November 23, 2017, 02:19:39 PM
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Recent Posts

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Asian Paper Money / Re: Chinese Mining Co. Money
« Last post by Paxbrit on November 21, 2017, 05:11:50 PM »
And another private note, this from the Chinese Silk and Tea Bank.  I think Paoting is an unlisted branch for this bank, the note is Pick A120Ad, per Heritage Auctions.
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Asian Paper Money / Chinese Mining Co. Money
« Last post by Paxbrit on November 21, 2017, 05:06:10 PM »
This lovely note is at Heritage Auction next month, I downloaded some photos for a Powerpoint and just had to share this one.

China surely seems to be a lot like revolutionary Mexico, just lots and lots of private issues, private banks, provincial banks, national banks, puppet banks, all of them putting out currency like there was no tomorrow.
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Asian Paper Money / Malaya $1000 note
« Last post by Paxbrit on November 20, 2017, 02:17:05 PM »
Another lovely rarity coming up for Heritage Auction next month.  This note may be unique, the only one, according to the auction description, but the serial numbers would seem to indicate a few more examples may be out there.  This is the 1953 $1,000 issue from Malaya and British Borneo.

Nice reserve on this, over $40,000. 
4
Asian Paper Money / Specimen of No Value, eh?
« Last post by Paxbrit on November 20, 2017, 02:14:28 PM »
This great rarity is coming up for a Heritage Auction next month, be sure to get your bids in now.  The reserve is over $30,000.

It's really difficult to convince the wife we have to sell the house to add to the banknote collection.  Any advice?
5
African Paper Money / Egyptian Fiver
« Last post by Paxbrit on November 20, 2017, 01:59:12 PM »
Nothing says 'Egyptian' like Egyptian banknotes.  This is P39a from 1963.  There are 3 issues of this design, all in different color schemes.  The first issue is pretty pricey, the later two much less so.
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Paper Money Collecting / Re: The Collection Grows, and Shrinks.
« Last post by Paxbrit on November 20, 2017, 09:31:40 AM »
That 10% is definitely a goal, nothing wrong with it at all.  As I transition from quantity to quality, I'm looking at what I've already collected, too, just seems like a simple approach.  Dropping from 3,350 notes to say, 2,750 is not going to kill the collection, I guarantee that.  But with over 1,000 notes worth under $5 apiece, and averaging $2.26 apiece, there's some room in that classification for improvement.  Cheap once, cheap twice, as the saying goes, I'm not seeing more than a dozen notes rise to the next value class, $5 to $10.  Seems the best returns are coming from $10 to $50 material.

I'm just looking at material I bought nearly 30 years ago for a dollar being worth perhaps two dollars today, and actual market values being less.  South America is just one example, lots of inflation notes of little or no value, bland designs, and little or no appreciation over the years.  If something hasn't seen a decent value increase in the last 50 years since issued, it's not going to see it now.  I look through the collection, and when I reach South America, the fun stops and I ask myself, 'Why did I spend money on this worthless paper?'  I could keep 90% of the value by retaining 4% of the notes.

Fun hobby, and all that, but I'll take a few hundred notes and get some return on them, then put the money into fewer notes of better quality that will have a much better chance of decent appreciation.  The hobby can be, in a word, expensive, and it seems to me that even at the levels most collectors build their collections at, we need to keep an eye out for appreciation and return.   Lots of competition for our hobby money, might as well work it a little harder when we want to.

If I put this off, my returns on the new material will never happen, so it's time when it's time.  Compound Appreciation doesn't work when it's not put into play.

Lots of cheap stuff in Asia and Africa, too, but I'm keeping the vast bulk of that, except for a couple of countries that seem to go nowhere.  Vietnam and Bangladesh are the two nothingburgers right now.
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Asian Paper Money / Re: New Burma
« Last post by Paxbrit on November 20, 2017, 09:07:32 AM »
Yeah, they were classic Junta notes for a while.  Happy peasants at work on one side of the note, and the local Pol Pot on the other.

Some of the ComBloc notes of the early 50's were like that, the smiling proletarians with their shiny tractors vs. the marching jackboots on the other face.
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Paper Money Collecting / Re: The Collection Grows, and Shrinks.
« Last post by Proteus on November 19, 2017, 08:14:13 PM »
Personally I am still chasing the dream of owning 10% of all regular issue notes (excluding specimens, collectors series, etc).  That having been said, I will soon be passing the 4000 banknote mark.  At some point, when I have the time, I will have to check the database to see how many regular issue banknotes are actually listed on the site.  I'm guessing slightly below the 50,000 mark, so I figure I've got at least 2-3 more years to go before I get there.

That having been said, I have been purchasing fewer but more expensive notes recently.  It is a good investment practice, but not so good for my personal goal.

The day when I go through my collection and sell off a large portion of it is quite a ways ahead, I think.  If I was to do this now my returns would be minimal, and that is assuming that I would have the time to pull it off at all.  I guess I'm in it for "the long term."  I think my "cull" might be about a decade from now.
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Asian Paper Money / Re: New Burma
« Last post by Proteus on November 19, 2017, 08:09:10 PM »
These new notes certainly beat their old ones -- which featured military portraits.  The region has such unique culture, it is nice to be seeing some of it on the notes.
10
Paper Money Collecting / The Collection Grows, and Shrinks.
« Last post by Paxbrit on November 18, 2017, 02:54:18 PM »
Last year at this time, I was hard pressed to reach 3,000 notes in the collection by the end of 2016.  Certainly took a bit of doing, but managed to increase the collection to 3,350 notes this year.  Sure is a lot more expensive, though, the first 1000 notes cost less than 3 bucks a pop, can't say that anymore!  At 10% growth in size per year, won't take long to reach 5,000 notes.  Looking at appreciation values, however, tells a different story, one of the benefits of a collection spreadsheet that totals by value and looks at appreciation rates for each note.

Looks like time to cull some cheap stuff out, sell it and buy something else, and put the money to work appreciating with a few better quality notes.  Seems like most of the sub-$5 notes are going nowhere in value.  Cheap once, cheap twice, as the saying goes.

Looks like about 90% of my South America can go down the road, same with Bangladesh and Vietnam.  I'll keep what I like, but most of it needs to go and the value transferred to notes that can be put to better use.  Hard decisions coming up, but it seems reasonable to me.  Can't see much point in keeping Brazilian inflation notes I've had for over 30 years that are still worth less than a dollar.

Europe, Asia, Africa, and North America have some cheap issues, but I like them too much. 
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