A collecting forum. CollectingBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » CollectingBanter forum » Collecting newsgroups » Paper Money
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Hi & Question (Notes)



 
 
Thread Tools Display Modes
  #1  
Old January 30th 09, 03:25 PM posted to rec.collecting.paper-money
Gronkić
external usenet poster
 
Posts: 5
Default Hi & Question (Notes)

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)


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 ?

you may say : in those times they printed Zillions, even 10.000 could come
fresh to us
OK ok, but where were they for 60-80-100 years ?

to me there is something wrong in all those lots coming fresh today


+ 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 )

with Police ending over this with : they might help the terrorism
(extremist-islamic)

i wouldnt be suprised if some h underd of those notes ( and not only
Algerian notes ) would end on ebay



thanks


Ads
  #2  
Old January 30th 09, 04:24 PM posted to rec.collecting.paper-money
Matthew Brealey
external usenet poster
 
Posts: 42
Default Hi & Question (Notes)

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.

 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Star Notes Question Tina Coins 6 May 17th 06 12:01 AM
New to Board (Anarctica Notes Question) Shystev99 Paper Money 1 November 29th 04 09:21 PM
Last Two Notes in Bundle Question Fred Shecter Coins 0 August 12th 04 03:00 AM
Last Two Notes in Bundle Question Harvey Paper Money 5 August 12th 04 03:00 AM
Question of ethics re scanning notes TomDeLorey Paper Money 15 March 19th 04 10:07 PM


All times are GMT +1. The time now is 10:51 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 CollectingBanter.
The comments are property of their posters.