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500 Zlotych

Issuer Bank Polski
Year 1919
Type Standard circulation banknote
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Obverse lettering BANK POLSKI
PIĘCSET ZŁOTYCH
WARSZAWA dn 28 Lutego 1919 roku
DYREKCJA BANKU POLSKIEGO
GŁÓWNY SKARBNIK
ZŁOTYCH
500
Reverse description Printed in olive-green tones, the reverse carries a large circular watermark reserve at upper left and a central vignette of the Polish crowned eagle displayed within a circular medallion at upper right, set above elaborate scrollwork ornament. The central text panel bears the legal tender declaration and anti-counterfeiting warning in Polish, framed by guilloche borders with the numeral 500 repeated at left and right. The denomination inscription PIĘĆSET ZŁOTYCH appears in a recessed panel at the foot of the note.
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Comments

Bank Polski's 500 Złotych of 1919 was issued during an extraordinary window — Poland had just re-emerged as a sovereign state after 123 years of partition, and the new government desperately needed a functioning currency before any stable monetary infrastructure existed. Waterlow & Sons in London produced the notes because there was no domestic printing capacity capable of handling the job.

The Polish mark was already in circulation alongside this zloty-denominated paper, creating genuine confusion in daily commerce. The watermark security feature was among the few practical counterfeit deterrents available under the rushed production timeline.