Czechoslovakia,  Narodni Banky Ceskoslovenská, 1926 I/U Gold Dollar Stock Certificate Rarity

Currency:USD Category:Coins & Paper Money / Paper Money - World Currency Start Price:1,400.00 USD Estimated At:2,000.00 - 4,000.00 USD
Czechoslovakia,  Narodni Banky Ceskoslovenská, 1926 I/U Gold Dollar Stock Certificate Rarity

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Czechoslovakia, April, 1, 1926, 100 Gold U.S. Dollars, Series A, I/U Stock Certificate, Dark blue on light beige-gray underprint, Warrior woman at left on white horse slaying dragon with a smaller woman in the background, S/N 14286, 4 talons or dividend coupons are included but not attached. The artwork appears similar to a Mucha style but it is not signed. The National Bank of Czechoslovakia (Czech: Národní Banka Československá) was established in 1926 and was the central bank of Czechoslovakia between 1926 and 1939. In the following 3 years, the country experienced a period of economic prosperity, including in terms of manufacturing activity, currency strength, and general economic growth. In the aftermath of the Wall Street Crash of 1929, the Czechoslovakian economy entered depression. The National Bank originally followed a deflationary monetary policy, which exacerbated the problems. The National bank also eliminated the ability to convert currency into gold and competitive devaluation. In March 1939, Adolf Hitler fostered the secession of Slovakia and took over the Protectorate of Bohemia and Moravia, and the National Bank was consequently divided into two separate entities respectively in Bratislava and Prague. More than 45 metric tons of the National Bank's gold reserves was seized by Deutsche Reichsbank. Historic and founding stock certificate from this important bank. This is the first time we have offered this lovely certificate.