5 pounds 1975

Common. Despite the PMG 67 EPQ grade being relatively high, the underlying Pick P-44b variety itself is common in the Cyprus banknote series. The eBay price history provided shows a recent PMG 64 selling for $87 and a PMG 66 selling for $255, with numerous lower-grade examples selling for $20-60 range over the past decade. The $255 catalogue value (2019) for UNC specimens and consistent market availability indicate this is a readily obtainable note for collectors. The high individual grade of this specimen (67 EPQ) commands a premium over average examples, but the underlying note type itself was produced in sufficient quantities to remain common in the hobby.

This banknote was issued during the formative years of the Central Bank of Cyprus, following the tumultuous events of the 1974 Turkish invasion and subsequent division of the island. The trilingual inscriptions in Greek, Turkish, and English reflect Cyprus's complex political and cultural identity, with the prominent display of the national coat of arms—featuring the olive branch-bearing dove—symbolizing the nation's aspirations for peace and unity during this period of reconstruction.

The obverse features a sophisticated design centered on Cyprus's national coat of arms—a dove enclosed within an olive wreath, positioned at right—symbolizing peace and sovereignty. The note is dominated by ornate blue and multicolored artwork with circular ornamental medallions on both the left and right sides, featuring intricate rosette and geometric patterns. The design incorporates elaborate guilloche patterns and microprint details throughout. The reverse showcases fine floral and botanical elements with vine designs and berries set against diamond geometric patterns on the left, with ornamental lace-like borders. The color palette transitions between blue, white, light green, and subtle pink/red accents, creating a harmonious and elegant composition characteristic of high-quality banknote engraving from this era.

OBVERSE: 'ΚΕΝΤΡΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΚΥΠΡΟΥ' (Central Bank of Cyprus in Greek); 'KIBRIS MERKEZ BANKASI' (Central Bank of Cyprus in Turkish); '£5' and 'BES LIRA' (Five Pounds in English and Turkish); '4.5.1975' (Issue date: 4 May 1975); 'ΔΙΟΙΚΗΤΗΣ - MUDUR' (Director in Greek and Turkish); 'Χρ. Κ.Περιφει.' (Reference initials); Serial number 'L/104 000009'. REVERSE: 'Central Bank of Cyprus' (English); 'Five Pounds' (English denomination).

This note was produced using traditional intaglio engraving methods, executed by the BWC (Bradbury Wilkinson and Company) security printer, as evidenced by the complex guilloche designs, fine line work, and microprint patterns visible throughout both sides. The multiple color printing employs the standard banknote technique of layered intaglio impressions, creating the depth and security features characteristic of professional currency production. The crisp registration and sharp details observable in the PMG 67 EPQ specimen confirm exceptional printing quality and execution.

This note is identified as Pick P-44b (not P-44a, P-44cts, or P-44s). The printer is confirmed as BWC (Bradbury Wilkinson and Company) without imprint. The issue date of 4 May 1975 corresponds with the cataloged 1966-1976 series date range. The specific serial number prefix 'L/104' and the serial number 000009 suggest this is from an early print run. The watermark featuring an eagle's head is consistent with this Pick number designation. No overprints or signature varieties are noted that would distinguish this as a rare printing variant.