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10 Groszy Bilet Zdawkowy
| Issuer | Polish Ministry of Treasury |
|---|---|
| Year | 1924 |
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| Currency | Second Zloty (1924-1949) |
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| Obverse description | Printed in blue on cream paper, the obverse centres on an oval vignette of Sigismund's Column (Kolumna Zygmunta) with the Royal Castle in Warsaw visible in the background, framed by ornate scrollwork. To the left, a circular guilloche medallion carries the denomination '10 GROSZY' within a wreath, while to the right a matching medallion bears the Polish eagle. The inscription 'WARSZAWA, DNIA 28 KWIETNIA 1924 R.' appears in a cartouche at the foot, flanked by the manuscript signatures of the Minister Skarbu and the Dyrektor Departamentu Obrotu Pieniężnego. |
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| Obverse lettering | BILET ZDAWKOWY DZIESIĘĆ GROSZY 10 GROSZY POLSKA 1923 RZECZPOSPOLITA Warszawa, dnia 28 Kwietnia 1924 r. MINISTER SKARBU Dyrektor Departamentu Obrotu Pieniężnego |
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| Comments |
The Bilety Zdawkowe — fractional treasury notes — were a direct consequence of Poland's catastrophic hyperinflation of 1923, which rendered low-denomination coinage economically pointless almost as fast as it could be minted. By the time Władysław Grabski's stabilization reform took hold in 1924 and the złoty replaced the marka, the state mint couldn't produce subsidiary coinage quickly enough to meet demand. These small treasury notes filled the gap.
Printed domestically by the PWPW, which had been established in Warsaw only in 1919, this was one of the earliest runs the facility produced under stable monetary conditions. The watermark is the sole security concession — practical, given the note's negligible face value.