Skip to content

Paper money

How to identify a banknote

A banknote carries more printed evidence than almost any other collectible. Read it in a fixed order to narrow the issuer and series, leaving undocumented varieties unresolved.

Comparison checklist

Issuer and obligation
Record and compareCopy the bank or treasury name, payment clause, denomination and branch wording on both sides.
Limits of the evidenceCurrency and language alone do not distinguish a state issue from a private, occupation or emergency issue.
Dates and signatures
Record and compareSeparate issue, law and series dates; note printed office titles and signature positions before comparing combinations.
Limits of the evidenceA printed date can remain unchanged across later printings. Do not identify an unreadable signature by resemblance.
Serials and overprints
Record and compareCopy prefixes, suffixes, leading zeros, punctuation and the location of each number or later overprint.
Limits of the evidenceReplacement status and serial-block dates require issuer or catalogue documentation; a star has no universal meaning.
Paper and printing
Record and compareMeasure the complete note without flattening it; inspect printer imprints, transmitted-light features and visible print texture.
Limits of the evidenceOrdinary museum scans do not prove watermarks, fluorescence, raised ink or paper composition.
Circulation or specimen
Record and compareRecord specimen wording, cancellation holes, unprinted areas and annotations exactly as seen.
Limits of the evidenceMissing serials alone do not establish a proof. A museum note demonstrates that specimen, not every series variety.

Step by step

  1. 1

    Name the issuing authority

    The heading is rarely the country: it is a central bank, a treasury, a state bank, an occupying authority, a colonial board or, in emergencies, a city or company. That distinction is the single most useful piece of information on the note.

    • Full institutional name, in the original language
    • Whether it is a state issue, a private bank issue or emergency money
    • For occupation and colonial issues, which authority actually stood behind it
  2. 2

    Establish series and date

    Notes carry a series designation, a date of issue, a date of law, or all three, and they do not always agree. Record each date separately and label which is which.

    • Date printed on the note versus the series or law it cites
    • Whether the series ran for years with the same date
    • Emergency issues: dates can be days apart in hyperinflation periods
  3. 3

    Read the denomination and the wording around it

    The numeral is the easy part; the surrounding promise text tells you what kind of instrument it is — payable in silver, in gold, in legal tender, or on demand at a named branch.

    • Denomination in numerals and words, in every language present
    • Any redemption clause or promise of payment
    • Overprints or revaluations applied after issue
  4. 4

    Record signatures, serial block and prefix

    Signature combinations and serial prefix blocks are how catalogues separate otherwise identical notes. Transcribe the serial exactly, including letters, stars, leading zeros and the position of the number.

    • Number and names of signatories, where printed
    • Serial prefix or block letters, and any suffix
    • Possible replacement indicators: record symbols and prefixes, then verify against that issuer's documentation
  5. 5

    Find the printer imprint and the security features

    The printer is usually named in tiny type in a margin. Security features — watermark, security thread, planchettes, intaglio relief, microtext, fibres — help compare documented series, but neither their presence nor a scan authenticates the note.

    • Printer name or monogram along an edge
    • Watermark held against light, described rather than assumed
    • Record print texture without rubbing the surface; an ordinary scan cannot confirm raised intaglio ink
    • Paper colour, fibres, and whether it is paper, cotton or polymer
  6. 6

    Match to a reference and keep the conflicts

    Compare to a standard paper-money catalogue, a central bank publication or a museum record. Where a catalogue and a central bank disagree on dating or series, publish both readings with attribution.

    • Catalogue, edition and number, transcribed not inferred
    • Central bank or archive confirmation where it exists
    • Note what remains unresolved rather than settling it silently

Museum specimens for comparison

Compare visible evidence with the museum's documented object. A collection number identifies the museum specimen, not every object of that type; hidden features remain research required.

