective countries. Exceptions are the multitudinous notes of the German states and cities, especially those of the World War I and Dating. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 postwar period to 1923, and the vast category of Chinese local issues International Months. . . . . . . . . . . . . . . . . . . . . . . . 21 and similar limited-circulation issues of other countries. Guide to International Numerics. . . . . . . . . . . . . . . 22 George S. Cuhaj Standard International Numeral Systems . . . . . . . . 23 Editor Hejira Date Conversion Chart . . . . . . . . . . . . . . . . . 24 00000011--00002244__TT44009944..iinndddd 33 1100//1177//1144 33::2299 PPMM 4 Country Index Country Index Afghanistan ...............................25 Faeroe Islands .........................465 Kuwait .....................................783 Qatar & Dubai .......................1004 Albania ......................................29 Falkland Islands ......................466 Lao ..........................................784 Reunion ................................1005 Algeria .......................................33 Fiji ..........................................468 Latvia ......................................786 Rhodesia & Nyasaland ..........1008 Andorra .....................................42 Finland ....................................475 Lebanon ..................................791 Romania ................................1010 Angola .......................................42 France .....................................483 Leeward Islands ......................797 Russia ...................................1122 Argentina ..................................48 French Equatorial Africa ..........503 Liberia .....................................797 Rwanda-Burundi ...................1050 Armenia ....................................56 French Guiana .........................507 Libya .......................................798 Saar ......................................1051 Austraia .....................................67 French India ............................509 Liechtenstein ...........................800 Saint Helena ..........................1052 Australia ....................................59 French Indo-China ...................511 Lithuania .................................800 Saint Lucia ............................1053 Azerbaijan .................................88 French Oceania .......................523 Luxembourg ............................804 Saint Pierre & Miquelon ........1053 Azores .......................................89 French Somaliland ..................524 Macau .....................................810 Saint Thomas & Prince .........1055 Bahamas ...................................91 French Sudan ..........................528 Madagascar ............................815 Saint-Louis ..............................530 Barbados ...................................93 French West Africa ..................528 Madeira Islands .......................818 Salvador ..................................452 Belgian Congo ...........................94 Georgia ...................................533 Malaya ....................................819 Samoa ...................................1269 Belgium ...................................101 German East Africa .................535 Malaya & British Borneo .........822 Sarawak ................................1058 Bermuda .................................114 German New Guinea ...............539 Maldives ..................................824 Saudi Arabia ..........................1061 Bohemia and Moravia .............116 German South West Africa ......540 Mali ...............................825; 1267 Scotland ................................1062 Bolivia .....................................118 Germany .................................541 Malta .......................................826 Senegal .......................1075; 1268 Brazil .......................................125 Germany, Democratic Martinique ...............................828 Serbia ....................................1076 British Caribbean Territories ....142 Republic ............................564 Mauritania .............................1268 Seychelles .............................1080 British Guiana .........................143 Germany, Federal Republic .....568 Mauritius .................................833 Sierra Leone ..........................1082 British Honduras .....................145 Ghana ......................................571 Memel .....................................836 Slovakia ................................1083 British North Borneo ...............147 Gibraltar ..................................572 Mexico ....................................837 Solomon Islands ...................1085 British West Africa ..................149 Gilbert & Ellice Islands ............574 Moldova ..................................845 South Africa ..........................1086 Bulgaria ...................................150 Grand-Bassam ........................530 Monaco ...................................845 South Korea ..........................1092 Burma .....................................168 Great Britain ............................574 Mongolia .................................846 South Viet Nam .....................1095 Cambodia ................................174 Greece .....................................583 Montenegro ............................849 Southern Rhodesia ...............1097 Cameroun ...............................177 Greenland ................................604 Morocco ..................................851 Southwest Africa ...................1099 Canada ....................................178 Grenada ..................................608 Mozambique ...........................857 Spain .....................................1101 Cape Verde ..............................187 Guadeloupe .............................609 Nepal .......................................862 Straits Settlements ................1117 Ceylon .....................................190 Guatemala ...............................614 Netherlands .............................864 Sudan ....................................1120 Chile ........................................196 Guernsey .................................619 Netherlands Antilles ................875 Suriname ..............................1122 China, Empire ..........................209 Guinea .....................................623 Netherlands Indies ..................875 Sweden .................................1128 China, Republic .......................223 Haiti ........................................624 Netherlands New Guinea .........888 Switzerland ...........................1140 China, Taiwan ..........................319 Hawaii .....................................635 New Caledonia ........................890 Syria ......................................1150 Colombia .................................344 Hejaz .......................................637 New Hebrides ..........................895 Tahiti .....................................1158 Comoros .................................363 Honduras ................................637 New Zealand ...........................898 Taiwan .....................................319 Conakry ...................................528 Hong Kong ..............................642 Newfoundland .........................899 Tangier ..................................1161 Confederate States Hungary ..................................660 Nicaragua ................................901 Tannu Tuva ............................1162 of America .........................364 Iceland ....................................676 Niger .....................................1268 Texas .....................................1163 Cook Islands ...........................372 India ........................................681 Nigeria ....................................911 Thailand ................................1166 Costa Rica ...............................372 Indonesia ................................691 North Korea .............................913 Tibet ......................................1177 Cote d’Ivoire ..........................1267 Iran .........................................702 Northern Ireland ......................915 Timor ....................................1179 Croatia ....................................385 Iraq .........................................712 Norway ...................................920 Togo ..............................533; 1269 Cuba ........................................387 Ireland .....................................721 Noumea ..................................890 Cura ao ...................................398 Ireland, Republic .....................734 Nova Goa ................................997 Tonga ....................................1182 Cyprus ....................................401 Isle de Bourbon .......................744 Oceania ...................................928 Trinidad & Tobago .................1183 Czechoslovakia ........................404 Isle de France et Bourbon .......744 Ottoman Empire ....................1190 Tunisia...................................1185 Dahomey .................................415 Isle of Man ..............................741 Pakistan ..................................929 Turkey ...................................1190 Dakar ......................................529 Israel .......................................746 Palestine .................................931 Turks & Caicos Islands..........1203 Danish West Indies .................415 Italian East Africa ....................750 Panama ...................................932 Ukraine ..................................1203 Danzig .....................................418 Italian Somaliland ...................751 Papeete .................................1158 United States .........................1209 Demerary and Essequebo .......143 Italy .........................................753 Papua New Guinea ..................933 Upper Senegal & Niger .........1242 Denmark .................................422 Ivory Coast ....................760, 1267 Paraguay .................................933 Uruguay ................................1242 Dominican Republic ................433 Jamaica ...................................761 Peru ........................................944 Uzbekistan ............................1252 Duala .......................................530 Japan ......................................763 Philippines ..............................951 Venezuela ..............................1255 East Africa ...............................437 Jersey .....................................773 Poland .....................................966 Viet Nam ...............................1257 Ecuador ...................................441 Jordan .....................................774 Porto-Novo .............................530 Viet Nam, South ....................1095 Egypt .......................................445 Kiau Chau ................................777 Portugal ..................................983 West African States ...............1266 El Salvador ..............................452 Korea ......................................778 Portuguese Guinea ..................995 Western Samoa .....................1269 Estonia ....................................456 Korea, North ............................913 Portuguese India .....................997 Yugoslavia .............................1271 Ethiopia ...................................462 Korea, South .........................1092 Puerto Rico ...........................1002 Zanzibar ................................1281 00000011--00002244__TT44009944..iinndddd 44 1100//1177//1144 33::2299 PPMM Acknowledgements 5 Acknowledgements The contributions to this catalog have been many and varied, and to recognize them all would be a volume in itself. Accordingly, we wish to acknowledge these collectors, scholars and dealers in the world paper money fi eld, both past and present, for their specifi c contributions to this work through the submission of notes for illustration, improved descriptive information and market valuations. Esko Ahlroth Anton Holt William M. Rosenblum Jan Alexandersson Armen Hovsepian Raul D. Rosso Walter D. Allan Alex Kaglyan Claudio Rotondaro Carl A. Anderson Olaf Kiener Alan Sadd Mark B. Anderson Josef Klaus Sergio Sanchez Jorge E. Arbelaez Tristan Kolm Wolfgang Schuster Donald Arnone Lazare Kovame Hartmut Schoenawa Thomas Augustsson Andrei Kraptchen Robert Schwartz Keith Austin Michael Lang Timothy R.G. Sear Oksana Bandriuska Akos Ledai Christian Selvais Adriaan C.F. Beck Stu Lumsden Joel Shafer Dan Bellan Ma Tak Wo Ladislav Sin Milt Blackburn Martan MacDaid Evzen Sknovril Joseph E. Boling Ranko Mandic Gary Snover Wilfred A. Bracke Art Matz Mauricio Soto William Brandimore Ali Mehilba Jeremy Steinberg Dwight Brown Donald Medcalf Tim Steiner Colin R. Bruce II Juozas Minikevicius Zeljko Stojanovic Mahdi Bseiso Arthur H. Morowitz Alim A. Sumana Weldon D. Burson Jon Morowitz Peter Symes Lance K. Campbell Richard Murdoch Steven Tan Arthur D. Cohen Tanju Mutlu Mehmet Tolga Taner Scott E. Cordry Frank Passic Reiny Tetting Guido Crapanzano Antonio E. Pedraza Frank Tesson Ray Czahor Juan Pena Mark Tomasko Howard A. Daniel III A.A.C. de Albergaria Pinheiro Anthony Tumonis Michel Dufour Laurence Pope Michael Vort-Ronald Wilhelm Eglseer Rick Ponterio Ludek Vostal Esko Ekman Miguel A. Pratt-Myans George Warner W.A. Frick Yahya J. Qureshi Pam West Lee Gordon Kavan Ratnatunga Stewart Westdal Flemming Lyngbeck Hansen John Rishel Joseph Zaffern James A. Haxby Alistair Robb Christof Zellweger Based on the original work of Albert Pick Cover note image courtesy of Sergio Sanchez Currency Back cover notes courtesy of Heritage Auctions 00000011--00002244__TT44009944..iinndddd 55 1100//1177//1144 33::2299 PPMM 6 How To Use This Catalog How To Use This Catalog Catalog listings consist of all regular and provisional notes Valuations — are generally given under the grade headings attaining wide circulation in their respective countries for the of Good, Fine and Extremely Fine for early notes; and Very Good, period covered. Notes have been listed under the historical country Very Fine and Uncirculated for the later issues. Listings that do name. Thus Dahomey is not under Benin, as had been the case in not follow these two patterns are clearly indicated. UNC followed some past catalogs. The listings continue to be grouped by issue by a value is used usually for specimens and proofs when lower range rather than by denomination, andthe listing format should grade headings are used for a particular series of issued notes. make the bank name, issue dates as well as catalog numbers and denominations easier to locate. These improvements have been Catalog suffix letters made to make the catalog as easy to use as possible for you. A catalog number followed by a capital ‘A’, ‘B’ or ‘C’ indicated The editors and publisher make no claim to absolute the incorporation of a listing as required by type or date it may completeness, just as they acknowledge that some errors and indicate newly discovered lower or higher denominations to a pricing inequities will appear. Correspondence is invited with series which needed to be fi t into long standing listings. Listings interested persons who have notes previously unlisted or who of notes for regional circulation are distinguished from regular have information to enhance the presentation of existing listings national issues with the prefi x letter ‘R’; military issues use a ‘M’ in succeeding editions of this catalog. prefi x; foreign exchange certifi cates are assigned a ‘FX’ prefi x. Varieties, specifi c date or signature listings are shown with small Catalog Format letters ‘a’ following a number within their respective entries. Listings proceed generally according to the following Some standard variety letters include: ‘ct’ for color trials, ‘p’ for sequence: country, geographic or political, chronology, bank proof notes, ‘r’ for remainder notes, ‘s’ for specimen notes and name and sometimes alphabetically or by date of fi rst note issue. ‘x’ for errors. Release within the bank, most often in date order, but sometimes by printer fi rst. Denominations Catalog number — The basic reference number at the The