standard catalog of seventh edition Tau LN specialized issues volume one WoC toler Male ote) bela cde) OPM E ice] te) anaes gleaned from the archives Om TW lela =r lala Note Company aSvossy ‘ebay, e OP ANTE bedes udleveret Varer til = Detailed commercial and restricted circulation coverage Lele ae ASO MTL ee Dats) = Nearly 17,000 notes = 8000 original photos Dia ache Murua rleen) YAN a eal ele Comes h coe eye el mee Col Eke lodstandard catalog of WORLD PAPER MONEY by Albert Pick Edited By Neil Shafer and Colin R. Bruce II Joel Shafer Research Editor (ABNC Archives) Joan Melum Production Coordinator Special Consultants William L.S. Barrett, Milt Blackburn, William G. Henderson, Mel Steinberg, Ma Tak Woi a rt se, patient energy for its s the old lesson — a worthy purpose, pai er y for accomplichmént a resoluteness undaunted by difficulties, and ™ then success. — W.M. Punshon. Published in the United States by Krause Publications, Inc 700 E, State Strect, fola, WI 54990 ‘Telephone: 715-146-2214 + PAX: 715-445-4087 All rights reserved. No part of this book may or by any means, eleetronie or. recording, or by be reproduced or transmitted in any form mechanical, including photocopying, any information storage and retrieval system without the permission in writing from the Publisher Copy ht Memxc) by Krause Publications Ine. Library of Congress Catalog Card Number; $8-83100 International Standard Book Number: 0-87341 Printed in tho United States of AmericaINTRODUCTION 3 INTRODUCTION ‘Although paper money collecting is undoubtedly nearly as old as paper money itself, this segment of the num hobby has begun to reach a popularity approaching that of coin collecting only since the latter half of the 1970s, While coins and paper mency are alike in that both have served as legal obligations to facilitate commeree, long-time paper money enthusiasts know the similarity ends the Coins were historically guaranteed by the intrinsic value of their metallic content — at least until recent years when vir tually all circulating coins have become little more than le tender (okens, containing no precious metals except for a few commemoratives never meant to circulate — while paper money possesses a value only when itis accepted for debts or converted into hard money. With many note issues, this con- version privilege was limited and ultimately negated by the imposition of redemption cutoff dates Such conditions made collecting of bank notes a risky business, particularly with notes possessing face value of more than @ nominal sum, This is why in most instances, except where issues were withdrawn shortly after release or became virtually worthless due to hyper-inflation, early high devomination notes are extremely difficult to locate, espe: cially in uneinculated or high grades of preservation. ‘The development of widespread collector interest in paper money of most nations was long inhibited by a near total absence of adequate documentary literature, No more than tree decades ago collectors could refer only 10 a few cata logs and dealer price lists of limited scope, most of which ‘were incomplete and difficult to acquire, or they could build their own knowledge through personal collecting. pursuits, and contact with fellow collectors. “This situation was corrected somewhat over the past 25 years with a number of new special catalogs covering the more popularly collected countries. Still, many. a remained uncatalogued, and no single volume existed which provided comprehensive, detailed, illustrated listings of issues from all countries of the world, ‘The earlier catalogs authored by Albert Pick chronicling issues of Europe and the Americas were assembled as step- ping stones to the ultimate objective which became reality with publication of the first Standard Catalog of World Paper Money in 1975, That work provided collectors with complete listings and up-to-date valuations of all recorded goveriment note issues of the 20th century, incorporating Pick’s previously unpublished manuscripts on Africa, Asia and Oceania, plus many earlier issues. This completely revised and updated seventh edition pre- Sents a substantial extension of the cataloging. effort initiated in 1975 and revised in succeeding editions, As the most com: Prchensive world paper money reference ever assembled, it fully documents the many and varied legal tender paper cur- Tency issues circulated by nearly 300 past and current gov- femmenis of the world from the fate 1700s to the early 1990s, Falling within the scope of this General Issues volume are all legal tender issues cireulated under the auspices of recog- nized national governments and their banking agents, includ~ ing notes which enjoyed wide circulation in their respective countries. Exceptions are the multitudinous notes of the Ger- man states and cities, especially those of the World War I and postwar period 10 1923, and the vast category of Chinese limited-circulation issues of other focal issues and simil countries. GENERAL ISSUES Coverage In Volume 2 and 3 Legal tender notes issued by recognized national governments, and which enjoyed wide circulation in their respective countries, are covered in Yol- ume 2 and 3. General Issues, Volume 2 covers the ‘era from the late 1700's to 1960, Volume 3 covers all notes issued since 1961. Users of this current Volume 1 interested im acquiring the General Issues, Volume 2, and 3 are invited to contact the publisher. Inquiries should be directed to Standard Catalog of World Paper Money, Krause Publications, Book Division, 700 E, State St, Tola, WI 54990, ‘Changes encompassed in this seventh edition center on the ‘addition of a great many new issues, especially from those countries formerly a part of the Soviet Union and Yugoslavia. ‘Thus, places such as Azerbaijan, Belarus, Bosnia-Herzegov- ina, Georgia, Kyrgyzstan, Macedonia, Moldova, Slovenia. Ukraine, the three reconstituted Baltic states and new issues from Croatia are all shown here, As this book was being sent to press, even more such new issues were making their ‘appearances. Another greatly improved feature of this edition is the inclusion of much more signature and date listings, a result of the strong growth of interest in this kind of data, Many dates and signatures are known to be scarcer or rarer than others, and the catalog now reflects a large percentage of that information. Significam revision has taken place Uroughout the book as usual, and each country has been brought as much up to date as available information allowed. Changes of monetary systems, new higher values because of inflation, and new types worldwide are all included here.4 INTERNATIONAL NUMERALS TIONAL NUMERAL SYS EMS i295 87. 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