United States — Silver Certificate — 1 Dollar — Series 1935

National Museum of American History, Smithsonian Institution · Public domain · Museum source

United States — Silver Certificate — 1 Dollar — Series 1935

Series 1935

Well documented

The Series 1935 one-dollar silver certificate is a small-size United States banknote produced by the Bureau of Engraving and Printing. Issued as representative money redeemable in silver on demand at the time of its release, the note was printed by intaglio on paper composed of a blend of 75 per cent cotton and 25 per cent linen. Although silver certificates ceased to be redeemable in silver bullion or coin after 1968, notes of this type remain valid legal tender at their face value. The reverse design featuring both faces of the Great Seal of the United States made its debut in 1935, replacing earlier small-size backs. Under Treasury practice of the period, the series date inscribed on a note did not reflect the precise calendar year of printing, but rather indicated a significant revision in design. One-dollar silver certificates served as the primary circulating one-dollar paper currency until the denomination was issued as a Federal Reserve Note in 1963. The obverse is centred on a portrait of George Washington based on Gilbert Stuart's 1796 Athenaeum Portrait, framed by a blue Treasury seal and blue serial numbering, with star notes utilised to replace imperfect sheets. The reverse depicts both sides of the Great Seal of the United States. Individual varieties within the Series 1935 group are distinguished by the series letter suffix and the specific pairing of Treasury signatures.

Source note
Background drawn from Wikipedia (“United States one-dollar bill”; “Silver certificate (United States)”), a tertiary source; details have not yet been checked against issuing-authority records or a standard catalogue.
How to identify
To distinguish this silver certificate from contemporary United States Notes and Federal Reserve Notes, check for the blue Treasury seal, blue serial numbering, and silver obligation text, noting the series letter and signature pair to identify the specific variety.
Key diagnostics
Series letter and the pair of signatures determine the exact variety
Common confusions
Federal Reserve notes and United States notes of similar design differ by seal colour and obligation text
Read the full record
Educational Series silver certificate

National Museum of American History via Wikimedia Commons · Public domain · Museum source

Educational Series silver certificate

Series 1896

Well documented

The Educational Series refers to a group of three United States silver certificates produced in 1896 by the U.S. Treasury. Production began after Claude M. Johnson, chief of the Bureau of Engraving and Printing, directed that new currency designs be prepared. The series takes its name from the title of the allegorical vignette appearing on the one-dollar note, History Instructing Youth. Although higher denominations of ten, twenty, fifty, one hundred, five hundred, and one thousand dollars were planned, only the one-, two-, and five-dollar denominations were ever completed and issued before the series was abandoned and replaced by the Series of 1899. The notes are defined by complex allegorical compositions across the obverse and dual historical portraits on the reverse, with female allegorical figures appearing on every denomination. The one-dollar note displays History Instructing Youth on the front, designed by Will Hicok Low and engraved by Charles Schlecht, paired with reverse portraits of George and Martha Washington. The two-dollar note depicts Science presenting steam and electricity to Commerce and Manufacture, designed by E. H. Blashfield and engraved by G. F. C. Smillie and Charles Schlecht, with Robert Fulton and Samuel F. B. Morse portrayed on the reverse. The five-dollar note features the central vignette Electricity as the Dominant Force in the World, designed by Walter Shirlaw and engraved by G. F. C. Smillie, with portraits of Ulysses S. Grant and Phillip Sheridan on the back. The exposed breasts of the female allegorical figures on the five-dollar note caused minor controversy among members of Boston society, leading some contemporary bankers to reject the notes during transactions and reputedly giving rise to the phrase "banned in Boston".

