Extreme Banknotes
Latvia 1920 Banknote Set – 25 & 50 Kapeikas P-11 P-12 F
Latvia 1920 Banknote Set – 25 & 50 Kapeikas P-11 P-12 F
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Own a fascinating piece of Latvia's early independence story with this authentic 1920 Latvia banknote set featuring the 25 Kapeikas and 50 Kapeikas notes. Issued during the formative years of the Latvian Republic, these small-denomination notes served as essential everyday currency while the young nation established its monetary system following World War I and independence from the Russian Empire.
Despite their modest denominations, these notes represent a pivotal moment in Latvian history—a period of nation-building, economic transition, and the creation of a national identity. Their compact size, intricate security patterns, and distinctive Latvian inscriptions make them highly collectible examples of early Baltic paper money.
Whether you're a collector of world banknotes, Latvian history, emergency currencies, or unusual miniature notes, this set offers a unique connection to one of Europe's most important post-war transitions.
Included Banknotes
Latvia 25 Kapeikas (P-11) F
- Year: 1920
- Pick Number: P-11
- Color: Orange
- Features intricate guilloche security patterns and Latvian text
- Printed identically on both sides
Latvia 50 Kapeikas (P-12) F
- Year: 1920
- Pick Number: P-12
- Color: Violet/Purple
- Larger denomination counterpart to the 25 Kapeikas note
- Printed identically on both sides
History & Significance
Following Latvia's declaration of independence in 1918, the newly established republic faced significant economic challenges, including shortages of small-denomination currency. To facilitate daily commerce, Latvia issued these kapeikas notes as part of its First Rouble monetary system, used between 1919 and 1922.
These notes circulated during a crucial chapter in Latvian history, when the nation was securing its independence and building the foundations of its modern state. As relics from Latvia's earliest years as an independent republic, they are treasured by collectors of Baltic, European, and historical currency.
Today, surviving examples offer a tangible connection to the birth of modern Latvia and the economic realities of post-World War I Europe.
Features
Latvia 25 Kapeikas (P-11)
- Issuing Authority: Republic of Latvia
- Period: Republic (1918–1940)
- Currency: First Rouble (1919–1922)
- Type: Standard circulation banknote
- Material: Paper
- Size: 55 × 35 mm
Latvia 50 Kapeikas (P-12)
- Issuing Authority: Republic of Latvia
- Period: Republic (1918–1940)
- Currency: First Rouble (1919–1922)
- Type: Standard circulation banknote
- Material: Paper
- Size: 55 × 35 mm
Design Details
25 Kapeikas
The note features the inscription "LATWIJAS MAIŅAS SIHME" above a bold central "25" denomination. Intricate geometric guilloche patterns fill the background, providing both security and visual appeal. The design is printed identically on both sides, a characteristic common among emergency and provisional issues of the era.
50 Kapeikas
The 50 Kapeikas note follows a similar design philosophy, displaying the inscription "LATWIJAS MAIŅAS SIHME" and a prominent central "50" denomination. Rich violet coloration and detailed ornamental linework create an attractive miniature banknote that reflects early twentieth-century security printing techniques.
Condition
These notes are in circulated collector condition, showing signs of genuine historical use consistent with their age. Visible folds, creases, handling wear, and paper aging are present, as shown in the photographs. Despite circulation wear, both notes retain clear designs, legible inscriptions, and strong collectible appeal.
Please review all images carefully, as the banknotes shown are the exact style and condition you will receive.
Perfect For
- World banknote collectors
- Latvian and Baltic history enthusiasts
- Emergency currency collectors
- European numismatic collections
- Historical educational displays
- Unique gifts for history lovers
A charming and increasingly difficult-to-find set from the earliest years of independent Latvia, preserving an important chapter in Baltic monetary history.
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Serial Number Disclaimer
Actual serial numbers on banknotes vary from piece to piece. The serial shown in product photos may not match the banknote you receive, but all items are guaranteed authentic and graded as described.
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CONDITION GUIDE
Gem Uncirculated
A note that is flawless, with the same freshness, crispness and bright color as when first printed. It
must be perfectly centered, with full margins, and free of any marks, blemishes or traces of handling.
About Uncirculated
A bright, crisp note that appears new but upon close examination shows a trace of very light use, such as a corner fold or faint crease. 'About Uncirculated' is a borderline condition, applied to a note which may not be quite uncirculated, but yet is obviously better than an average Extra Fine note. Such notes command a price only slightly below a new note and are highly desirable.
Extra Fine
A note that shows some faint evidence of circulation, although it will still be bright and retain nearly full crispness. It may have two or three minor folds or creases but no tears or stains and no discolorations.
Very Fine
A note that has been in circulation, but not actively or for long. It still retains some crispness and is still choice enough in its condition to be altogether desirable. It may show folds or creases, or some light smudges from the hands of a past generation. Sometimes, Very Fine notes are the best available in certain rare issues, and they should accordingly be cherished just as much as uncirculated notes.
Fine
A fine note shows evidence of much more circulation, has lost its crispness and very fine detail, and creases are more pronounced, although the note is still not seriously soiled or stained.
SHIPPING
Tracking information will be provided!
Your banknote will be packaged between two sturdy pieces of cardboard to safeguard its condition during transit, guaranteeing it arrives to you exactly as described. Should you have any inquiries, please don't hesitate to reach out - we're here to assist you!