Fenntucky Mike

The main reason a modern, world, registry set in grades 68+ is a realistic goal for some sets is due to a lack of graded banknote collectors (or collectors in general) in most of those areas and larger sellers having these notes graded in bulk then selling at reasonable prices. Notes graded 68+ that I've recently picked up are in the $25-$60 dollar range. 3000 notes graded for a Country is not too shabby, that would put them in the top 100 (out of 246). While that number is indeed small in relation to the number of notes, varieties and replacements most countries have issued, it is a respectable number over all. So true!

But would a 67 to 69 upgrade in the same price range interest you? A 68 is good enough for most and is an arbitrary goal of mine when building modern sets. I've a couple 69's which I picked up in that price range, but they weren't upgrades.

Interesting! I like. It's an emoji day for me.

+22 = 2,803 20 Hryven +3 100 Hryven +3 200 Hryven +5 500 Hryven +3 1000 Hryven +3 100 Karbovantsiv +1 1,000,000 Karbovantsiv +1 1 Karbowanez +1 200 Karbowanez +1 500 Karbowanez +1

Here are some closeups of the individual numbers, that I couldn't fit in the OP. I'm really wondering if this was purple ink that turned black/brown, over the red. I'm leaning that way. And maybe the the thinner areas of 'purple' ink turned more of a red color as opposed to the thicker areas that turned/stayed darker? How difficult would it be to run the sheets through for a second overprint and get the alignment right? Now I'm second guessing myself. Were the prefix and serial numbers applied one time using purple ink that turned color, different shades depending on the amount applied to the note, and was just poorly inked on some notes?

Good question. I believe that the ex-Krause people are involved with NumisMaster and are possibly assigning Pick #'s. That's just a guess on my part, but NumisMaster does have all the images that were used in the SCWPM and descriptions word for word. Regardless, there are new Pick numbers being assigned to newly released notes and probably the most frustrating part is that there isn't a place online that updates them real time and is transparent. The Banknote Book does a much better job in assigning #'s and publishing them immediately. https://numismaster.com/pages/-10012227/paper-money

