New Spink auction coming up

Spink and SonOn December 13 Spink and Son will hold a new auction of world banknotes. A total of 741 lots with banknotes from all over the world is available to bid on. To be honest: the prices are a 'little' bit higher than on eBay. But the notes at Spink are indeed very rare and beautiful.

To me it's already a pleasure to flip through the catalogue which you can download here (pdf).

Steven Tuesday 20 November 2012 at 1:04 pm | | links | No comments
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Can Scottish notes be used in England or not?

Scottisch banknotesAccording to a recent study from forexcurrency.us 35% of all Britons believe you can't use Scottish banknotes in England. This is however not the case: in everyday transactions the notes can be used and will be accepted by retailers. The confusion probably comes from the use of the term "legal tender" as is being explained by The Telegraph:

As the Bank of England website clarifies, Scottish bank notes are technically not 'legal tender' in England, just as Bank of England notes are not in Scotland. However, the term 'legal tender' holds a very narrow, technical meaning in regards to debt settlement.

So when you do want to spend Scottish pounds in England, you are free to do so. Or collect them of course, as I did back in 1993 when I started my collection with a Scottish pound.

Steven Tuesday 20 November 2012 at 12:00 pm | | links | No comments
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New additions week 46 - 2012

On the 14th of November I celebrated my 35th birthday. Yes, thank you very much. From my mother I got a whole bunch of new banknotes as a gift. Some were new, some were better versions than I already had and some were issues with lower serial numbers.

The new banknotes are:

  • Albania, 3 Lek (P41a).
  • Bosnia and Herzegovina, 10 Dinara (P10a).
  • Brazil, 500 Cruzeiros on 500 Cruzados Novos (P226b).
  • Cambodia, 1 Kak (P25a) - 2 Kak (P26a).
  • Russia, from 1991: 1 Ruble (P237a), 3 Rubles (P238a), 5 Rubles (P239a) and 10 Rubles (P240a).
  • Poland, 50 Zlotych (P142c) and 100 Zlotych (P143e). With these two notes I now have one note for every denomination in this series.
  • New Notgeld from Austria: 90 Heller from St. Johann in Tirol.
  • Venezuela, 1 Bolívar (P68).
  • Great Britain, a new military banknote: 10 new Pence (PM48)
  • And finally a couple of new varieties from Yugoslavia: 20 Dinara (P85), 10 Dinara (P87a) and 100 Dinara (P90c).
Brazil, 500 Cruzeiros on 500 Cruzados Novos - P226b

Steven Sunday 18 November 2012 at 2:17 pm | | new additions | No comments

Shady banknotes on display in Cornwall

A story from Cornwall:

Cornish bank notes issued by a notorious businessman known as the "Smugglers' Banker" are to go on display in Polperro after being sold at auction in London.(...)The lower denomination note, which went under the hammer at Spinks' sale-room in Russell Square, is signed by Zephaniah Job and dated 1818. Job, who was born in St Agnes and moved to Polperro in the 1770s, was an astute and wealthy entrepreneur. He helped his adopted community in a number of ways, including building its first school, but behind the veil of respectability lay a scheming free-trader. It was for this reason he earned the nickname of the "Smugglers' Banker". 

Full story.

One of Zephaniah Job's £5 notes.

Steven Saturday 17 November 2012 at 09:56 am | | links | No comments
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Horror from Paraguay

While checking all the sites of Central Banks yesterday, I stumbled on a truly horrific spectacle. On the website of the Central Bank of Paraguay, they show a video of banknotes being destroyed... These are old and dirty notes of course but still: the heart of a collector skips a beat. If you still want to watch this monstrosity, you can tune in from Monday to Friday between 11:00-13:00 local time. Be warned!

Steven Saturday 17 November 2012 at 09:55 am | | fun | No comments

Central Banks updated

My list of central banks in the world which I copied from the IBNS website, has been completely checked and updated with new and current websites. About 25 websites had changed their address. I'm still looking (or waiting?) for the website of the Central Bank of South Sudan.

Steven Friday 16 November 2012 at 1:45 pm | | site info | No comments
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New banknotes for Israel announced

The Bank of Israel has announced new banknotes. In the second half of 2013 the first two new banknotes will be issued: 50 NIS and 200 NIS (NIS = New Israeli Shekel). Two other notes of 20 NIS and 100 NIS will be released in the beginning of 2014. The following list shows the new design features and links to additional information on the people who's portraits are used:

 
NIS 20
NIS 50
NIS 100
NIS 200
Portrait
Dominant color:
Red
Green
Orange
Blue
Size (in mm)
129x71
136x71
143x71
150x71
 

Steven Friday 16 November 2012 at 06:21 am | | news | No comments
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Larger denominations for Azerbaijan

Azerbaijan is planning to issue new and larger denominations into the country. Right now they have banknotes of 1, 5, 10, 20, 50 and 100 manat but notes of 200 and 500 manat have now been announced by the Central Bank of Azerbaijan. You can find more info on this website.

Steven Thursday 15 November 2012 at 08:40 am | | news | No comments
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Want to save money? Get new banknotes!

Dirty MoneyThe Telegraph has a funny study on banknotes today. Researchers looked at how people spend money, particularly when they pay with either old filthy banknotes or with nice new crisp notes. You can already guess the conclusion: people tend to spend 'filthy money' faster than new banknotes.

Even though it's just money we value it more when it's nice and clean because it makes us feel proud to have it - especially if we're in a social setting where other people might see the bills, the researchers said. This could mean that asking a bank cashier for newer notes could in fact help curb spending, they said.

Of course, collectors already knew that nice uncirculated banknotes have far greater value.

Steven Thursday 15 November 2012 at 08:29 am | | fun | No comments
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New additions week 46 - 2012

I finally added some notes to my collection from one of my favourite series: the Suriname year 2000 series. What I specifically like about this series is the beautiful design with the vibrant colors, the flowers and the birds. Everything you would expect from a banknote issued by a tropical country! I hope to add the rest of this set in the future.

You can find the 5, 10, 25 and 100 Gulden notes (P146-149) right here

Steven Thursday 15 November 2012 at 08:16 am | | new additions | No comments
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Disappointing results for De la Rue

De la RueYesterday I wrote about disappointing results for the parent company of Landqart Paper but they are not the only banknote printer who has worried investors with their results. De la Rue, the worlds biggest commercial printer of banknotes, has also published disappointing figures. In response its shares dropped 7%.

De la Rue commented on the figures by pointing out that orders have been delayed and can't be added to this fiscal year. They won't tell which orders, but a persistent rumour says De la Rue has secretly been printing Greek drachma banknotes which could be issued right away in case Greece is forced to leave the euro.

De la Rue is the world's largest commercial banknote printer and responsible for 150 currencies. That means 1 in 5 of every type of banknote being used in the world right now, is printed by De la Rue. Other printers can be found here.

Steven Wednesday 14 November 2012 at 10:07 am | | news | No comments
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Paper Money Fair IBNS Netherlands

The IBNS Netherlands will hold its annual fair on the 8th of December this year. Admission is free for members and €2 for non-members. After the fair the annual meeting will take place at which time a new board will be elected.

The fair will be held from 10:00-16:00 at Hotel Lapershoek, Utrechtseweg 16 in Hilversum. The members meeting will start at 16:30 at the same location.

More info (in Dutch) here.

Steven Wednesday 14 November 2012 at 08:49 am | | news | No comments
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