Revenant

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Everything posted by Revenant

  1. ... always getting in a little over my head with eyes that are bigger than my wallet. I'm always amazed by how often it happens that I start with a simple, small idea and goal, and then I come up with this insane idea for a big project that's usually beyond my time and financial resources, and then I settle on another approach that's actually reasonable and achievable. This isn't limited to coin collecting in my life but coin and note collecting are certainly areas where this tendency is expressed. When I first went back to eBay to try to find a Zimbabwe 100 Trillion note I was only looking for one, ungraded, note. When I started looking around though I started seeing and wanting to collect all of them. I also started seeing some PMG graded notes and realizing that there were a lot of PMG graded notes available for not-a-lot of money -- some of them could be had in solid grades for barely more than the cost of grading. So then I was thinking about getting a graded note, and then I started thinking about getting a set of the 4 trillion+ denominated notes... and then I started thinking about getting as many of them as I could in PMG holders for a reasonable price. So the idea just kept on growing... I wanted the PMG graded notes for the same reason I'd wanted some PMG graded US silver certificates. I like the PMG covers -- especially the way they help protect the note from bending, folding and wear. I like holding and looking at the notes and having them in the holder makes me feel better about it - knowing that I'm not likely to damage the note. These notes aren't made of the best paper in the world from what I can tell so that's going against them to begin with. Wanting the full set went back to one of my original reasons for wanting the note: I'd always thought something like that would be cool to show a child one day to share that story/bit of history with them. While a single 100 trillion dollar note could be cool, having the whole set and be able to show them the run-up and how quickly it happened would help get the point across better. I think having the whole series would let the notes tell the story, rather than having 1 picture at the back of the book so to speak. By the time I was doing this shopping I knew I was actually going to have a kid soon that I could show these to -- and the prospect of showing all of these things to him, in holder that will keep him from damaging the notes for the most part, really appeals to me. So, long story short (too late!) I ended up ordering 5 notes from a seller that offered them graded by PMG, mostly in the 65-66 EPQ grade -- none of which were the 100 trillion dollar note I initially went into this looking for! I had more trouble finding the 100 trillion note graded by PMG in a grade I liked for a price I liked. I ultimately won an auction for a 67 EPQ a week or two later. So far I'm up to having about 8 of the ~27 notes in the series, with all of the trillion+ and most of the billion+ denominations acquired. I'm hoping to get away with ordering 3-5 more of the notes in the set in a couple of weeks if the wife and the budget allow. It'd be really great to have a complete set in PMG 65-67 EPQ -- probably mostly 66 EPQ. I don't know if I'll pull it off or not. It'll depend on the availability of notes and cash of course. I'd also like to go for a full 4th dollar set. I'm not currently planning to go after the Barer Cheque series but I guess I could change my mind later. See more journals by Revenant
  2. ... always getting in a little over my head with eyes that are bigger than my wallet. I'm always amazed by how often it happens that I start with a simple, small idea and goal, and then I come up with this insane idea for a big project that's usually beyond my time and financial resources, and then I settle on another approach that's actually reasonable and achievable. This isn't limited to coin collecting in my life but coin and note collecting are certainly areas where this tendency is expressed. When I first went back to eBay to try to find a Zimbabwe 100 Trillion note I was only looking for one, ungraded, note. When I started looking around though I started seeing and wanting to collect all of them. I also started seeing some PMG graded notes and realizing that there were a lot of PMG graded notes available for not-a-lot of money -- some of them could be had in solid grades for barely more than the cost of grading. So then I was thinking about getting a graded note, and then I started thinking about getting a set of the 4 trillion+ denominated notes... and then I started thinking about getting as many of them as I could in PMG holders for a reasonable price. So the idea just kept on growing... I wanted the PMG graded notes for the same reason I'd wanted some PMG graded US silver certificates. I like the PMG covers -- especially the way they help protect the note from bending, folding and wear. I like holding and looking at the notes and having them in the holder makes me feel better about it - knowing that I'm not likely to damage the note. These notes aren't made of the best paper in the world from what I can tell so that's going against them to begin with. Wanting the full set went back to one of my original reasons for wanting the note: I'd always thought something like that would be cool to show a child one day to share that story/bit of history with them. While a single 100 trillion dollar note could be cool, having the whole set and be able to show them the run-up and how quickly it happened would help get the point across better. I think having the whole series would let the notes tell the story, rather than having 1 picture at the back of the book so to speak. By the time I was doing this shopping I knew I was actually going to have a kid soon that I could show these to -- and the prospect of showing all of these things to him, in holder that will keep him from damaging the notes for the most part, really appeals to me. So, long story short (too late!) I ended up ordering 5 notes from a seller that offered them graded by PMG, mostly in the 65-66 EPQ grade -- none of which were the 100 trillion dollar note I initially went into this looking for! I had more trouble finding the 100 trillion note graded by PMG in a grade I liked for a price I liked. I ultimately won an auction for a 67 EPQ a week or two later. So far I'm up to having about 8 of the ~27 notes in the series, with all of the trillion+ and most of the billion+ denominations acquired. I'm hoping to get away with ordering 3-5 more of the notes in the set in a couple of weeks if the wife and the budget allow. It'd be really great to have a complete set in PMG 65-67 EPQ -- probably mostly 66 EPQ. I don't know if I'll pull it off or not. It'll depend on the availability of notes and cash of course. I'd also like to go for a full 4th dollar set. I'm not currently planning to go after the Barer Cheque series but I guess I could change my mind later. To see old comments for this Journal entry, click here. New comments can be added below.
