Hyper-Inflation Banknotes

79 posts

Forum »

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 7 Şub 2018, 17:41 #

Hi All,

The other day this topic came up in the Free Discussion section of the forum. https://en.numista.com/forum/topic66793.html

I thought it would be a great idea to start a thread about inflation banknotes. I happen to collect these types of banknotes since I find these to be an extremely interesting topic.

Anyone else out there collect these notes? What is your reason for collecting them?

Aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

CassTaylor

Closed account

Posted: 7 Şub 2018, 22:05 #

I've about 40-50 hyperinflation banknotes from the Weimar Republic's crisis era (all issued 1922-23), ranging from 500/1000 marks to 500 'milliard' (billion) marks. I mainly bought them because they were cheap, usually with the leftover change I got from buying more valuable coins/banknotes.

I also have some Hungarian Pengö notes from 1945-46, and a few of the Zimbabwean issues. Apart from the dollar notes with the rock motif on them, I have these Bearer Cheques issued by the 'Reserve Bank of Zimbabwe'. Poor them are now a joke, synonymous with runaway hyperinflation.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 9 Şub 2018, 19:42 #

This is my Zimbabwe collection

gsereno

Joined: 13 May 2017
Posts: 85

Posted: 9 Şub 2018, 20:31 #

There are some Brazilian hyper-inflation banknotes from 1980's and early 1990's. 100,000 cruzeiros e 500,000 cruzeiros reais

I am interested in swapping world coins. Please let me know if you are interested too

Jesse11

Joined: 30 Ara 2015
Posts: 1107

Posted: 9 Şub 2018, 21:01 #

I have some of those Brazilian notes from a big mixed lot I picked up the other day. I like the 1,000 cruzado notes that are stamped with "1 cruzado novo". That's an interesting piece of history there.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 10 Şub 2018, 04:49 #

Another hyperinflation note: Yugoslavia, 50,000,000,000 Dinara, 1993.

rysiek

Joined: 18 Nis 2012
Posts: 126

Posted: 10 Şub 2018, 09:56 #

Impressive face value

ALLRED1950

Joined: 2 Tem 2012
Posts: 5049

Posted: 10 Şub 2018, 12:47 #

Here is a Greece 1944 inflation issue 5 million Drachmai P-128a

It is, what it is, or is it.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 10 Şub 2018, 12:51 #

I'm following with another Greek banknote.

Greece, 10,000,000,000 Drachmai, 1944

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 12 Şub 2018, 02:45 #

Quote: "ngdawa"This is my Zimbabwe collection

is that the full collection? Impressive.
Thanks for sharing.
Aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 12 Şub 2018, 02:46 #

Quote: "ALLRED1950"Here is a Greece 1944 inflation issue 5 million Drachmai P-128a

i always liked this one. The value is so overpowering in the design.

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 12 Şub 2018, 03:00 #

Quote: "aaronmgd"

Quote: "ngdawa"This is my Zimbabwe collection

is that the full collection? Impressive.
Thanks for sharing.
Aaron

cheers mate! yes, it's the full set and it took me a few years to complete it

i started off with a lot of the 10, 50 and 100 trillion dollar notes. paid about 10 usd for them. (if i knew then, what i know now, i would've bought more of the 100 trillion when they sold for 5 usd/each.) and then i just picked up a few in random lots and added one or two in swaps just for the fun of it. all of a sudden i realised i just vad a few hole left to cover to get a full set. now i'm thinking if i should try to get them all with the AA prefix. there are about five or six that has AB-AE prefixes.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 12 Şub 2018, 03:05 #

Nice. I recently started on these hyper inflation notes. I hope to get more into it in the next few months. Though i am hesitant because i feel i am crossing the line from collecting to hoarding. There is an old Hebrew saying that basically says "you cannot dance at two weddings at once". I have to figure out what I really want from my collection and focus on that as opposed to collecting everything....
aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 12 Şub 2018, 03:16 #

Quote: "aaronmgd"Nice. I recently started on these hyper inflation notes. I hope to get more into it in the next few months. Though i am hesitant because i feel i am crossing the line from collecting to hoarding. There is an old Hebrew saying that basically says "you cannot dance at two weddings at once". I have to figure out what I really want from my collection and focus on that as opposed to collecting everything....
aaron

yeah, i know what you mean and i feel tje same way. at least about my coin collwction which i reckon is a mess.

at least the banknktes are colourful and easy to store. it also catches the eye of none colectors easier than a coin collection. i have friends who's been sittong with my banknote albums for hours just looking. the coons are more like"oh, cool", and then nothing more.

