100 Trillion Banknote

I remember that kind of price too. However, recently I happened to noticed them being offered - and sold - locally for prices up to $35. So I did a quick search.

There are two listings at 22 euros each at Delcampe at the moment. That's the cheapest BIN price I found.

Many ebay items are already bid up to a higher price or almost that with some time left. A search of completed listings at ebay reveals many prices in the $28-33 range, sometimes higher than that (BIN almost always higher).

Thanks for your help.

Truly an inflation note

Good advice.

Same here, I recall these for $7 each as singles and bundles for $400. Alas, too soon old, too late smart, or something like that.

When I began collecting stamps in 1960 I would get flyers from the approval dealers, offering the new currencies of the world at current prices, and obsolete notes. I well recall being offered India KGVI 5 Rupee notes for $0.75, UNC in a specially printed window envelope. The QE portrait notes of 1963 were being flogged around for $5 and up, and the obsolete notes of the newly independent African colonies were coming into the market, as well as the first notes of the new nations, all at perhaps double face value. I bought a few of them because they were pretty, but hindsight says I should have sold my little sister into white slavery and bought all I could. Would have probably made enough profit to make it up to her, later.

I did find a box of such notes at an estate sale a few years back and snapped it up, all it Littleton Coin Company window envelopes, but it was mainly cheap packet material back then and in the main still inexpensive stuff, but the India KGVI notes were quite a good find, and a Dutch Indies note, and the little Hong Kong One Cent notes.

In another thread someone with first- (or possibly second-) hand experience mentioned that because the rate of inflation was so great, many notes were never spent because they simply were worthless days or hours after printing. Which is why there are so many of them to be found in UNC condition, and with a few exceptions, will never be scarce (as Lucky Cuss mentioned).

paxbrit: Their Central Bank will simply demonetize the old bills and force citizens to trade them in for their new currency. Once you hyperinflate it's very hard to control that damage. For example, in 1992 Mexico introduced a new currency, the Nuevo Peso, which was equal to 1000 "old" pesos. For a country that thrived on silver coinage for centuries it's very sad to see the route it went because realistically it's the same currency just with invisible zeroes on it. The only thing that gave it some confidence was the sterling silver core in the 10 and 20 peso coins, which disappeared after 1995. It's an illusion.