Vote for Banknote of the Year 2019!

If you are a member of the International Bank Note Society you can vote for the Banknote of the Year 2019! This year no less than 22 banknotes have been nominated. In random order:

The result of the voting will be announced at the IBNS Board Meeting in Valkenburg in April 2020. My top 3 banknotes of 2019 are:

#1 - Switzerland - 1,000 francs

#2 - Macau - 20 petacas

#3 - Samoa - 10 tala

Steven | Donderdag 27 Februari 2020 - 6:52 pm | | links | Geen reacties
Gebruikte Tags: , , ,

West African countries choose single currency: 'ECO'

Years ago I posted a link to an article called: "Currency unions in Africa" from The Economist. As it seems one of the predictions of that article will come true: CNN reports that the Economic Community of West African States (ECOWAS) has agreed to adopt a single currency, called the ECO.

The ECOWAS consists of Benin, Burkina Faso, Cabo Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Six member countries, including Nigeria, Liberia, and Ghana, could be swapping their currencies for a new one - the ECO. Eight ECOWAS countries (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo) currently jointly use the CFA franc. Originally intended to be launched in 2000, the ECO has been postponed multiple times and the newest target date is 2020.

But don't hold your breath and make room in your collection for new banknotes: the African Development Bank Group (Afdb) in a report says the 2020 deadline for the single currency will most like be postponed again unless the region can align with its monetary and fiscal policies.

Steven | Dinsdag 09 Juli 2019 - 7:11 pm | | links | Geen reacties

SCWPM publisher F+W Media files for bankruptcy

Well shit...

"The firm F + W media, a major periodical and book publisher whose titles include Numismatic News, Bank Note Reporter, and the seminal references Standard Catalog of World Coins and Standard Catalog of World Paper Money, has filed for Chapter 11 bankruptcy protection to reconcile $105.2 million in outstanding debt.

In its March 10 filing in U.S. Bankruptcy Court for the District of Delaware in Wilmington, F + W Media cites just $2.5 million in cash on hand. The company plans to remain in operation while it plans liquidation of its holdings.

Company officials cite industry decline, problematic investments and corporate mismanagement as contributing factors leading F + W into bankruptcy.

The court filing identifies an estimated 1,000 to 5,000 creditors that fill 543 pages of court documents."

Will this be the end of the Standard Catalog of World Paper Money?

Steven | Vrijdag 22 Maart 2019 - 3:40 pm | | links | Geen reacties
Gebruikte Tags: ,

Introduction to Banknotes and Banknote Collecting

(The text below is copied from the IBNS website and the 36-page PDF is highly recommended, also for more experienced collectors)

Are you interested in finding out more about banknotes and banknote collecting?

Do you know

  • how banknotes are manufactured?
  • the different features that can appear on a banknote and why they are there?

Have you thought about starting a banknote collection but want some information about

  • where to start
  • the equipment you need
  • how to look after your collection
  • the different grades and condition of banknotes

Members of the International Bank Note Society (IBNS) with many years of experience of banknotes and banknote collecting have produced

The IBNS Introduction to Banknotes
and Banknote Collecting

Aimed at beginners, it includes answers to those questions as well as the definition of a banknote, its various features and how banknotes are manufactured, as well as an outline of aspects to be considered when building a collection of banknotes including information on how to grade a banknote.

If you want to take your interest in Banknotes even further, why not consider joining the International Bank Note Society?

Membership of the IBNS has numerous benefits which include:

  • bringing together people with a common interest in banknotes
  • the award winning IBNS Journal produced quarterly which includes articles covering all aspects of banknotes as well as the Society’s activities
  • a forum on the IBNS Website for members to discuss matters and ask questions

To gain the most from an interest in banknotes, membership of the IBNS is recommended.  Membership of the IBNS costs $36.00 USD (£28.00 GBP or $48.00 AUD) per year.  

To become a member please complete an
application form - https://www.theibns.org/join

Steven | Maandag 10 December 2018 - 6:54 pm | | links | Geen reacties
Gebruikte Tags:

How the dollar has changed over the years

Nice article about the changing appearance of the US dollar over the years. With nice big pictures of some of the beautiful banknotes from the past.

Steven | Zondag 28 Oktober 2018 - 08:34 am | | links | Geen reacties