PMG Journals

The two hyperinflation signature sets.

The Box with the Traveller's Checks is now sealed up and the postage is on it and it is now ready to go to PMG! This got me in the mood / excited to do a bit of tweaking: I added a note and link in the description for "Gradually, Then Suddenly" to my coin set on the NGC side. That set still only has a dime in it but I'm actively working on changing that now with a planned submission. I have coins! I just have to pick the coins to go in to NGC. I also went back and changed "ZIMUNL"

Revenant

Revenant in Hyperinflation Notes and Sets

Further evidence of the downside risk in collecting condition rarities

Mike and I have made quite a joke in the past of the people buying 70 EPQ Zimbabwe notes on eBay for hundreds of dollars but I got another example recently. Last year my wife gifted me a 68 EPQ 20 Trillion note that was a great step up from the 65 EPQ I'd had before. I think she paid about $110 for it after shipping and taxes. I was looking on eBay recently and the same note in the same grade is now available for about $50-55, in part because the same seller got more of them in that grade.

Revenant

Revenant in Zimbabwe Notes

They got an education / And they all been in school

I was taking a stroll through the internet, a week or so ago, searching for information on the paper used by the National Bank of Ukraine - Banknote Printing and Minting Works for banknote production, and stumbled upon a really wonderful document titled Banknote Paper Deterioration Factors: Circulation Simulator Method, authored by Tetiana Kyrychok, Anatolii Shevchuk, Victor Nesterenk, and Petro Kyrychok. Normally I like to skim over items such as this, gleaning what I think is pertinent to my f

But I Would Walk 500 (Hryven)

Turn over at the executive/legislative level always seems to be high, whether due to term limits, scandal or forced retirement and the NBU is no exception. On July 16, 2020 the Verkhovna Rada of Ukraine confirmed Kyrylo Shevchenko's appointment as Governor of the National Bank of Ukraine, replacing Yakiv Smoliy.  The process is much the same as it is here in the States, the President taps someone on the shoulder, they are grilled before a committee and then a vote to confirm. The previous Govern

She Gets More (e)Mail Than The Pope

In late 2019 the NBU announced that it was reviving it's annual "Banknotes and Coins of Ukraine" catalog. They followed that announcement with the free release of the catalog for the years 2015 - 2019 in .pdf format, 2014 being the last year the catalog was released prior to 2019. Now here we are, 2020, and the NBU has remained true to their word, releasing the 2020 catalog just a few days ago.  They had some big releases in their commemorative coin line up but the banknote issues/releases were

Fenntucky Mike

Fenntucky Mike in NBU

You Can't Hurry (Notes) / No, You'll Just Have To Wait

Moving past the you/you'll lyric debate, , and now having grabbed all the low hanging fruit of Ukrainian banknotes, I'm realizing that further progress will be slow in the acquisition department. In my Ukrainian 1917-Date set I have 37 slots left to fill, out of 112, two of those empty slots (Picks 50 & 125) are $1,000 + notes in any grade so I don't really consider them required for completion. Another two slots (Picks 87A & 87B) were never printed/issued, other than proofs and specimen

Take A Look At My New Toy!

In part to help enhance a Journal entry I'm currently working on, also to "level up" my current banknote skills and what the heck because it's fun and cool I've added a new contraption to my banknote collecting arsenal, an IR Camera. I've been reading up on Infrared, lights, wavelengths, and cameras for a few weeks now along with researching the IR ink features on banknotes. I was considering constructing my own Infrared station for banknotes but since I had a bunch of Rewards Points through Ama

The One Thing The Whole World Loves Is A WINNER!

The International Journal of Central Banking, often referred to as Central Banking, a well respected global publication for policymakers and researchers in the field of monetary policy has announced the winners for the 2021 Central Banking Awards. An annual event recognizing "excellence in a community facing difficult monetary policy and financial stability challenges that will need to be tackled and effectively communicated, while prudently embracing technological change in reserves, financial

Fenntucky Mike

Fenntucky Mike in NBU

1 Million Bolivares...

My first love of hyperinflation is a bit quiet and dull lately but Venezuela is not disappointing. They've announced new 200,000, 500,000, and 1 Million Bolivar notes to be released soon. https://www.msn.com/en-us/money/markets/hyperinflation-pushes-venezuela-to-print-1000000-bolivar-bills/ar-BB1ei8Dj The 1 Million Bolivar note will be the highest denomination Venezuela has ever issued - they always re-denominated the currency before they got to that number before - but it's only going

The new checks are in...

The seller was on the ball about getting these mailed out and they look pretty good for things that were supposed to be used once and thrown away nearly 20 years ago: I'm on the fence at the moment about whether I want to 1) Submit the P-15s or not since I have one of these graded already and 2) Do I want to submit both of each or pick one and go with it / hope for the best.  There's a part of me that says "Gradually, Then Suddenly," only needs one each of these and that I could use so

Ordering some Cheques for future grading

So I've had my mental health break - I don't think I bought a single piece of Zimbabwean currency or pseudo currency in the three month period of December, January and February. I don't think I've gone anywhere near that long (or even 1 month) since Jan 2019. But I'm feeling a bit recharged and refreshed now having spent some time messing with other things. I think getting the plaque in the mail has helped stoke the fire and get me motivated to move forward with buying some things, using th

Surprise in the mail today!

