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 Replies: 14 / Views: 2,442 |
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Pillar of the Community
United States
560 Posts |
I'm just curious in other's opinions in collecting high denomination world banknotes. If I collect a country's banknotes, I like to complete a set of a series which is sometimes problematic with high denomination notes.
For instance, I have 5, 10, 20, 50, and 100 Euro banknotes and would like to acquire a 200 and a 500 Euro bill. I'd also love to have a US $500 and $1000 bill but they are pricy in higher grades.
Do you think that larger denomination banknotes, generally being more rare, appreciate at a higher percentage rate than lower denomination notes?
Do you mind tying up money in higher denomination bills?
Does it depend on the country or other factors?
What are your general thoughts on large denomination banknotes; do you like them?
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Pillar of the Community
Canada
2574 Posts |
Quote:
A) Do you think that larger denomination banknotes, generally being more rare, appreciate at a higher percentage rate than lower denomination notes?
B) Do you mind tying up money in higher denomination bills?
C) Does it depend on the country or other factors?
D) What are your general thoughts on large denomination banknotes; do you like them? For Canadian paper money (& world notes) I am shy to park my money in higher denominations. First off, there is very low collector demand/interest in general (other than the odd foreign notes such as the 500 Euro). Many people have stashed large denominations in the SDB -so while the runs printed maybe limited- typically they're not that "rare" in higher grade. I believe that interest in the 500 Euro (forget if its Ireland produced?) will go down when they're released from people's SDB. The exceptions for CDN$ are the 1935/37 & 54 Devil's face $1000 notes. If you can get your hands on a 1935 $500 then go for it (that will surely go up in value as they were primarily used by institutions so few went into private collectors hands). I also understand there are a few US rarities (in high denomination) but their BV price is way beyond my payscale. So a) no, generally most high denominations don't appreciate in BV compared to lower denominations b) yes, I do mind - & would rather put my money into lower denominations (which do appreciate/have higher collector demand/typically easier to sell) c) yes- there will be a few exceptions (like the odd CDN/US examples eluded to) so if you're really serious about high denoms- do your homework. Other factors (for BV) are a note's popularity (not necessarily numbers printed) AND choose original high grades if you can d) I liked them (a little) at one time, when I first started collecting 35 years ago, but have grown to dislike them (they're a "hard-sell"). So now, I focus mainly on anything less than $50 |
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Moderator
 Australia
16810 Posts |
Brunei and Singapore both issue the world's highest-value banknote at the moment; S/B$10000. That's US$7510 at current exchange rates. SIngapore has issued four different $10000 notes since independence in 1967, and Brunei has issued two since 1989. So a full type set of Brunei notes would have to include six notes, or US$45066 in face value. A very expensive series for the completionist.
Personally, I'm not a completionist, or a major banknote collector, but I did keep a final-series German 100 deutschmark note, which is still exchangeable for euro-equivalent face value, which is about 50 euros.
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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Pillar of the Community
Germany
992 Posts |
Singapore has stopped printing and issuing the $10000 banknote in 2014 and is withdrawing this denomination. It remains leagl tender though -- at least for now.
Edited by redlock
06/07/2018 04:38 am
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Pillar of the Community
United States
992 Posts |
I won't comment on the $10,000 bills from SE Asia, as I don't, and won't, own any of them. The $500 or $1000 bills from US, Canada, EU, seem to be a decent 'investment', you should still get your money back when you sell them off. You're not going to make a bunch of money on the upper denominations, the sales market is much smaller, and the markup is less. You can make a better return on the mid-range notes, the $10-$100, if that's your concern.
If you want the upper notes, go right ahead and get them, but don't delude yourself into riches down the road.
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Pillar of the Community
United States
581 Posts |
Small size US $500 and $1000 notes- buy them all day long if you can get good price. Any condition. You will make money on them (or sell them to me).
The $10000 Asian bills are going to be demonetized.
IMHO- If you want a modern note, to collect not speculate, purchase a brand new Swiss 1000 Swiss Francs note. Sweeter than Yahoo; that note is.
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Pillar of the Community
Canada
2574 Posts |
I bought the 24th "Standard Catalogue of World Paper Money" (2018) and only 3 Euro notes command a premium slightly over their FV: Finlands (Prefix L); Austria (N) & Spain (V)for the 500 E note with Duisenberg (the 1st/least common) signature ($900 -$875). If you're really keen on buying higher denominations I would look to other countries besides EU, US & Canada. I just saw a F-VF (P#40b) Bahamas $50 sell for over $1500 US which happens to be $200 above BV. If there's that many collectors scrambling to get that note -then that's a good investment (in my book).
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Pillar of the Community
United States
4691 Posts |
How about these? They were legal tender at one time.  |
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Pillar of the Community
Canada
2574 Posts |
They're most definitely high denomination world bank notes!
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Pillar of the Community
United States
744 Posts |
35 Quadrillion Zimbabwe Dollars = One US Dollar, in 2015 when their money was demonetized.
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Pillar of the Community
United States
4691 Posts |
Here is an interesting high denomination US Gold Certificate. These have an interesting story, since all surviving notes were thrown from the window of a post office that was on fire in Washington DC in 1935. All are cancelled, most punch cancelled but a few stamp cancelled. With a little effort these can be purchased for as little as $2,000. Certainly a note with a lot of history.  |
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Pillar of the Community
United States
5029 Posts |
Great note jimbucks.  |
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Pillar of the Community
Canada
2574 Posts |
Quote:
Here is an interesting high denomination US Gold Certificate. Were these gold certificates issued to the public or simply used for bank-to-bank (or bank to institution) transactions? |
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Bedrock of the Community
United Kingdom
17909 Posts |
When I lived in France as a teenager in the 1970s, the highest denomination note in circulation was the 500 Francs with the portrait of Blaise Pascal. I could never have afforded at the time to save one for face value (around £50). The note has now been demonetised and I paid only £3 for this one!   |
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Valued Member
Australia
145 Posts |
Australian pre-decimal banknotes 1913 to 1923. Collins/Allen. Cerutty/Collins Ten shillings Half sovereign. These notes are rare and top quality items are bringing ever-increasing prices and are disappearing,mostly into investment and self-managed superannuation funds for longer periods,causing a severe shortage of the best material,and consequently higher prices.
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Replies: 14 / Views: 2,442 |
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Posted 06/06/2018 9:27 pm
