Bank.notes

Collection Greece #237

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1 Drachma

Greece 1944 1900_1945 VF P-P-319 Needs review ✦ AI 92%
blurry
Front · IMG_6523.jpeg cropped
Back · IMG_6524.jpeg cropped
Pair check: ! check failed checked 2026-05-09T09:56:02.111376
Identity

Where & when

Country Greece
Currency Drachma
Denomination 1
Series name Liberation Issue
Series year 1944
Issue year 1944
Era 1900_1945
Legal status demonetized
Predecessor currency Drachma (Axis occupation currency)
Successor currency Drachma (1944 revaluation)
Subjects & design

What's on the note

Front portrait
Reverse subject Phoenix rising from flames
Watermark
Color palette #d4c4a0,#4a5c3a,#1a1a1a
Themes commemorative,mythology
Language / script Greek

Front: Liberation Issue 1 Drachma note issued in Athens in November 1944, immediately following the liberation of Greece from Axis occupation. The inscription 'ΠΛΗΡΩΤΕΑ ΕΠΙ ΤΗ ΕΜΦΑΝΙΣΕΙ Ο ΥΠΟΥΡΓΟΣ ΤΩΝ ΟΙΚΟΝΟΜΙΚΩΝ ΕΝ ΑΘΗΝΑΙΣ ΤΗ 9 ΝΟΕΜΒΡΙΟΣ 1944' translates to 'Payable upon presentation by the Minister of Finance in Athens on 9 November 1944'. This emergency currency was issued by the newly restored Greek government to replace the hyperinflated occupation drachma and stabilize the economy after four years of Axis rule.

Back: Phoenix rising from flames, a powerful symbol of Greece's rebirth and resurrection following liberation from Nazi occupation in October 1944. The phoenix, a creature from Greek mythology that cyclically regenerates by rising from its own ashes, was chosen to represent the renewal of Greek sovereignty and the restoration of democratic governance after years of occupation and collaboration governments. The imagery directly reflects the national sentiment of revival and independence regained.

Production

How it was made

Issuer Kingdom of Greece
Issuer (native) ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ
Printer
Engraver
Material paper
Dimensions (mm) 120x75

Signatures: Minister of Finance

Security features: guilloche_patterns,intaglio

Geography

Greece in Europe

Greece in Europe. Other countries on the same continent shown in muted grey.

The story

Background & history

🎉 Commemorating Liberation of Greece from Axis occupation.

This note belongs to the Liberation Issue series of November 1944, issued immediately after German forces withdrew from Greece in October 1944. The series was emergency currency printed to address the severe hyperinflation caused by the occupation authorities, who had printed massive quantities of drachmas to finance their occupation costs. The Greek government issued this new series denominated in low values (1, 5, 10, 25, 50, 100 drachmas) as a stopgap measure before monetary reform could be implemented. These notes had extremely short circulation periods and were quickly replaced by subsequent issues as Greece struggled with post-war economic chaos and civil conflict. The phoenix motif was a deliberate choice to symbolize national rebirth.

Catalogue

Collector references

Pick # P-319
Krause ID
Rarity tier common
Commemorative Yes
Series range 1944–1944
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number
Serial prefix A'

Vertical and horizontal center folds visible, some edge wear and aging/discoloration to paper, but overall intact with clear details

Valuation

What it's worth now

$5–$15
Type default range $5–$15
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-08 17:23:51 5.0 15.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (2)
research:openai · gpt-4o 2026-05-09 09:39:12
status: ok · step 10 · $0.0252 · 5787↓ + 1075↑ tokens
anthropic · claude-sonnet-4-5 2026-05-08 17:23:51
status: ok · step 1 · $0.0379 · 6328↓ + 1260↑ tokens
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