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The Banknote Book Acquired By CDN Publishing

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New Member

United States
35 Posts
 Posted 06/20/2021  12:38 pm Show Profile   Bookmark this topic Add currencyden to your friends list Get a Link to this Message
World bank note collectors may already know this.

The Banknote Book has been acquired by CDN Publishing, producers of the Greysheet and CDN Exchange. For the occasional world paper money collector, I would describe The Banknote Book as the de-facto replacement of The Standard Catalog of World Paper Money. SCWPM has/had black & white images, sometimes with the front & back overlapped. The SCWPM was last published in 2018. The Banknote Book is marketed with separate Adobe Acrobat pdf files for each country. Rather than release a new catalog of all countries, TBB has usually 7 to 15 chapters updated monthly on a rotating basis. These include image enhancements (always color), new bank notes, pricing updates, and forward looking releases. Owen W. Linzmayer remains the editor. From an email release today, "I will continue to oversee the editorial content of The Banknote Book, focusing my efforts on completing the few remaining country chapters not yet published. New issues will still be added to existing chapters and posted on BanknoteNews.com."

> Subscriptions honored which expire as always once a year, based on when the subscriber paid for the next year. Renewal rates are the same for current users.
> The ability to buy only the countries you collect is no longer honored - all or nothing.
> Each country (chapter) was in pdf format, viewed & saved on your pc. The new format is online only.
> Weekly emails of new or updated countries from Owen are ended. CDN to send "periodic" emails of these & to conduct surveys and launch promotions.
> Updates or revisions of current chapters (countries) is temporarily suspended.
> After July 1, all new material will be available at http://www.greysheet.com.
> Current users need to log in to greysheet & obtain a password to access chapters.
> BanknoteNews.com will continue free with no changes, except for being hosted on greysheet's server.

The best response of IBNS members to show the ire of this is the one that basically said "I buy a Standard Catalog of Paper Money & own it (book or pdf format), but with this system if I lapse the annual subscription I no longer have the information I have already paid for (in pdf format).

Only time will tell the damage done.

Many advanced collectors are truly peeved, having submitted additions, corrections, and images to basically update & replace the SCWPM (Pick) catalog. Owen was (is) truly responsive in this matter - far superior to the Pick group. That Owen will add new countries in a swifter manner I don't doubt, now that he is re-leaved of updates to existing countries. For my part, my subscription runs out in December, so I will hopefully add updates of his progress in future months.

Countries NOT attributed yet include: Ecuador, Greece, Netherlands East Indies, Norway, St. Pierre, and Sweden (close to done). These are countries I have in my collection - there undoubtedly some small issues or extinct countries missing too. Keep in mind, just because a country is attributed, it is very possible not all issuers are attributed yet. Early Brazil notes issued by Imperio Do Brazil, Republica Dos Estados Unidos Do Brazil, & Banco Do Brazil (all before 1965) as a for instance.
Bedrock of the Community
United States
11114 Posts
 Posted 06/20/2021  10:22 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Will the Pick system be replaced by another since the SCWPM is no longer being published? Just about any note released in the past few years has "P-New" in the auction description so it seems something is needed. Does Banknote Book have its own system?
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Germany
658 Posts
 Posted 06/21/2021  02:29 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
> Each country (chapter) was in pdf format, viewed & saved on your pc. The new format is online only.


This is the reason why I will not renew my subscription. I fully subscribed in March 2021 and I am pretty mad about the change. If I had known about the change I definitely would not have bought a full subscription.

I can understand why it's ''online only'' (making copies impossible). But having no PDF on my computer is a deal breaker for me. (By the way, I have never shared my PDF files).



Quote:
Does Banknote Book have its own system?

Yes, it has.
When ''P'' numbers have been alloted they are added though.
Edited by redlock
06/21/2021 02:36 am
Pillar of the Community
Canada
1347 Posts
 Posted 06/21/2021  12:45 pm  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
I like what Owen Linzmayer started with the Banknote Book since there seemed to be a need. However, I want a personal hard copy I can leaf through. I was fortunate enough to pick up 2 copies of the SCWPM (Modern Issues 24Ed & General Issues 1368-1960). I paid $89 CDN so at least $10 less than the yearly subscription for each.