CassTaylor

Closed account

Posted: 12 Şub 2018, 06:15 #

@ngdawa It's probably something like 'Oooh, colourful!' for them; coins are a lot smaller and therefore there's less to 'appreciate' unless you're an avid collector.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 12 Şub 2018, 06:31 #

Quote: "CassTaylor"@ngdawa It's probably something like 'Oooh, colourful!' for them; coins are a lot smaller and therefore there's less to 'appreciate' unless you're an avid collector.

yeah, and a banknote show more history and culture than a coin and is therefore more appealing to non-collectors..

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 13 Şub 2018, 18:21 #

I agree that for non-collectors banknotes are more interesting simply because the printed subject is more vibrant then with a minted coin. For me though coinage really gets me excited. They last way longer and as a result we can easily find very old coins in decent shape. For the average collector getting very old banknotes in decent shape can be a pricey proposition.
One set of banknotes I do actively collect is Israeli notes simply because of the subject matter. I am an avid collector of all Israel numismatics so I didn't differentiate between coins or notes. It is much more challenging with Israel to get the older notes (issues prior to establishment of the bank of Israel but after Palestine mandate). My collection of Israeli banknotes is almost complete. (will post some pictures)

As a side note Israel has inflation notes (I would not call it HYPER-inflation though) of 5,000 & 10,000 Shekels.

Aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 13 Şub 2018, 18:26 #

This is not the entire Israel Collection but a decent portion of it.

and for inflation notes (getting back to topic)

Now like I mentioned I would not call this Hyper Inflation but for Israel the inflation was very high.

Aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

sc.rednek

Joined: 11 Kas 2017
Posts: 637

Posted: 24 Şub 2018, 22:23 #

My German inflation notes. I don't have the highest ones, because my great-grandparents immigrated to the USA to escape it. There were more, but I wasn't the only great-grandchild so their collection of notes has been split 6 ways.

SquareRootLolly

Joined: 7 Ekim 2017
Posts: 914

Posted: 25 Şub 2018, 04:06 #

I'm not at home, so I present you with an online one.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 26 Şub 2018, 01:04 #

Quote: "SquareRootLolly"I'm not at home, so I present you with an online one.

I have my eye on this one.... waiting for one to pop up at a good deal.

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

silver_smith

Joined: 30 Mart 2014
Posts: 168

Posted: 18 Nis 2018, 02:35 #

The best I have is 2000 Pesos from Mexico in 1989

blue-m

Joined: 11 Kas 2013
Posts: 615

Posted: 18 Nis 2018, 12:47 #

Not the biggest Argentine inflation note but close to it.

AoSpades54

Joined: 13 Nis 2016
Posts: 15

Posted: 19 Nis 2018, 21:04 #

Jovan Jovanović Zmaj
Yugoslavia P-0137
500.000.000.000 Dinara

AoSpades54

BCNumismatics

Joined: 24 Ocak 2009
Posts: 3776

Posted: 19 Nis 2018, 23:57 #

Only the Zimbabwean hyperinflation banknotes interest me.

The 2008 100 Trillion Dollars was released in early 2009,then pulled from circulation after only around 2 weeks.

The 100 Trillion Dollars is the record breaker - for the most zeroes actually shown on a banknote.

Zimbabwe is in the process of returning to its membership of the British Commonwealth.

Aidan.

CassTaylor

Closed account

Posted: 20 Nis 2018, 03:22 #

These ones are not really so high value but they're the only ones I have pictures of at the moment:

1918 Austria-Hungary 10,000 Kronen (with 1919-20 "DEUTSCHÖSTERREICH" stamp)

1922 German States - Bavaria 5,000 Mark
Isn't it ironic that early hyperinflation notes (before it gets too bad) end up being usually more sought after by collectors (e.g. ZImbabwean notes) than their later counterparts when the hyperinflation spirals out of control? Although if you keep printing more and more notes, I guess that explains it.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 20 Nis 2018, 17:19 #

I finally picked up one of these.
Hungary 100 million billion pengo. (100 quintillion /100,000,000,000,000,000,000)

Highest denomination note ever issued/released in history. Although a 100 million trillion note was printed it was not released.

aaron

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

Numismatist uk

Joined: 2 Ocak 2018
Posts: 887

Posted: 29 Nis 2018, 18:02 #

I just got 459,300 rupiah!

'We make a living by what we get, we make a life by what we give.'
Sir Winston Churchill

CassTaylor

Closed account

Posted: 29 Nis 2018, 18:21 #

Quote: "Numismatist uk"I just got 459,300 rupiah!

