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200 Đồng

Issuer National Bank of Vietnam
Year 1958
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Printer American Bank Note Company, New York, United States
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Obverse description Purple intaglio on multicolour underprint, with the bank headquarters building rendered as the central right-side vignette and the state emblem positioned at left. Red serial numbers appear at upper left and lower right, flanked by spelled-out denomination rosettes and ornamental guilloche work. Two signature lines at bottom identify the Tổng Kiểm-Tra (Chief Inspector) and Thủ-Quỷ Trung-Ương (Central Cashier).
Obverse lettering NGÂN-HÀNG QUỐC-GIA VIỆT-NAM VIET-NAM CONG-HOA HAI TRĂM ĐỒNG TỔNG KIỂM-TRA THỦ-QUỶ TRUNG-ƯƠNG 200
(Translation: National Bank of the State of Vietnam. Republic of Vietnam. Two hundred đồng. Chief Inspector. Central Cashier. 200.)
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Comments

The National Bank of Vietnam contracted the American Bank Note Company for several of its early issues, this being among them. ABNC's New York engravers produced work of considerably higher technical quality than the South Vietnamese government could have sourced domestically at the time, a practical necessity for a young central bank trying to establish credibility against a population still partly accustomed to French Indochinese piastres.

Pick 9 is the least frequently encountered denomination of the 1958 series in higher circulated grades, with heavy wear concentrated along horizontal fold lines — a consequence of how larger-value notes were typically stored folded in markets and carried by traders rather than held flat.

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