It's been a while since I've last talked about the hammer prices of Ukrainian banknotes, and coins for that matter, both continue to command strong prices at auction. This is due to many factors no doubt, such as inflation, individuals still high on the hog with Covid money or generating additional income due to Covid, the war in Ukraine generating interest and sympathy, along with a collector base/demand in general that has been slowly growing, even prior to any of the previous factors already
A Feature Photo/album/album cover art work to get everyone in the Holiday mood.
I was scouring the world for Ukrainian banknotes the other day and one auction, at a major overseas auction house located in Prague, had 39 PCGS graded Ukrainian banknotes! I've come across PCGS graded Ukrainian banknotes many times, so it's not like it's unusual to see them but typically PMG graded notes out number PCGS graded notes BY A LOT! A quick search of ebay lists 217 PMG graded notes and 21 PCGS grad
Well, the trend of getting crushed at auction has continued in earnest this last week with major disappointments, for me, on several fronts. First there was a Ukraine P1b (inverted back, which is the normal orientation for this note. Pick 1a, standard orientation, is the much rarer/harder to find note for this issue.) with a preauction estimate of $400 - $500, it is a lovely note in the old PMG Gen 2 holder with the blue-green tint, I already had a graded example of this note but at a lower grad
Back at the auction frontlines.... I'm still striking out, but there were a few interesting occurrences and a high end note that sold.
In late September/early October a Ukraine P50 was listed at HA, I believe the preauction estimate was $1,500 - $2,000. I wasn't seriously bidding on this and placed a midrange preauction bid, when the day of the auction arrived I had been out bid by $700 and sat and watched the note sell for $4,320 with BP! I was never a contender on this one. I wasn't sur