Source note
Background drawn from Wikipedia (“Educational Series”), a tertiary source; details have not yet been checked against issuing-authority records or a standard catalogue.
How to identify
To identify an Educational Series certificate, verify the 1896 date and look for large allegorical obverse vignettes—History Instructing Youth on the $1, Science presenting steam and electricity on the $2, or Electricity as the Dominant Force on the $5—accompanied by dual portrait vignettes on the reverse.
Read the full record
Assignat of five livres, series 17 E, no. 112514, issued 1 November 1791, cancelled in Utrecht

Rijksmuseum, Amsterdam · Public Domain (Rijksmuseum) · Museum source

Assignat of five livres, series 17 E, no. 112514, issued 1 November 1791, cancelled in Utrecht

1791-05-06

Documented

Single-sided printed assignat: field, bordered on all sides by a band with inscriptions and ornament; in the central field: inscription "Domaines Nationaux / Assignat de cinq livres / payable au Porteur par la Caisse de l'Extraordinaire." above partially handwritten serial number, signature, and value designations in a decorated compartment; in the field relief stamp: bust of a man to the left within a circumscription; printed over the image is the text "FAUX / UTRECHT". Reverse: inscription and text "FAUX / UTRECHT". The Rijksmuseum, Amsterdam, holds this object as NG-VG-20-240-F; its record gives material recorded as paper, ink; technique writing (processes), blocked, printing; measurements height 6.7 cm x width 10.1 cm.

Source note
Description translated from the museum's Dutch catalogue text; details are those of this museum object, and how far it represents a wider type has not been independently verified.
original title
Te Utrecht ongeldig gemaakte assignat van vijf livres, serie 17 E, nr. 112514 uitgegeven 1 november 1791
holding institution
Rijksmuseum, Amsterdam
museum object number
NG-VG-20-240-F
museum classification
["assignat","waardepapier"]
Read the full record
Fifty centisimi, series G, no. 23607 issued by the Banca popolare di Genova

Rijksmuseum, Amsterdam · Public Domain (Rijksmuseum) · Museum source

Fifty centisimi, series G, no. 23607 issued by the Banca popolare di Genova

1868-06-24

Documented

Obverse: St. George on horseback tramples a dragon lying on the ground; above and below inscription, left and right serial number; below: denomination between two signatures. Reverse: in a field, bordered on all sides by a band divided into compartments with inscriptions and denominations: medallion containing a crowned coat of arms, flanked by two griffins within a legend. The Rijksmuseum, Amsterdam, holds this object as NG-ZN-285; its record gives material recorded as paper; technique printing; measurements height 4.1 cm x width 6.7 cm.

Source note
Description translated from the museum's Dutch catalogue text; details are those of this museum object, and how far it represents a wider type has not been independently verified.
original title
Vijftig centisimi, serie G, no. 23607 uitgegeven door de Banca popolare di Genova
holding institution
Rijksmuseum, Amsterdam
museum object number
NG-ZN-285
museum classification
["bank notes","waardepapier"]
Read the full record
Banknote of two South African rand

Rijksmuseum, Amsterdam · Public Domain (Rijksmuseum) · Museum source

Banknote of two South African rand

1981 - 1990

Documented

Banknote of two South African rand — Rijksmuseum object NG-2016-4-A. Dated by the museum: 1981 - 1990. Museum record — Classification: bank notes; twee rand; waardepapier. Original title: Bankbiljet van twee Zuid-Afrikaanse rand. It is catalogued under Republic of South Africa. Physically, the entry records material paper.

Source note
These details come from the holding museum's own record of this object; how far it represents a wider collectible type has not been independently verified.
original title
Bankbiljet van twee Zuid-Afrikaanse rand
How to identify
Compare the issuing bank, value, date, signatures and serial format, and check the watermark and printer's imprint; dates and signature combinations separate sub-varieties.
museum object number
NG-2016-4-A
museum classification
["bank notes","twee rand","waardepapier"]
Read the full record

Common mistakes

  • Confusing the date of the law with the date of issue.
  • Reading a hyperinflation overprint as the original denomination.
  • Treating a specimen, proof, cancelled or reproduction note as a circulating issue — look for punch holes, SPECIMEN overprints and missing serials.
  • Ignoring the printer imprint, which often settles which of two near-identical series a note belongs to.
  • Pressing, trimming or taping a note: all three destroy evidence and are irreversible.

A banknote's identification is separate from its condition and from any market price. This catalogue records what a note is and who issued it, with sources; it publishes no valuations.

