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Revenant
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Posts
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Journal Comments posted by Revenant
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1 hour ago, Fenntucky Mike said:
Makes sense, very strange to have three VERY similar designs of different denominations circulating. At least they changed up the portraits for the Soberano's, well except for the dude with the glasses.
I'm doing some looking into it.
-The series, released in 2007, consisted of just the first six notes (2 Bolivares Fuerte to 100 Bolivares Fuerte, P-88 to P-93).
- The economy and the currency collapsed in 2016
- In December of 2016 they pulled all of the first 6 notes from circulation and replaced them with the new sequence of six notes (P-94 to P-99) - So P-88 and P-93 were not supposed to circulate at the same time / in tandem with P-94 to P-99.
- The currency kept collapsing and the new 100,000 Bolivares Fuerte note was announced in Nov 2017, just three years ago and less than year after the new sequence.
- The Bolivar Soberano was announced in August 2018.
- New, higher denomination Soberanos (P-109 to P-111 I think) came out in 2019.
I think there's enough visual difference between the P-99 and the P-100 for people to not confuse them with each other - especially with the lack of zeros. I would have been more worried about the P-93 and the P-100 but the P-93 were gone by the time the P-100 hit..
Edited to add: I had been putting my descriptions with information on the person and the animal on the back on both sets of 6 / all the notes for now, but my original plan and what I want to do eventually is to have the first six notes talk about the historical figures and animals in the design and have the last 7 talk about the history of the series and the historical context, maybe taking some information out of the set description text and moving it into the note descriptions. I'd like for this Venezuela set to be more like my Zimbabwe set ultimately, just smaller and less intimidating.
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2 hours ago, Fenntucky Mike said:
I wonder how the locals felt about it or if there was much confusion on the ground, the color schemes are very different so it was probably not that bad. Probably stumped a few tourists/visitors though.
I'm sure! It probably still confused the locals based on how much confusion the US had with the golden dollars and the SBAs vs the quarter.
I need to do research to see of this is actually the case but the P-100 feels and looks very much tacked-on as an afterthought. You have 2, distinct six-note sub-sets that repeat the same portraits and designs and then you get Simon Bolivar again with a "100" note that is almost a dead ringer for the old P-93 100 Bolivar note.
I suspect the P-100 was introduced as a throw-away, short-term stop-gap solution when they already knew the 2nd redenomination and the new Soberano series would be coming.
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5 minutes ago, Fenntucky Mike said:
I don't know, I kinda like the reverse of the P100 better, to much red saturation for me on the 99, the obverse could do with out all that shadowing around the portrait. Regardless, very cool looking notes.
In terms of color and overall look the P-100 is much better than the P-99, but the decision to not put "100,000" and print all five zeros comes off as pure, grade-A, laziness in basically re-printing the P-93 while adding "Mil" in a couple places. They should have printed the zeros. They had to add "Mil," adding the zeros wouldn't have been much more. Not putting them on is just inconsistent and confusing. It drove me nuts when trying to shop for P-100s.
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2 hours ago, Fenntucky Mike said:Update:
Sold for 1,700 pounds, plus 20% juice, plus 5% tax. 500 pounds above high estimate.
Wow....
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Yeah... But then I do periodically kick myself for not fighting a little harder for that P-77 and that P-3... Not really... but also kinda yes. It is so annoying when you are 1 note away from finishing a major block... No matter how expensive it is.
Too bad that one got away from you - but buyers' remorse only gets worse over time. ALWAYS.
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27 minutes ago, Sheik Sheck said:REVENANT!!! In case you didn't see this article.
https://americanhistory.si.edu/blog/hyperinflation-france-zimbabwe
Hmmm... Interesting. No I hadn't seem that, thank you! But the accuracy of their assertion depends in some respects on how you define hyperinflation. Some consider the debasement of the Denarius in 3rd century Rome and the effects it had on the value of the Denarius in trade to have been a hyperinflation. Some others might also include the devaluation of the Continental Currency and the expression "Not worth a continental," to have been an example. The continental currency didn't beat the French event by much chronologically but its there.
