Unusual: Why are these $200 bills selling for $100,000?

There are some $200 bills that were put into circulation in October 2016 by the Central Bank of the Argentine Republic (BCRA) that have a particular production error for which numismatic specialists and collectors in the field paid attention to them.

Why? These papers that were issued are characterized by the lack of correct numbering and that ridiculous detail can make a combo of these copies cost up to $100,000.

The serial number of the ticket was cut off in printing

These are banknotes that have the image of the Southern Right Whale and present the serial number cut in the print, instead of appearing complete as it should be.

This particular detail made people put their eyes on them and collectors pay crazy to have one. In specialized pages on the subject or in Mercado Libre they pay $100,000.

How is the boom in the market for old banknotes?

The notophilia is a part of numismatics which focuses its study on research, collecting and the spread of bills, stamps Y paper money usually. Its name comes from the combination of the Latin nota (bill) with the Greek filos (friend, fan).

Numismatics focuses on the study of ancient coins.

Numismatics focuses on the study of ancient coins.

Within this group there are various collectors such as those who they collect banknotes of a certain country or those who they collect banknotes with mistakes such as printing or cutting.

Difference between notaphilia and numismatics

The numismatics is he study and collecting of coins, tokens, medals and paper money. The main difference between notophilia and the numismatics, is that the notophilia only focuses exclusively on the study of the banknotes Y paper money. In addition, numismatics focuses on old coins while banknotes are relatively “modern” or at least massively so.

The numismatics It is of great importance, since it is an important auxiliary discipline of history and with a recent history, since it began to be considered as such in the 19th century.

the value of the numismatics is that it can make known invaluable testimonies of different exchanges and of the people’s economy, as well as its political, religious history, etc. Related to this science is symbology, iconology, epigraphy, paleography, among others.

That is why in the case of a coin or ticket should not be mixed numismatic value with the monetary That is, one coin may have a significantly higher value than another, for example, because it is made of Prayed, but with little or no numismatic value, while another “cheaper” coin may have great value in the numismatics.

Many times gold coins are highly valued for their metal rather than their collectible value.

Many times gold coins are highly valued for their metal rather than their collectible value.

Inside of numismatics classic, it is divided into two parts that are really different, despite the fact that they are often joined in different books.

On the one hand, there is the doctrinal which is in charge of studying the fundamentals of science, with the nomenclature, the bases of the classification and other generalities. On the other hand, the historical descriptive which deals with the study of the development of the currency in the different towns and cities of the world.

What is a collector of old banknotes called?

As such there is no specific name to call a vintage banknote collector, although according to the blog “Banknotes from Around the World”they could be defined as notophile although they usually do not like it at all.

In addition the experts they usually make some differences, as for example in the Facebook group “Numismatic Argentina”, one of the largest in the world, they usually differentiate the collector from, for example, the seller who only limits himself to selling and in some cases to buying, as well as from the collector or accumulator who are those people who do not have a defined collection, in most cases not even catalogued, but who have a set of old coins and bills for taste, inheritance, etc.

Classification and cataloging of banknotes

Banknotes are generally classified according to their state of conservation, that is, of those that are practically the same as they came out after printing, of those that are practically destroyed, mutilated, burned, etc.

The classification is generally the following:

  • Uncirculated (UNC): are thus classified new bills, if any type of damage such as creases or bends.
  • Nearly Uncirculated (AU): the banknote retains its white color, although it shows some handling damage as small folds or breakage of the paper fibers.
  • Extremely fine (XF): the ticket can present between one and three light folds, as well as a little wear on the corners.
  • Very fine (VF): the ticket can present dirt either small spots, as well as folds horizontal or vertical, but the paper must remain new without tears.
  • Fine (F): paper can present softening Y folds by use, as well as rips They do not affect the design.
  • Very Good (VG): The ticket presents wear and there may be rips Y stainsand even some discoloration Y holesbut still looks presentable.
  • Good (G): the note wear is noticeable and can have scrawl either scriptures, and they can even missing pieces of the ticket.
  • Fair: The ticket can present wear Y missing pieces larger compared to G.
  • Poor (Poor): The ticket shows severe wear damage, stains, missing pieces, writing and holes, as well as repairs with tape.
Folding a bill or tying it with an elastic band can seriously affect its conservation status

Folding a bill or tying it with an elastic band can seriously affect its conservation status

Most of the collectors will always prefer a uncirculated banknote that is in impeccable condition, which, in some cases, can have a value up to 10 times greater than that of a bill classified as Very Good.

What are the different notafilia specialties?

Inside of notaphilia, collectors by time period such as a certain series or dates, countries, theme (such as wildlife, monuments, famous people), design variations, errors, replacement tickets, among other options.

What does the letter R on the banknotes mean?

The letter R means that it is a replacement ticket. It is a system used to replace errors discovered on banknotes during the printing process. Generally, the number of banknotes of this type is low, so they have a higher collectible value.

Replacement dollars have a small star to identify them

Replacement dollars have a small star to identify them

In Argentina, the replenishment tickets with the letter R, while in countries like the United States (in the dollar) it is done with a small star

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