On 30 Jan, 14:25, Gronkić wrote:
hi everybody, i'm a coin collector, but since 1 year i started collecting
some banknotes.
now my question is
how come so many dealers ( and many asians ) are selling hundred of
fresh-crisp banknotes (like printed yesterday)
where do they get 100 Lots of fresh 1/2/5 German Marks of 1918/1922 or for
example the 1/2/5/10 Austrian Kronen(spelling)
I can't comment on these particular notes, but many old notes never
entered circulation for reasons of hyperinflation, currency changes
and so on.
Some of the most common notes in the world are the Indonesia notes of
1964 of 1 - 50 sen. These never entered in circulation because the
proposed 1000 to 1 revaluation of the rupiah was in effect more like
10 to 1. So of the millions of notes printed, none were needed for
circulation. It is therefore very common to find bulk lots like this
one for sale:
http://cgi.ebay.co.uk/ws/eBayISAPI.d...m=220347899472
There are about 10,000 notes there by my estimation, all brand new,
that's under 1 cent each.
There are plenty of examples of old notes being sold off to dealers.
If a cache of unused 1922 German Marks were to be found in a
warehouse, the owners would sell it to a dealer.
It's possible for the price of rare notes to fall as a result of this
kind of discovery. But it's not inherently suspicious if a certain
note was known to have been printed in large number in a
hyperinflationary environment to find large numbers of notes
available. As a result, the Japanese Invasion money ('banana money')
used in many Asian countries during WW2 is generally very cheap
whereas the pre-war notes which are generally very expensive.
we have many fake circulation notes today, and the police of every country
hunting them and the makers, why couldn't they just start printing OLD notes
where every state would investigate less ?
It's still criminal in most countries. The problem is experience will
quickly teach you to spot these fakes. It's actually very hard to copy
a note convicingly. You will need to produce a printing plate, as a
simple photocopy can be distinguished in printing style under
examination. For this reason banknotes contain many patterns and areas
of high detail that are designed to be hard to copy. You also have to
consider the paper. Old paper may be very different from modern paper.
It's common for even old notes to contain special fibres or patterns
to deter copying. If you do not have the right paper you will not fool
an expert. There are numerous other factors, such as watermarks that
make it hard to copy banknotes.
+ few days ago on an italian channel (Sky) they showed Naples police
arrested a professionist of the printing, he just got pages and pages of
fresh-high wuality (metal stripes included) Currently used Algeria notes ( i
dont remember if 500 1000 or 5000 dinars, they were red, with metal stripes
and something like a bull-buffalo )
As a collector who takes the trouble to learn about your notes you are
much better equipped than shop keepers handling money in the course of
commerce. When you receive a new note you will examine it carefully
because you have bought it as a piece of art. On the other hand, fake
money only needs to fool most people for the 5 seconds they have it in
their hand before paying for something.
I bet you could distinguish those Algerian fakes from the real ones if
you had them both in hand.