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[VF Grade] 1944 Greek 5,000,000 Drachma Banknote (Goddess Arethusa) *Serial numbers and years may vary, but all banknotes are in VF (Very Fine) condition.
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History in Your Hands: Inflationary Banknotes During World War II
This 5,000,000 drachma note is a historic and symbolic banknote that was issued in 1944, towards the end of World War II, when Greece was under the occupation of the Axis powers, including Nazi Germany.
Issued by the Bank of Greece (TPA), this note is highly sought after by banknote collectors worldwide as a symbol of the hyperinflation of the time. Its face value is a whopping 5 million drachmas, and it speaks to the turbulent economic times when the value of currency plummeted in just a few years.
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Product Features
• Country of issue: Greece
• Issuing bank: Bank of Greece
• Date of issue: July 29, 1944
• Face value: 5,000,000 Drachmas (5 Million Drachmai)
• Size: 140 x 62 mm
• Shape: Rectangular
• Material: Paper
• Condition: VF (Very Fine) * Overall in good condition, but some creases and signs of use are visible.
• Serial number: unique for each banknote
• Language of writing: Greek
• Not usable as current currency (Demonetized)
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Design and artistry
Obverse
The obverse features an intricately carved profile of the goddess Arethusa, depicted on the ancient Syracuse decadrachm silver coin. This design is truly worthy of being called a work of art, fusing ancient Greek art with modern banknote art.
The large number "5,000,000" in the center indicates the denomination at a glance, and below it is the Greek inscription "ΠΕΝTE ΕΚΑΤΟΜΜΥΡΙΑ" (5,000,000), along with the date of issue and signature.
Back (reverse)
The reverse features an intricate geometric pattern with the large number "5,000,000" placed in the center, and the inscription "5 EKETOMUMYPIA (5 million drachmas)" symmetrically placed on both sides.
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Historical background
In 1944, Greece was on the verge of liberation from Nazi German occupation and was facing extreme economic turmoil and inflation, which resulted in the rapid issuance of large denomination banknotes in the millions of drachmas.
This banknote is a symbol of this movement, and goes beyond its role as mere currency to embody themes such as "economic crisis," "life under occupation," and "a record of art and culture during wartime," making it a true historical legacy.
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Value for collectors
• Rarity: Although this banknote was printed in large quantities during the chaotic wartime period, there are very few in good condition left, and VF (Very Fine) class notes are difficult to obtain.
• Educational value: Can also be used as a history teaching material or research resource for wartime economics.
• Artistic value: The designs, based on ancient Greek mythology, are highly valued by collectors, history enthusiasts and designers alike.
• Investment value: Inflationary banknotes are a symbol of the times and are in stable demand, with their value expected to rise in the future.
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Why buy from GoldSilverJapan?
GoldSilverJapan carefully selects and delivers only the most reliable banknotes. These banknotes are also imported directly from Greece and inspected by experts before being offered. Each banknote is in a reliable condition equivalent to VF (Very Fine), so you can store and display them with confidence after purchase.
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Important Notice
• This item is in VF (Very Fine) condition.
• Serial numbers and issue years (variations throughout 1944) vary from note to note, but all are in comparable condition.
• The displayed image is for reference only. The product you will receive will be a different item in the same condition.
• It has a face value of 5 million drachmas, but is not currently usable as legal tender.
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summary
This 1944 Greek 5,000,000 drachma banknote is more than just a vintage note; it's a historical witness at the intersection of war, economics, and culture. It's sure to be a treasured addition to your collection or as an intellectual asset. Stocks are limited, so be sure to get yours soon.
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✅ Buy now and add a piece of history to your collection!
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