Given that the usual way central banks deal with unissued paper
currency is by destroying it, the Bank of Lithuania was thinking far
out of the box when it decided to sell it to collectors instead. The
first sale of 500 sets of 1,000- and 500-litas notes of 1991 and
100-litas notes of 1994 took place on Dec. 4 in an online sale
conducted by the bank. The starting price was €50 per set.
A total of 5,000 sets were created, with 4,484 sets to be offered
starting Dec. 12 for the average price of the auction. They will be
available on the Bank of Lithuania’s pre-ordering system
https://lb.lt/uzsakymai/ and at the Bank of Lithuania’s Cash Offices.
Sixteen sets were set aside for the needs of the bank.
Want to be an ‘early bird’? Buy a badge at your
next coin show and gain early bourse access.
Also this week, John Wexler tracks down the rare 1970-S Lincoln,
Doubled Die Obverse #1 cent.
The bank explained in a Nov. 29 statement that these bank notes
were never put into circulation and were never recognized as legal
tender. They are just souvenirs and cannot officially be exchanged
Twenty thousand pieces of each denomination were designated for the
numismatic purposes of the Bank of Lithuania. Fifteen thousand notes
were transferred to the Money Museum for what the bank says is an
Connect with Coin World:
up for our free eNewsletter
Like us on
us on Twitter
These are among the first litas bank notes, and two of the
denominations were printed a few years before the first issue in June
1993. The 1,000-litas note is the only note ever of that denomination.
It features the artist and composer Mikalojus Konstantinas Čiurlion.
The writer and a public figure Vincas Kudirka is on the 500-litas
issue. The 100-litas note shows Simonas Daukantas, an author of
Lithuanian history, promoter of folklore, and educator.
Lithuania switched to the euro on Jan. 1, 2015.