Practise on these records

[Underground banknote with Lech Wałęsa], Niezależny Bank Polski., 1983

banknotes

[Underground banknote with Lech Wałęsa], Niezależny Bank Polski., 1983

1983

[Underground banknote with Lech Wałęsa], Niezależny Bank Polski., 1983 is held by Open Society Archives at Central European University, dated 1983. Museum description: col. print; The museum record gives place associated: Poland; maker recorded: Niezależny Bank Polski.

Documented

Research required

1 000 000 Lira, Central Bank of Turkey, Turkey, 1995–1996 (Pick 209)

banknotes

1 000 000 Lira, Central Bank of Turkey, Turkey, 1995–1996 (Pick 209)

1995-1996

This 1 000 000 Lira note was issued in Turkey by the Central Bank of Turkey, with dates recorded from 1995–1996. It belongs to the Old lira (1923-2005) currency system. Issuing authority and period recorded in the catalogue: Republic (1923-date). It measures 160 × 76 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 209. Obverse: A portrait of President Mustafa Kemal Atatürk. Its lettering reads “TÜRKİYE CUMHURİYET / MERKEZ BANKASI / 1000000 / BİR MİLYON / TÜRK LİRASI / 14 OCAK 1970 TARİH VE 1211 SAYILI / KANUNA GÖRE ÇIKARILMIŞTIR”. Translation given in the catalogue: “Central Bank of the Republic of Turkey, One Million Turkish Lira, Issued according to the law number 1211 of 14 January 1970”. Reverse: A panoramic view of Atatürk Dam in Şanlıurfa-Adıyaman. Its lettering reads “TÜRKİYE CUMHURİYET MERKEZ BANKASI / BİR MİLYON 1000000”. Translation given in the catalogue: “Central Bank of the Republic of Turkey, One Million Turkish Lira”. The note was printed by Türkiye Cumhuriyet Merkez Bankası Banknot Matbaası, Ankara, Turkey (1955-date). Design is credited to Hüseyin Şaşmaz. Engraving is credited to Şükrü Ertürk, Mustafa Çakırcalı. Watermark: Kemal Atatürk. Signatures recorded for the type: Şakir Yaman Törüner (ŞYT) (Governor); Osman Cavit Ertan (OCE) (Vice-Governor); Süleyman Gazi Erçel (SGE) (Governor); Selçuk Abaç (SA) (Vice-Governor). Issue date recorded in the catalogue: 16 January 1995. Demonetized: 31 December 2015.

Documented

Research required

1 000 000 Rials, Central Bank of the Islamic Republic of Iran, Iran, 2010–2015 (Pick 154B)

banknotes

1 000 000 Rials, Central Bank of the Islamic Republic of Iran, Iran, 2010–2015 (Pick 154B)

2010-2015

This 1 000 000 Rials note was issued in Iran by the Central Bank of the Islamic Republic of Iran, with dates recorded from 2010–2015. It belongs to the Second Rial (1932-date) currency system. Issuing authority and period recorded in the catalogue: Islamic Republic (1979-date). It measures 160 × 75 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 154B. Signatures recorded for the type: Mahmoud Bahmani (MB) (President); Valiollah Seif (VS) (President).

Documented

Research required

1 000 000 Rials, Central Bank of the Islamic Republic of Iran, Iran, 2026

banknotes

1 000 000 Rials, Central Bank of the Islamic Republic of Iran, Iran, 2026

2026

This 1 000 000 Rials note was issued in Iran by the Central Bank of the Islamic Republic of Iran, dated 2026. It belongs to the Second Rial (1932-date) currency system. Issuing authority and period recorded in the catalogue: Islamic Republic (1979-date). It measures 156 × 71 mm and is printed on paper. Numista identifies the design as “/ 1 000 000 Rials”. Obverse: Shrine of Fatima Masumeh in Qom. Reverse: Map of the Persian Gulf and Strait of Hormuz; doves flying in Shajareh Tayyibeh Elementary School classroom with empty desks and chalkboard. The note was printed by Security Paper Mill (کارخانه تولید کاغذ اسناد بهادار, TAKAB), Āmol, Iran (2002-date). Watermark: Archway and electrotype "100". Signature recorded: Abdolnaser Hemmati (AH), President.

