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5 Drachmai Half of 10 Drachmai

Issuer National Bank of Greece
Year 1885-1910
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Value 5 Drachmai
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Obverse lettering ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΔΕΚΑ
ΒΑΣ. ΕΠΙΤΡΟΠΟΣ
ΤΑΜΙΑΣ
Reverse description The reverse preserves one half of the original 10 Drachmai back design, centered on a large intaglio guilloche oval medallion enclosing the numeral '10' within concentric lathe-work borders. Partial elements of a secondary circular guilloche vignette are visible at the cut edge. The printer's imprint 'AMERICAN BANK NOTE COMPANY, NEW YORK' appears in small letterpress text below the central medallion.
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Comments

This note exists because of a deliberate act of physical division. The National Bank of Greece authorized the bisection of printed 10 Drachmai notes, with each half receiving its own validation to circulate as a 5 Drachmai instrument — a response to a shortage of lower denominations rather than any printing or distribution failure. The practice was not unusual in 19th-century Europe, but surviving authenticated halves with intact cancellation or validation markings are genuinely difficult to find.

The American Bank Note Company plates were designed for a whole note; the bisection line itself tells you something about how casually the Greek monetary authorities treated what was, by New York standards, a finely engraved document.

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