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I feel I'm going to win (Oh S***! I'm going to win!)

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Fenntucky Mike

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Last night was a busy time for Ukrainian banknote auctions, there were eleven ending within roughly a hour of each other, from one seller. There were three lots I was focusing on in particular and the other 7 were lower on the wish list. I wasn't going to be online as the auctions were ending so I placed heavier then normal bids on the three I was really hoping to win and low ball bids on the rest of the lots. In addition to the Ukrainian notes there were also two Zimbabwe notes from the latest series, a $5 and $10, so while in a bidding frame of mind I threw a couple of low ball bids on those as well, not expecting to win. Why not, right? Well, after awakening from a sound slumber I turn on the old computer and start scrolling through emails, You Won!, You Won!, You Won! was peppered throughout several emails, uh oh better go check on the damage.  As it turns out I took seven of the eleven Ukrainian notes and one of the Zimbabwe, the $10. Yes! It's always a bit of a shock when you win things you are not expecting to, a little bit of sticker shock. So you sometimes have the Thrill of Victory and the Agony of Paying, more so I feel when you are not live bidding.  At any rate I'm thrilled to have gotten the notes that I did and it really wasn't that costly, in fact I would say that 6 of the 8 were good to exceptional deals and two I over paid. The only reason I have a little angst is because I'll be paying for this out of my "Mad Money" Pay Pal account, an account I keep for the buying and selling of coins or notes. As of last night, I did have enough to purchase the 2011 50 Hryven Commemorative banknote that I had mentioned in a previous journal entry, a note that is going to be tougher to get as time goes on, but with last nights victories I'm going to have to wait on that for a few more weeks until I sell some more items. Well enough musing and onto the results.

The first lot was this pair of 2,000,000 Karbovantsiv (Pick# 91Br) consecutive banknotes (remainders), one with a fancy serial number, "Descending Pairs". I didn't know that PMG recognized descending pairs, anyway. These notes are not hard to find as remainders in good condition, in fact you can usually pick them up for a $1 a piece or less in bulk. I know, I already have several that I was sorting through to send in for my first submission. But to save me the trouble of submitting two on my own, plus one had a fancy serial # designation and because I wasn't going to be available to make a snipe bid at the last second, I put a larger bid on them. A bid that I think was more than they were worth. Here they are, pictures are from the seller.

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The next note I put a strong bid on, was again a 2,000,000 Karbovantisv note (Pick# 91B) but this one is signed and stamped, a valid note. These are much harder to come by in UNC condition and can range from $20 - $40+ (ungraded), depending on the stamp and signature. Again, for the reasons mentioned above I put a large bid on it and probably overpaid, maybe not as bad as the first notes.

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The third note I was really gunning for was a 2005 100Hryven (Pick#122a) these, while not necessarily difficult to find are not "plentiful". An example is probably going to run you around $15 (ungraded) from a source overseas (that includes the shipping), if you can get one at that price it's a good deal and hope that the condition is good. Again not wanting the hassle of trying to collect multiple raw notes and submitting, along with a respectable grade on this one, I put a high bid on this note as well. I don't feel I overpaid to severely on this one, although it was a little higher than I expected.

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The above notes are the first examples of such for my collection, so I was specifically keen on acquiring them. The other four Ukrainian notes are varieties of existing Picks and I was able to pick each of those up for less than the cost of grading (on average), so I'm very pleased with all of those. 

Now we come to the surprise of the night, a Zimbabwe 2020 $10 PMG 68 EPQ new series note (Pick Unlisted). I threw down a low ball bid on this one, what I thought was a real stinker of a bid and had zero chance of winning. Well, I won. I was as shocked at winning this note as I was at seeing the price realized on a Zimbabwe $5 PMG 70 EPQ new series note ($1,026.02). At under $25 (including tax and shipping), I'll take that every time.

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P.S.

In my first journal entry I was hemming an hawing about the next set of notes to collect, Well let's end the suspense, (not that there was much) and make it official. I am now collecting new series Zimbabwe Dollars. I would like to get the complete series to date in 68 but we'll see how it goes. Currently only comprising of four denominations, it's not much of a commitment but it is as involved as I want to be at the moment on another set. 

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Yeah... I went for that 67 EPQ on the 10 in part because I was expecting sharper competition on that 68 EPQ. You got away with that for cheaper than my 67. I had thought about bidding on that 68 when I saw it going so low but I decided against it since there are some notes ending today that I wanted to go for instead.

