Note of the Month: Czechoslovakia 50 Korun

Posted on 10/22/2024

For Independent Czechoslovak State Day, we present one of the first notes issued by the central European country that existed for much of the 20th century.



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Country: Czechoslovakia

Catalog Number: 10a

Date: 1919

Denomination: 50 Korun

Varieties: None recorded in the PMG Population Report

What makes it special? The back of this note expresses the denomination in six languages: Czech, Slovak, Russian, German, Polish and Hungarian. Dated 1919, it is one of the first notes issued by Czechoslovakia, which was formed on October 28, 1918, from territory that was once part of the Austro-Hungarian Empire. The anniversary of this event is marked every October 28 as Independent Czechoslovak State Day.

Did you know? Two decades after its formation, the country was occupied by Germany during World War II. Then, after a brief period of independence after the war, a coup made it a satellite state of the Soviet Union for more than 40 years, until the Velvet Revolution in 1989. The country split into the Czech Republic and Slovakia in 1992.

Total graded by PMG: As of mid-September 2024, the PMG Population Report includes 17 examples of Pick# 10a.

PMG median grade: PMG 30 Very Fine.

PMG highest graded: The PMG Population Report lists one example of Pick# 10a in PMG 58 Choice About Uncirculated EPQ.

Sales highlights: An example graded PMG 30 Very Fine realized $1,500 in December 2019, while an example graded PMG 25 Very Fine realized $1,170 in December 2023. Both sales were through Heritage Auctions. An example graded PMG 40 Extremely Fine EPQ realized $3,840 in April 2022 through Stack's Bowers.

PMG Registry: This note is part of the Czechoslovakia, 1919-Date, Issued Notes, Complete, Including Varieties category in the PMG Registry, where the first-place set, VE Coins' VE Coins Czechoslovakia Complete 1919-Date, has an example of Pick# 10a graded PMG 25 Very Fine. The set, which is 58% complete and has images for each of those 69 notes, is a great way to explore Czechoslovakia's currency.

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Note of the Month: Czechoslovakia 50 Korun

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