denomination as indicated on many notes issued by beginning of each listing for each note. For this Modern Issues a string of countries stretching from eastern Asia, through volume the regular listings require no prefi x letters except when western Asia and on across northern Africa, often appears only ‘a’ or ‘b’ appear within the catalog number as a suffi x or variety in unfamiliar non-Western numeral styles. With the listings that letter. (Military and Regional prefi xes are explained later in this follow, denominations are always indicated in Western numerals. section.) A comprehensive chart keying Western numerals to their non- Denomination — the value as shown on the note, in western Western counterparts is included elsewhere in this introduction numerals. When denominations are only spelled out, consult the as an aid to the identifi cation of note types. This compilation numerics chart. features not only the basic numeral systems such as Arabic, Date — the actual issue date as printed on the note in day- Japanese and Indian, but also the more restricted systems such month-year order. Where more than one date appears on a note, as Burmese, Ethiopian, Siamese, Tibetan, Hebrew, Mongolian and only the latest is used. Where the note has no date, the designation Korean. Additionally, the list includes other localized variations ND is used, followed by a year date in parentheses when it is that have been applied to some paper money issues. known. If a note is dated by the law or decree of authorization, the In consulting the numeral systems chart to determine the date appears with an L or D. denomination of a note, one should remember that the actual Descriptions of the note are broken up into one or more items numerals styles employed in any given area, or at a particular as follows: time, may vary signifi cantly from these basic representations. Color — the main color(s) of the face, and the underprint are Such variations can be deceptive to the untrained eye, just as given fi rst. If the colors of the back are different, then they follow variations from Western numeral styles can prove deceptive to the face design description. individuals not acquainted with the particular style employed. Design — The identifi cation and location of the main design elements if known. Back design elements identifi ed if known. Dates and Date Listing Policy Printer — often a local printer has the name shown in full. Abbreviations are used for the most prolifi c printers. Refer to the In previous editions of this work it was the goal to provide list of printer abbreviations elsewhere in this introduction. a sampling of the many date varieties that were believed to exist. In recent times, as particular dates (and usually signature 00000011--00002244__TT44009944..iinndddd 66 1100//1177//1144 33::2299 PPMM How To Use This Catalog 7 combinations) were known to be scarcer, that particular series Collection care was expanded to include listings of individual dates. At times this The proper preservation of a collection should be of idea has been fully incorporated, but with some series it is not paramount importance to all in the hobby - dealers, collectors practicable, especially when just about every day in a given month and scholars. Only a person who has housed notes in a manner could have been an issue date for the notes. giving pleasure to him or herself and others will keep alive the Accordingly, where it seems justifi able that date spans can pleasure of collecting for future generations. The same applies to be realistically fi lled with individual dates, this has been done. In the way of housing as to the choice of the collecting specialty: it order to accommodate the many new dates, the idea of providing is chiefl y a question of what most pleases the individual collector. variety letters to break them up into narrower spans of years has Arrangement and sorting of a collection is most certainly a been used. If it appears that there are too many dates for a series, basic requirement. Storing the notes in safe paper envelopes and with no major differences in value, then a general inclusive date fi ling boxes should, perhaps, be considered only when building span is used (beginning and ending) and individual dates within a new section of a collection, for accommodating varieties or for this span are not shown. reasons of saving space when the collection has grown quickly. For those notes showing only a general date span, the only Many paper money collections are probably housed in some important dates become those that expand the range of years, form of plastic-pocketed album, which are today manufactured months or days earlier or later. But even they would have no in many different sizes and styles to accommodate many impact on the values shown. types of world paper money. Because the number of bank note Because a specifi c date is not listed does not necessarily mean collectors has grown continually over the past thirty-fi ve years, it is rare. It may be just that it has not been reported. Those date varieties known to be scarcer are cataloged separately. Newly some specialty manufacturers of albums have developed a paper reported dates in a wide variety of listings are constantly being money selection. The notes, housed in clear plastic pockets, reported. This indicates that research into the whole area is very individually or in groups, can be viewed and exchanged without active, and a steady