Funny note but, while, so far, it hasn't met certain technical definitions of hyperinflation, I think the new ZWD from 2019 is currently experiencing a new, 2nd Zimbabwean hyperinflation and that it's all but officially dead.
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16 minutes ago, Sheik Sheck said:
I think what Revenant is trying to say is...We Rule NBN's!!
Seems fairly accurate to me.
36 minutes ago, ddr70 said:So there's 100 other LSNBN sets besides the top 2 owners competing sets--that's 4 times more than Disney dollar sets
Yeah. You still have more sets, but the 4 to one would only hold if you two were the only ones with multiple sets and you aren't. Akadata has 8 LSNBN sets for example.
I'm not really trying to make any point other than, if you look at user base as a gauge of interest, it isn't quite as skewed as you imply. Even then, I don't actually think the expected number of participants has anything to do with what categories get created. Rather, someone asks for them, and, if PMG feels like it, thinks they can reasonably implement it, and think it fits in with some scheme or vision they have for how they want this place to run, they do it.
On the NGC side, one you get asked for a lot is Civil War Tokens. Lots of interest. Lots of people ask for it and would love it. It is darn hard to implement with a competitive set, so there are none and people make signature sets instead.
41 minutes ago, ddr70 said:Zibabwe has 14 different sets, so over twice as many sets as NBN sets.
If you look at the top 3 in these 14 Zimbabwe sets, 8 are you.Very true. There are a lot of areas in the registry where you have one or two dominant users. Funny thing is, I think two of those categories are completely unnecessary - arguably 3. I only compete in them because they're there.
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I think it is unfortunate that there are so many empty categories for Disney dollars, but I think you're skewing things a bit by counting sets instead of counting users. Yes, there are 176 sets for Large NBNs, but something like ~48 of those are just you - You alone own 27.3% of the LSNBN sets if I'm seeing this right. Another large chunk of that is Sheik (26 sets, 14.8%). The two of you together own 42% of the NBN Registry Sets There are 141 Small NBN sets, but 14 of those are just you and 9 are Sheik sets.
Those 25 registered Disney Dollar sets represent 22-23 unique users. So, if you count users and not sets, this is less skewed than it sounds from your post.
Although, now that you mention it, my wife would probably enjoy me branching out into Disney Dollars. She loves Disney World and Disney Cruises.
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1 hour ago, Fenntucky Mike said:How do you get caught in a country as corrupt as Zimbabwe when your a relative of the man in charge. Did she walk through the one terminal/scanner that wasn't on Mnangagwa's payroll?
In my mind I'm imagining the gold bars bursting from the bottom of the handbag and falling to the floor for all the airport to see and hear. Then, sheepishly, she tires to calmly pick them up and place them back in the handbag, by that time everyone is gathered around cell phones out video taping the whole thing. Finally, the guard is like "Ok, that's enough. Let's go.".
I mean... it was a lot of bars but they must have been small. Article says 6 kg. That's only about 13 lbs. That'll make a heavy bag but it's not enough to break most bags unless you're carrying it around in a plastic shopping bag. I would hope / think someone carrying around $300,000 in gold would be able to buy a bag with good stitching and strong material.
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On 10/25/2020 at 11:00 AM, Fenntucky Mike said:
Maybe, if it is still there in a few weeks. I went a little crazy with my mad money this last week, need to build it back up.
Maybe the President of Zimbabwe can help you out. Talk about bad headlines:
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On 10/22/2020 at 6:04 AM, Fenntucky Mike said:
I might have thought about it a little more if I did see it, I don't think I would have bid on it. Guess we'll never know.
Side note but I think there's a 65EPQ P-1D going for $40 on eBay. It's *only* a Gem Uncirc note but it's a P-1D - still one of the highest point getting 1st dollar notes - for $40 if you want to start down that road to a 1st series set.
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2 hours ago, Fenntucky Mike said:
I was paying attention to that note, same thing, I couldn't justify it to myself at $190 (not even close). I did not see it get relisted for an auction starting at $100, I might have thought about it a little more if I did see it, I don't think I would have bid on it. Guess we'll never know.