Congratulations! Now you have 25 whole pounds!

Bas S Warwick

Joined: 21 Eyl 2015
Posts: 217

Posted: 22 May 2018, 09:10 #

I picked this up somewhere a long time ago. Pretty cheap if I remember correctly.
Its not in good shape, and better condition ones fetch good money. If anyone needs one for their collection do contact me I'm sure we can agree on a swap.

1923
100,000 Mark note
Issued by Reichsbahndirektion Berlin (an administrative district of the Deutsche Reichsbahn in the German Reich.)
https://de.wikipedia.org/wiki/Reichsbahndirektion_Berlin

Left click to magnify

Note number looks like 16U-098773

Swapping makes a change!

Lotus07

Joined: 3 Ağu 2012
Posts: 1221

Posted: 4 Haz 2018, 10:26 #

Quote: "Bas S Warwick"I picked this up somewhere a long time ago. Pretty cheap if I remember correctly.
Its not in good shape, and better condition ones fetch good money. If anyone needs one for their collection do contact me I'm sure we can agree on a swap.

1923
100,000 Mark note
Issued by Reichsbahndirektion Berlin (an administrative district of the Deutsche Reichsbahn in the German Reich.)
https://de.wikipedia.org/wiki/Reichsbahndirektion_Berlin

Left click to magnify

Note number looks like 16U-098773

That's not a note from the Reichsbahndirektion, it's a regular national-issued Reichsbanknote.

"For by telling them of many things without teaching them you will make them seem to know much, while for the most part they know nothing"
-Plato

Bas S Warwick

Joined: 21 Eyl 2015
Posts: 217

Posted: 4 Haz 2018, 10:46 #

Thanks for the correction - greatly appreciated.
I picked up that info somewhere on Google.........

Maybe this is the one
https://www.currencyquest.com/item.php?item_id=3316#.WxT8NVUza70

Swapping makes a change!

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 28 Tem 2018, 19:46 #

Quote: "aaronmgd"I finally picked up one of these.
Hungary 100 million billion pengo. (100 quintillion /100,000,000,000,000,000,000)

Highest denomination note ever issued/released in history. Although a 100 million trillion note was printed it was not released.

aaron

I have recently started to collect these Hugarian pengő notes. My highest so far is the 1,000,000 B.-Pengő (1,000,000,000,000,000,000 Pengő)

Bena

Joined: 28 Nis 2013
Posts: 252

Posted: 8 Eyl 2018, 22:43 #

Reichsbanknote 5 Milliarden Mark 1923.
One-sided.

ScotsGreyhound

Joined: 16 Şub 2019
Posts: 42

Posted: 16 Şub 2019, 19:23 #

Great topic for a thread, quite a fan of inflation notes myself. Have some German, Hungarian, Greek, Yugoslavia.
Here's a couple from Mozambique from the early 1990's, quite boring & not very attractive

ScotsGreyhound

Joined: 16 Şub 2019
Posts: 42

Posted: 17 Şub 2019, 19:46 #

There's a few zeros on these 1990's Yugoslavian notes

One from Bosnia

Rando

Joined: 28 Şub 2019
Posts: 2

Posted: 28 Şub 2019, 22:23 #

I have been looking for a hyperinflation collectors place, but they are hard to find. I have a small collection.

Are there many examples of hyperinflation coins minted? I know of the 50 mill and 1 bill marks, but are there any other countries that have any?

Interested in high denomination hyperinflation.

CassTaylor

Closed account

Posted: 1 Mart 2019, 04:15 #

Quote: "Rando"I have been looking for a hyperinflation collectors place, but they are hard to find. I have a small collection.

Are there many examples of hyperinflation coins minted? I know of the 50 mill and 1 bill marks, but are there any other countries that have any?

Romania had some high value silver coins minted in 1944-46, the largest being a crownsize 100,000 lei coin from 1946 I believe!

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 1 Mart 2019, 07:11 #

Quote: "CassTaylor"

Quote: "Rando"I have been looking for a hyperinflation collectors place, but they are hard to find. I have a small collection.

Are there many examples of hyperinflation coins minted? I know of the 50 mill and 1 bill marks, but are there any other countries that have any?
Romania had some high value silver coins minted in 1944-46, the largest being a crownsize 100,000 lei coin from 1946 I believe!

Turkey also have lots of 10,000-250,000 lira coins. They highest denomination circulated was the 1,000,000 lira coin in 2002.

Rando

Joined: 28 Şub 2019
Posts: 2

Posted: 1 Mart 2019, 18:46 #

Oh wow, thank you both. This thread was the only thing I had seen of this site. Google brought me here.

