Revenant

9 minutes ago, David_Grand said:

Are we only supposed to talk about grading notes on this site?  If so, that is fine.

The OP - not you, which makes your post seem odd - explicitly asked about getting that note graded...

On 5/29/2021 at 2:28 PM, BHTimeless said:

I was recently talking to a friend and he said I should get it graded and see if it's actually worth anything. It's super cool, and went the unopened back from the BEP to a paper money envelope to a case, so it is truly uncirculated. Just wondering what it might be worth!

So are you actually looking to sell it? If you want to sell it you might come out ahead as Mike says but you might not. A lot will depend on the grade. If you don't want to sell it, the question becomes, do you want it graded? To protect / preserve it or for any other reason.

Bear in mind, just because it is uncirculated doesn't necessarily mean it's going to come back as a 70EPQ, or 68, or a 67.

On 5/29/2021 at 4:09 PM, Fenntucky Mike said:

Is it worth grading?  I'm on the fence. You could probably get between $20 - $50 for it as is, if you submit it will cost around $40 to have it graded (you also have to get a paid membership, I don't remember what the basic plan costs. Probably another $40.) and depending on the grade you might get $100 - $300 maybe. If you're not sure of the grade and don't know anyone who is familiar with banknotes, I'd probably keep it or sell it as is. If you do a little research and see if it's from a low production run, has an unusual plate paring, etc. then that might tip the scales in favor of grading. 

He'd have to pay $25 for the membership, $10 fee for each submission form, $20 to grade a modern note (maybe more for attribution of the fancy serial number), PMG is going to charge him a minimum of $23 to ship something back, he's going to have to pay something to ship it to them. So he'd have to be out at least $80 to get that graded. If he was grading some other things with it to spread out the costs of the shipping to and from and the cost of the membership it would be better, but I'd have a hard time justifying it for that alone.

Shipping anything with a tracking number is probably going to cost you at least $4. Shipping all 15 of the notes I shipped to PMG recently cost me $11.40. Return shipping will run about $27. So that's about $2-3 in shipping there and back for 15 notes vs $27 to ship one thing there and back... the economics of this (shipping in particular) naturally favors submitting lots / as much as possible at a time. And that's before you even get into bulk grading discounts and elite tier memberships.

2 hours ago, Fenntucky Mike said:

You're killing me! 

I suspect you'll live.

You picked a fun theme. If I recall correctly, the hideous thing - for you - is the art on the P-72 isn't reused on any other 3rd dollar notes - it's very special in that way. So you can't switch to a different note like the 10 and the 5 Billion.

6 hours ago, Fenntucky Mike said:

People like to collect and they will continue to collect notes and coins for decades to come. I just can't see the collector base shrinking in size, it will continue to grow, but a loss of market share can and probably will happen at the same time. Low grade and common notes will remain low, high grade and rarities will climb. I just have a hard time envisioning much will change overtime other than the prices due to inflation or a gradual increase in value. Teleport me 50 years into the future and there will still be a bunch of >40 year old individuals bidding on banknotes.

We (people) like to assume that the future will be a logical continuation of the present and recent past. In some ways it often is. But I think the bit about "low grade and common notes" is important here, because the vast majority of the notes that most of us have are either low grade or common. Yeah. I think rare old Education series notes may go up in value over time - maybe even adjusted for inflation - but I still laugh at some of the marketing spin that some dealers still try to put on Zimbabwean Notes and other notes that have never and will never be rare. Except, of course, for the P-72!  

On 3/18/2021 at 7:23 AM, Fenntucky Mike said:

It is a great time to collect, as populations grow so does the collector base. As society slowly transitions to cashless, notes will become more sought after by collectors and the average age of serious collectors will still be around 45-50. I think.

Many barely use cash now. I'm not sure new generations will continue to have interest in this as it all becomes historical novelties with no relevance to them.

4 hours ago, Jennifer F. said:

Hello, you are not charged a fee for notes that don't have a catalog number, such as these.  You are only charged the $5 fee when they are in our main reference books but not provided on the form.  In this case, when you are completing the online form, you can just type N/A in that field.  

Thanks!

Outstanding! Thank you again for a very quick response!

On 5/18/2021 at 7:56 AM, Jennifer F. said:

Of course, our graders will have to see it in person before we can say 100% but they do believe we can grade it.

When you don't list a catalogue number the system charges a $5 attribution fee per note. Is there anything I can do or enter so the system doesn't charge this fee? or do I just need to accept the change for attribution? Because I'm pretty sure these things don't have catalogue numbers - they aren't really currency, even though they were used as a kind of pseudo currency in 2008.

5 hours ago, Jennifer F. said:

Good morning,

It looks like the note you have labeled as 23e is incorrectly labeled.  The difference between 23e and 23f would be the redemption date.  For 23e it should be December 31, 2004 and for 23f it should be December 31, 2005.  Since they both list 12-31-05 they both should be 23f.  You can send the incorrect note back and we will fix that for you at no charge.  Just send us over an email with this information and we can send you instructions on how to send that back for correction.

Thanks!

Okay, thank you! I'll chase that up soon. At least I know to not bid on that other one.  I mean, I guess technically the grade is a point higher but I'm just not willing to prioritize something over that.  

I have a note labeled 23e and there's a note I was considering trying to buy that's labeled as a 23f but I cant see a difference between them in terms of the labels, the dates... it seems like they should be the same pick number. Are these actually different or did they change the catalogue?

I don't know if all the mail is handled together / by the same people but I do know that NGC has having a lot of mail and a significant (~2-3 week) lag between when a box is received and when it is opened.

I have recently sent in some notes and the new tool confirms that you do have the box in your possession now (thanks for that nice tool btw - really takes some stress off the wait to see it pop up in the system).

