Rise up GATHER round / .............. / Burn it up, let's go for BROKE!

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Fenntucky Mike

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Recently, I've been burning up some spare funds I acquired through sales of some duplicates in my coin collections. I've been busy using some of these newly rediscovered monies to focus on gathering up several Ukrainian banknotes for my sets. I have been hitting the banknotes really hard the last two weeks due to several factors eluded to in a previous journal entry (over $1,800 an ounce on 7/8/2020).  It just so happened that several notes popped up for sale that were either perfect matches for empty slots or upgrades in my sets. Funny how when you have some extra "mad" money you find the perfect thing to spend it on fairly quickly, hmmmm. Needless to say I bid on all of the notes and won most of them (not a lot of competition for Ukrainian notes). At the time I saw the notes and even more so now, I can't help but have a feeling of being spied on. That the seller looked at my registry set, looked in his inventory and sent some notes in for grading, Bing. Bang. Boom. Notes for me and a profit for them. Good for them if that's the case, that just seems like good business and paying attention to your market if true. I noticed today when looking at the population report for Ukrainian banknotes that the total graded increased by 15 which might as well be a hundred when talking Ukrainian banknotes. Another bulk submission from this seller? I guess I'll find out, let's go for broke. 

The latest banknotes to roll in this week, more on the way.

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Man, I need to get going on some descriptions for these notes!

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Yeah... Not a lot of those graded really -  just north of 1,400 total for Ukraine. So I can totally see you getting excited when one you need just pops up in a high grade and you can just buy it instead of taking a roll of the dice on a raw note.

Something funny to think about but, the ~62 graded notes you have in your registry are over 4.3% of all the PMG graded Ukrainian notes in the world at the moment. You own more than 1 in every 25.

Venezuela is doing slightly better at about 3,650. Zimbabwe looks a lot bigger at 13,100+, and in some ways it is, but over 6,000 of those are just the 100 Trillion note that everyone is obsessed with. 

If you've been making out with some deals lately like you alluded to in your prior post I doubt they're making all that much money off you though.

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I feel like they were good deals for the most part, I acquired over half of those notes for between $25 - $40. Considering the grading fees plus shipping would probably run me around $22 - 25 a note, plus the cost of purchasing several raw notes so I would be able to select the higher grades, I'm very happy with those prices. Most of the notes pictured are from one seller and it seems that this seller likes to deal in volume and likes to turn over there inventory, so they seem to keep there prices fairly low. I've purchased items from them for a few years now. Its a seller on eBay, one I'm sure you've dealt with and probably most people have dealt with if you're collecting world notes.

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LOL,

Five new listings have just popped over the last 24hrs from that same seller, all in shiny new PMG holders. One would be an upgrade and the other two will fit into empty slots in my sets. The funny thing is that the slots the notes will fit in are Pick # specific, meaning that I already have at least one version of the notes in that base Pick # and the ones posted just happen to be the variants I need for those notes. Let's see if the seller posts any additional notes over the next few days, like another ten. I wish this seller would show the reverse of the note so I could see the cert #, that would help answer the question of were these part of the last submission the seller made, meaning the first seven digits of the cert #'s would match the cert #'s on the notes I just bought. Or if these have new cert #'s, not that it would be 100% conclusive.

Just the nut job conspiracy theorist coming out in me, and to much time on my hands. :insane:

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8 hours ago, Fenntucky Mike said:

I wish this seller would show the reverse of the note so I could see the cert #, that would help answer the question of were these part of the last submission the seller made, meaning the first seven digits of the cert #'s would match the cert #'s on the notes I just bought. Or if these have new cert #'s, not that it would be 100% conclusive.

Not quite the same as what you mean, but a large part of my 2nd dollar and 3rd dollar sets are bought off BankNoteWorld. They submitted large numbers of various denominations - many years ago I think, some more recently, and there are a bunch of notes in my sets that have the same invoice number (first 7 digits) as each other. I've always found it slightly amusing.

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I enjoy following the Cert #'s if possible. I just find it interesting and it gives me a glimpse of the history of that individual note and if it crossed paths with other notes (including notes from different countries) not just in my sets but in other peoples sets. Gives me a glimpse of what these sellers are doing behind the scenes with there submissions, i.e. when submitted, how many, what denominations, etc. Although I haven't been able to translate any of this info into BIG BIG SAVINGS, or that any of it is relevant. It's just another layer of collecting that I've sunk to.lol

I've been to BankNoteWorld a few times, in fact that is were my two Zimbabwe notes came from. Needed to get my cart total up to qualify for free shipping.lol

Off topic, but I took a peek over at Banknote World while typing this and they have one add saying "Gold is at a 2012 high of $1800, now is the time to buy before the market moves higher" and another saying "Price Drop Silver Bullion now is the time to buy". I know I'm over simplifying this but striping those statements down to nuts and bolts. Which is it, buy high or buy low? I just find it amusing that they would have two seemingly contrarian statements scrolling back to back. Not that either statement is necessarily wrong.:ohnoez:

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21 hours ago, Fenntucky Mike said:

I've been to BankNoteWorld a few times, in fact that is were my two Zimbabwe notes came from. Needed to get my cart total up to qualify for free shipping.lol

I find it fairly hilarious that this, of all reasons, is why you have Zimbabwe notes. "Well, I'd rather have this than pay for shipping."

21 hours ago, Fenntucky Mike said:

Off topic, but I took a peek over at Banknote World while typing this and they have one add saying "Gold is at a 2012 high of $1800, now is the time to buy before the market moves higher" and another saying "Price Drop Silver Bullion now is the time to buy". I know I'm over simplifying this but striping those statements down to nuts and bolts. Which is it, buy high or buy low? I just find it amusing that they would have two seemingly contrarian statements scrolling back to back. Not that either statement is necessarily wrong.:ohnoez:

Yeah. Typical for any place that deals in bullion - they all talk out of both sides of their mouths at every opportunity. They don't really care why or what convinces you to buy - as long as you decide to BUY NOW!!

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1 hour ago, Revenant said:

I find it fairly hilarious that this, of all reasons, is why you have Zimbabwe notes. "Well, I'd rather have this than pay for shipping."

Yep, that is exactly what I did, it happened on two separate occasions. I can't remember if the orders didn't qualify for free shipping or didn't meet there minimum order requirement, but at any rate I ended up with an unplanned Zimbabwe note in my cart each time. The billion dollar note was the first and I admit I added that one to the order strictly for the novelty of having a billion dollar note. I added the Agro-Cheque to the second order because I had started doing a little research about Zimbabwe was getting interested, the price was right, at a high grade and what the hell I already had one Zimbabwe note, lets make it two. Now I'm really interested in the first series and am on the brink of going full in on those.

Funny how a collection can start some times.

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