My opinion of the SCWPM is mixed but at least it is an excellent starting point (which is what everyone says the "Grey sheets" are -- a starting point). Some BV are extremely high/generous while other are very low/dated. I try to jot down revisions to some of the estimates as I learn about them. Overall, I find it a great resource.

I have heard a lot of buzz about the Grey sheet but since I'm not a coin dealer - I haven't been buying. I liked the hard copy I saw in dealer videos but haven't seen the trends myself personally. I suppose if I were to become a dealer the whole CDN Banknote Book would appeal to me more. As it is: just can't see a pressing need (at least for now).
Edited by walk2dwater
06/21/2021 12:48 pm
New Member
United States
35 Posts
 Posted 06/21/2021  12:55 pm  Show Profile   Bookmark this reply Add currencyden to your friends list Get a Link to this Reply
Two events have caused great damage to the world currency collecting community.
1. The apparent end of SCWPM. Use old guys call this Pick. Everyone had a common attributed catalog number for most world currency. Yes, specialists have types, different prefixs & signitures, etc - but the average collector could buy, sell, & trade with others by simply stated the Pick number.
2. The Banknote Book (TBB, now called BNB) sale to CDN. The "all or nothing" subscription methods + the now "timed access" rather than offline ownership will cause a loss of membership. Any chance of Owen's "B" numbers replacing "P" numbers is very slim now. Owen had been killing SCWPM before it's demise: nearly all new bank note releasing listed the next year & constant price updates. Neither of these were happening at the SCWPM.

The Pick-New or Pick-NL problem will just get worse over time. There IS an online site with most notes shown & Pick numbers cited, but no values. It also shows new note since the demise of Pick, with the author's guess of what a new Pick number would be, but of course this is not official and there is no universal knowledge or use of these in commerce. The issue of arbitrarily assigning new Pick numbers w/o the owner's permission also remains unclear. For everyone's use, here is the site, probably mentioned somewhere on this forum before.
http://www.banknote.ws/
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Germany
658 Posts
 Posted 06/22/2021  07:42 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
The "all or nothing" subscription methods + the now "timed access" rather than offline ownership will cause a loss of membership.


Totally agree.
Edited by redlock
06/22/2021 07:43 am
Bedrock of the Community
United States
11114 Posts
 Posted 06/23/2021  10:48 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I agree too. But a lot of people are getting used to the subscription model in general and it's really not all that new of a concept. For example:

I have (or used to have) "The Lion King" on VHS (probably a "platinum" edition or something marketing suckered me with). Then I bought it on standard def DVD. Then Blu-Ray. Why? because I wanted it in the best format I could own so I could watch it whenever I wanted, forever, with the most up-to-date interviews, featurettes and whatnot.

Now, because techology marches on, I don't have any of that media (maybe the Blu-Ray somewhere), but I do have Disney+ which means I can watch it whenever I want... until I cancel the subscription. Either way it's paying more money for the same content (but possibly upgraded) over and over. How many of you bought the same album on wax, 8-track, cassette, and CD before switching to a subscription like Pandora or Prime? How many buy the physical Red Book annually or at least occasionally?

This seems to me to be very similar. Do I like it? Hell, no. I want the physical media (or at least PDF) that I can peruse any time I please and be able to touch it until *I* decide I'm ready to recyle it or take it to the local Half Price Books.

But do I think it will cause a loss of membership... maybe from folks like us.

New Member
United States
40 Posts
 Posted 06/23/2021  11:11 pm  Show Profile   Bookmark this reply Add classic_coin to your friends list Get a Link to this Reply
Luckily for me, I only collected pre-1945 banknotes, so all I need is any old SCWPM. That said, the inability to print and take a few pages of the latest and greatest to a show or meeting is death: how else does one easily take notes, make wishlists, etc on the go?
Pillar of the Community
Canada
1347 Posts
 Posted 06/24/2021  7:47 pm  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:

I agree too. But a lot of people are getting used to the subscription model in general and it's really not all that new of a concept.