Now I'm just wondering how long it might be before you open it and it is formally in the system.

8 hours ago, Jennifer F. said:

Good morning,

I checked with our research department and while we haven't graded this specific type of coupon before, we have done similar items so they do believe we can grade this as well.  Of course, our graders will have to see it in person before we can say 100% but they do believe we can grade it.

Thanks!

Okay. Thanks! I'll probably send some in in a month or so!

I'm looking into getting some gas ration coupons from the Zimbabwean hyperinflation period.

I'd like to get a few of them graded / put in holders soon to add them to my Zimbabwe signature set, but I don't know for sure if this is something PMG would be willing to authenticate and encapsulate.

I'm hopeful because they are RBZ issues and the have the RBZ seal and they have serial numbers, but I'm not really wanting to pay to mail them in and looked at just to have them sent back. If that's going to be the case I'd rather just have a spare cert# from another note be used to fill a gap and talk about them in the signature set.

On 5/4/2021 at 8:20 AM, 2IDMP said:

Does anyone know what the procedure is to file a claim with the United States Post Office? I've never had to initiate a claim but often wonder when I buy insurance from the USPS what they would require from me if I had to submit a claim on a lost package.

Would they want a receipt for what I paid for the lost item or items?

Would they want pictures, serial numbers, proof of condition or grade?

Would they want an estimate of value from a 3rd party appraiser? 

Just wondering if anyone has had the misfortune of experiencing the procedure and how it is handled.

 

No, I haven't had to file claim, but just send it registered and declare a high value and they are very unlikely to lose it, honestly.

So... I'm confused... what is this app going to do?

The.problem with scanning / messing with images of money is governments don't generally like it. I've had to resort to mostly using MS Paint of all things to crop my scans I make for the registry here because Adobe Photoshop recognizes images of banknotes, flips its lid and auto-closes on me almost every freaking time.

If you try to release an app with high resolution banknote images or if you're distributing such you might even have legal troubles from it. I wouldn't think it worth the risk.

I'm 34. So a bit on the younger side compared to many on these boards I guess.

I don't think I'd recommend note or coin collecting as an investment and I don't think I'd buy in hopes of recovering value or making a profit later.

I built my Zimbabwe set - which is the lions share of my note collection - knowing pretty much the whole time that I'd be very unlikely to get my money back or make a profit because interest in those has mostly trended down as we get further from the hyperinflation and prices have come down big time in the last few years. The recent release.of a new series has sparked new life and interest but I remain convinced that the long term trend for everything in that set other than maybe the 100 Trillion note is down (not that it has much further to go now, they're down so much lol).

On 12/27/2020 at 5:13 PM, Fenntucky Mike said:

Lookout @Bonezdogg here I come, sorry @Revenant but there is a new head of the table. 

I'll get to that eventually...  My 1 Billion and 10 Billion notes are on a short list of high priority / high likelihood upgrades but I'm just finding myself in no rush in general with Zimbabwe right now. I'm actually doing some things with my wife that have me getting much more into my other love at the moment - photography.

This came in the mail today but I'm not going to get it out and enter it until tomorrow. I'm using the seller's pic to support my laziness.

5 hours ago, Ali E. said:

Hello, Revenant, and thank you for the requests. Our team will add this to the queue of requests for the new year. 

Thanks again, Ali!

Fortunately (for me) I'm more looking to the future and what I expect my "next steps" for 2021 to be so I don't expect I'll even "feel" the freeze. I think I was only 3 months ahead of myself when I asked for the Soberano set in the first place.  

After we get past 12/4, would it be possible to add slots for P-101 through P-111 to this category:

Venezuela, 1940-Date, P31-Date, Complete

https://notes.www.collectors-society.com/registry/notes/public_sets.aspx?CategoryID=1235&SetTypeID=9550

Would it also be possible to add slots for the 2019 issues (P-109 to P-111, 10,000 BsS to 50,000 BsS) to the Soberano set category:

Banco Central de Venezuela, 2018 Issue, P101-P108

https://notes.www.collectors-society.com/registry/notes/public_sets.aspx?CategoryID=1235&SetTypeID=10493&sets=all

Given that the 2019 Issues are still BsS notes, and given that there's only 3 of them, I think it would make more sense to add them onto the 2018 Issue set and make it a 2018-2019 set than to make a new category.

Well, I'm very late to this party, but, I can't give you three people posting but I can give you a bunch of notes. Part of the fun of the Zimbabwe collection from P-1 to P-104 is watching how some denominations compare across series and with time.

5 hours ago, Fenntucky Mike said:

Cool notes everyone.

Are both of those the green tinted holders?

They both seem to have the lower transmittance that is the hallmark (IMO) of the old gen, green tint holders...

Not sample holders, but the following two images were made at basically the same time using the same imaging method (cheap scanner) and the old gen holder image is just so much darker.

39 minutes ago, ddr70 said:

I'll redouble my efforts :-)  What happens with 5 likes?  Do you get a badge?  Like a steamin' pile o' sheckels?  

Anybody know how many PMG note holder types that PMG has used in the past 15 years?  I just know of 2--the current holder and the one before that one.

I think they called the new one a gen-4 holder.

There are certainly people that collect holders - for PMG and NGC - but they're a very small niche thing / group. Most people care about what's in the holder. A few others like me sometimes get a little type-A about wanting all the holders on coins / notes in a set to match or closely match. Even there though, for me, I only care if that set / collection is very important to me / one of my main sets / projects.

3 hours ago, Ali E. said:

Hello, Revenant.

Thank you for the requests. We will add this to our queue to review and get back to you as soon as a decision has been made. 

Thank you, Ali!