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100 Drachmai unissued

Issuer National Bank of Greece
Year 1927
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Printer American Bank Note Company, New York, United States
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Obverse description Portrait of Georgios Stavros, founder of the National Bank of Greece, at left; large denomination numeral at centre; ancient coin vignette at right. Intricate guilloche underprint frames the design throughout.
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Reverse lettering ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΕΚΔΟΣΙΣ ΔΕΚΑΤΗ ΤΕΤΑΡΤΗ
ΑΠΟΛΛΩΝ
AMERICAN BANK NOTE COMPANY
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Comments

The American Bank Note Company produced this series for Greece in 1927, but the notes were never released into circulation. Greece had re-entered the gold exchange standard that same year under pressure from the League of Nations Financial Committee, which oversaw a sweeping stabilization program tied to the establishment of the Bank of Greece — an institution specifically mandated to replace the National Bank of Greece as the sole issuer of currency. The timing made these notes obsolete before they ever left the vaults.

Unissued ABNC stock from this period tends to survive in quantity, but the political circumstances here are specific: the issuing authority itself was being dismantled as a note-issuing body.

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