- I think "CelticKnot" makes a couple of salient points re: this format as the next big thing. I remember first hearing about the arrival of TPG(Third Party Grading) like it was yesterday. I wasn't a big fan of getting my notes certified but I have since warmed up to it (even if there's a few ugly "mongrels" dressed up like pure bread show dogs). [I have even certified over 100 of my own collection since ]. When it comes to some of the more pricey notes, a certified note is like having insurance (that someone else verified it to be X grade). It has become commonplace when only about 10-15 years ago we were still grumbling about it. I'm still a bit "old school," I'll admit, & prefer my massive SCWPM hard copy (for now) but down the road I might like the convenience of looking up a note's BV online (of not carting around these 2 huge tomes).

If enough people buy into the CDN banknote subscription format & believe that their catalogue represents more accurate pricing/BV's than it could very well take off. After all, its target audience are dealers & collectors with deep pockets.
Edited by walk2dwater
06/24/2021 7:51 pm
New Member
United States
35 Posts
 Posted 07/06/2021  12:29 pm  Show Profile   Bookmark this reply Add currencyden to your friends list Get a Link to this Reply
One of the two big issues with the new format has been averted, at least for the near future:
> The chapters (countries) are still available in pdf format. They are available to be DOWNLOADED, but only if the subscriber sends an email asking for download capability. I don't know why they didn't just do this for all current subscribers. I have emailed & received an email back announcing my subscriptions were downloadable. I have checked this out and all is well, including printing feature for this important feature. The print and download features are added as a printer logo and down arrow on the right side of the tools line.

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Germany
658 Posts
 Posted 07/07/2021  02:15 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply
@currencyden:

Thanks for the update.
I will check this out later today.
Bedrock of the Community
United States
11114 Posts
 Posted 07/08/2021  10:14 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
> The chapters (countries) are still available in pdf format. They are available to be DOWNLOADED, but only if the subscriber sends an email asking for download capability.

Ah, well that certainly helps. I guess you could pay for a subscription for one month/year/whatever, DL the countries, then cancel until you feel you need a chapter/country or two updated. A little tedious if you want a complete set, but better than nothing.
Edited by CelticKnot
07/08/2021 10:15 pm
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Germany
658 Posts
 Posted 07/09/2021  02:14 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
> The chapters (countries) are still available in pdf format. They are available to be DOWNLOADED, but only if the subscriber sends an email asking for download capability.


I wrote an email. Didn't get a response so far.
However, I was able to DL chapters a few hours later. So, a response after all -- or they changed their business model without much telling. Anyway, happy to be able to DL again.
Having said that I did notice that some chapters have not yet been updated even though they are on the ''list of the revisions made to previously published chapters.''
Obviously, need to keep an eye on the situation.
New Member
Australia
36 Posts
 Posted 07/11/2021  09:00 am  Show Profile   Bookmark this reply Add cats25 to your friends list Get a Link to this Reply
Hello All who posted on this thread
I am very interested to know if all/any of you were new customers that were not subscribing to Content shelf and still had the ability to Download? Or were you existing subscribers that simply had their subscriptions transferred? I was on Owen's review board had been accredited with no fewer than 8 chapters when ill health forced me to stop my subscription. I was thinking of renewing but haven't found one soul yet that is Brand new and still afforded the same rights as existing subscribers.
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Germany
658 Posts
 Posted 07/12/2021  02:10 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
Or were you existing subscribers that simply had their subscriptions transferred?


I was an existing subscriber (Content Shelf) whose subscription was transferred to Greysheet.
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Germany
658 Posts
 Posted 07/18/2021  01:45 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply

Quote:
> The chapters (countries) are still available in pdf format. They are available to be DOWNLOADED


Apparently, it is planned that all the revisions made since the sell to GS will be added to GS on September 1st.
Until then, no updates on the existing chapters.
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