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It Seemed To Be The Only Thing Left Out In The Light. Nope.

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Fenntucky Mike

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I've said this a few times, that the Standard World Catalog of World Paper Money is a great reference, and that all collectors, especially beginners, would benefit from having a copy. That being said, it's not the be all end all of information, also something I've mentioned previously, and to that point here are a few more examples of Ukrainian notes not referenced in the SCWPM.  

In 2018 banknotes of the denominations 1 hryvnia and 2 hryven were printed. With plans already in progress to eliminate both denominations by March 1, 2020, the printing of these notes may have been needed as a stop gap until the transition to the 1 hryvnia and 2 hryven coins, but a 1 hryvnia coin has been in circulation/produced since 1992 and a 2 hryven coin since 2018. If you are going to eliminate the 1 & 2 denomination banknotes and replace them with coinage why print more notes? The coinage was already in place, along with the schedule for removal of the notes, yet more were printed. While I don't have concrete evidence of this my best guess is that these were produced for "souvenirs" to sell to the public, coinciding with the removal of these denominations. The only fault in that thought process is that no 5 & 10 hryven banknotes were produced in 2018, which were also being eliminated in early 2020.

In 2018 there were already 5 & 10 hryven coins in circulation, along with the 1 hryvnia & 2 hryven, and there was apparently no need to produce more of these notes. hm Granted that the 1 & 2 denominated notes had not been produced since 2015 & 2014 respectively, but the 5 & 10 notes hadn't been printed since 2015. I'm just having a hard time buying that the 2018 notes needed to be produced with their imminent removal from circulation on the horizon, already circulating coins, redesigns to all future denominations that were to remain in circulation for added security and rising inflation partially facilitating the removal of lower denomination notes and the introduction of a 1,000 hryven note. I'm not saying that some of these notes didn't circulate, but my thought is that their production was mainly facilitated as a means to produce added revenue from the sale of souvenirs in the form of uncut sheets and the like.

Uncut sheet of two.

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Uncut sheet of six.

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Uncut sheet of 10

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Full Sheets, 60 notes.

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These two issues are by far the most common notes to find in full or partial sheets. I mean come on there is a seller on ebay who has 200 sheets, 60 notes each, of the 2 hryven denomination for sale as one lot, that's 12,000 notes! There was one run of each the 1 & 2 hryvnia denominations produced, the prefix ЮК was used for both notes with the Smolii signature, which was not previously used on these notes, as he became acting Governor in May of 2017 after Hontareva resigned and wasn't officially elected Governor by the Central Rada until March 15, 2018. How bad did he want is signature on some banknotes? hm 

As previously mentioned, these notes are not in the SCWPM and PMG has not graded any examples of either note. I expect Pick # 116Ad to be assigned to the 1 hryvnia note and Pick # 117e to be assigned to the 2 hryven note once examples are sent to PMG. It seems that PMG is now assigning Pick #'s as notes are submitted, most likely due to the future of the SCWPM being very much up in the air. I'd be surprised if the SCWPM returns for another edition anytime soon, maybe never. There are plenty more unlisted Ukrainian notes out there, and world notes in general, so keep your eyes peeled. If you find a note that was left out don't worry, you've found something worth keeping. Maybe. lol Good luck! (thumbsu

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I'm guessing why 1 & 2 and not 5 $ 10 comes down to the cost - including the cost of the souvenirs/ Collector's items / sheets to the expected buyers and their expectations of what people would be willing to spend. I'm guessing they felt their wouldn't be enough demand for 5 and 10 products to make it worth it.

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On 11/29/2021 at 6:52 PM, Revenant said:

I'm guessing why 1 & 2 and not 5 $ 10 comes down to the cost - including the cost of the souvenirs/ Collector's items / sheets to the expected buyers and their expectations of what people would be willing to spend. I'm guessing they felt their wouldn't be enough demand for 5 and 10 products to make it worth it.

I agree, a definite factor or perhaps the main reason why 5 & 10's weren't printed. Honestly, at this point I have a feeling that the only ones that may have been in circulation were cut from uncut sheets. I've been comparing the 2018's to previous years and I haven't found definitive evidence that my 2018's were trimmed from an uncut sheet. I'm not sure I'd be able to tell regardless, if people took their time or cut them on a sheering machine similar to what printing works use. (shrug)

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