I see there is a collection tracker and everything. Going to explore it a little more. I am very new to money collecting.

Is hyperinflation a bigger topic on here then just this thread? Does anyone know of a discord that is focused on hyperinflation? From what I am seeing it is a small niche thing, but wanted to check.

Interested in high denomination hyperinflation.

CassTaylor

Closed account

Posted: 1 Mart 2019, 20:14 #

Welcome to the site, then!

We have a Discord for the community here:
https://en.numista.com/forum/topic79243.html

HongKongCoinCollector

Joined: 27 Şub 2019
Posts: 195

Posted: 5 Mart 2019, 16:05 #

Quote: "ngdawa"Another hyperinflation note: Yugoslavia, 50,000,000,000 Dinara, 1993.

I remember reading on Wikipedia that the inflation rate was so fast the note was rendered worthless within a fortnight after its introduction, with inflation rates reaching 8.51×10^29% per year.

光復香港時代革命
五大訴求缺一不可
Liberate Hong Kong, Revolution of our times

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 5 Mart 2019, 16:42 #

Quote: "HongKongCoinCollector"

Quote: "ngdawa"Another hyperinflation note: Yugoslavia, 50,000,000,000 Dinara, 1993.

I remember reading on Wikipedia that the inflation rate was so fast the note was rendered worthless within a fortnight after its introduction, with inflation rates reaching 8.51×10^29% per year.

meanwhile in zimbabwe: inflation rate of 231,150,888.87% in july 2008, 79,600,000,000% in mid november 2008..

ZoomRockman

Joined: 14 Nis 2019
Posts: 1

Posted: 14 Nis 2019, 20:18 #

This is my current collection, I’m not really what to seek out next.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 15 Nis 2019, 08:41 #

Quote: "ZoomRockman"
This is my current collection, I’m not really what to seek out next.

Nice collection!
Your next targets could be Nicaragua, Peru and Vietnam.

COINMAN1

Joined: 8 Haz 2013
Posts: 2849

Posted: 15 Nis 2019, 17:59 #

Quote: "CassTaylor"

Quote: "Rando"I have been looking for a hyperinflation collectors place, but they are hard to find. I have a small collection.

Are there many examples of hyperinflation coins minted? I know of the 50 mill and 1 bill marks, but are there any other countries that have any?
Romania had some high value silver coins minted in 1944-46, the largest being a crownsize 100,000 lei coin from 1946 I believe!

Cass, I think you are talking about this Romanian coin. 100,000 Lei 1946 KM#71 This is mine.
https://en.numista.com/catalogue/pieces4613.html

I'm just a collector of coins, not a slave to it, unless I am in a coin shop.
For all you banknote collectors. Link to my swap list.
https://colnect.com/en/banknotes/list/swap_list/COINMAN1

COINMAN1

Joined: 8 Haz 2013
Posts: 2849

Posted: 15 Nis 2019, 18:05 #

This is my highest banknote I have.
100,000,000,000 Mark (100 Milliarden Mark)
Arnstadt Kel:129c

I'm just a collector of coins, not a slave to it, unless I am in a coin shop.
For all you banknote collectors. Link to my swap list.
https://colnect.com/en/banknotes/list/swap_list/COINMAN1

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 15 Nis 2019, 19:43 #

Quote: "COINMAN1"

Quote: "CassTaylor"

Quote: "Rando"I have been looking for a hyperinflation collectors place, but they are hard to find. I have a small collection.

Are there many examples of hyperinflation coins minted? I know of the 50 mill and 1 bill marks, but are there any other countries that have any?
Romania had some high value silver coins minted in 1944-46, the largest being a crownsize 100,000 lei coin from 1946 I believe!

Cass, I think you are talking about this Romanian coin. 100,000 Lei 1946 KM#71 This is mine.
https://en.numista.com/catalogue/pieces4613.html

and turkey had 10 bin (10,000), 25 bin (25,000), 50 bin (50,000) , 100 bin (100,000) and 250 bin (250,000) lira coins, as well as commemoratives up to 150,000,000 lira..

HongKongCoinCollector

Joined: 27 Şub 2019
Posts: 195

Posted: 10 May 2019, 13:13 #

Quote: "ngdawa"meanwhile in zimbabwe: inflation rate of 231,150,888.87% in july 2008, 79,600,000,000% in mid november 2008..

8.51 x 10^29 % is equal to
851,000,000,000,000,000,000,000,000,000%

Which is 19 orders of magnitude greater than the inflation rate in Zimbabwe in Nov 2008.

