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500 Drachmai

Issuer National Bank of Greece
Year 1841
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Value 500 Drachmai
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Obverse description Elaborate engraved border surrounds the entire note, with classical allegorical statues standing at the far left and far right margins. The Greek royal coat of arms appears at the top centre, above the bank title inscription and founding law reference. Three signature lines for the Director, Royal Commissioner, and Treasurer appear in the lower central field, with a circular handstamp at left for serial entry; multiple ΑΚΥΡΟΝ (cancelled) overprints are applied diagonally across the face.
Obverse lettering ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
Κατασταθείσα δια του Νόμου της 30 Μαρτίου 1841.
ΠΛΗΡΩΤΕΑΙ ΕΙΣ ΜΕΤΡΗΤΑ ΤΩ ΚΟΜΙΣΤΗ, ΚΑΤΑ ΤΗΝ ΕΜΦΑΝΙΣΙΝ.
ΔΡΑΧΜΑΙ ΠΕΝΤΑΚΟΣΙΑΙ.
Ο ΔΙΕΥΘΥΝΤΗΣ
Ο ΒΑΣΙΛ. ΕΠΙΤΡΟΠΟΣ
Ο ΤΑΜΙΑΣ
ΑΚΥΡΟΝ
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The National Bank of Greece was only established in 1841 — the same year this note was issued — making this among the earliest output of the institution's entire existence. Greece itself had only been internationally recognized as an independent state since 1832, and the creation of a national bank with note-issuing privileges was a deliberate act of economic consolidation under King Otto's Bavarian-influenced administration.

Surviving examples from this first series are exceptionally rare. The bank's early note production was low-volume, and Greece's monetary infrastructure in the 1840s was fragile enough that paper instruments faced considerable public resistance from a population still oriented toward coin.