Uganda demonetizes the 1987 series

The Bank of Uganda has announced it will demonetize the 1987 series of their banknotes on 30 March 2013. This includes the 1000, 5000, 10.000, 20.000 and 50.000 Shillings as well as the 10.000 Shillings commemorative note. Only the 2010 series will remain legal tender in Uganda. The 1987 series can be viewed in this PDF.

The 50.000 Shillings from the 2010 series which will remain legal tender:

© Ron Wise Banknote World

Steven Friday 07 December 2012 at 09:29 am | | news | No comments
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Rare Watford Bank 1 Pound note up for auction

After the Creede banknote, I found another article with an old banknote from a bank which no longer exists today. This is the 1 Pound note from the Watford Bank issued in the UK in 1823. It is part of the collection of property investor David Kirch. His collection will be auctioned in 4 parts at Spink.

Watford Bank was founded in 1823 - during the reign of King George IV, formerly the Prince Regent - and went bust in 1826, as many of the English provincial banks did at this time. It was run by three local businessmen - Joseph Pike, William Horwill and Thomas Pike. In fact, it is Joseph Pike’s handwritten signature which appears in the bottom right hand corner of the pound note coming up for sale next week.

The note is expected to sell for around £300-£400.

Source

© Watford Observer

Steven Thursday 06 December 2012 at 2:35 pm | | links | No comments
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Oscar Niemeyer 1907-2012

Today came the news that famous Brazilian architect Oscar Niemeyer died at the age of 104 years old. His work in the new capital Brasília is pictured on this 100 Cruzados banknote from 1986 (P211). On the back of the note you can see Catetinho and the Palácio da Alvorado (Palace of Dawn). More info from banknotes.com:

Catetinho (designed by architect Oscar Niemeyer) is the first building ever built in Brasilia. Catetinho is the house where [president] Juscelino Kubitschek lived while the city was built from 1956 to 1960. Brasilia is one of the only cities in the world that was completely planned, and the building of the city in just 4 short years is a first in the world. Catetinho is now open to the public, and has been turned into a mini-museum about the city's history and the life of Juscelino Kubitschek. Palácio da Alvorada (Palace of Dawn) is the official residence of the President of Brazil. The palace was designed, along with the rest of the city of Brasília, by Oscar Niemeyer and inaugurated in 1958.

Steven Thursday 06 December 2012 at 08:42 am | | news | No comments
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Rare 1892 Creede banknote goes up for auction

Its face value is $5, but an 1892 bank note issued by the National Bank of Creede could sell for $90,000 or more when it is auctioned next week [SB: 13 December 2012]. The extremely rare note is likely to generate a good deal of interest from collectors, especially those in Colorado, said Paul Song, director of coins and medals for the auctioneer, Bonhams of New York City. Song said Bonhams' value estimate of $70,000 to $90,000 is just an educated guess, because no other bank notes from the long-defunct Creede bank are known to exist.

If only more people cleaned up their attic we would have much more of these beauties available perhaps.

Source

© Bonhams

Steven Thursday 06 December 2012 at 08:19 am | | links | No comments
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Forgery with a kitchen tool

© Amazon.comDo you think you need state of the art equipment and the latest technology to counterfeit modern banknotes? Think again.

A home-made tool resembling a meat tenderiser is being used by counterfeiters to create a security feature on fake 100 yuan banknotes, police say after studying almost 4,000 of such bills seized this year. "An investigation found that an instrument with spikes was used to pound images of the counterfeit notes so that the bills would have an embossed effect," a police source said. (...) more bogus HK$1,000 bills were seized this year, police said. A total of 943 were seized in the first 10 months of the year, compared with 328 for the whole of last year and 220 in 2010. A total of 726 fake HK$100 notes was seized in the first 10 months of this year, compared with 1,806 for the whole of last year.

Source

Steven Thursday 06 December 2012 at 08:13 am | | links | No comments

A History of the World in 100 Objects

Ming Banknote (© British Museum)So I was browsing through the podcast section of iTunes yesterday when I stumbled upon the BBC program The History of the World in 100 Objects. I love shows like that. Especially when I found out one of the objects used in the series, is a Ming banknote from 14th century China. They talk about the history of banknotes and how the first ones like these were used. Really interesting, even if you already know most of the story like a lot of collectors probably do. You can listen to the episode via iTunes or on the BBC website. The banknote being discussed is this one in the British Museum.

