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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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