10 latu 1934

Common. The eBay market data provided shows F-grade notes selling for approximately $14.50 and VF examples for around $19.50, well below the 2016 catalogue values of $50 (VG), $150 (VF), and $250 (UNC). This pricing pattern indicates strong availability in the secondary market. As a regular issue from Latvia's independent period (issued in both 1933 and 1934 according to external references), this note had a substantial circulation. While Latvian currency from this period is collected, the P-25f variant does not show indicators of scarcity such as small print runs or short-lived issuing authority.

This note was issued during Latvia's period as an independent nation (1918–1940), following independence from the Russian Empire after World War I. The allegorical imagery on the reverse—featuring a personified Latvia in classical dress with wheat stalks and the national coat of arms—reflects the nation's emphasis on sovereignty and agricultural identity during this interwar period. The formal inscriptions in Latvian throughout the note underscore the government's assertion of national identity through currency design.

The front features a two-tone layout with a peachy-orange left section and pale green right section, anchored by ornamental baroque-style corner medallions in all four corners. The denomination '10' is prominently positioned in an elaborate oval frame in the center-right. The reverse depicts an allegorical female figure representing Latvia or Liberty, seated in classical dress and gesturing gracefully, accompanied by a cherub or putto. To the right is an ornate shield containing the Latvian coat of arms (featuring a lion rampant and heraldic quarters), framed within a decorative oval. Wheat or grain stalks appear in the background, symbolizing Latvia's agricultural heritage. The entire design is framed by fine ornamental borders, typical of quality interwar banknote engraving.

FRONT SIDE: 'Latvijas Valsts Kases Zīme' (Latvia's State Treasury Note); 'Desmit Latu' (Ten Latu); Serial number: 'AE 051857'; Date: '1934. g.' (1934); Signature titles: 'Finanču ģenerālis' (Finance General) and 'Valsts saimn. dep. direktors' (State Economy Department Director). BACK SIDE: Denomination: '10 Latu'; Legal text regarding the representation and fulfillment of obligations in accordance with stated conditions. Additional inscribed text appears in ornamental borders, though partially obscured in visual analysis.

Intaglio engraving (line engraving), executed by Valsts Papiru Spiestuve (State Printing Works) in Riga. The notes exhibit characteristic intaglio qualities including fine line hatching, intricate detail work in portraiture and heraldic elements, deep color layering in the two-tone design (peachy-orange and pale green sections), and crisp definition in ornamental borders and security features. The complexity of the allegorical scene and coat of arms design is consistent with high-quality copperplate engraving standards of the 1930s.

This note is identified as Pick P-25f, characterized by a man's head watermark. The PMG population report identifies five catalogued variants for the base 10 Latu pick number: P-25a, P-25c, P-25d, P-25e, and P-25f, with P-25e distinguished by specific signature variants (#13 & #11). The observed specimen shows series 'AE' with serial number 051857, which falls within the expected range for this issue. The 1934 date on the note aligns with the dual issue dates (1933 & 1934) noted in external references.