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You're the best! Around! (70 EPQ)

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Fenntucky Mike

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I wasn't planning on a Journal entry today but what the heck, I saw something that just got the juices flowing, mostly jealousy. While wrapping up my morning browsing of eBay I enter my final search "Zimbabwe PMG". Sort, "Time Newly Listed", check. Scroll, scroll, scroll,wait what! Back, back, back, ooooooh! A PMG 2019, 70* EPQ Zimbabwe $2 banknote, sweet. I hadn't seen or noticed this note earlier in the week, as it looks like it was posted several days ago, with a little over a day left in the bidding. It's listed by a seller I've purchased from before in fact this is the seller I purchased my Zimbabwe $10 note from, another listing that seemed to pop out of nowhere as I didn't see that listing until the day it was ending. Seems that I have a propensity for passing by this sellers listings, anyway. This "70" comes on the heels of a PMG 2019, 70* EPQ Zimbabwe $5 banknote that sold a few weeks back for $1,026.02. As I write this, the available "70" $2 note has a starting bid of 399.99 with no current bids. 

(Damn it, I just did an advanced search and the current listing is the second PMG 2019, 70* EPQ Zimbabwe $2 banknote this seller listed, the first listing ended a few weeks ago with 1 bid and final price of $399.99, a steel compared to the $5 "70".)

These "70" notes got me thinking, first that someone will or could have a chance at a real sweet "70" set, how much will this one go for, how often does a ""70" happen, better document this and wish I had a "70". In that order. The chance at a perfect "70" modern set (short set), that would be quite an accomplishment (and expense) if someone could do that. The cost of a "70" note is typically astronomical, the hammer price on the $5 note blew me away, comparatively speaking, $400 for the $2 note doesn't sound so bad. This (low hammer price, along with me consistently overlooking them) makes me think this seller is doing something wrong or eBay is screwing them, In my mind there should not be a $600 difference between the two ($5 & $2). A "70" for a modern banknote is not like having a "70" modern coin, a banknote in that grade is WAY more difficult to find, for example as I look at the PMG population report for Zimbabwe there are currently 2 listed out of 13,242 total notes graded, going back to 1980. The unlisted Picks, which include the 2019 issues, are not currently listed in the population reports (a RANT for another journal entry). In series that I collect, I like to catalog the higher grade notes that I do not own (I extensively catalog the notes in my collection), this helps me keep track of them in case I win the lottery in the future and it gives me a standard to hold my own notes to. I'll save images and sell prices for these notes and compare them to my own, this helps give me an idea of value and gives me a "70" example to compare ungraded and lesser graded notes to, theoretically honing my grading skills. Finally.... Man, I wish I had a "70" (stomping feet and crossing arms)! Nothing like having a supposedly "perfect" note (I have none), maybe someday but not this note, even though I feel there is value here if some entrepreneurial minded person wanted to invest and flip it at a later date. To whomever ends up with this note, it's a beauty and you'll have "The best! Around!". Going to watch "The Karate Kid" now, (original version)

My highest graded note/s is/are a 68 EPQ, here is one of them. 

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P.S.

A 2020 PMG 68 EPQ Zimbabwe $20 banknote has been proving elusive so far, they don't seem to be grading very well.Just going to have to wait it out. :(

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I have 1 69 EPQ in my 3rd dollar set. Its the highest grade I have.

I agree that a 70 set would be killer. It might be achievable on a short set like that. Someone might be working on it, but I don't think I could ever pay that and feel good about it short of winning the Mega millions.

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7 hours ago, Revenant said:

I have 1 69 EPQ in my 3rd dollar set. Its the highest grade I have.

I agree that a 70 set would be killer. It might be achievable on a short set like that. Someone might be working on it, but I don't think I could ever pay that and feel good about it short of winning the Mega millions.

The second 70EPQ $2 sold for $399.99 (same price as the first $2 70) with one bid, significantly less than the $5. This has me scratching my head, I don't get why the $5 would sell for that much more. I feel like there is something going on with the sellers listings, seems like they are not showing up in searches very well.

Yep, I just can't bring myself to spend close to those amounts for a 70, at least for these notes. I have a hard time believing these (if a person was purchasing for an investment) will appreciate in value. If people are buying because they enjoy the notes and have that level of disposable income, then more power to them. Hope to see these in the registry some day.

