An exquisitely preserved piece in issue condition and beautiful presentation, appreciated by PMG with a 65 EPQ note.
Piece in PMG grading with an EPQ mark denoting exceptional paper quality.
A perfunctory ticket of unknown authorship by PMG's engravers, watermark - a grid of squares with rounded corners.
Pass tickets with a denomination of 1 penny were introduced on April 28, 1924, and were a type of paper money issued directly by the Treasury, rather than by the issuing bank, and temporarily replaced small coins, the shortage of which was felt in the market. These tickets were then gradually exchanged for coins or banknotes until June 30, 1932.
