Advanced search Advanced search
6082

1,000 mkp 1916 Gen.

PMG 40
add Your note 
Lot description Show orginal version
Grade: PMG 40
Certificate: PMG 1909005-002
Reference: Miłczka 16

The highest denomination of the entire issue visually in nice condition with light restoration touches. Striped paper texture flattened, but visible in outline. Visually nice.


The banknote entered circulation in January 1918, and its issuer was the Polish National Loan Bank, despite the fact that in the name "Poland" the proper administrator was the German occupation authorities of the territories of the then part of the Kingdom of Poland, and the name of the currency itself, although "Polish Mark". the name of the currency itself, although "Polish mark", had populist overtones, aimed at neutralizing freedom sentiments among Poles. The banknote itself at the time of its introduction into circulation had a high purchasing power, thanks to the notices of the forced exchange rate of other currencies to the German mark, it is known that 1 mark was 25% lower than the crown. The announcement states 1 mark and refers to the German mark, but it should be remembered that as of December 9, 1916, when the Polish mark was introduced into circulation in the German-occupied territories of the Kingdom of Poland, the ratio of the Polish mark to the German mark corresponded to the value = 1:1, the Polish mark and as of April 26, 1917 became the only legal tender in these territories, and coverage for the entire issue with German marks was guaranteed by Germany at the time.

But how much was the salary then? The author Jan Slomka states in his study "Pamiętniki włościanina od pańszczyzny do dni dzisiejszych" (1994 edition) that the salary of a laborer in agriculture (just before the introduction of the Polish mark), here we are talking about a thresher, that is, a person, a helper at the then heavy work which was manual threshing, was = 30 crowns/day (including food), which, converted to the Polish mark, gives us = 37.5mp, multiplying this times an average of 26 working days, we get the result = 975 Polish marks. As you can see, a farmhand, a helper even for a month's work did not see with his eyes a banknote with a face value of 1000 Polish marks 1916. Of course, its purchasing power decreased with the time of circulation and the closer it was withdrawn, the less you could probably buy for it, and it was in circulation until 30.11.1923, after which date it ended its life as a means of payment and became a collector's object, having already been replaced by our Polish marks.

Auction
Auction 16 - winter '22
gavel
Date
04 February 2022 CET/Warsaw
date_range
Start price
333 EUR
Grade
PMG 40
Hammer price
760 EUR
Overbid
228%
Views: 153 | Favourites: 14
Auction

Marciniak

Auction 16 - winter '22
Date
04 February 2022 CET/Warsaw
Lots bidding

All lots are listed to bid

Buyer's premium
18.00%
Bid increments
  1
  > 10
  100
  > 20
  400
  > 50
  1 000
  > 100
  3 000
  > 200
  6 000
  > 500
  20 000
  > 1 000
  50 000
  > 2 000
  100 000
  > 5 000
  200 000
  > 10 000
 
Terms and Conditions
About the Auction
FAQ
About the Seller
Marciniak
Contact
MARCINIAK sp.k
room
Al. Jerozolimskie 65/79 / 0A.02
00-697 Warszawa
phone
+48 22 407 02 20
+48 782 280 880
Opening hours
Monday
10:00 - 17:00
Tuesday
10:00 - 17:00
Wednesday
10:00 - 17:00
Thursday
10:00 - 17:00
Friday
10:00 - 17:00
Saturday
Closed
Sunday
Closed
keyboard_arrow_up