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I Want Variety In My Society

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Fenntucky Mike

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The NBU released into circulation a new 1000 Hryen note dated 2023 with the signature of the current Governor of the NBU Andriy Pyshnyy. The notes were introduced into circulation on July 20th and will circulate with existing notes of the same denomination. This is the third signature-date variety and including the 2021 commemorative the fourth type overall, it will undoubtedly be assigned Pick # A128c. The 1000 Hryven banknote was first issued on October 25, 2019 in a response to a gradually falling Hryvnia and rising inflation. The new 1000 Hryven note would make it easier for business and the general public by requiring fewer low denomination bills for transactions and reduce government costs associated to the production of those lower denomination notes. The release also coincided with the introduction of 1,2,5 & 10 Hryvnia coins and the halting of production of notes of the same denominations, the lower denomination notes are still used in everyday commerce and are slowly being withdrawn as they come into banks and other institutions. 

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The 1000 Hryven banknotes were/are the topic of some discussion in regard to a stolen adobe font being used for some of the text. A topic that has yet to go away, and that the NBU denies. I've written about it previously in my Journal. No changes have been made to the fonts currently in-use on the banknotes.

A 1000 Hryven note (Pick #24, pictured below) was issued 101 years prior by the fledgling government of a newly formed Ukrainian State in 1918, near the end of WWI and the beginning of the Russian Revolution. In 1918 there was also a 2000 Hryven banknote issued, cold similar large denomination banknotes be in Ukraine’s future? Although the current 1000 Hryven banknote was issued prior to the Russian invasion circumstances now could force the NBU to issue new higher denomination banknotes, mirroring previous history during similar situations. The Hryvnia was equal to .040 dollars when the current 1000 Hryven banknotes were first issued in 2019, it is currently sitting at .027. The NBU has given no indication that larger denominations are in the works, but one can't help but wonder.  

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There were also 3.6% interest 1000 Hryven bonds that circulated as money in 1918 and are considered notes. The central portion with or without coupons attached is considered a note, P# 15, as well as the coupons themselves if cut from the original, P# 20. Bonds with all eight coupons attached are extremely rare.

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Sounds like interesting developments with the Ukraine currency - anyone taking bets on the first Million Hyrven note? xD

There are lots of Latin American notes of the same period with coupons attached or, as in the Brazilian example below - covering the entire back of the note!

They seem to have been very literal when naming many private banks e.g. the State or City, the major shareholder or the reason for establishing the bank in the first place, as a result I love it that this note was issued by the Coffee Bank :roflmao:

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On 8/4/2023 at 5:46 PM, ColonialCoinsUK said:

Sounds like interesting developments with the Ukraine currency - anyone taking bets on the first Million Hyrven note? xD

There are lots of Latin American notes of the same period with coupons attached or, as in the Brazilian example below - covering the entire back of the note!

They seem to have been very literal when naming many private banks e.g. the State or City, the major shareholder or the reason for establishing the bank in the first place, as a result I love it that this note was issued by the Coffee Bank :roflmao:

Interesting note, reminds me of some of the U.S. depression scrip issued by local cities. Did they punch each square, stamp, place a sticker when redeemed?

I have recently picked up some modern Mexican notes over the last month, but I haven't had the opportunity to post them yet. More later... :ph34r:

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On 8/5/2023 at 11:14 PM, Fenntucky Mike said:

Interesting note, reminds me of some of the U.S. depression scrip issued by local cities. Did they punch each square, stamp, place a sticker when redeemed?

I have recently picked up some modern Mexican notes over the last month, but I haven't had the opportunity to post them yet. More later... :ph34r:

They appear to have been stamped, or initialled/dated, as they were redeemed, I expect punch holes would have made the note increasing fragile over time. Having just ordered more self-adhesive printer labels I hadn't considered stickers - a quick google search suggests 1932 was the start point for such things - they could glue things like stamps though.hm

Some of my modern Mexican notes have security features which means that they will not scan :( . It would good to see what has made it into your collection and whether you have had to deal with this and how??:bigsmile:

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On 8/6/2023 at 3:29 AM, ColonialCoinsUK said:

They appear to have been stamped, or initialled/dated, as they were redeemed, I expect punch holes would have made the note increasing fragile over time. Having just ordered more self-adhesive printer labels I hadn't considered stickers - a quick google search suggests 1932 was the start point for such things - they could glue things like stamps though.hm

Here is an example of U.S. depression scrip from my collection and why "stickers" came to mind as an option, I don't know if the stamps were, gummed (lick-it-and-stick-it), self-adhesive, or if they were glued on, but this example being issued after 1932 ('33) seems to fall in line with '32 as being a starting point for their use. I would assume they were gummed, similar to a postage stamp, as that technology has been in use prior to 1932.