For the first time in quite a while I was able to sit down and spend some time with my collection. With temps in the low 40's yesterday, and a constant drizzle staring me in the face as I looked out the window, it wasn't a difficult decision. Even though I've not had time to sit down and enjoy my notes that doesn't mean I haven't had time to make a few additions, and I've been busy. More on that later in a future Journal entry. One of my recent purchases was another Ukrainian 1,000 karbovanstiv, P35, banknote with black ink used for the prefix and seral number. (Pictured below) The color difference of the background from front to back is due to the scanner, it was giving me some heartburn today. I won this one at auction for a really good price and this is the second one in my collection. As is typical of me, once I acquire a duplicate, I will compare the two, or three or.... and in doing so I often notice some variances, or something will catch my eye, and this time was no exception. (My first black ink serial number note below.) Upon inspection of the new note, I noticed some red ink around the prefix and seral number. It wasn't much, but I could see a few spots and kind of a red halo effect around a couple of the numbers. See Red arrows. The red ink looks kind of light brown in the above image, some of that could be due to the black, but it is definitely red when inspected in hand. I also noticed that there were some strange markings that seemed to match the number font, you can see them in the image above, most noticeably at the top of the numbers. See Blue arrows. I thought perhaps embossing but they appear to be raised. Extra ink from printing? Possibly. I'm now wonder if the overprint was done twice. Printed in red, then again in black.? Back to the first note! Well snap! Red Ink! So, what does this mean? Time to make a list of possible causes for the "black" ink. 1) A modern counterfeit/altered note? 2) A contemporary counterfeit/altered note? 3) The red ink reacted/faded and changed color (black)? 4) The black ink reacted/faded and changed color (red)? 5) Environmental conditions / improper storage? 6) A reaction to a substance or thing contacting the note and altering the color? 7) The same prefix and serial numbers were reprinted over the originals? 8) Red ink remnants after black ink was applied? 9) They ran out of red ink during printing? 10) The wrong typeset/font was used and had to be redone? 11) Printing method was changed? 12) This is actually purple ink that turned black/red? 13) Purple ink that reacted/faded and changed color (black) or darkened? 14) I'm seeing things? Well, the paper of both notes appears authentic when compared to other notes with red prefix and serial numbers. Both are printed on paper with wavy lines (Rheinwellen or wellen) watermark and have the АГ prefix as they should, if the black ink variety, per available references and my own research. Also, the print quality seems to match other notes and I placed both notes under UV and IR lighting with everything looking good there. My observations are that the red ink appears to be under the black, and that the red ink is much 'thinner' or weaker than the black, and in fact is much thinner than what is normally found on notes with red ink exclusively used on the prefixes and serial numbers. I don't believe that the font has changed, from the red to the black, and I tend to think that the same type was used as I can see red at the edges of some of the black prefixes and numbers as well as those raised areas of ink (I think) in the body of the same digits and letters. The black ink appears to have flaked off (possible due in part to the red ink below) from serial # 263394 or was insufficient or didn't adhere to the paper, in part due the red ink below. I tend to think it flaked off, when comparing the common numbers between the two notes, 2, 3, and 6, you can see what the numbers looked like fully inked and what they look like with the missing ink, in addition the edges of where the ink stops on those numbers appears jagged and in places sporadic, but I suppose that insufficient ink could appear similar. I also notice quite a bit of blue ink around some of the numbers My conclusions, based on the above observations, is that red ink was used for the first overprint application of prefix and serial numbers, then at some point the supply of red ink or application was exhausted or insufficient and it was decided (after the red ink had dried) to reapply the overprint, this time with black (maybe purple) ink as there was no more red. This narrative fits in with the supply issues at the printing facilities in Kamianets-Padilsky, after the move from Kyiv, but is far from being substantiated. The next possible scenario would be that this is some sort of contemporary counterfeit or unauthorized printing similar to the 100 Karbovantsive notes of 1917 or the Odessa, 50 Karbovantsiv notes (pictured below) printed by General Denikin of the White Russian Army using the captured clichés. The Denikin notes are identified by the serial number used, serial numbers AO 209 and lower were authorized by the Ukrainian Government, serial numbers AO 210 and higher were printed by Denikin and quickly denounced by Ukraine. Another theory is that this is not really black ink but purple that has turned, I say this based on the presence of blue ink on both notes in the areas of the prefix and serial numbers, this again would suggest these notes being printed at Kamianets-Podilsky as there was already produced a "violet" back variety at that location. While there are still other possibilities such as these notes being modern counterfeits, I need a second opinion to completely rule that out, I feel pretty good about the conclusions I've drawn so far. Next, I need to get more familiar with how the overprint was applied to these notes, as there may be more information to be gleaned there. It's worth checking out at any rate. With that being said I welcome input from other collectors. I've probably left out a possible scenario or reason the black or purple ink was applied or not or am completely off base with my thinking. Bring it on people. I'll probably send these off to PMG at some point, but first I need to see if they will even consider this a variety (black ink variety) or if there is already a Pick # assigned for it. If there is not a Pick # or if PMG won't consider the black ink as a variety, then I'll probably forgo sending them. We'll see.

68 or bust for moderns. I've been concentrating on a new set lately, , and I've been holding strong on the 68 minimum I've set. Meaning, I only buy the note if I see one graded 68. No upgrading for this set. We'll see how well I hold up when pickings get slim, I'll probably break. Meh, it wasn't a 68 anyway. You can only have so many notes with essentially the same design, I would have thought that the added zero's would have kept people interested but.. I've been noticing about a six month lag lately from when a note is released and NH has some graded examples available. It's got to be close to that timeline for the DB.

Hi Ali, I've two more. In the set 1917-Date, P1-Date, Type Set, Issued Notes P50 (2 Karbowanez) was an unissued note, I wouldn't mind if it stayed but just throwing it out there for review. P100s is currently in the Ukrainian National Bank, 1995-1998 Issue, P100-P115, Specimen, Complete set, and I would like to see if it could be moved to the Ukrainian National Bank, 1993 Issue, P92-P99, Specimen, Complete set with the other Karbovanets notes as opposed to being included with the first two Hryvnia issues. Sorry, should included these with my last post but forgot. Thanks, Mike

+5 = 2,781 20 Hryven +4 100 Karbowanez +1

A better way to think of this is that the two notes are 11 sheets away. The positions are numbered consecutively from sheet to sheet, not consecutively on the same sheet, meaning (using the serial numbers on your notes as an example) position 11 on sheet 1 was serial number 02763583, position 11 on sheet 2 would be 02763584 and so on. Below is an image of a full sheet to give you an idea of how the serial numbers are placed.

