{"product_id":"latvia-1920-banknote-set-25-50-kapeikas-p-11-p-12","title":"Latvia 1920 Banknote Set – 25 \u0026 50 Kapeikas P-11 P-12 F","description":"\u003cp data-start=\"161\" data-end=\"562\"\u003eOwn 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.\u003c\/p\u003e\n\u003cp data-start=\"564\" data-end=\"901\"\u003eDespite 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.\u003c\/p\u003e\n\u003cp data-start=\"903\" data-end=\"1108\"\u003eWhether 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.\u003c\/p\u003e\n\u003chr data-start=\"1110\" data-end=\"1113\"\u003e\n\u003ch2 data-start=\"1115\" data-end=\"1136\"\u003eIncluded Banknotes\u003c\/h2\u003e\n\u003ch3 data-start=\"1138\" data-end=\"1167\"\u003eLatvia 25 Kapeikas (P-11) F\u003c\/h3\u003e\n\u003cul data-start=\"1168\" data-end=\"1346\"\u003e\n\u003cli data-start=\"1168\" data-end=\"1180\"\u003eYear: 1920\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1209\" data-end=\"1228\"\u003ePick Number: P-11\u003c\/li\u003e\n\u003cli data-start=\"1229\" data-end=\"1244\"\u003eColor: Orange\u003c\/li\u003e\n\u003cli data-start=\"1245\" data-end=\"1310\"\u003eFeatures intricate guilloche security patterns and Latvian text\u003c\/li\u003e\n\u003cli data-start=\"1311\" data-end=\"1346\"\u003ePrinted identically on both sides\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-start=\"1348\" data-end=\"1377\"\u003eLatvia 50 Kapeikas (P-12) F\u003c\/h3\u003e\n\u003cul data-start=\"1378\" data-end=\"1555\"\u003e\n\u003cli data-start=\"1378\" data-end=\"1390\"\u003eYear: 1920\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1419\" data-end=\"1438\"\u003ePick Number: P-12\u003c\/li\u003e\n\u003cli data-start=\"1439\" data-end=\"1461\"\u003eColor: Violet\/Purple\u003c\/li\u003e\n\u003cli data-start=\"1462\" data-end=\"1519\"\u003eLarger denomination counterpart to the 25 Kapeikas note\u003c\/li\u003e\n\u003cli data-start=\"1520\" data-end=\"1555\"\u003ePrinted identically on both sides\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003chr data-start=\"1557\" data-end=\"1560\"\u003e\n\u003ch2 data-start=\"1562\" data-end=\"1587\"\u003eHistory \u0026amp; Significance\u003c\/h2\u003e\n\u003cp data-start=\"1589\" data-end=\"1904\"\u003eFollowing 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.\u003c\/p\u003e\n\u003cp data-start=\"1906\" data-end=\"2215\"\u003eThese 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.\u003c\/p\u003e\n\u003cp data-start=\"2217\" data-end=\"2355\"\u003eToday, surviving examples offer a tangible connection to the birth of modern Latvia and the economic realities of post-World War I Europe.\u003c\/p\u003e\n\u003chr data-start=\"2357\" data-end=\"2360\"\u003e\n\u003ch2 data-start=\"2362\" data-end=\"2373\"\u003eFeatures\u003c\/h2\u003e\n\u003ch3 data-start=\"2375\" data-end=\"2404\"\u003eLatvia 25 Kapeikas (P-11)\u003c\/h3\u003e\n\u003cul data-start=\"2405\" data-end=\"2686\"\u003e\n\u003cli data-start=\"2423\" data-end=\"2462\"\u003eIssuing Authority: Republic of Latvia\u003c\/li\u003e\n\u003cli data-start=\"2463\" data-end=\"2493\"\u003ePeriod: Republic (1918–1940)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"2507\" data-end=\"2543\"\u003eCurrency: First Rouble (1919–1922)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"2572\" data-end=\"2609\"\u003eType: Standard circulation banknote\u003c\/li\u003e\n\u003cli data-start=\"2610\" data-end=\"2627\"\u003eMaterial: Paper\u003c\/li\u003e\n\u003cli data-start=\"2628\" data-end=\"2646\"\u003eSize: 55 × 35 mm\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-start=\"2688\" data-end=\"2717\"\u003eLatvia 50 Kapeikas (P-12)\u003c\/h3\u003e\n\u003cul data-start=\"2718\" data-end=\"2999\"\u003e\n\u003cli data-start=\"2736\" data-end=\"2775\"\u003eIssuing Authority: Republic of Latvia\u003c\/li\u003e\n\u003cli data-start=\"2776\" data-end=\"2806\"\u003ePeriod: Republic (1918–1940)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"2820\" data-end=\"2856\"\u003eCurrency: First Rouble (1919–1922)\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"2885\" data-end=\"2922\"\u003eType: Standard circulation banknote\u003c\/li\u003e\n\u003cli data-start=\"2923\" data-end=\"2940\"\u003eMaterial: Paper\u003c\/li\u003e\n\u003cli data-start=\"2941\" data-end=\"2959\"\u003eSize: 55 × 35 mm\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003chr data-start=\"3001\" data-end=\"3004\"\u003e\n\u003ch2 data-start=\"3006\" data-end=\"3023\"\u003eDesign Details\u003c\/h2\u003e\n\u003ch3 data-start=\"3025\" data-end=\"3040\"\u003e25 Kapeikas\u003c\/h3\u003e\n\u003cp data-start=\"3041\" data-end=\"3369\"\u003eThe note features the inscription \u003cstrong data-start=\"3075\" data-end=\"3102\"\u003e\"LATWIJAS MAIŅAS SIHME\"\u003c\/strong\u003e 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.