The [Price] Is High But I'm Holdin' On.... Still.
Entry posted by Fenntucky Mike ·
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 mentioned. As a result of all of this some fantastic notes have come out of hiding along with some collections going up for auction, and now is a fantastic time to see, bid on and sell Ukrainian banknotes. That being said, I've continued to take a beating at auctions but have also come away with some wins.
A nice 25 Karbovantsiv (37a) without serial number or prefix that went for fifty plus. I was outbid by $1 on that one.
A 25 Karbovantsiv (P2a), I went with a $150 snipe bid but got beat.
I lowballed on this one ($250), and no surprise it went for close to double my bid. Another P# B126b PMG 70 went for very near the same price prior to this one.
Threw a lowball on this on as well, again it went for more than double my bid of $2,300. A beauty, and EPQ too boot! I thought hard about being more aggressive with my bidding on this one but decided to go a different direction. Whoever got this note did well, this note is better looking than the PMG 64 notes I've seen, and EPQ to boot.
This one shocked me, I seriously considered selling my collection for about 30 seconds when I saw this result. Over $250 per, with the juice.
2021, 1000 Hryven PMG 68, went for just shy of two hundo.
I could continue with many more examples of Ukrainian notes pulling strong prices but time for the wins.
I did end up winning a P2a later. It went for more than the fist but stayed under $200 and is in much better condition.
Instead of the P37a without serial number I won a P 37a with serial number, an uncirculated note and a beauty! Around $150.
Instead of being more aggressive with the P 50 (2 Karbowanez) I decided to go for a P4 and a P5 ,uniface front, specimen and won both lots. There was very strong bidding for both lots, the total was north of 500 euros, combined, even with the back specimen not being auctioned.
Finally, I was able to pick up a 2015, 500 Hryven P# 127as. There were two specimens produced for this issue, one with SPECIMEN in English a second with SPECIMEN (ЗРАЗОК) in Ukrainian. The English version is the much tougher of the two to find, last one I saw was in 2019. The seller was asking moon money and it sat for a few weeks, I made an offer for significantly less and they accepted. Should have gone lower. Even though my offer was accepted, I was still on the high side of what this note is probably worth but when you only see a note every 4 years or so you have to make a decision. Just over $300.
How's everyone else doing at auction? Are prices still rising or have they plateaued?
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