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1926-1928 Greece Bank Note Set


(3 notes)

Grade:  Circulated or Better  
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Colorful and unusual, this set of 50, 100 and 1,000 Drachma notes trace Greece’s bid for national sovereignty following WWI. Although the Greeks had fought alongside the Allies during WWI,popular vote recalled King Constantine I, who was seen as pro-German, from exile. The U.S., France and England disagreed with the decision and withheld financial support, sending Greece’s economy into a tailspin. The notes in this set recall Greece’s spirit of independence and those turbulent times:

  • 50 Drachma half note of 1926 – created when the finance minister ordered citizens to cut their 50 Drachma notes in half and stamped with neon (new). Now one half was worth 25 Drachmas and the other half became a loan to the state.
  • 100 & 1000 Drachma notes of 1928 – both notes feature a portrait of George Stavros founder of the National Bank of Greece, which operated for over 85 years, from 1841-1928. These notes were created when older issues were overprinted in red with Bank of Greece, which replaced the National Bank of Greece in May 1928.

From 1833 to 2002, when the Euro replaced it, the Drachma served as Greece’s currency. Now this historic set, featuring richly colored designs, from one of the world’s oldest and most admired civilizations, can be yours.

  • Year: Mixed Years
  • Product Type: Sets
  • Countries: Greece