I was hoping to go for a P-3 $10 note ending today but the bidding has gotten too steep. I think I'll wait for now.

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23 minutes ago, Revenant said:

I was hoping to go for a P-3 $10 note ending today but the bidding has gotten too steep. I think I'll wait for now.

I'm watching that one as well, not to bid on but just to see where it ends up. I like staying up to date on the first series sell prices, especially since they seem to be coming out of the woodwork. Yeah, that's getting a little steep and with 13 watching and a few hours left it'll probably jump up a lot more.

There was a seller out of Canada that had a few of the $10 notes for sale, some at 67 and at least one at 68. It was a little weird, one of those auctions that just pops up out of nowhere and only lasts 2 days, anyway they had respectable starting bids of under $35 (shipping was cheap as well) if I remember correctly and no one bid on them.  I want to say there was a $20 note from the same seller but I can't remember for sure. Almost seems like the $10 and $20 notes are not getting the same attention as the $2 and $5. The $2 and $5 seem to be holding strong at around $40 - $50 for examples in 68.

Edited by Fenntucky Mike
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13 minutes ago, Fenntucky Mike said:

There was a seller out of Canada that had a few of the $10 notes for sale, some at 67 and at least one at 68. It was a little weird, one of those auctions that just pops up out of nowhere and only lasts 2 days, anyway they had respectable starting bids of under $35 (shipping was cheap as well) if I remember correctly and no one bid on them.  I want to say there was a $20 note from the same seller but I can't remember for sure. Almost seems like the $10 and $20 notes are not getting the same attention as the $2 and $5. The $2 and $5 seem to be holding strong at around $40 - $50 for examples in 68.

Yeah... I'm not sure what's up with that. I think there might just be slightly less awareness of the $10 and the $20 and I think people might just not be in a rush on those since they're so new. Hard to say.

5 months ago the first dollar notes could go up for auction at these prices in auctions and no one would bid or I'd just win them unopposed. Lately a few people have emerged that are showing some strong, consistent interest in the 1st dollar notes and there are more and more battles over some of them it seems. I also just absolutely got thumped on a P-77 I wanted to complete my "Millions" set in the 3rd dollars series.

I don't know what's triggered it but in the last 3 months it just seems like I've picked up a lot of competition.

I miss the days when I picked up a P-5 variety in 67 EPQ (top pop) for $7.50 because no one fought me for it.

Edited to Add: That Canadian Seller did have a $20 note... but it was only a 66 EPQ. I have plenty of 66 EPQs in my set - especially in the 2nd and 3rd dollars - and I think it's a solid grade, but I've been trying to get 67s where I can lately and, with that note being so new, I just feel like I'd rather wait than pay what felt like a premium price for a 66 EPQ.

Edited by Revenant
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4 minutes ago, Revenant said:

I miss the days when I picked up a P-5 variety in 67 EPQ (top pop) for $7.50 because no one fought me for it.

Nice.

Might be the time to sell duplicates. 

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14 minutes ago, Fenntucky Mike said:

Might be the time to sell duplicates. 

Ha! I wish I had duplicates! I wish I had the budget for a lot of duplicates! This set is so dang huge, if I was sinking a lot of money into duplicates and upgrades right now I'd be in trouble with the misses.

One of the few things I'd count as an absolute duplicate is a P-98 that I wouldn't want to give up because my two P-98s are sequential serial numbers.

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34 minutes ago, Revenant said:

5 months ago the first dollar notes could go up for auction at these prices in auctions and no one would bid or I'd just win them unopposed. Lately a few people have emerged that are showing some strong, consistent interest in the 1st dollar notes and there are more and more battles over some of them it seems.

Yeah, the price jump on the first series helped push me towards the newest dollar series as my next set to collect. But I still like them and will revisit the possibility of starting a set of first series dollars. For now I'll just keep my eye on them and hopefully they'll drop in price a little. The new series and the first series (Picks 1-4) just seem to fit so well together (as you already mentioned) with the animal designs, the triangular design element on the front, the I'm going to call it a "checker board" background for now (on both sides), along with the man made "wonders" on the reverse and the balancing rocks on the front. The two series just complement each other nicely.

20 minutes ago, Revenant said:

This set is so dang huge

Yes it is, another reason to not get that involved with it at the moment. Along with the Ukrainian series is also gigantic and that is going to be my primary focus for the near future. In my mind I need to be at least 75% complete with that series before I get serious about another one.

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