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Orbis Collectibles

Polish zloty coinage of the 1924 reform

DocumentedSupported by at least one credible specialist source.

Record status

Individual type · partial

Period

Interwar

The Polish złoty coinage of the 1924 reform is the interwar metallic currency introduced to replace the hyperinflated Polish marka following financial stabilization measures led by Minister of Finance Władysław Grabski. Although designated on 28 February 1919 to supersede the interim marka, the new currency entered circulation in April 1924 at an exchange rate of 1 złoty to 1,800,000 marks.

Under this reform, the currency was structured into a decimal standard of 100 groszy to one złoty, departing from the historical 30-grosz ratio. Authorized minting of Polish coinage was conducted by Mennica Polska in Warsaw. The currency was tied to the United States dollar and functioned under a gold standard allowing free exchange into gold and foreign currency until 1933.

Evidence at a glance

Linked sources
2
Photograph views
1
Catalogue references
0

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Historical context

Following Poland's regained independence in 1918, the inherited Polish marka suffered from severe instability and galloping inflation. Minister of Finance Władysław Grabski introduced the 1924 monetary reform to halt inflation and establish the second złoty, which was supported by a stabilization loan from the Federal Reserve Bank of New York. Although initial deficits occurred, the złoty stabilized by 1926 due to factors including coal exports, allowing the government to maintain the gold standard with free convertibility into gold and foreign currency until 1933.

Identification

Recognition pointers (from background sources)
Denominated in złoty or its subunit, the grosz, reflecting the 1924 reform's decimal standard of 100 groszy to 1 złoty. Produced as part of the Second złoty system that began circulation in 1924 to replace the Polish marka. Manufactured by Mennica Polska, the Warsaw mint designated to produce Polish coinage.

Documentation checklist

Denomination
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Issue or mint date
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Material
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Weight
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Mint or printer
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Mint or printer mark
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Catalogue reference
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Attached photograph (check rights)
Recorded

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Catalogue references

No catalogue numbers recorded. Numbers are only published once transcribed from a verified edition of a standard catalogue — they are never inferred.

Research required

  • Denomination list, metals and mint attributions require verification from a printed catalogue
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