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20 Dinara Italian occupation - overprint: VERIFICATO

Issuer National Bank of the Kingdom of Yugoslavia
Year 1941
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Value 20 Dinars
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Reverse description Central intaglio portrait vignette of Queen Maria of Yugoslavia (Marija Karađorđević, born Princess Maria of Romania, 1900–1961) set within a richly worked guilloche oval, flanked by symmetrical lathe-work panels and floral underprint motifs. The denomination and issuing authority inscriptions appear in both Cyrillic and Latin scripts, with the engravers' credits rendered along the lower margin.
Reverse lettering P. STOJICEVIC FEC. VELJKO А. КUN SC.
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When Italian forces occupied parts of Yugoslavia in April 1941, they faced the immediate practical problem of what to do with existing Yugoslav currency. Rather than withdrawing and reprinting, occupation authorities simply overstamped circulating notes with "VERIFICATO" — verified — a rubber-stamp validation that effectively authorized continued use under Italian supervision. The 20 Dinara was among the denominations processed this way.

The overprint itself is the entire story here. Kun's engraving work for ZIN was competent interwar commercial plate work; nothing about the underlying note demanded special attention. What makes R11 collectible is purely the occupation stamp and its placement — off-center or faintly struck examples are common, a product of field-expedient stamping rather than controlled printing.

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