The P-1d was the note that single handedly knocked me out of the #1 spot in the 1st dollar category when someone else added a 66 EPQ to a set a while back. So it has been on my radar for a while as it is hard to compete in that category without having these scarcer varieties and I increasingly take pride in the overall strength of that variety set.
2 hours ago, Fenntucky Mike said:How far do you think you'll take your collection, specifically, will you or do you look for replacements and/or specimens? I haven't looked around but how readily available are Zimbabwe specimens?
I already have several replacement notes and there are a few cases where I have a replacement and a normal note. I could easily see that expanding with time. I've often thought a full replacement set of 3rd dollar notes could be fun but it would be expensive. Replacement notes for the 100 Trillion tend to have moon-money asking prices. I have seen Specimens but I don't see that happening as when they come up people like to slap $2,000-3,000 price tags on them and I nope out on that.
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52 minutes ago, Fenntucky Mike said:
The only question now is how low will it go.
I'd say you'll be looking at $300-500 before someone pops on it. I think the first one only got $1100 because two people thought it was the only one.
I've seen plenty of scarcer 1st series notes go for $110-130 in eBay auctions so dropping that for the P-1d seemed reasonable enough - especially in a very high grade. But these P-70s are crazy to me.
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On 10/19/2020 at 4:55 PM, Fenntucky Mike said:
That is too funny!
Sounds like you had/are having a good day, being around family and everyone's happy and well, that's the best. Getting a funny story out of it, well that's the icing on the cake.
The note is pretty cool and a really good gift to boot.
Congrats.
Did you see that the $5 70 EPQ is on sale as a BIN for $1000, but on sale this last week for just $950????
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Forgot to say this earlier but, while I don't have it yet, I think the new $20 falls short of the P-4 design its copying, particularly with how the elephant on the back is done.
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My Zimbabwe set has definitely balanced higher grades vs getting more notes at still very good grades leading to a more complete and IMO better overall set.
Part of the reason it took me so long to pull the trigger on the P-1D even though I really wanted it was even for $100 I knew I could fill more holes in my set and I though getting things like the P-15 would do FAR more for my overall set than having the 4th and final P-1 variety.
So I know your pain. When the time is right to get that one I think you'll know. I waited on the P-1D and I'm happy.
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On 10/16/2020 at 10:55 AM, Fenntucky Mike said:
Lol, all in good fun my friend. I'll be waiting...
Oh totally, but I think you will be waiting unless I surprise myself because upgrading that set isn't my highest priority even for note collecting right now
One of my uncles once got a box with a brick. Under the brick was a new wallet with a $50 bill. I once got the box to an alarm clock. It was stuffed with paper and had a $50 gift card inside it. So we do stuff like this. I once had Ben show up on mother's day with a shirt that said, "Happy mother's day. I'm your present. Dad says you're welcome." 😆
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Mkay... I'll make plans to bust your chops about this later. Lol
I very very seriously thought about a 2019 $2 in 68 EPQ when I bought my P-1d but I'm still holding until I find out what I get from the wife on Monday.
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On 10/12/2020 at 4:19 PM, Fenntucky Mike said:
I think you're right, no takers on that $5 70EPQ at $995
I'd be feeling BIG TIME buyers remorse if I was the person who bought the first one.
Yup. That seller likes to put starting bids close to "fair value," as a way of making sure they don't lose their rear. I think the first one led them to over estimate the market value in a market where more than one exists. It's interesting that the "loser" on the first note didn't come back for the 2nd. Probably thanking their lucky stars the other person beat them.
I'll talk on this more later but I "won" the 1994 $2 P-1d in 68 EPQ Star - the highest grade example so far of the rarest P-1 type. It set me back $115 all told. I'm much happier with that than a 69 EPQ of the new $5 note or a 70 EPQ of the new $2 for 4 times as much.