fl ow of new dates is fully expected upon diffi culty. These albums are not cheap, but the notes displayed in publication of this edition. this manner do make a lasting impression on the viewer. A word of concern: certain types of plastic and all vinyl used Valuations for housing notes may cause notes to become brittle over time, or cause an irreversible and harmful transfer of oils from the vinyl Valuations are given for most notes in three grades. Earlier onto the bank notes. issues are usually valued in the grade headings of Good, Fine and The high demand for quality that stamp collectors make on Extremely Fine; later issues take the grade headings of Very Good, their products cannot be transferred to the paper money collecting Very Fine and Uncirculated. While it is true that some early notes fraternity. A postage stamp is intended for a single use, then is cannot be valued in Extremely Fine and some later notes have no relegated to a collection. With paper money, it is nearly impossible premium value in Very Good, it is felt that this coverage provides to acquire uncirculated specimens from a number of countries the best uniformity of value data to the collecting community. because of export laws or internal bank procedures. Bends from There are exceptional cases where headings are adjusted for excessive counting, or even staple holes, are commonplace. either single notes or a series that really needs special treatment. Once acquiring a circulated note, the collector must endeavor to Valuations are determined generally from a consensus of maintain its state of preservation. individuals submitting prices for evaluation. Some notes have NO The fact that there is a classifi cation and value difference values; this does not necessarily mean they are expensive or even between notes with greater use or even damage is a matter of rare, but it shows that no pricing information was forthcoming. A course. It is part of the opinion and personal taste of the individual number of notes have a ‘Rare’ designation, and no values. Such collector to decide what is considered worthy of collecting and notes are generally not available on the market, and when they do what to pay for such items. appear the price is a matter between buyer and seller. No book can provide guidance in these instances except to indicate rarity. For the purposed of strengthening and mending torn paper Valuations used in this book are based on the IBNS grading money, under no circumstances should one use plain cellophane standards and are stated in U.S. dollars. They serve only as tape or a similar material. These tapes warp easily, with sealing aids in evaluating paper money since actual market conditions marks forming at the edges, and the tape frequently discolors. throughout the worldwide collector community are constantly Only with the greatest of diffi culty (and often not at all) can these changing. In addition, particularly choice examples of many tapes be removed, and damage to the note or the printing is almost issues listed often bring higher premiums than values listed. unavoidable. The best material for mending tears is an archival Users should remember that a catalog such as this is only a guide tape recommended for the treatment and repair of documents. to values. There are collectors who, with great skill, remove unsightly FV (for Face Value) is used as a value designation on new spots, repair badly damaged notes, replace missing pieces and issues as well as older but still redeemable legal tender notes otherwise restore or clean a note. There is a question of morality in lower conditions. FV may appear in one or both condition by tampering with a note to improve its condition, either by columns before Uncirculated, depending on the relative age and repairing, starching, ironing, pressing or other methods to availability of the note in question. Some non-current notes which possibly deceive a potential future buyer. Such a question must, are still exchangeable carry FV designations. in the fi nal analysis, be left to the individual collector. 00000011--00002244__TT44009944..iinndddd 77 1100//1177//1144 33::2299 PPMM 8 Issuer and Bank Index Issuer and Bank Index 5% Freedom Loans Debenture Bonds .....1034 Banco Central de la República Dominicana Banco Nacional Ultramarino, Angola ...........43 5% Russian State Debenture Bonds .......1206 ............................................................435 Banco Nacional Ultramarino, Bolama ........995 Administracão Geral dos Diamantes .........125 Banco Central de Reserva de el Salvador Banco Nacional Ultramarino, Cabo Verde Afrique Française Libre .............................504 ............................................................453 ............................................................188 Afrique Occidentale Française ...................531 Banco Central de Reserva del Peru ...........949 Banco Nacional Ultramarino, Guiné ..........995 Agra & United Service Bank, Limited (Hong Banco Central de Venezuela ....................1256 Banco Nacional Ultramarino, India Portuguesa Kong) ...................................................642 Banco Central del Ecuador ........................441 ............................................................998 Agricultural and Industrial Bank of China ..224 Banco Central del Paraguay ......................943 Banco Nacional Ultramarino, Macau .........810 Agricultural Bank of the Four Provinces ....223 Banco