\u003c\/p\u003e\n\u003ch3 data-start=\"3371\" data-end=\"3386\"\u003e50 Kapeikas\u003c\/h3\u003e\n\u003cp data-start=\"3387\" data-end=\"3706\"\u003eThe 50 Kapeikas note follows a similar design philosophy, displaying the inscription \u003cstrong data-start=\"3472\" data-end=\"3499\"\u003e\"LATWIJAS MAIŅAS SIHME\"\u003c\/strong\u003e 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.\u003c\/p\u003e\n\u003chr data-start=\"3708\" data-end=\"3711\"\u003e\n\u003ch2 data-start=\"3713\" data-end=\"3725\"\u003eCondition\u003c\/h2\u003e\n\u003cp data-start=\"3727\" data-end=\"4057\"\u003eThese notes are in \u003cstrong data-start=\"3746\" data-end=\"3780\"\u003ecirculated collector condition\u003c\/strong\u003e, 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.\u003c\/p\u003e\n\u003cp data-start=\"4059\" data-end=\"4169\"\u003ePlease review all images carefully, as the banknotes shown are the exact style and condition you will receive.\u003c\/p\u003e\n\u003chr data-start=\"4171\" data-end=\"4174\"\u003e\n\u003ch3 data-start=\"4176\" data-end=\"4191\"\u003ePerfect For\u003c\/h3\u003e\n\u003cul data-start=\"4192\" data-end=\"4394\"\u003e\n\u003cli data-start=\"4192\" data-end=\"4219\"\u003eWorld banknote collectors\u003c\/li\u003e\n\u003cli data-start=\"4220\" data-end=\"4260\"\u003eLatvian and Baltic history enthusiasts\u003c\/li\u003e\n\u003cli data-start=\"4261\" data-end=\"4292\"\u003eEmergency currency collectors\u003c\/li\u003e\n\u003cli data-start=\"4293\" data-end=\"4326\"\u003eEuropean numismatic collections\u003c\/li\u003e\n\u003cli data-start=\"4327\" data-end=\"4360\"\u003eHistorical educational displays\u003c\/li\u003e\n\u003cli data-start=\"4361\" data-end=\"4394\"\u003eUnique gifts for history lovers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"4396\" data-end=\"4552\" data-is-last-node=\"\" data-is-only-node=\"\"\u003eA charming and increasingly difficult-to-find set from the earliest years of independent Latvia, preserving an important chapter in Baltic monetary history.\u003c\/p\u003e\n\u003ch3 data-end=\"1870\" data-start=\"1831\"\u003e\n\u003cstrong data-end=\"1870\" data-start=\"1834\"\u003eReturns \u0026amp; Guarantee\u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e\u003cstrong data-start=\"1834\" data-end=\"1870\"\u003eDisclaimer\u003c\/strong\u003e\n\u003c\/h3\u003e\n\u003cp\u003eAll sales, returns, and guarantees for this item are governed strictly by our Terms of Service. Please review the full policy \u003ca rel=\"noopener\" href=\"https:\/\/extremebanknotes.com\/policies\/terms-of-service\" target=\"_blank\"\u003ehere\u003c\/a\u003e\u003cspan\u003e \u003c\/span\u003ebefore purchasing. By purchasing, you acknowledge and agree to these terms.\u003c\/p\u003e\n\u003chr data-start=\"1715\" data-end=\"1718\"\u003e\n\u003ch3 data-start=\"1321\" data-end=\"1639\"\u003e\u003cstrong data-start=\"1643\" data-end=\"1672\"\u003eSerial Number Disclaimer\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp data-start=\"1321\" data-end=\"1639\"\u003eActual 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.\u003c\/p\u003e\n\u003chr data-start=\"1715\" data-end=\"1718\"\u003e\n\u003ch3\u003e\u003cstrong\u003eContact us\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eFeel free to reach out to us if You're searching for a specific banknote to add to Your collection or if You have any questions about our products, services, or a previous order - we are here to assist You!\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":59871743836494,"sku":null,"price":5300.0,"currency_code":"HUF","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/LatviaSet25kapfb.png?v=1781251759","url":"https:\/\/extremebanknotes.com\/products\/latvia-1920-banknote-set-25-50-kapeikas-p-11-p-12","provider":"Extreme Banknotes","version":"1.0","type":"link"}