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48 minutes ago, Fenntucky Mike said:
You could say that. I thought about that 69 for quite awhile, I've been watching it for at least 3 weeks. I hated not having this set complete, all those notes popping up everyday and a pocket full of ebay bucks.... I couldn't take it any more
, I wanted to finish the set. Now that I have those holes filled, I'll probably never think about that 69 again. Well not as much anyway.
Yeah. My big.problem right now is my lack of a P-3. My 4th dollar $5 note is just a 64 EPQ because its the only one I've seen up for sale and for about $20 it was worth just not having to look at that hole.
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7 hours ago, Fenntucky Mike said:
I figured it was better just to go with a lower grade and kill two birds with one stone, in the end I'm just looking for some quality examples.
Ha! You actually thought about it? I guess the bug has bit you bad with this set!
7 hours ago, Fenntucky Mike said:Like you said the odds of these increasing in value is not good. If there were like 25 registry sets I might have been willing to take a gamble on the 69 as an investment but right now it's only you and soon to be me.
The funny thing is, we're not the only ones buying these - that much is clear, because we aren't the ones dropping $400-1100 for 70EPQs. Zimbabwe notes are also among the most posted / discussed things in the Paper Money and Currency sub-reddits and there are even whole online stores dedicated to this - like "100trillion.com." It's not that I don't think there's interest in the notes. I just think the RBZ has printed enough of them to ensure that they never have any chance of being hard to find.
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11 hours ago, Fenntucky Mike said:
I just used my eBay Bucks to get the $5 Bond note.
BTW, I'm pretty sure you bought something I was watching and considering. So this clearly means war! Later... After I'm done with other areas of focus and after I figure out what my wife bought for my birthday in 2 weeks. Lol
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33 minutes ago, Fenntucky Mike said:
I have the $2, $5 and $10 in 68 I've been waiting for a $20 but just haven't seen one in the grade I'm looking for, I was kind of waiting to get the $20 so that, BAM, I could just post them all at once. We'll see, I just used my eBay Bucks to get the $5 Bond note.
Sounds like you've been busy! If you pass me up when you do get around to posting them I'll look into giving you a hard time with it later.
😆
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So you have me somewhat curious because at this point you have to have a $2 and $10 note in your possession but you aren't listing them yet. What you up to, Mike!?! Lol
, I wanted to finish the set. Now that I have those holes filled, I'll probably never think about that 69 again. Well not as much anyway.
How does a Tyrant lose power?
in Gradually, then suddenly.
A journal by Revenant
Posted · Edited by Revenant
I can't find any. Near as I can tell, he's an editor and doesn't write many articles himself and I mostly just pull up twitter activity on him.
Hold your breath. I dare you.
You'll be waiting a bit I think - including for my $20 note to have anything really interesting to say. Things mostly seem quiet over there as the government seems to be slow / reluctant to acknowledge what most people seem to already know - this currency is dead. Now that I have representative pieces for all of those, I don't think I'm going to be in a hurry to upgrade any of it except for maybe doing something about the P-100, because that is going to continue to annoy me I suspect. I'll probably go ahead and bump it to a 68 EPQ just because I see no point in getting a 67 at this point if I have any interest in one day bringing the set up to 68 EPQ.
It wouldn't at all surprise me if you beat me on one. I feel like I've made a lot of impulsive and knee-jerk choices with that set - including that I probably could have gotten a 67 EPQ for cheaper or a 68 EPQ for about the same money if I'd just been more patient on the $10 note.
My priority this year has consistently been the first dollar set(s). At this point, I want to build back a bit of a cash reserve and wait. There are three big notes left that come up much more infrequently, randomly, and unpredictably and they tend to be more expensive when they come up. Getting the P-1d was a great win for the 1st dollar set and I'm glad to have it but I really want a P-3 and I want it bad. I want that registry set 100% complete - at least of of my 4 first dollar sets anyway.
Once I have a little bit of a war-chest saved up for getting those notes if / when they come up I'll either try to finish the Bolivares Soberanos or give some thought to upgrading some of the weaker notes in the Zimbabwe collection. Even then, some of the 65 EPQs in the 3rd dollar sets will probably be more attractive for upgrades than those 67 EPQs.