Documented

Research required

1 Baht (1 บาท), Bank of Thailand, Thailand, 1954–1969 (Pick 74)

banknotes

1 Baht (1 บาท), Bank of Thailand, Thailand, 1954–1969 (Pick 74)

1954-1969

This 1 Baht note was issued in Thailand by the Bank of Thailand, with dates recorded from 1954–1969. It belongs to the Baht (1897-date) currency system. Issuing authority and period recorded in the catalogue: Bhumibol Adulyadej (Rama IX) (1946-2016). It measures 126 × 66 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 74. Obverse: King Bhumibol Adulyadej in the uniform of the Supreme Commander on left side of the note. Wat Pho as seen from the Chao Praya River. Its lettering reads “รัฐบาลไทย / ธนบัตรเป็นเงินที่ชำระหนี้ได้ตามกฎหมาย / หนังบาท”. Translation given in the catalogue: “Thai Government Banknotes are legal tender, One Baht”. Reverse: Anandasamakom Throne Hall. Its lettering reads “โทษฐานปลอมหรือแปลงธนบัตร คือจำคุกตลอดเวท หรือ าคุกอย่างสูงยี่สิบปีและปรับอย่างสูงสี่หมื่นบาท / THOMAS DE LA RUE & COMPANY LIMITED LONDON.”. Translation given in the catalogue: “Penalty for counterfeiting or altering banknotes is imprisonment for life or imprisonment for a maximum of twenty years and a fine of up to forty thousand baht THOMAS DE LA RUE & COMPANY LIMITED LONDON.”. The note was printed by De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date). Watermark: 74a, b - Constitution 74c, d - Side profile of King Bhumibol Adulyadej. Signatures recorded for the type: Pao Pienlert Boripanyuthakit (PPB) (Minister of Finance); Serm Vinicchayakul (SV₁) (Governor); Kasem Sriphayaka (KS) (Governor); Boonkert Sutantanon (BS) (Minister of Finance); Serm Vinicchayakul (SV₂) (Minister of Finance); Jote Guna-Kasem (JGK₁) (Governor); Jote Guna-Kasem (JGK₂) (Minister of Finance); Sunthorn Hongladarom (SH) (Minister of Finance) and further combinations. Demonetized: 1975.

Documented

Research required

1 Balboa, Central Bank of Issue of the Republic of Panama, Panama, 1941 (Pick 22)

banknotes

1 Balboa, Central Bank of Issue of the Republic of Panama, Panama, 1941 (Pick 22)

1941

This 1 Balboa note was issued in Panama by the Central Bank of Issue of the Republic of Panama, dated 1941. It belongs to the Balboa (1904-date) currency system. Issuing authority and period recorded in the catalogue: Republic (1903-date). It measures 158 × 67 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 22. Obverse: Portrait of Vasco Nuñez de Balboa. Vasco Nuñez de Balboa (c. 1475 – around January 12–21, 1519) was a Spanish explorer, governor, and conquistador. He is best known for having crossed the Isthmus of Panama to the Pacific Ocean in 1513, becoming the first European to lead an expedition to have seen or reached the Pacific from the New World. Its lettering reads “UN UN / MONEDA FIDUCIARIA DE CURSO LEGAL / CONSTE POR ESTE BILETTE QUE HAY DEPOSITADO EN / EL BANCO CENTRAL DE EMISIÓN DE LA / REPÚBLICA DE PANAMÁ / UN BALBOA / PAGADERO AL PORTADOR A SOLICITUD”. Reverse: In the center we see the coat of arms of Panama. Its lettering reads “REPUBLICA DE PANAMA / UN BALBOA”. The note was printed by Hamilton Bank Note Company (HBNC), New York City, United States. Demonetized: 9 October 1941.