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Edited by Fenntucky Mike
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On 8/6/2023 at 3:29 AM, ColonialCoinsUK said:

Some of my modern Mexican notes have security features which means that they will not scan :( . It would good to see what has made it into your collection and whether you have had to deal with this and how??:bigsmile:

Yes, my scanner became quite ill when I tried to scan the 2021, 50 pesos note. :sick:  Oddly enough it did not have any issues with the 2020, 100 pesos note. (shrug)

When the scanner fails me I take the best image I can get of the note using my camera, but more often than not the sellers images are superior and I go with those. I haven't research a way around the anti-scanning features yet.

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The biggest addition to my very small collection of Mexican notes is this 1950, 5 pesos uniface proof of the face. I always wanted a 5 pesos "gypsy' note, and although they are readily available for little money I wanted something with impact, a story to tell, and I've been dragging my feet for several years on picking up an example. I came across this piece and it was love at first sight, but I held my ground and bartered a little with the seller and got the price down to a level where I just couldn't pass this up. Maybe one day I'll come across a back proof but the face is the more desirable side IMO, I'm not at all disappointed that I don't have a pair and I love this note!

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This note was surprisingly difficult to scan and this image is the best I could do so far. For some reason the scan has been creating a "washout" effect, wiping out some of the detail in the note and paper like the plate impressions, alignment marks and annotations. :pullhair: Needless to say, it is more impressive in person. 

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On 8/6/2023 at 1:29 PM, Fenntucky Mike said:

Here is an example of U.S. depression scrip from my collection and why "stickers" came to mind as an option, I don't know if the stamps were, gummed (lick-it-and-stick-it), self-adhesive, or if they were glued on, but this example being issued after 1932 ('33) seems to fall in line with '32 as being a starting point for their use. I would assume they were gummed, similar to a postage stamp, as that technology has been in use prior to 1932.

Very impressive example -  by far the most 'stamps' I have ever seen!

I wonder how PMG would grade that and do you get bonus points for each stamp xD

On 8/6/2023 at 1:53 PM, Fenntucky Mike said:

The biggest addition to my very small collection of Mexican notes is this 1950, 5 pesos uniface proof of the face. I always wanted a 5 pesos "gypsy' note, and although they are readily available for little money I wanted something with impact, a story to tell, and I've been dragging my feet for several years on picking up an example. I came across this piece and it was love at first sight, but I held my ground and bartered a little with the seller and got the price down to a level where I just couldn't pass this up. Maybe one day I'll come across a back proof but the face is the more desirable side IMO, I'm not at all disappointed that I don't have a pair and I love this note!

Amazing proof - beautiful image of Gloria Faure, who wasn't even Mexican! If you haven't already seen it, a Coinweek article from 2014:-

https://coinweek.com/mexican-banknotes-two-mexican-women-lady-reputation-beauty-queen

I am still amazed that trying to collect all the Series and dates for these Mexican issues is popular. :whatthe: As you have the front proof for Series CA p34l/M4637Ad you probably have one that most people are not even aware of - it will need a big holder :roflmao:. From the many millions that were printed it looks like I don't even have a single example, I think everyone should have at least a basic denomination set so that is something else to add to the 'to-do-list' :bigsmile:

On 8/6/2023 at 1:39 PM, Fenntucky Mike said:

Yes, my scanner became quite ill when I tried to scan the 2021, 50 pesos note. :sick:  Oddly enough it did not have any issues with the 2020, 100 pesos note. (shrug)

When the scanner fails me I take the best image I can get of the note using my camera, but more often than not the sellers images are superior and I go with those. I haven't research a way around the anti-scanning features yet.

I do have a number of the most recent issues - some of which scan and some don't but then I seem to be missing an example of the 2020 100 pesos note so I have to resort to taking a picture with my phone!

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