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1 hour ago, Fenntucky Mike said:

The second 70EPQ $2 sold for $399.99 (same price as the first $2 70) with one bid, significantly less than the $5. This has me scratching my head, I don't get why the $5 would sell for that much more. I feel like there is something going on with the sellers listings, seems like they are not showing up in searches very well.

Yep, I just can't bring myself to spend close to those amounts for a 70, at least for these notes. I have a hard time believing these (if a person was purchasing for an investment) will appreciate in value. If people are buying because they enjoy the notes and have that level of disposable income, then more power to them. Hope to see these in the registry some day.

Well, 1) The sellers should have never put these up for sale at the same time. That's immediately toxic for the selling price of something that depends on supposed rarity. 2) I've long thought that the $5 probably had two people put in sniper bids higher than they were expecting thinking there wouldn't be another bid that high. I would not be surprised if there was some buyers remorse there.

Values on all the 2nd and 3rd dollars are way down in the last 5 years. Only the 10,000 and the 20, 50 and 100 Trillion have held up in value. Even there, it's mostly the 100 Trillion.

I expect these will not hold up well overall once the newness fades. That's why I'm not paying much more than they'd cost to grade.

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On 9/15/2020 at 7:50 AM, Revenant said:

Well, 1) The sellers should have never put these up for sale at the same time. That's immediately toxic for the selling price of something that depends on supposed rarity. 2) I've long thought that the $5 probably had two people put in sniper bids higher than they were expecting thinking there wouldn't be another bid that high. I would not be surprised if there was some buyers remorse there.

You've probably already seen this but another $5 70 EPQ is for sale on eBay, starting price $955.55. I'm watching it, let's see if it sells. I'm suspecting bigtime buyers remorse for the person who bought the last one. Apparently getting a 70 is no big deal with these notes. The new notes are still not listed in the population reports

If this note sells for that price or higher, then I have to conclude that there was something going on with the $2 listings. I don't know what else it could be, we'll see.

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

You've probably already seen this but another $5 70 EPQ is for sale on eBay, starting price $955.55. I'm watching it, let's see if it sells. I'm suspecting bigtime buyers remorse .... I don't know what else it could be, we'll see.

I hadn't seen it but I'm not surprised. I wouldn't say a 70 is NBD. If you look at all the 100 Trillions graded back in the day and the relatively small number of 70s, a 70 is still relatively rare and hard to get. Even so, I'd rather have a 68 or a 67 for a much much lower price.

I think its probably buyers remorse and hoping to get out of it without losing their but... I don't see it working out for them. The long term (5 year) trend on these is down for everything except maybe the 100 Trillion and I do not expect these to be investments. When the newness wears off these will probably be pulling $15-20 for 66 and 67 EPQs, just like the 3rd and 4th dollars. I'm only buying the new series now because the prices are reasonable enough and I want them / I'm impatient.

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So you have me somewhat curious because at this point you have to have a $2 and $10 note in your possession but you aren't listing them yet. What you up to, Mike!?! Lol

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21 hours ago, Revenant said:

So you have me somewhat curious because at this point you have to have a $2 and $10 note in your possession but you aren't listing them yet. What you up to, Mike!?! Lol

Ha. I'm just dragging my feet on getting them into the registry. I got kind of side tracked with Isle of Man coinage, so I've been spending my time on that. I'm kind of shifting back to banknotes again so I'll probably get the set started on PMG this week, maybe next. I have the $2, $5 and $10 in 68 I've been waiting for a $20 but just haven't seen one in the grade I'm looking for, I was kind of waiting to get the $20 so that, BAM, I could just post them all at once. We'll see, I just used my eBay Bucks to get the $5 Bond note.

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33 minutes ago, Fenntucky Mike said:

I have the $2, $5 and $10 in 68 I've been waiting for a $20 but just haven't seen one in the grade I'm looking for, I was kind of waiting to get the $20 so that, BAM, I could just post them all at once. We'll see, I just used my eBay Bucks to get the $5 Bond note.

Sounds like you've been busy! If you pass me up when you do get around to posting them I'll look into giving you a hard time with it later. ;)😆

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11 hours ago, Fenntucky Mike said:

I just used my eBay Bucks to get the $5 Bond note.