光復香港時代革命
五大訴求缺一不可
Liberate Hong Kong, Revolution of our times

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 10 May 2019, 23:19 #

Quote: "HongKongCoinCollector"

Quote: "ngdawa"meanwhile in zimbabwe: inflation rate of 231,150,888.87% in july 2008, 79,600,000,000% in mid november 2008..
8.51 x 10^29 % is equal to
851,000,000,000,000,000,000,000,000,000%

Which is 19 orders of magnitude greater than the inflation rate in Zimbabwe in Nov 2008.

sorry, i meant to say that that was the inflation rate from june to mid november 2008..

also, i have no idea how to write out 8.51x10^29, but i suppose it should be 29 zero's, right?

Saber82

Joined: 24 Şub 2019
Posts: 336

Posted: 11 May 2019, 15:25 #

I also have some hyper inflation notes. Even the JIM notes are consider inflation notes.

Nice to have and collect as a history.

Be kind to people. Sharing is Caring. Collect what you like and not by the Crowd.
To seek for perfection, it is too painful and there is a very high price to pay. To seek for something comfortable is more easy. To seek for nothing is even more easy.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 11 May 2019, 22:07 #

Quote: "Saber82"I also have some hyper inflation notes. Even the JIM notes are consider inflation notes.

Nice to have and collect as a history.

JIM notes?

Saber82

Joined: 24 Şub 2019
Posts: 336

Posted: 12 May 2019, 05:32 #

Quote: "ngdawa"

Quote: "Saber82"I also have some hyper inflation notes. Even the JIM notes are consider inflation notes.

Nice to have and collect as a history.
JIM notes?

JIM. Japanese Invasion Money. I think most intresting is JIM notes. In I read somewhere the secret service keep printing fake JIM notes and send to Asia in a part to topple their dominance.

The ones with serial numbers are consider rare. Because they are the 1st batch. Their prefix 1st letter dominates the place of usage. In Singapore and Malaysia, then it was straits settlement. So it always starts with M as it stands for Malaya. They are the worst quality of paper used for printing banknotes.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 12 May 2019, 09:12 #

Quote: "Saber82"
Quote: "ngdawa"
Quote: "Saber82"I also have some hyper inflation notes. Even the JIM notes are consider inflation notes.

Nice to have and collect as a history.
JIM notes?
JIM. Japanese Invasion Money. I think most intresting is JIM notes. In I read somewhere the secret service keep printing fake JIM notes and send to Asia in a part to topple their dominance.

The ones with serial numbers are consider rare. Because they are the 1st batch. Their prefix 1st letter dominates the place of usage. In Singapore and Malaysia, then it was straits settlement. So it always starts with M as it stands for Malaya. They are the worst quality of paper used for printing banknotes.

yeah, but how are banknotes with the denomination 0.01 to 100 hyperinflation?

Saber82

Joined: 24 Şub 2019
Posts: 336

Posted: 12 May 2019, 12:14 #

Taken from afew article.

https://www.asiaone.com/singapore/history-singapore-10-objects

"Towards the end of the war, the Japanese authorities printed large amounts of the currency, leading to hyperinflation and depreciation of the currency. After the Japanese surrendered in 1945, the currency became worthless.
Today, the notes are collectors' items. On the Internet auction site eBay, a one-dollar banana note costs $4."

https://mothership.sg/2016/12/heres-how-spores-japanese-occupation-survivors-endured-3-years-of-hunger-part-1/

"The Japanese printed banana money whenever they needed it, which led to hyperinflation. The notes essentially became worthless pieces of paper. People would find themselves with huge amounts of banana money, but were unable to use them to buy food."

http://www.endofempire.asia/0907-2-banana-money-malayas-wartime-currency-3/

https://en.wikipedia.org/wiki/Japanese_invasion_money

" In 1944, inflation lead to the issuing of a 100 dollar note. In 1945, a replacement note 100 dollar bill was issued as well as a hyper-inflation 1,000 note."