Steven Wednesday 05 December 2012 at 08:30 am | | fun | No comments
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New banknotes announced in Norway

Norway has announced on 4 December 2012 that they started a project to design new banknotes. This will be their 8th series of banknotes. The main reason for designing the new series is to enhance the security of the notes. They expect it will take several years before the new notes will be issued in Norway. The first step is choose a theme for the new series. Once the theme has been approved, the national bank will choose the main elements of the banknotes' design. You can read more about this announcement in the press release by the Norges Bank.

The 1000 Kroner from the current issue:

© Banknoteworld.com

Steven Wednesday 05 December 2012 at 08:17 am | | news | No comments
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New MPO trade fair

MPODutch organization MPO will hold a trade fair in Wassenaar (near The Hague) on 9 December 2012. There will be stamps, coins and (most important for us) banknotes. You can also get free valuation of your banknotes. A couple of times a year they also organise auctions which can be a real bargain hunt. The catalogue of the latest auction can be found here and the winning bids can be found here. Some really good deals!

Steven Tuesday 04 December 2012 at 6:26 pm | | news | No comments
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Thailand 20 Baht to be issued?

According to this site with news on Thai and other Asian banknotes, the new 20 Baht from Thailand (series 16) should be issued tomorrow 5 December 2012. I have no news about this at the moment and the Bank of Thailand is also silent on the topic. As is stated in this press release, the size and colors of the new banknote will be like series 15 (pictured below).

If there are any new developments, I will of course report on it. It would be nice to have a new Thai banknote!

20 Baht, series 15

More info: all series of Thai banknotes on this great site of the Bank of Thailand.

Steven Tuesday 04 December 2012 at 1:02 pm | | news | No comments
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New banknotes Libya?

Could these be the new banknotes from Libya? There are several shown in this video which I found on Jay's World Banknotes.

Apparently the following images appear on the notes:

1 dinar - Front: Unknown. Back: Flag of Libya and peace doves.
5 dinars - Front: Ottoman Clock Tower. Back: Zeus Temple in Cyrene.
10 dinars - Front: Portrait of Omar Al Mukhtar. Back: Al Mukhtar horsemen.
20 dinars - Front: Al Ateeq mosque in the city of Oujlah in the oasis. Back: Traditional school in Ghdamis.
50 dinars - Front: Italian Lighthouse of Sede Khrebeech. Back: Stone arch in Tadrart Acacus.

Source

Update 6 December 2012: Banknotenews has published more pictures on their site. It's however pretty clear that these are other banknotes than the ones in the video. The Central Bank of Libya has put up a link to the above video claiming it's the Deputy Governor discussing the new banknotes (or that's what I got after translating the Arab text of the popup in Google Translate). So which one is the correct new set? More and more sites claim that it will be in fact the set below which will be issued in the beginning of 2013.

See the images of Banknotenews after the click:

Read on

Steven Tuesday 04 December 2012 at 10:07 am | | news | No comments
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Anger over replacing Elizabeth II in Fiji

Remember when I wrote about the upcoming new banknotes in Fiji last week? And their plans to replace the image of Queen Elizabeth II with local flowers and perhaps the head of somebody else? Well, apparently not everyone is wild about this idea. The local chiefs have protested the decision, stating that she is still the queen of Fiji and has been given the title of highest chief in the country.

Still another 8 days to go before we are sure what the new notes will look like...

Steven Tuesday 04 December 2012 at 08:52 am | | news | No comments
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Dollars with high denominations

While many people today believe that the U.S. $100 note is the highest denomination, in reality there are 5 notes with higher values: €500, $1000, $5000, $10.000 and $100.000. These are however no longer used. The higher values were once used when there was still a lot of mining for gold in the U.S. To avoid walking around with hundreds of banknotes, higher values were added. The $100.000 note was meant specifically for traffic between banks and was never issued to the public. There are 20.113 of these banknotes with the highest value.

These notes were printed until 1945 and from 1969 the values higher than $100 were no longer being used in daily traffic. The notes which still exist belong to collectors and museum but have still kept their value and you could still use them to pay for things in the United States in theory.

500 Dollar

More pictures after the break!

Read on

Steven Thursday 29 November 2012 at 3:58 pm | | articles | No comments
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