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Pick Value Of Notes?

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NumisMattyUk's Avatar
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 Posted 05/10/2007  9:53 pm Show Profile   Bookmark this topic Add NumisMattyUk to your friends list Get a Link to this Message Number of Subscribers
Another good question from your no.1 novice numismatist!

I know that Albert Pick was a pioneer of banknote collecting but I don't know what this means in terms of the quality of them item; clearly it defines something important, but what?

-Matt
Edited by NumisMattyUk
05/10/2007 9:54 pm
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Sap's Avatar
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 Posted 05/11/2007  04:16 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Albert Pick was also the original cataloguer of world banknotes. He collated most of the material the current "Standard Catalog of World Paper Money" is based on, and even though his name may not appear on the cover of all the volumes anymore, they're still called the "Pick Catalogues" and the numbers allocated to each banknote type are still called "Pick numbers".
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 05/11/2007  04:41 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Yeah so?

What does Pick-120 mean? and the letters that seem to be attached to the pick values?
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 Posted 05/11/2007  05:52 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
It's like the "KM numbers" which are used to refer to world coins. Each country has it's own set of "Pick numbers". Notes are allocated numbers chronologically, in the order they were first issued; the first banknote type ever issued by a country is Pick #1, and so forth. Letters and other codes that go with the number denote varieties.

Let's take an example from Great Britain. According to my 2002 edition of Modern notes, P #377 is the final series 1 pound note, issued 1978 to 1984. There are two varieties listed: P #377a is signature J.B. Page (1978-82); 377b is signed D.H.F Somerset (1982-84).

The "Volume One" of the Pick catalogue comprises the "special issues", mainly non-government private notes and revolution/civil war/emergency issues. Numbers referring to this catalogue are "Special Pick" numbers and normally designated "SP".

One complaint about the Pick numbers, which banknote dealers grumble about a lot, is that they tend to be thrown out and replaced with new numbers fairly routinely; at least, more frequently than the Krause catalogue does a renumbering. Usually this happens as a result of very early banknote types being added to the list. For example, my older, 1986 edition of the Pick catalogue lists the same note mentioned above (Great Britain 1 pound 1978-1984) as Pick #137!
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 05/11/2007  06:12 am  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
You'll need more than just the Pick number, you'll also need the country. For example, Bahrain first started issuing notes with their 1964 issue. the lowest denomination issued was the 100-Fil note, and their highest was the 10-Dinar note. From lowest to highest, this is how Pick assigned their numbers:

P-1 100 Fils
P-2 Quarter Dinar
P-3 Half Dinar
P-4 1 Dinar
P-5 5 Dinar
P-6 10 Dinar

And that's the complete series of 1964. The next series was their 1973 issue. The Pick numbers continue on from P-7 upwards, and are assigned from lowest to highest denomination.

So each number is a different denomination of a different design series. Sometimes, countries use the same design over and over, with only minor modifications...much like the United States. Here's Italy's P112c & P112d:

Pick-Value-Of-Notes?
Pick-Value-Of-Notes?

The 'minor modification' is just a different signature, hence just adding an extra letter instead of a whole new Pick number. Here are more Italian notes, (P-113b & P-116b), only this time with changes major enough to warrant a whole new Pick number.

Pick-Value-Of-Notes?
Pick-Value-Of-Notes?

Hope that helps with understanding!

(All images from Ron Wise's World Paper Money)
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san_miguel98's Avatar
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 Posted 05/11/2007  06:15 am  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
wups, Sap's got ya covered. I replied too slow!
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 Posted 05/11/2007  06:21 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
No, no, your examples are great!
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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NumisMattyUk's Avatar
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 Posted 05/11/2007  09:39 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Fascinating! and thanks to both of you for helping me to 'gen' up...

By the way... followed the link...fascinating stuff on Nagorno Karabakh! - I already invested in a 10 dram note (quite large) - wonder if these notes are a good idea because of the exotic nature of the region? the fact that it is little-known in the world and may not even be around for long..hmmm
Edited by NumisMattyUk
05/11/2007 09:45 am
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san_miguel98's Avatar
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 Posted 05/12/2007  01:17 am  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
Those Nagorno Karabakh notes are pretty interesting, I have a set myself. But I'm not sure what you mean by "good idea". Nagorno Karabakh is a real self-governing region in Azerbaijan, but they use Armenian Dram as their official currency. The 2 & 5 dram Nagorno Karabakh banknotes aren't as genuine as they seem. I doubt very many people living in Nagorno Karabakh have even seen them in person, since they were printed as novelty souvenir notes for the Educational Coin Company- an American wholesale company.

More info:http://www.eurasianet.org/..

If you're interested in note issues similar to Karabakh, I recommend Transdniestria. They're also a self-governing non-recognized country. But the difference is they have an official central bank that issues a functioning circulating currency.

Pick-Value-Of-Notes?
Pick-Value-Of-Notes?
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NumisMattyUk's Avatar
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 Posted 05/12/2007  03:33 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Thanks - though I bet I can't find any of those on ebay!!

it is becoming more and more a case of seeing ebay as limited!!

Actually, reading that article it says the two dram and ten dram notes..
Edited by NumisMattyUk
05/12/2007 03:43 am
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san_miguel98's Avatar
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 Posted 05/12/2007  04:52 am  Show Profile   Bookmark this reply Add san_miguel98 to your friends list Get a Link to this Reply
oops, 2 & 10 is what I meant.

http://public.fotki.com/sanmiguel/p...no_karabakh/

yeah, it's hard to find everything you're looking for on just ebay alone. here's a few recommended online shops:

http://www.coinpeople.com/index.php...wtopic=14857
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NumisMattyUk's Avatar
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 Posted 05/12/2007  08:51 am  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Oh coin people is so annoying, I've never been able to get my pass working there...
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