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The mystery 500,000 drachma of 1944. This note has the characteristic brown and black obverse as seen above. Millions of these notes were printed, yet several green notes have surfaced which were printed in the middle of the production run. How do we account for this?

collectors reporting their holdings, I was able to “match” identical serial numbers which appeared in different collections. In some cases only two of the same serial numbers appeared to form a match, while in one case seventeen of the same serial number were reported!

So how did this situation come about? In the absence of any proof, one can only speculate. At first the original practice of adding serial numbers to the notes after completion by the printer continued. However it is my guess, with inflation running rampant, that it became more expedient to engrave the series/serial number into the plate itself. Apparently, at this point, with inflation out of control, all attempts by the treasury to maintain serial number accountability went out the window. From this point to the

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