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Czechoslovakia Contemporary Counterfeit

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VE Coins

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So recently Mike has been sharing a lot of contemporary counterfeit Ukrainian notes and so I figured that I would share kind of along the same lines. 

The Czechoslovakia P#5 1000 korun which is an Austrian 1000 korun with a red stamp printed onto the Hungarian side of the note. This stamp turned the old currency of the Austro Hungarian Empire into "new" Czechoslovakian currency. These were issued in the newly founded nation for a short time period in 1919 and 1920 before new banknotes were printed and issued.

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Counterfeit bills were handstamped with an additional stamp over the red stamp that read "BANK UR MIN FIN PRAHA", (Banking Office of the Ministry of Finance Prague. This was to indicate that these bills were not legitimately stamped. I'm unsure if they were stamped with the extra stamp to make them legal currency or help identify them later when the new banknotes were swapped out . But it makes me wonder why they were stamped as opposed to being pulled from circulation.

My example of this note is heavily circulated and damaged but the ink of the handstamp is still mostly visible. I don't know if this damage was from circulation under Czechoslovakia or Austria. Or just improper storage later.

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I am unsure what the total population of these notes is and how many survive to today. They were issued for a very short time period in the new nation of Czechoslovakia and they were a high denomination that was not used as much as smaller currency. Currently only 1 has been graded by PMG and no counterfeit notes have been graded, and these do not come up for sale very often. 

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It is interesting that it was identified as counterfeit and still survived, seemingly still circulating and/or returned to the owner. Presumably. (shrug) Notes and coins would have been hard to come by at this time and it could be as you suggest, that the stamp made this a legal note helping to alleviate demand for physical currency until new notes could be produced. An interesting note with a story to tell, I love notes like this.

Contemporary counterfeits are a collecting avenue all on their own, many countries have dozens of them. (thumbsu

Edited by Fenntucky Mike
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Sorry just getting back to this, busy day at work. Would an authentic note have an adhesive stamp on it or was it a stamplike overprint? I'm assuming a stamplike overprint since that's what the contemporary counterfeit has, just curious as I've seen actual adhesive stamps used on other notes of the era. Also, it looks like the note was stamped multiple times do they all say "bankovní úřad ministerstva financí, praha" or were there other stamps used? I'm really liking these notes, thanks for sharing. 

 

Edited by Fenntucky Mike
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On 6/15/2022 at 5:12 PM, Fenntucky Mike said:

Sorry just getting back to this, busy day at work. Would an authentic note have an adhesive stamp on it or was it a stamplike overprint? I'm assuming a stamplike overprint since that's what the contemporary counterfeit has, just curious as I've seen actual adhesive stamps used on other notes of the era. Also, it looks like the note was stamped multiple times do they all say "bankovní úřad ministerstva financí, praha" or were there other stamps used? I'm really liking these notes, thanks for sharing. 

 

The authentic notes have the stamp like overprint as well and it is the only note in the first series that used the stamp overprint all the other notes from that time had adhesive stamps. The adhesive stamp notes are cool as well, I have a couple so far. They can be hard to find in decent condition but like this note I'm not sure if they were stamping uncirculated notes or any notes they could get their hands on. The adhesive stamp notes have some counterfeits as well but i don't have any.. The multiple stamps are all the same as far as I can tell. I'm not sure why it was stamped multiple times.

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On 6/16/2022 at 12:14 AM, VE Coins said:

The authentic notes have the stamp like overprint as well and it is the only note in the first series that used the stamp overprint all the other notes from that time had adhesive stamps. The adhesive stamp notes are cool as well, I have a couple so far. They can be hard to find in decent condition but like this note I'm not sure if they were stamping uncirculated notes or any notes they could get their hands on. The adhesive stamp notes have some counterfeits as well but i don't have any.. The multiple stamps are all the same as far as I can tell. I'm not sure why it was stamped multiple times.

I wonder why they went with a stamp like overprint on this note and not the others? Interesting. hm This seems like a wonderful series of notes to collect and research, a fun project no doubt. I look forward to seeing/reading more about Czech notes as you post them.

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Very interesting subject and an impressive note. (thumbsu 

I see there is an article in the latest issue of the IBNS journal on fake overprints on the Polish 1940 100 Zlotych note which now means I will have to look at all the Mexico Revolutionary overprints although they are not even close in terms of design and detail xD

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