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1000 Korun

Issuer Národní Banka Československá
Year 1932
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Reference(s) P#25
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Protection type Watermark
Protection description Watermarked paper with a pattern visible when held to light, consistent with standard security paper used by the American Bank Note Company for this issue.
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Comments

The American Bank Note Company contract for this series was part of a broader Czechoslovak strategy of placing high-value printing work with foreign security printers — partly for technical quality, partly to keep the work beyond the reach of any domestic political interference. ABNC's intaglio work on the 1000 Korun denomination is among the finer Central European issues of the interwar period.

By 1932, Czechoslovakia was navigating the worst of the global depression, and large-denomination notes saw relatively constrained circulation as hoarding tightened. P#25 survivors in honest used grades are less common than the print run figures might suggest.