@Fenntucky Mike Congratulations on picking up some great notes and even completing a year set. Pity that some got away though, hopefully it will not be long before they appear again.

There has also been lots of Quality and rare Latin American notes recently including those appearing over the next few weeks but prices being achieved have been amazing, I have usually been outbid, sometimes massively, but I have managed to pick up a few 'common' notes though which keeps things ticking over When everything is in Dollars or Euros the low Pound doesn't go very far

On 10/8/2022 at 6:06 PM, ColonialCoinsUK said:

@Fenntucky Mike Congratulations on picking up some great notes and even completing a year set. Pity that some got away though, hopefully it will not be long before they appear again.

Thank you my friend! Patience is key, the notes that got away will come up for auction again. It's only a matter of time/timing before I acquire some of those awesome notes! 

On 10/8/2022 at 6:06 PM, ColonialCoinsUK said:

There has also been lots of Quality and rare Latin American notes recently including those appearing over the next few weeks but prices being achieved have been amazing, I have usually been outbid, sometimes massively, but I have managed to pick up a few 'common' notes though which keeps things ticking over When everything is in Dollars or Euros the low Pound doesn't go very far

I was watching the Katz auction this morning at work and there were tons of amazing notes going for BIG money. I did manage to pick of a few low end notes in that auction that I didn't post here, some notes with cancellation punch or stamp varieties that I added to my collection, a fancy number note and a forgery done to target collectors. I'll post those later. 

Do you think the strong prices realized in auctions in Europe are due to a strong Dollar, American collectors, coin people getting sick of high prices and shifting to banknotes? I've been reading a thread in a predominately U.S. note forum and they are seeing the same increases in prices across the board, especially in high dollar/rare notes. The common theme/s across most banknote chat boards are the rising prices and will they collapse and when. 

On 10/8/2022 at 11:25 PM, Fenntucky Mike said:

I was watching the Katz auction this morning at work and there were tons of amazing notes going for BIG money. I did manage to pick of a few low end notes in that auction that I didn't post here, some notes with cancellation punch or stamp varieties that I added to my collection, a fancy number note and a forgery done to target collectors. I'll post those later.

I will be watching the Katz auction tomorrow so may pick up a couple if the price is right.

On 10/8/2022 at 11:25 PM, Fenntucky Mike said:

Do you think the strong prices realized in auctions in Europe are due to a strong Dollar, American collectors, coin people getting sick of high prices and shifting to banknotes? I've been reading a thread in a predominately U.S. note forum and they are seeing the same increases in prices across the board, especially in high dollar/rare notes. The common theme/s across most banknote chat boards are the rising prices and will they collapse and when. 

The strong dollar is probably playing a part but I think the fact the market seems to have brought out rare notes that have not been seen for a long time is more critical. Graded notes also seem to be achieving a premium and many of the rare notes are being newly graded, and not just those in top grades, but across the whole range.

Given coin and medal prices seem to be still going up after quite a few years it wouldn't surprise me if notes follow this pattern - I knew that years ago I should have collected British Colonial notes alongside the coins

Those are some nice notes you managed to pickup. Like you said they will show back up again though. There have been quite a few rare Czechoslovakia notes that have sold over the past few months, some I hadn't seen sell for a few years and they have been commanding very high prices as well. I still feel like I get a deal every now and again but I don't win too many auctions I compete for, things are going for more than I expect or can afford.

I kind of go for a mix of graded notes, mostly modern notes and most of the older notes I get are upgraded that I will submit eventually 

On 10/8/2022 at 6:57 PM, ColonialCoinsUK said:

Graded notes also seem to be achieving a premium and many of the rare notes are being newly graded, and not just those in top grades, but across the whole range.

I had forgot to mention that but yes, I agree! A registry effect and perhaps a broader acceptance of graded notes in Europe? Or Americans finding graded banknotes wherever they can and European auction houses placating/acquiescing? Probably a little of both. I also think that European collectors are WAY more into varieties than U.S. collectors and TPG's think, they may not be on equal ground but the appetite for varieties is there and is not even close to being sated. 

On 10/8/2022 at 6:57 PM, ColonialCoinsUK said:

The strong dollar is probably playing a part but I think the fact the market seems to have brought out rare notes that have not been seen for a long time is more critical.

I can only wait and see if there is a crash at this point, if prices continue to rise I'm afraid that the truly rare notes will always be just out of reach. 

On 10/9/2022 at 12:17 AM, VE Coins said:

Those are some nice notes you managed to pickup. Like you said they will show back up again though. There have been quite a few rare Czechoslovakia notes that have sold over the past few months, some I hadn't seen sell for a few years and they have been commanding very high prices as well. I still feel like I get a deal every now and again but I don't win too many auctions I compete for, things are going for more than I expect or can afford.

Thanks!

I've been keeping an eye on some of those Czech notes over the past few weeks and have been drooling on my computer screen. There are some real beauties out there, hope you get to add more than a few to your collection. 

On 10/9/2022 at 12:17 AM, VE Coins said:

I kind of go for a mix of graded notes, mostly modern notes and most of the older notes I get are upgraded that I will submit eventually 

That is pretty much the strategy I go with as well. The moderns I can usually just wait and pick up what I want, in the grade I want, as they come out. Saves me the hassle and expense of trying to get a high grade modern note, it's just a better way to go if you're patient. Most of the older notes don't live in TPG holders and the ones that do are way expensive, raw is definitely the better way to go on those for the most part. Just sent off a second submission about a month ago now, just waiting for the results now. 

On 10/9/2022 at 2:05 PM, Fenntucky Mike said:

I had forgot to mention that but yes, I agree! A registry effect and perhaps a broader acceptance of graded notes in Europe? Or Americans finding graded banknotes wherever they can and European auction houses placating/acquiescing? Probably a little of both. I also think that European collectors are WAY more into varieties than U.S. collectors and TPG's think, they may not be on equal ground but the appetite for varieties is there and is not even close to being sated.

I don't think it is a Registry effect at all given the number of participants, although this may be the case for some selected modern issues, I think, like world coins, it is now normal to buy things unseen and from all over the place and grading gives a bit of comfort to the buyer in terms of the state of the note - actual identification of the note is a different matter though

I didn't get the my top picks I was after at Katz, I didn't get the 70 that I thought may be possible at a different auction either and funds I was trying to release for the upcoming sale at Heritage are delayed.

Plenty of others to choose from though and I even managed to complete a Set - all 5 notes!

UPDATE:

The 2 Karbowanez graded 53 by PMG sold for $2040 at HA yesterday. The same note was offered raw in Jan of 2021 with an opening bid of $2500, it was passed on at that time.