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20 Lei

Issuer Banca Națională a României
Year 1877
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Value 20 Lei
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Obverse lettering BILET HYPOTHECAR 12 JUNIU 1877 DOUE-DECI LEI MINISTRU DE FINANCIE MEMBRII AI COMITETULUI BILETELOR HIPOTHECARE Casier cal al Tesaurului ROMANIA A. BRAMTOT et G. DUVAL fec. P. DUJARDIN sc.
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Reverse lettering 20 20 20 FALSIFICATORII ACESTOR BILETE CUM SI TOTI ACEIA CARI VOR FI CONTRIBUIT LA EMITEREA UNEI SUME MAI MARI DE BILETE DA CAT CELE PREVAZUTE PRIN LEGEA DE FACIA, SE VOR PEDEPSI CONFORM ART. 112 SI URMATORUL DIN CODICELE PENAL A. BRAMTOT et G. DUVAL fec. P. DUJARDIN sc.
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Comments

Romania's first domestically-authorized paper money series was commissioned almost immediately after the country declared independence from Ottoman suzerainty in 1877 — the timing was deliberate, a fiscal assertion of sovereignty made tangible through printed currency. The Imprimerie Nationale in Paris handled the production, with engraving by Paul Dujardin and design work credited to Bramtot and Duval, a combination typical of high-grade French state printing of the period.

Pick 3 is among the earliest issues of the Banca Națională, which itself had only been founded that same year by an act of the Romanian parliament. The watermark security was modest by contemporary European banking standards, and the notes suffered from relatively rapid deterioration in circulation — fine or better survivors are genuinely uncommon.

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