If you want to know more about Jim notes, buy this catalogue. I strongly reccomemded it and support them. They have come out 2nd edition.

https://www.japaneseinvasionmoney.com.au/main/index.php

Hope this clears some air.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 12 May 2019, 23:14 #

Quote: "Saber82"Taken from afew article.

https://www.asiaone.com/singapore/history-singapore-10-objects

"Towards the end of the war, the Japanese authorities printed large amounts of the currency, leading to hyperinflation and depreciation of the currency. After the Japanese surrendered in 1945, the currency became worthless.
Today, the notes are collectors' items. On the Internet auction site eBay, a one-dollar banana note costs $4."

https://mothership.sg/2016/12/heres-how-spores-japanese-occupation-survivors-endured-3-years-of-hunger-part-1/

"The Japanese printed banana money whenever they needed it, which led to hyperinflation. The notes essentially became worthless pieces of paper. People would find themselves with huge amounts of banana money, but were unable to use them to buy food."

http://www.endofempire.asia/0907-2-banana-money-malayas-wartime-currency-3/

https://en.wikipedia.org/wiki/Japanese_invasion_money

" In 1944, inflation lead to the issuing of a 100 dollar note. In 1945, a replacement note 100 dollar bill was issued as well as a hyper-inflation 1,000 note."

If you want to know more about Jim notes, buy this catalogue. I strongly reccomemded it and support them. They have come out 2nd edition.

https://www.japaneseinvasionmoney.com.au/main/index.php

Hope this clears some air.

Thanks a lot mate! That was great information. Appreciate it!

Saber82

Joined: 24 Şub 2019
Posts: 336

Posted: 13 May 2019, 02:13 #
Edited: 13 May 2019, 02:28

No problem. So far for Jim notes, I only have malaya series. Other countries I Don have. The jim notes are a grim reminder of war. Even today some people are still angry over it. The Philippines (not sure if it's the government or some org) promise to exchange them for cash. But nothing is been done.

http://jpkoning.blogspot.com/2013/11/the-three-lives-of-japanese-military.html?m=1

phamanhtuan1000

Closed account

Posted: 13 May 2019, 16:55 #

I have some Vietnamese hyperinflation banknotes.

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 13 May 2019, 21:26 #

Quote: "phamanhtuan1000"I have some Vietnamese hyperinflation banknotes.

ambr0

Joined: 25 May 2019
Posts: 6

Posted: 27 May 2019, 11:08 #
Edited: 27 May 2019, 11:09

5.000.000 lei from Romania 1947. Largest value ever in this country.

aaronmgd

Joined: 9 Ocak 2013
Posts: 892

Posted: 28 May 2019, 02:09 #

Quote: "ambr0"5.000.000 lei from Romania 1947. Largest value ever in this country.

Beautiful note.

I sell my Duplicate or Un-Needed coins on eBay: https://www.ebay.com/str/coinsandmorenj.

ambr0

Joined: 25 May 2019
Posts: 6

Posted: 28 May 2019, 13:56 #
Edited: 28 May 2019, 13:57

Indeed beautiful, like most of the Romanian banknotes, especially before 1947.
Here it is the entire banknote and another inflation banknote issued in the same year - 1947 - 1 million lei.
The latter was one of my first notes in collection, when I was about 10 years old :)

Saber82

Joined: 24 Şub 2019
Posts: 336

Posted: 15 Haz 2019, 04:52 #

The next country with hyper inflation notes.

https://www.theguardian.com/world/2019/jun/12/venezuela-releases-new-bank-notes-bolivars-hyperinflation

ANDREWDERKSEN

Joined: 22 Ara 2019
Posts: 2

Posted: 23 Ağu 2021, 06:24 #

My Hyper Inflation Display

Germany 100 Trillion Marks (replica) 1922-23
Hungary 100 Quintillion Pengo 1945-46
Greece 100 Billion Drachma 1943-46
Yugoslavia 500 Billion Dinar 1992-94
Zimbabwe 100 Trillion Dollars 2007-08
Venezuela 100 Thousand Bolivares 2017 -

Andrew

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 25 Kas 2024, 07:34 #
Edited: 25 Kas 2024, 07:41

Discussing about Hyperinflation and Chronic Inflation, do you guys have any expectation for the State Bank of Vietnam to issue a 1 000 000 dong banknote? They're are “stuck” with their 500k dong banknote for years.

https://en.numista.com/catalogue/index.php?e=viet_nam&r=&st=148&cat=y&ca=3&o=k#c_viet_nam61

As of today (November 25th - 2024): 500 000 VND = ~20 USD

It's about time we (Inflation banknote collectors) put our hands on fresh new 1M VND banknotes! 🤩

P.s. If Vietnam is considering their CBDC (Central Bank Digital Currency) in the near future, we won't see that banknote issued anytime soon (if ever)…

Best regards, GuGa

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 25 Kas 2024, 09:37 #

coleccionador
Discussing about Hyperinflation and Chronic Inflation, do you guys have any expectation for the State Bank of Vietnam to issue a 1 000 000 dong banknote? They're are “stuck” with their 500k dong banknote for years.

https://en.numista.com/catalogue/index.php?e=viet_nam&r=&st=148&cat=y&ca=3&o=k#c_viet_nam61

As of today (November 25th - 2024): 500 000 VND = ~20 USD

It's about time we (Inflation banknote collectors) put our hands on fresh new 1M VND banknotes! 🤩

P.s. If Vietnam is considering their CBDC (Central Bank Digital Currency) in the near future, we won't see that banknote issued anytime soon (if ever)…

There are other things to considering than exchange rates.