Documented

Research required

1 Boliviano, Bank of the Bolivian Nation, Bolivia, 1911 (Pick 103)

banknotes

1 Boliviano, Bank of the Bolivian Nation, Bolivia, 1911 (Pick 103)

1911

This 1 Boliviano note was issued in Bolivia by the Bank of the Bolivian Nation, dated 1911. It belongs to the First boliviano (1864-1963) currency system. Issuing authority and period recorded in the catalogue: Republic (1825-2009). It measures 140 × 70 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 103. Obverse: Black with brown, green and purple quilloches at sides. Mercury at center. Its lettering reads “El Banco de la Nacion Boliviana / La Paz, 11 de Mayo de 1911 / Pagará al portador á la vista / Un Boliviano / En moneda corriente”. Translation given in the catalogue: “The Bolivian National Bank La Paz, May 11, 1911 Will pay the bearer on demand One Boliviano In legal tender”. Reverse: Green print. Bolivian national emblem at center with value on the sides. Its lettering reads “Banco de la Nacion Boliviana”. Translation given in the catalogue: “Bolivian National Bank”. The note was printed by American Banknote Corporation (American Bank Note Company), United States (1795-date). Signatures recorded for the type: Juan F. Granier (JFG) (Accountant); V. Sánchez Peña (VSP) (Government Delegate); Ernesto García Pacheco (EGP) (Director-Manager); Enevold Otto Detlefsen (EOD) (Government Delegate); Juan Perou Cusicanqui (JPC) (Director-Manager). Issue date recorded in the catalogue: 1928. Demonetized: Yes.

Documented

Research required

1 Boliviano, Bank of the Bolivian Nation, Bolivia, 1911 (Pick 104)

banknotes

1 Boliviano, Bank of the Bolivian Nation, Bolivia, 1911 (Pick 104)

1911

This 1 Boliviano note was issued in Bolivia by the Bank of the Bolivian Nation, dated 1911. It belongs to the First boliviano (1864-1963) currency system. Issuing authority and period recorded in the catalogue: Republic (1825-2009). It measures 140 × 70 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 104. Obverse: Black, gray and green print. Watermark at center with guilloches at sides. Issuer name on top, face value in numbers on all four corners, and sides of watermark area, in letters below watermark.Black series, 1 letter and 1 number on lower sides, red serial #s on upper sides. Three black signatures with titles below on lower zone.issuing place on top left, issuing date on upper right. Printer name on bottom. Its lettering reads “1 EL BANCO DE LA NACION BOLIVIANA / La Paz, 11 de Mayo de 1911 / PAGARÁ AL PORTADOR Á LA VISTA / UN BOLIVIANO / EN MONEDA CORRIENTE / CONTADOR DELEGADO DEL GOBIERNO DIRECTOR GENERAL / CARTIERE PIETRO MILANI - FABRIANO (ITALIA)”. Translation given in the catalogue: “The Bolivian National Bank Will pay the bearer at sight La Paz, May 11th., 1911 One Boliviano In legal tender Accountant, Government Delegate, General Director”. Reverse: Green print. Watermak area at center; issuer name on top and below, divided by watermark. face value in numbers on sides of watermark, in letters on side edges. Printer name on bottom. Its lettering reads “BANCO DE LA / 1 / NACION BOLIVIANA / OFFICINA CARTE VALORI TURATI LOMBARDI - MILANO”. Translation given in the catalogue: “Bank of the Bolivian Nation”. The note was printed by Calcografía e Cartevalori (Carte Valori Coen & C.; Coen & C. Banconote), Milan, Italy, Cartiere Miliani, Fabriano, Italy. Watermark: Large head of Mercury. Signatures recorded for the type: Mariano Aguirre (MA) (Accountant); J. A. Whitaker (JAW) (Government Delegate); Juan Perou Cusicanqui (JPC) (Director-Manager). Issue date recorded in the catalogue: 1920. Demonetized: Yes.

Documented

Research required

This guide helps you identify a type. It does not estimate value, grade, or authenticate an individual object. How records are made.