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 Replies: 19 / Views: 8,489 |
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Pillar of the Community
United States
3294 Posts |
I have a Zimbabwe $1 coin but it is from 1997. according to wikipedia, the highest coin was $25. I suspect they don't make coins because they would just get melted.
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Bedrock of the Community
United States
12437 Posts |
Quote:
I remember them taking pallets of U.S. currency into Iraq. Were those regular bills or were they marked like the Hawaiian bills. No, it was not marked in any specific way to distinguish it from other US currency although I am sure there was a list of serial numbers. It was basically a stop-gap between the recall of Saddam-era currency and the new issues of the new Iraqi govt. Also, Hawaii and North Africa notes should not be considered invasion currency since we were not invading anything- it was for use by the citizens of Hawaii and troops stationed in Hawaii and N. Africa. They were emergency wartime issues that could be easily demonetized if the Japanese or Germans invaded those areas- the dollars would become useless to them. One of the best example of invasion currency would be the Japanese notes used in the Philippines. |
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Valued Member
 United States
79 Posts |
I see, and thank you for your response. I have a book on foreign coins printed at U.S, Mints. Does anyone know of any books on foreign currency printed at U.S. Mints. I have to think the new Iraqi Dinar's were not printed in Iraq.
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Pillar of the Community
United States
2541 Posts |
Zimbabwe got hit with hyperinflation after Mugabe implemented some of his more questionable policies. Those notes are probably worth a few bucks at best. The country lopped 4 or 5 zeroes off their currency, then inflation ran right back up. A lot of Zimbabwean merchants won't accept their own nation's currency since it is so unstable. They want South African Rand or Euros.
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Bedrock of the Community
United States
12437 Posts |
It is quite possible that some but not the bulk of notes were printed in Iraq based upon this Treasury link- There were concerns about losing control over large warehouses of Saddam dinar notes and currency printing facilities.
And with the fall of the regime, there was the risk that the currency would cease to serve as an accepted means of exchange.
For these reasons, early action was taken to secure currency stocks and currency-printing facilities and stop the printing of the Saddam dinar. The military made public announcements that existing currencies in Iraq would continue to be accepted as means of payment. These measures helped stabilize the Saddam dinar and avert a monetary crisis. In fact, the Saddam dinar has actually strengthened in recent weeks- from a low of about 5,000 dinars per U.S. dollar during the conflict to approximately 1,200 per dollar today.
Apparently, Iraq did have its own printing facilities and currency stock pre-war that could have been used post-war for the new Dinars. And then I gleaned some more info about the production of the new Dinars from Global Security(a fascinating and informative website on intelligence, military, and security matters for those who are not familiar with it)- Bremer announced that the Coalition would print and distribute new banknotes for Iraq. In response to this press announcement in Baghdad, De La Rue confirmed that it was in discussions to assist in the production of banknotes for Iraq. The Company led a consortium of global currency specialists to manufacture the banknotes. De La Rue is the world 's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as travellers cheques and vouchers. Thomas de la Rue began printing British postage stamps in 1855, and obtained the contract for all Indian postal requirements.
Banknote Corporation of America, Inc. (BCA) is the largest high security printer in the United States, with headquarters in New York City and a manufacturing plant in North Carolina. Banknote Corporation specializes in intaglio printing, producing stamps for the United States Postal Service as well as for foreign postal administrations.
American Banknote Corporation (formerly United States Banknote Corporation) is primarily concerned with the engraving and printing of corporate and government securities and other secure documents, including the production of holograms. The American Bank Note Company, the first security printing company in the United States, can trace it origin over 200 years ago to the father of security printing, Paul Revere. The American Bank Note Company traces its beginning back to 1795, with the formal creation of the American Bank Note Company in 1858. On August 8, 2003, a jury found that Morris Weissman, former chairman and CEO of American Banknote, had inflated his company's earnings in 1996 and 1997. Based on the false numbers, the 1998 public offering of the company's subsidiary, American Banknote Holographics, was a success, netting the company $115 million. When the accounting fraud was uncovered in early 1999, the spinoff's shares dropped from about $16 a share to $1.80 a share. The stock was delisted in August 1999. American Bank Note Holographics ("ABNH") is in many ways a new company today, with new management that started in 1999.
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Pillar of the Community
United States
1840 Posts |
Every time I see those trillion dollar notes it makes me think of Dr Evil from the Austin Powers movies.
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Valued Member
United States
106 Posts |
A favorite note of mine was a German million Mark note, restamped to be worth a billion Marks. The largest note they issued was 100 billion.
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Valued Member
United States
79 Posts |
biokemist6, that was some response, and I appreciate it. I think that deserves an A+ in responses. Thank You!
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Pillar of the Community
Philippines
1156 Posts |
It would be a nice looking coin though... with 12 zeroes and 3 commas....nice artwork...but yes, the metal itself would be worth more than all those zeroes
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Valued Member
United States
293 Posts |
I have an extra 2008 Zimbabwe $1 Billion Dollar bill if you'd be interested in a trade! I've been wanting to pick up one of the $100 Trillion Dollar bills but haven't gone through ebay yet. Thanks! |
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Pillar of the Community
Australia
9417 Posts |
I suppose a Zimbabweian would not even bother to stop and pick this up off the ground, if it were laying there. It would not buy you anything.  Steve  |
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Valued Member
United States
303 Posts |
They probably would... the metal is worth more than the value itself.
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Pillar of the Community
United States
2734 Posts |
That coin was worth about 7 Billion Dollars(in Zimbabwe Dollars) in melt value in April 2009!  That's 7 Billion times face value!   Considering that all of us (in the U.S.) would certainly pick up a 1964 Dime off of the ground, and that's only 12.5× face in melt value, (an infinitesimally small percentage of ×face, next to the Zimbabwe $1 coin), and certainly you Aussies would pick up any prewar 92.5% Silver pre-decimal coins that you saw laying on the ground, I think it's safe to say that Mr. (or Ms.) Zimbabwean would pick that coin up at record speed!  This does make you wonder how many Zimbabwe coins were melted there in 2008-2009! Edited by DNA
10/18/2009 8:54 pm
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Pillar of the Community
Australia
9417 Posts |
Whahoo! I'm a billionaire. LOL Steve |
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Valued Member
United States
293 Posts |
I ended up going through ebay...I picked up a $10, 20, 50 & 100 trillion note lot for about $5 shipped! They arrived today and are a nice little addition to my collection, plus I'm a trillionaire! |
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Posted 09/15/2009 12:25 pm