BTW, I'm pretty sure you bought something I was watching and considering. So this clearly means war! Later... After I'm done with other areas of focus and after I figure out what my wife bought for my birthday in 2 weeks. Lol 

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10 hours ago, Revenant said:

BTW, I'm pretty sure you bought something I was watching and considering. So this clearly means war! Later... After I'm done with other areas of focus and after I figure out what my wife bought for my birthday in 2 weeks. Lol 

Ha, if it was that $20 66EPQ then yep that was me.:devil: I was looking at a 69 $5 and I just couldn't justify the price, even with my eBay Bucks to offset some of the cost. I figured it was better just to go with a lower grade and kill two birds with one stone, in the end I'm just looking for some quality examples. 

Like you said the odds of these increasing in value is not good. If there were like 25 registry sets I might have been willing to take a gamble on the 69 as an investment but right now it's only you and soon to be me.:):slapfight:

Edited by Fenntucky Mike
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7 hours ago, Fenntucky Mike said:

 I figured it was better just to go with a lower grade and kill two birds with one stone, in the end I'm just looking for some quality examples. 

Ha! You actually thought about it? I guess the bug has bit you bad with this set! lol 

7 hours ago, Fenntucky Mike said:

Like you said the odds of these increasing in value is not good. If there were like 25 registry sets I might have been willing to take a gamble on the 69 as an investment but right now it's only you and soon to be me.:):slapfight:

The funny thing is, we're not the only ones buying these - that much is clear, because we aren't the ones dropping $400-1100 for 70EPQs. Zimbabwe notes are also among the most posted / discussed things in the Paper Money and Currency sub-reddits and there are even whole online stores dedicated to this - like "100trillion.com." It's not that I don't think there's interest in the notes. I just think the RBZ has printed enough of them to ensure that they never have any chance of being hard to find. lol 

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4 hours ago, Revenant said:

Ha! You actually thought about it? I guess the bug has bit you bad with this set! lol 

You could say that. I thought about that 69 for quite awhile, I've been watching it for at least 3 weeks. I hated not having this set complete, all those notes popping up everyday and a pocket full of ebay bucks.... I couldn't take it any more :pullhair:, I wanted to finish the set. Now that I have those holes filled, I'll probably never think about that 69 again. Well not as much anyway.

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48 minutes ago, Fenntucky Mike said:

You could say that. I thought about that 69 for quite awhile, I've been watching it for at least 3 weeks. I hated not having this set complete, all those notes popping up everyday and a pocket full of ebay bucks.... I couldn't take it any more :pullhair:, I wanted to finish the set. Now that I have those holes filled, I'll probably never think about that 69 again. Well not as much anyway.

Yeah. My big.problem right now is my lack of a P-3. My 4th dollar $5 note is just a 64 EPQ because its the only one I've seen up for sale and for about $20 it was worth just not having to look at that hole.

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On 10/3/2020 at 12:27 PM, Revenant said:

I think its probably buyers remorse and hoping to get out of it without losing their but... I don't see it working out for them.

I think you're right, no takers on that $5 70EPQ at $995

I'd be feeling BIG TIME buyers remorse if I was the person who bought the first one. 

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On 10/12/2020 at 4:19 PM, Fenntucky Mike said:

I think you're right, no takers on that $5 70EPQ at $995

I'd be feeling BIG TIME buyers remorse if I was the person who bought the first one. 

Yup. That seller likes to put starting bids close to "fair value," as a way of making sure they don't lose their rear. I think the first one led them to over estimate the market value in a market where more than one exists. It's interesting that the "loser" on the first note didn't come back for the 2nd. Probably thanking their lucky stars the other person beat them.

I'll talk on this more later but I "won" the 1994 $2 P-1d in 68 EPQ Star - the highest grade example so far of the rarest P-1 type. It set me back $115 all told. I'm much happier with that than a 69 EPQ of the new $5 note or a 70 EPQ of the new $2 for 4 times as much.

Edited by Revenant
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11 hours ago, Revenant said:

I'll talk on this more later but I "won" the 1994 $2 P-1d in 68 EPQ Star - the highest grade example so far of the rarest P-1 type. It set me back $115 all told. I'm much happier with that than a 69 EPQ of the new $5 note or a 70 EPQ of the new $2 for 4 times as much.

Awesome!:golfclap:

Can't wait to read about it.

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