Collectible 1932 500 Drachmai | Bank of Greece Note | Ancient Frieze Artwork

This magnificent 500 Drachmai banknote from 1932, issued by the Bank of Greece, showcases the artistic excellence of the American Bank Note Company. The reverse features an ornate classical frieze with dynamic depictions of animals in motion, symbolizing Greek heritage and strength. Printed during the Second Hellenic Republic, this piece is a beautiful example of Greece’s interwar currency and an excellent addition to any historical or European banknote collection.

This 1932 Greece 500 Drachmai (P#102a) note represents a significant chapter in Greek monetary and political history:

• Historical Context: Issued during the Second Hellenic Republic, an era of political instability and economic challenges.

• High-Quality Design: Produced by the American Bank Note Company, a global leader in banknote engraving.

• Scarcity: While 6 million were printed, most have not survived in collectible condition.

• Collector Demand: Classic Greek notes with mythological or ancient art motifs are increasingly sought after.

• Unique Reverse Art: Features dramatic Greek frieze imagery—horses, lions, and ancient themes.

• Recognized Reference: Listed as Pick #102a, boosting its legitimacy and catalog appeal.

• Investment Growth: Value in Fine+ condition remains affordable but has seen steady appreciation due to rarity and historic appeal.

• Numista Entry for P#102a: https://en.numista.com/catalogue/note207341.html

• Banknote Index – Greece: https://banknoteindex.com/greece

• Standard Catalog of World Paper Money – General Issues, Pick #102

• American Bank Note Company Archives – design reference and production history