So I'm outside in the driveway cleaning out trash from my wife's car (it got a bit trashed when we resorted to camping out in it for warmth the week of President's day) and the mail carrier drives up and drops off this yellow padded envelope - which is a complete head scratcher to me because I wasn't really expecting anything. I open it up and it's the PMG "Best Presented" Plaque - just the PMG one; I'm guessing the NGC Journal one is coming soon and on its own. I'm really shocked at h

ADDING - ONES IN FEBRUARY 2021 - SHE BACK THE HARRIET TUBMAN $20 DOLLARS BILL

With the President in the White House, its look like we will see the new redesign Twenty Dollars bill with in this year or next year, with "Harriet Tubman" on the bill in 2022 or 2024 series, only after the new Treasurer of the United State and a new Secretary  of the Treasury are name and approved by House and Senate. We will see the new "Harriet Tubman" bill that will be printed; I hope they can be printed at both the Washington D.C. and at the Fort Worth TX location. This will be the first ti

STEVE R

STEVE R in STEVE R

Under the (UV)light / You see a sight that almost stops your heart. Part 3

Uh oh... The new UV lights arrived earlier this week, I ordered both through Amazon, one a fluorescent UV light from Banknote World the other a LED UV flashlight. Both seem to be of good quality and I would have no problem recommending either one of them, depending on what you are using them for. Buuuut, we're talking banknotes here and one is better than the other, which will bring the question of "whether or not the label for anP82b in PMG holder is accurate" to a close. For reference, I

I guess there's something about GREEN.

So those boxes my wife got me come in 4 colors - black, blue, red and green. She got me black and blue. I ordered myself a red which is coming soon. However - it would seem that getting green just isn't so easy! Almost every seller I found is sold out of Green. The only seller I found with them was 1] changing more than anyone else was for the boxes (about $30 where most were charging $20-25 after shipping) and 2] charging a premium for Green (Red was about $29, blue was about $30 and

Revenant

Revenant in Note Storage

Citizens United

What do Ontario, CA and Glasgow, KY and Warren, PA have in common?  Those are three towns of many that had National Banks with "Citizens" in their titles.  David Wooster, a general in the American Revolutionary War has at least one municipality named in his honor.  What state is it in?  By the way, it had a Citizens NB and the note I have posted there happens to have a nice radar serial number.  Keene, right?  Yep, it had a Citizens NB and was one of the first banks to have BEP produced plates w

ddr70

ddr70 in Nationals

Getting Better Organized Now Maybe

My collection of graded notes exploded in the last couple of years as I've worked on building the Zimbabwe collection. My storage and organization has lagged far behind with the notes just in large plastic sleeve that hold up to 8-10 notes and having those stacked up. It actually made things a bit of a nightmare for me when trying to look through and enjoy the notes because they were just hard to manage like this. My wife and I exchanged Valentine's presents early this weekend and she

Revenant

Revenant in Note Storage

Under the (UV)light / You see a sight that almost stops your heart. Part 2

The Pick# 82b (with latent imprint) has been stuck in my head for the last few weeks. I don't know, just a feeling that I haven't investigated the note completely enough and some reservations with the capabilities of my equipment. Since I had no other 3 Karbovansti notes to compare it to I went and acquired several for a control group, they are fairly cheap for raw notes. Upon their arrival and inspection they looked as they should, in regards to the latent imprint, under normal lighti

The (note) is HIGH but I'm holding on

I've previously mentioned I wasn't planning on upgrading any notes, except for replacing a few AU notes and that I would consider an upgrade for a +2 note. I've been sticking to my guns but it's been much less of a choice to do so as the popularity of Ukrainian notes as increased. PMG graded Ukrainian banknotes have been increasing in popularity, number and price over the past year, with the largest price increases being seen for the higher grade notes. I'll have to go back through my records bu

Maybe time is (an empty slot), endlessly mocking.

That empty slot for the P-125, 50 Hryven commemorative is sticking out like a sore thumb now that I have all the slots surrounding it filled.  I've had so many opportunities to purchase this note raw but other things keep popping up, the latest was an Isle of Man half sovereign last week. I have had the funds several times, I know were one is. Why can't I pull the trigger on this note!?  Well, I'm in the same position I was almost a year ago, waiting to accumulate funds to purchase thi

Upgrade my system (sets) at least twice a day.

Not really, but....  Most of the Ukrainian notes coming up for auction/sale as of late are duplicates of examples I already have but some would be upgrades for me. So do I take the opportunity to replace a few low grades in my set or not, I'm not so sure right now. There are many factors in a decision to upgrade your collection, as a collector you would of course want the best examples available (that are within your means). I'm definitely not upgrading anything unless it's a 2+ increase in

Under the (UV)light / You see a sight that almost stops your heart

A new note arrived the other day, always a joyous event. It was a P 82b, a note that the seller had multiples of, a note that you don't see as often as it's counterpart (82a). As soon as I saw this note I checked the PMG Population Report, five notes graded at 68 and 1 at 65. I don't keep a week by week record of the populations but I do check them out every Tuesday when they are updated and from what I recalled the five 68's are all new meaning they were all submitted together. Sweet, now I'm p

Where did you come from?

So this was part of another journal entry I was writing but I got completely sidetracked in researching/writing this aspect of the entry and it just doesn't fit or stay within the theme of the original anymore. Viola! A second journal entry.  In 1991 the newly Independent Ukraine was accepting bids to print its new currency the Hryvnia. CBNC (Canadian Bank Note Company), one of the bidders, is based in Ottawa. At the time Canada had a population of just over 27 million, 1 million of which w