Not sure about the glyph but I tend to think that it is a stylized depiction of the man himself, probably not an actual Mayan glyph. One of my favorite video docs is "Breaking the Maya code", it's a couple of hours long but worth viewing if you're into to such things. I've probably watched it a dozen times, usually just playing in the background as I'm working or researching banknotes. You're stacking up some nice notes. This note got me searching and I really enjoyed reading about Tecun Uman, and the legend of the quetzal. Never would have known if not for this note.

+6 = 2,276 Two corrections this week. 100 Hryven -3 500 Hryven +1 1 Hryvnia +1 1,000 Karbovantsiv +2 500,000 Karbovantsiv +1 1,000,000 Karbovantsiv +1 200,000 Karbovantsiv +1 30 Shahiv -1 The Shahiv correction is a little weird, in that it is so far removed from the last increase which happened back in December. I guess we'll see what next week brings.

Yes, the BP was included in the total. HA has one of these notes, PMG 68, opening up for bidding on the 15th. I tend to think that the note on Ebay will sell for less than the Heritage note, just because of the selling platform. HA usually realizes higher sell prices. You've got some nice notes up for sale/in your ebay store, if you ever get some Ukrainian, Georgian, Yugoslavia, Czech or Lebanese notes let me know. Good Luck with the auction.

Yes, what Los Gatos said. I was checking out a few $1,000 notes and they were A's, must have gotten stuck in my head.

You need to be a paid member to self submit notes, doesn't matter which level. You can also submit through an authorized dealer, in which case you don't have to be a paid member of PMG.

Same note, same grade sold for $1,860 in Dec of 2021 at Heritage Auctions and at Stack's Bowers in Sept of 2021 for $4,080. The SB note had a couple things going for it, the auction was held in Hong Kong and the serial number was better and the HA note had a few things going against it, not the least of which there were three of these notes in the same auction. So my best guess is somewhere between those two numbers. If you go online and search for additional auction records for this note you should be able to get a better idea on price and narrow down the number.

Plate Position A

Or Three.

Or two.

I've actually had these for awhile but what the heck. How about a bofon.

Hi, Have a couple of house cleaning questions for set 1917-Date, P1-Date, Type Set, Issued Notes, Complete . In the set are slots for Picks 87A & 87B, these were unissued, perforated (SPECIMEN), color trial proofs. To the best of my knowledge. No problem with them being in the type set, but if they are to remain I would advocate for the inclusion of Picks 107As and 107Bs into the same set. My thoughts are that both sets of picks are higher denominations which would have been continuations of an existing issue/series of notes, were never in circulation, with only specimens existing, and should then be treated similarly. Whether that means they all need to be removed or all included in the set, or (if in the set) be assigned points or non-competitive slots doesn't really matter to me. Just looking for consistency in how each set of Picks is being treated. Of the two sets only the 107's have any PMG graded notes. Cert #'s 8079904-068 & 8079904-069 for 107As & 107Bs references. In the same set there appears to be duplicate slots for Pick 127, could the two be combined or one removed? The same duplication also exists in the Ukrainian National Bank, 1991-Date, Issued Notes, Complete, Including Varieties set, could the unlisted duplicate be removed? Thanks, Mike

That's pretty cool. Finding that specific serial number would be fairly rare, but the number of people who would pay a premium for it is even rarer. I think you could get a few dollars over face for it if the right collector came along. I don't collect birthday or famous date notes, but if you like it tuck it away in a top load for safe keeping. At a $1, definitely a keeper and it won't break the bank.

A circulated quarter with extensive damage, all of which happened after it left the mint.

Regular circulating dime with heavy damage and wear.