500 Drachmai unissued

Gebrüder Parcus was a Munich-based security printer with a modest but steady roster of Balkan and Eastern Mediterranean clients in the early twentieth century, and this 500 Drachmai was among the notes they produced for Greece around 1923. The note was never issued — a fate that probably traces to the catastrophic population exchange following the Greco-Turkish War, which collapsed Greek state finances and rendered planned currency releases redundant almost as soon as the ink dried.

Unissued remainders from this print run occasionally surface with original crispness, which makes condition assessment misleading — freshness here reflects storage, not rarity of use.