For example Czechoslovakia P-17 is very very rare in high grade, it is not
even priced for Uncirculated. *It is the 100 Korun from 1920 with Slavia
from an Alfons Mucha work, it is a very very popular note with Czech
collectors, because of the design of the note, it was printed by ABNco, and
was replaced in 1931, so that pristine examples are very hard to come by,
but it is priced low in XF in the catalogue. *

17 100 kor 1920 .serie"H"VG 110.00, serie"Z" VF
450.00
17 100 kor 1920 serie"Ah" . . . . . repaired "VF"
320.00
17 100 kor 1920 serie"Aa-Az". . . .VG 80.00, VF
360.00

http://www.atsnotes.com/world/w-af.html

Just at one dealer. I didn't check the catalogue price. I do agree
that rare notes sell for much higher than the catalogue usually
indicates. This is because the catalogue price is based on historical
sales data rather than current market value.

Go figure. *Slavia is even
mis-described as a Pagan Priestess, which is farcical given that Slavia is a
known and published Mucha work. *In a couple of years of looking, I have not
been able to find a nicer than repaired VF for this note.

Other notes from Czechoslovakia, for example P-20, the 10 Korun of 1927 are
priced much lower than actual market value. *Generally when these are
available, and NOT specimen cancels, the best examples come out of the Czech
Republic.

20 10 kor 1927 /girls by Mucha . .VF 15.00, XF-
35.00


The Czechoslovakian notes are some of the best printed, and loveliest
designed notes that ever circulated in Central Europe, many in fact were
designed by Alfons Mucha, one of my favourite graphic artists.