  3. Yes, I saw that, but they can't dishonor him with this. Designs change. He's been on the note nearly 90 years. Not many others can have that said of them and this is a man that probably wouldn't have wanted the "honor" in the first place. I fail to see how any of this injures the legacy or memory of Jackson. Plenty of people don't like him as it is for some of the things he did. I don't think taking him off the 20 is going to change the relative numbers of his supporters, haters, and the ones who don't know enough history to have a valid opinion.
  4. A recent effort in notes collecting I recently started collecting the Zimbabwe Trillion Series of notes. If most people are like me you might initially think that the Trillions Series refers only to the last 4 notes that are denominated in the trillions of dollars (10, 20, 50, and 100 Trillion dollars). The full series actually includes over 25 notes. The denominations run from 1 dollar to the infamous 100 trillion note. This series ran from 2007 to 2009 and come after the Bearer Cheque Series of notes that ran from 1 cent to 100 Billion from 2006 to 2007. If I understand the situation correctly (I freely admit I could be wrong on some of this, I'm still working on learning and reading about some of what went on and how this matches up with the notes), the Bearer Cheque Series constitutes what is generally referred to as the "2nd Dollar." The "2nd dollar" period followed after 3 zeros were chopped off the money in the first redenomination (ending the "1st Dollar"). Then the Trillion Series picked up after 10 more zeros were chopped off in the 2nd redenomination, marking the beginning of the "3rd Dollar." The "4th Dollar" (which there is a PMG registry option for - which gives me hope that we'll see a 3rd Dollar option one day) was issued in February 2009 following the 3rd redenomination -- but only for a few months. They chopped another 12 zeros off in the 3rd redenomination and then finally just gave up and stopped issuing their own money entirely in April 2009. The 100 trillion dollar notes were worth 10^27 of the pre-hyperinflation first dollars. The multiple revaluations and series of notes was a major source of confusion - for me anyway - and kept me from understanding for a long time just how bad the currency devaluation was during those few years and it still leaves me a bit fuzzy over the whole timeline. I've wanted to build a set like this in one way or another for a long time - basically since I started collecting coins again - in part because this set of notes and events is tied to why I got back into coin collecting. I was getting interested in coin collecting in 2006-2007 and reading articles on coinflation.com, many of which talked about what was happening in Zimbabwe at the time. For me, the coins and the paper money, the art and the beauty of it all, the gradual loss of value of the dollar and other paper currencies, and discussion of what would likely come in the future was all wrapped up together in this big interesting story that appealed to me as the son of a history teacher. I think the process engineer in me also loved the idea of looking at all of it in the context of a changing system over time and the dynamics of that systemic change. It really intrigued me and I wanted to at least get one of the 100 Trillion notes as a conversation piece but at the time interest in the notes was high and the notes were going for -- what I felt at the time -- insanely too much money. The funny thing is, 8 years later, I don't remember what they were going for at the time. I just remember thinking the price wasn't worth it to me. For all I know the prices I'm buying the notes at now could be just as high as what they were then -- it might just be that this time I have more money and I'm more willing to spend it on the notes. I don't know - . I wonder some days if the prices really did come down after some time passes and the interest dropped or if I'm just looser with money now. It's funny how perspectives can change, even over relatively short periods of time. I didn't think about it for years, but I thought of it when I started buying silver again. My wife was looking at me like I was a little crazy over the silver (maybe more than a little). I remembered these notes, remembered wanting to collect them, and realized that they might help me win her over on the silver by showing her why I wanted the silver bars as an inflation hedge. (Maybe I thought they might help me win her over and then remembered that I wanted them anyway. Anyway -- the thoughts were linked!) As it happens they actually worked really well in that regard. She was shocked when I started showing her the notes and telling her about the speed with which the money was devalued during the hyperinflationary period. Of course it helps that she doesn't really trust the stock market any more than I do these days. So I looked into what those notes were going for on eBay again late last year. I found that they weren't all that expensive (by my current standards anyway) and a new collection/project was born! I'll stop there for now though because this is already a little long... See more journals by Revenant