1) What is the buying balue iof the 500 000 VND?

2) What is an average Vietnamese's income?

20 USD may not seem much, but there are places where this is a monthly salary. Would there really be a need in your country to issue a banknote with the value of twice your monthly salary?

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 25 Kas 2024, 11:47 #
Edited: 18 Ara 2024, 08:05

~~BTW I made a request (validated today) to regroup some banknotes (P#106-116) from Romania into series (according to WPM catalog).~~

~~Those series should be considered from a chronic inflation era.~~

~~🇷🇴 Romania • Currency: First leu (~~~~1867-1947~~~~) • Series: 1996-2000 Paper Issue~~

~~https://numista.com/catalogue/series.php?id=8535~~

~~🇷🇴 Romania • Currency: First leu (~~~~1867-1947~~~~) • 1999 Commemorative Issue:~~

~~https://numista.com/catalogue/series.php?id=8536~~

~~🇷🇴 Romania • Currency: First leu (~~~~1867-1947~~~~) • Series: 2000-2004 Polymer Issue~~

~~https://numista.com/catalogue/series.php?id=8537~~

Edit: rectification request sent. Series modified.

Best regards, GuGa

BramVB Catalogue referee

Joined: 17 Tem 2016
Posts: 2182

Posted: 26 Kas 2024, 09:07 #

coleccionador
Romania • 1999 Commemorative Issue:
https://numista.com/catalogue/series.php?id=8536

Who approved a serie with 1 banknote? Seems pointless …

Just call me Bram

No new swaps for the moment, still too many half-ongoing swaps to clean up!

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 26 Kas 2024, 19:43 #
Edited: 18 Ara 2024, 08:05

Edited….

Best regards, GuGa

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 26 Kas 2024, 19:59 #
Edited: 18 Ara 2024, 08:04

~~Changes for Hyperinflation & Chronic Inflation notaphilists and appreciators:~~

~~I made a request to regroup some (inflation issued) banknotes (P#49-61) from Romania into series (according to WPM catalog).~~

~~🇷🇴 Romania • Currency: First leu (~~~~1867-1947~~~~) • Series: 1940-1947 “Inflation” Issue~~

~~https://en.numista.com/catalogue/index.php?se=8583&ct=banknote&p=1~~

Edit: rectification request sent. Series modified.

Best regards, GuGa

BramVB Catalogue referee

Joined: 17 Tem 2016
Posts: 2182

Posted: 26 Kas 2024, 20:04 #

coleccionador
Changes for Hyperinflation & Chronic Inflation notaphilists and appreciators:

I made a request to regroup some banknotes from Romania into series (according to WPM catalog).

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1940 Issue
https://numista.com/catalogue/series.php?id=8564

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1941 Issue
https://numista.com/catalogue/series.php?id=8565

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1943 Issue
https://numista.com/catalogue/series.php?id=8566

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1944 Issue
https://numista.com/catalogue/series.php?id=8567

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1945 Issue
https://numista.com/catalogue/series.php?id=8568

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1947 Issue
https://numista.com/catalogue/series.php?id=8569

These are just merged by date of issue … I see designs mixed over several of your “series”. These series don't give me any more informatio … i would even suggest to delete and start anew.

Just call me Bram

No new swaps for the moment, still too many half-ongoing swaps to clean up!

ngdawa

Joined: 18 Ekim 2011
Posts: 6107

Posted: 26 Kas 2024, 21:10 #

coleccionador
Changes for Hyperinflation & Chronic Inflation notaphilists and appreciators:

I made a request to regroup some banknotes (P#49-61) from Romania into series (according to WPM catalog).

