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| 正面描述 | At left, a standing allegorical figure of Athena in classical dress holds a spear and rests against a shield, set against an orange guilloche underprint. A bust-length male portrait vignette occupies the centre within an ornate circular frame, flanked by the denomination numeral 25 on each side. The royal coat of arms of Greece appears at lower right, with three signature lines and a handwritten date below the central vignette. |
|---|---|
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| 背面铭文 | 25 25 BANQUE NATIONALE DE GRÈCE VINGT CINQ DRACHMES 25 25 (Translation: 25 25 National Bank of Greece Twenty-five Drachmas 25 25) |
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The National Bank of Greece leaned heavily on Waterlow & Sons throughout the late nineteenth century, a relationship driven by cost and reliability rather than any particular design ambition. This series was produced during a period of acute fiscal stress: Greece had defaulted on its external debt in 1893 and by 1897 was fighting — and losing — a brief war with the Ottoman Empire, after which an International Financial Commission was imposed on Athens to supervise state revenues directly.
Paper quality in surviving examples from this issue tends to be brittle at the folds, a known characteristic of Waterlow's stock used for Greek issues of this period rather than a circulation problem specific to any individual note.