  5. A recent effort in notes collecting I recently started collecting the Zimbabwe Trillion Series of notes. If most people are like me you might initially think that the Trillions Series refers only to the last 4 notes that are denominated in the trillions of dollars (10, 20, 50, and 100 Trillion dollars). The full series actually includes over 25 notes. The denominations run from 1 dollar to the infamous 100 trillion note. This series ran from 2007 to 2009 and come after the Bearer Cheque Series of notes that ran from 1 cent to 100 Billion from 2006 to 2007. If I understand the situation correctly (I freely admit I could be wrong on some of this, I'm still working on learning and reading about some of what went on and how this matches up with the notes), the Bearer Cheque Series constitutes what is generally referred to as the "2nd Dollar." The "2nd dollar" period followed after 3 zeros were chopped off the money in the first redenomination (ending the "1st Dollar"). Then the Trillion Series picked up after 10 more zeros were chopped off in the 2nd redenomination, marking the beginning of the "3rd Dollar." The "4th Dollar" (which there is a PMG registry option for - which gives me hope that we'll see a 3rd Dollar option one day) was issued in February 2009 following the 3rd redenomination -- but only for a few months. They chopped another 12 zeros off in the 3rd redenomination and then finally just gave up and stopped issuing their own money entirely in April 2009. The 100 trillion dollar notes were worth 10^27 of the pre-hyperinflation first dollars. The multiple revaluations and series of notes was a major source of confusion - for me anyway - and kept me from understanding for a long time just how bad the currency devaluation was during those few years and it still leaves me a bit fuzzy over the whole timeline. I've wanted to build a set like this in one way or another for a long time - basically since I started collecting coins again - in part because this set of notes and events is tied to why I got back into coin collecting. I was getting interested in coin collecting in 2006-2007 and reading articles on coinflation.com, many of which talked about what was happening in Zimbabwe at the time. For me, the coins and the paper money, the art and the beauty of it all, the gradual loss of value of the dollar and other paper currencies, and discussion of what would likely come in the future was all wrapped up together in this big interesting story that appealed to me as the son of a history teacher. I think the process engineer in me also loved the idea of looking at all of it in the context of a changing system over time and the dynamics of that systemic change. It really intrigued me and I wanted to at least get one of the 100 Trillion notes as a conversation piece but at the time interest in the notes was high and the notes were going for -- what I felt at the time -- insanely too much money. The funny thing is, 8 years later, I don't remember what they were going for at the time. I just remember thinking the price wasn't worth it to me. For all I know the prices I'm buying the notes at now could be just as high as what they were then -- it might just be that this time I have more money and I'm more willing to spend it on the notes. I don't know - . I wonder some days if the prices really did come down after some time passes and the interest dropped or if I'm just looser with money now. It's funny how perspectives can change, even over relatively short periods of time. I didn't think about it for years, but I thought of it when I started buying silver again. My wife was looking at me like I was a little crazy over the silver (maybe more than a little). I remembered these notes, remembered wanting to collect them, and realized that they might help me win her over on the silver by showing her why I wanted the silver bars as an inflation hedge. (Maybe I thought they might help me win her over and then remembered that I wanted them anyway. Anyway -- the thoughts were linked!) As it happens they actually worked really well in that regard. She was shocked when I started showing her the notes and telling her about the speed with which the money was devalued during the hyperinflationary period. Of course it helps that she doesn't really trust the stock market any more than I do these days. So I looked into what those notes were going for on eBay again late last year. I found that they weren't all that expensive (by my current standards anyway) and a new collection/project was born! I'll stop there for now though because this is already a little long... To see old comments for this Journal entry, click here. New comments can be added below.
  6. You can't use the linkage to the money system as a criterion IMO. We've had other people who weren't key to the financial system on the money for one and Jackson hated the idea of a central bank and government debt. I also don't think it's fair to fault her for supporting Brown the way she did. Lots of people supported it and lots of people (reasonably) believed that slavery wouldn't end in the South without violence/war.
  7. Of course, now they're demonitized. So they're even more worthless as money than they were before! They're fun notes. I'm working on a set for the so called "Trillion Series" that includes the full run-up of the so-called "third dollar" from the 1 dollar bill released in 2007 to the 100 trillion released in 2008. I might or might not go for the short "forth dollar" run, especially now that I see there's a registry set for them.
  8. That is in crazy-good condition for it's age! Really nice looking note and cool idea for the signature set. I love the copper civil war tokens. I wish I had more time to devote to collecting them. I've been working on a set of the Zimbabwe Trillion Series and I'll be posting about that later. I like the PMG holders because it lets me flip them around and look at the note without worrying about messing it up. I also hope it'll help me later on when I try to show them to the kid.