Central del Uruguay ......................1251 Banco Nacional Ultramarino, Mozambique ............................................................857 Agricultural Treasury Bonds ......................596 Banco Comercial de Chile..........................199 Banco Nacional Ultramarino, Nova Goa ....998 Alegemene Nederlandsche Maatschappij Banco de Angola .........................................47 Banco Nacional Ultramarino, S. Thiago .....187 ..........................................................1122 Banco de Concepción ................................199 Banco Nacional Ultramarino, S. Thiago de Allied Military Authority, Austria ..................84 Banco de Curicó ........................................200 Cabo Verde ..........................................187 Allied Military Currency, France .................498 Banco de D. Matte y Ca. ............................200 Banco Nacional Ultramarino, S. Thomé ..1055 Allied Military Currency, Germany .............562 Banco de Escobar Ossa y Ca. ....................200 Banco Nacional Ultramarino, S. Tomé e Alliierte Militärbehörde, Austria ...................84 Banco de España .....................................1101 Príncipe .............................................1056 Alliierte Militarrehorde, Germany ..............563 Banco de Guatemala .................................616 Banco Nacional Ultramarino, Timor ........1179 Anglo-Palestine Bank Limited ...................746 Banco de Honduras ...................................639 Banco Nacional, Argentina ..........................48 Arab Republic of Egypt .............................451 Banco de José Bunster .............................199 Banco San Fernando .................................201 Arabian National Bank of Hedjaz ...............637 Banco de la Nación Boliviana ....................119 Bangko Sentral Ng Pilipinas ......................963 Armée Catholique et Royale ......................489 Banco de la Nación, Argentina ....................49 Bank Deutscher Länder .............................569 Asiatic Banking Corporation (Hong Kong) Banco de la República ...............355, 357, 941 Bank Emisyjny w Polsce ...........................977 ............................................................642 Banco de la República Méxicana ...............838 Bank Indonesia .................................695, 701 Assygnacya Skarbowa ..............................967 Banco de la República Oriental del Uruguay Bank Leumi Le-Israel B.M. ........................747 Australian Bank of Commerce .....................59 ..........................................................1247 Bank Melli Iran ..........................................704 Austrian Government ..................................81 Banco de Matte, Mac-Clure y Ca. ..............200 Bank of Abyssinia ......................................462 Austrian National Bank ..........................82, 85 Banco de Melipilla .....................................200 Bank of Adelaide .........................................59 Austro-Hungarian Bank ...............................75 Banco de México .......................................838 Bank of Afghanistan ....................................28 Az Osztrák-Magyar Bank ...........................661 Banco de Mobiliario ..................................201 Bank of Agriculture and Commerce...........227 Az Osztrák-Magyar Bank Pénztarjegye ......660 Banco de Portugal .....................................986 Bank of Australasia .....................................60 Azerbaijan Government ...............................89 Banco de Portugal, Açôres ..........................89 Bank of Canada .........................................183 Azerbaijan Republic .....................................88 Banco de Portugal, Agencia no Funchal ....818 Bank of China ............................................232 Baccha I Saqaq ...........................................26 Banco de Puerto Rico .............................1003 Bank of Chosen .........................................779 Bahamas Government .................................91 Banco de Reserva del Peru .......................948 Bank of Chosen, South Korea .................1092 Bana d’Italia ..............................................755 Banco de Santiago ....................................201 Bank of Communications ..........................247 Banc Ceannais Na hÉireann ...............736, 739 Banco del Paraguay ..................................942 Bank of Danzig ..........................................421 Banca d’Italia - Africa Orientale Italiana Banco do Brasil .........................................137 Bank of England ........................................574 ............................................................750 Banco Español de la Habana .....................386 Bank of Ethiopia ........................................462 Banca d’Italia - Somalia Italiana ................751 Banco Español de la Isla de Cuba ..............391 Bank of Finland .........................................476 Banca Nationala a Moldavei ......................845 Banco Español de Puerto Rico ................1002 Bank of Ghana ...........................................571 Banca Nationala a Romaniei ..........1010, 1020 Banco Español Filipino ......................951, 953 Bank of Greece ..........................................584 Banca Nazionale d’Albania ..........................29 Banco Español Filipino de Isabel 2a ..........951 Bank of Hindustan, China & Japan (Hong Banca Nazionale Svizzera ........................1142 Banco Internacional de Costa Rica ............374 Kong) ...................................................642 Banca Republicii Populare Romane Banco Nacional .......................................1242 Bank of Ireland ..........................................721 - Banca de Stat ..................................1021 Banco Nacional de Chile, Valparaiso .........201 Bank of Ireland - Currency Commission ...737 Banco Central de Bolivia ...........................121 Banco Nacional de Colombia .....................346 Bank of Ireland, Belfast .............................915 Banco Central de Chile ..............................203 Banco Nacional de Costa Rica ...................379 Bank of Israel ............................................748 Banco Central de Costa Rica .....................382 Banco Nacional de Cuba ...........................393 Bank of Italy ..............................................755 Banco Central de Emisión .........................932 Banco Nacional de la República de Colombia Bank of Japan ...................................765, 771 Banco Central de Guatemala .....................615 ............................................................346 Bank of Korea ............................................779 Banco Central de Honduras .......................641 Banco Nacional de los Estados Unidos Bank of Korea, South Korea ....................1092 Banco Central de la República Argentina de Colombia .........................................345 Bank of Latvia ...........................................787 ..............................................................54 Banco Nacional de Nicaragua ....................906 Bank of Lithuania ......................................800 00000011--00002244__TT44009944..iinndddd 88 1100//1177//1144 33::2299 PPMM Issuer and Bank Index 9 Bank of Nassau ...........................................91 Banque de Syrie ......................................1150 Bons Porteur .............................................490 Bank of New South Wales ...........................60 Banque de Syrie et du Grand-Liban British Caribbean Territories, Bank of New South Wales, Port Moresby ..................................................791, 1151 Eastern Group ......................................142 ............................................................933 Banque de Syrie et du Liban British Linen Bank ...................................1066 Bank of Rhodesia and Nyasaland ............1008 ................................792, 795, 1153, 1155 British North Borneo Company .................147 Bank of Scotland .....................................1062 Banque d’Emission a Bruxelles .................112 Bulgarian National Bank ....................150, 165 Bank of St. Thomas ...................................416 Banque d’Emission du Rwanda Buono di Cassa .........................................755 Bank of Taiwan ..................................337, 340 et du Burundi .....................................1050 Bure du Console ........................................744 Bank of Taiwan Limited .............................338 Banque des Isles Saint-Pierre et Miquelon Bureau of Engraving and Printing .............216 ..........................................................1053 Bank of Territorial Development ................303 Burma Currency Board ..............................172 Banque d’Etat du Maroc ............................851 Bank of the Belgian Congo ..........................95 Burma State Bank .....................................171 Banque du Canada ....................................183 Bank of the Philippine Islands ...................954 C.R. (Fiji) ...................................................468 Banque du Congo Belge ..............................95 Bank of Victoria ...........................................60 Caisse Centrale de la France d’Outre-Mer, Bank of Western Samoa ..........................1271 Banque du Sénégal .................................1075 French Equatorial Africa .......................505 Bank Polski .......................................968, 973 Banque Générale .......................................484 Caisse Centrale de la France d’Outre-Mer, Banque Imperiale Ottomane ....................1193 Guadeloupe ..........................................612 Bank von Danzig .......................................421 Banque International a Luxembourg .........804 Caisse Centrale de la France d’Outre-Mer, Banka e Shtetit Shqiptar ..............................30 Banka Kombëtare e Shqipinis .....................29 Banque Liègeoise et Caisse d’Épargnes ....102 Guyáne ................................................508 Banknote, Germany ...................................568 Banque Mellié Iran ....................................704 Caisse Centrale de la France d’Outre-Mer, Martinique ...........................................831 Banque André Krajewski .........................1159 Banque Nationale de Belgique ...........102, 108 Caisse Centrale de la France d’Outre-Mer, Banque Central des Etats de l’Afrique Banque Nationale de Bulgarie ...........150, 165 Reunion .............................................1007 de l’Ouest ...........................................1267 Banque Nationale de la République Caisse Centrale de la France d’Outre-Mer, St. Banque Centrale de la République de Ginée d’Haiti ..................................................632 Pierre et Miquelon .............................1054 ............................................................624 Banque Nationale d’Haiti ...........................628 Caisse Centrale de la France Libre .....504, 508 Banque Centrale de Syrie ........................1157 Banque Nationale du Cambodge ...............175 Caisse Centrale de la France Libre, Martinique Banque Centrale de Tunisie .....................1190 Banque Nationale du Laos .........................784 ............................................................831 Banque Centrale du Congo Belge Banque Nationale Suisse .........................1142 Caisse Centrale de la France Libre, et du Ruanda-Urundi .............................98 Banque Royale ..........................................484 Reunion .............................................1007 Banque de Belgique ..................................102 Barclays Bank (Dominion, Colonial and Caisse Centrale de la France Libre, Banque de Flandre ....................................102 Overseas), Southwest Africa ..............1099 St. Pierre et Miquelon ........................1054 Banque de France ......................................490 Barclays Bank D.C.O. Southwest Africa ...1099 Caisse d’Escompte ....................................485 Banque de I’Indochine, Tahiti ..................1159 Barclays Bank Limited ...............................741 Caisse Fédérale .......................................1144 Banque de la Guadeloupe ..........................609 Belfast Banking Company .........................725 Caixa de Conversão ...................................135 Banque de la Guyane .................................507 Belfast Banking Company, Limited ....726, 915 Caixa de Estabilizacao, Valor Recebido Banque de la Martinique ...........................829 Bermuda Government ...............................114 em Ouro ...............................................136 Banque de la Nouvelle Calédonie ..............890 Biglietto di Stato ........................................754 Caja Central de Emisión y Amortización ....441 Banque de la République de Guinée ..........623 Bilet Hypothecar ......................................1010 Cakobau Rex (Fiji) .....................................468 Banque de la République du Mali ..............825 Bilet Skarbowy ..........................................966 Casa da Moeda ..........................................987 Banque de la Réunion .............................1006 Billet del Tesoro Nacional ..........................901 Cassa Fédérale ........................................1144 Banque de l’Afrique Occidentale ........528, 532 Billet Kassowy Krolestwa Polskiego ..........967 Cassa per la Circolazione Monetaria Banque de l’Algérie ...............................33, 39 Billete de Canje ........................................1002 della Somalia .......................................752 Banque de l’Algérie et de la Tunisie .............39 Billete de Tesoreria ..................................1255 Cassa-Anweisungen, K.u.K. Staats Banque de l’Algérie, Tunisie ....................1185 Billete del Tesoro .......................................952 -Central-Cassa .......................................72 Banque de l’Indo-Chine .............................514 Billete del Tesoro (Cuba) ...........................390 Cautela ....................................................1245 Banque de l’Indo-Chine, Djibouti ...............524 Billete del Tesoro (Honduras) ....................639 Cemitetul National Revolutionar Roman ...845 Banque de l’Indo-Chine, Haiphong ............511 Billete Privilegiado, Honduras ...................639 Central Africa Currency Board .................1098 Banque de l’Indo-Chine, Nouméa ..............890 Billets de l’Estat .........................................484 Central Bank of Ceylon ..............................195 Banque de l’Indochine, Nouvelles Hébrides Billets de Monoye ......................................483 Central Bank of China (Branches, National) ............................................................896 Board of Commissioners of Currency, Malaya ............................................................287 Banque de l’Indochine, Papeete ..............1158 ............................................................819 Central Bank of China (National) .......259, 262 Banque de l’Indochine, Pondichery ...........509 Board of Commissioners of Currency, Malaya Central Bank of China (Quasi-National) .....260 Banque de l’Indo-Chine, Saigon ................512 & British Borneo ..................................822 Central Bank of Iraq ..................................719 Banque de Madagascar .............................815 Board of Revenue ......................................214 Central Bank of Ireland ......................736, 739 Banque de Madagascar et des Comores Bonos del Tesoro (Cuba) ...........................389 Central Bank of Jordan ..............................776 ....................................................362, 817 Bons de Caisse des Etablissements Central Bank of Manchukuo ......................334 Banque de Pret ..........................................609 Français Libres de l’Océanie ................524 Central Bank of Nepal ................................863 00000011--00002244__TT44009944..iinndddd 99 1100//1177//1144 33::2299 PPMM

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