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Fragment of sheet 1 zloty 1794 - reverse side

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Descrição do item
Referência: Miłczak jak A10

Interesting item. A fragment of a sheet for the production of the Kosciuszko gold coin.

A similar fragment with a single security mark is noted in the Lucow Collection.

Three edges with traces of secondary cutting, the upper edge with a tear mark. Prominent discoloration and soiling.

In passing light, horizontal lines of the watermark are visible.

Currently, opinions in the community about these sheets are divided. There is a risk that these sheets are not from the period, but are intermediates that were used to produce a later dangerous forgery to the detriment of collectors.

Dimensions: 13.3 cm x 8 cm


In the Polish lands, the introduction of paper money into circulation was connected with expenses related to the outbreak of the Kosciuszko Insurrection. Its issuer was the Directorate of Treasury Tickets established by the Supreme National Council. In terms of value, treasury tickets were equated with coinage. Obligations to the Treasury could be paid a maximum of 50% in paper money and the remainder in coins. This condition resulted in its negative reception by the public. In the future, the redemption of treasury tickets was to be financed from national wealth. For counterfeiting paper money, the death penalty was stipulated, as well as the confiscation of all the perpetrator's property. On September 29, 1794, in order to strengthen confidence in treasury tickets, the National Supreme Council authorized the regulation of the entire amount in paper pennies and zlotys. Due to the failures of the uprising, public confidence in paper money was declining. The population preferred to accept bullion money in settlements. The range of issuance of the first Polish paper money was small - it was introduced on a large scale only in Warsaw. After the capture of the capital on November 6, 1794, tickets of all denominations for a total of 7.8 million Polish zlotys remained in the hands of the population.

Due to the shortage of small copper coinage, it was decided to issue paper penny denominations and lower values amounting to 1 Polish zloty. They were printed on two separate sheets of paper. A security mark in the form of a Roman numeral with the value of the denomination was printed on the top side of the reverse. In the case of the zloty, this was the notation "Zl: 1". When the two sheets were glued together, the glue dissolved the ink, which penetrated the structure of the paper imitating the watermark. The decoration of these denominations was limited to the obverses, and on the reverse was the signature of Filip Malinowski, commissioner of the Directorate of Treasury Tickets.

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