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1940 Issue
https://numista.com/catalogue/series.php?id=8564

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1941 Issue
https://numista.com/catalogue/series.php?id=8565

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1943 Issue
https://numista.com/catalogue/series.php?id=8566

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1944 Issue
https://numista.com/catalogue/series.php?id=8567

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1945 Issue
https://numista.com/catalogue/series.php?id=8568

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1947 Issue
https://numista.com/catalogue/series.php?id=8569

Yeah, this isn't how series work …

ThePoet

Joined: 13 Ara 2017
Posts: 313

Posted: 26 Kas 2024, 23:49 #

Since the inception of Fiat currencies around the world, we are going to see many hyperinflation currencies in the near future. It is already starting when I see adds from banknotes.com. Only those countries which actually retained gold and silver in their banks will be saved. And countries that have real value in their GDP. The rest of the world currencies will be nearly worthless. In history before the dropping of the gold standard every fiat currency failed. I still do not understand why banks and their economists decided to go this way and let currencies float. I guess that is why I never became an economist outside the confines of my home.

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 27 Kas 2024, 06:15 #

ThePoet
Since the inception of Fiat currencies around the world, we are going to see many hyperinflation currencies in the near future. It is already starting when I see adds from banknotes.com. Only those countries which actually retained gold and silver in their banks will be saved. And countries that have real value in their GDP. The rest of the world currencies will be nearly worthless. In history before the dropping of the gold standard every fiat currency failed. I still do not understand why banks and their economists decided to go this way and let currencies float. I guess that is why I never became an economist outside the confines of my home.

While reading your comment I just remembered this site: https://wtfhappenedin1971.com

1971 - The year USD abandoned Gold standard “temporarily”…

I still do not understand why banks and their economists decided to go this way and let currencies float.

Maybe because wars cost huge tons of money beyond a nation's gold reserves… Sad but true.

Recommendation about inflation and fiat money understanding in general (YouTube):

Hidden Secrets Of Money is a groundbreaking new docu-series hosted by Mike Maloney, monetary historian and author of the world's best selling book 'Guide To Investing In Gold & Silver'. Mike's goal is to remove the fog of modern economics for ordinary people and show them that although the world economy is on shaky ground, in every crisis there lies opportunity. (…)

Best regards, GuGa

SpuDy Catalogue referee

Joined: 13 May 2017
Posts: 958

Posted: 27 Kas 2024, 08:20 #

BramVB
coleccionador
Changes for Hyperinflation & Chronic Inflation notaphilists and appreciators:

I made a request to regroup some banknotes from Romania into series (according to WPM catalog).

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1940 Issue
https://numista.com/catalogue/series.php?id=8564

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1941 Issue
https://numista.com/catalogue/series.php?id=8565

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1943 Issue
https://numista.com/catalogue/series.php?id=8566

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1944 Issue
https://numista.com/catalogue/series.php?id=8567

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1945 Issue
https://numista.com/catalogue/series.php?id=8568

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1947 Issue
https://numista.com/catalogue/series.php?id=8569

These are just merged by date of issue … I see designs mixed over several of your “series”. These series don't give me any more informatio … i would even suggest to delete and start anew.

I will redo the series of Romanian Banknotes this week when i have some free time. I will separate them by another better criterion.

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 27 Kas 2024, 16:56 #
Edited: 27 Kas 2024, 17:13

Edited…

Best regards, GuGa

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 27 Kas 2024, 17:12 #
Edited: 29 Kas 2024, 05:58

coleccionador
Changes for Hyperinflation & Chronic Inflation notaphilists and appreciators:

I made a request to regroup some (inflation issued) banknotes (P#49-61) from Romania into series (according to WPM catalog).

🇷🇴 Romania • Currency: First leu (1867-1947) • Series: 1940-1947 “Inflation” Issue
https://numista.com/catalogue/index.php?se=8583&ct=banknote&p=1

@SpuDy sent rectification request aggregating all banknotes in single 1940-1947 “Inflation” Issue (according to WPM catalog).

Post edited above.

P.S. Nevertheless feel free (anyone) to write suggestions and make contributions…

Best regards, GuGa

ThePoet

Joined: 13 Ara 2017
Posts: 313

Posted: 27 Kas 2024, 18:35 #

Gus: I watched Episode one of The Hidden Secrets of Money. My points align with it. Be careful with shows like this as they are advertisements for the product they wish to sell. I agree with many of the points made in the video but have some caveats about it. View it as a fundamental marketing strategy before you act on it. Athough I will say as a coin collector too, I have done some silver hoarding. It is not as valuable as gold but is more fungible as it tends to come in smaller sizes than gold.

Regards Dave W.

coleccionador

Joined: 22 May 2024
Posts: 18

Posted: 28 Kas 2024, 21:22 #

ThePoet
(…) Be careful with shows like this as they are advertisements for the product they wish to sell. I agree with many of the points made in the video but have some caveats about it. View it as a fundamental marketing strategy before you act on it.

Sure! Yes, I totally agree with you! And I forgot to mention: watch all videos except video #6 (when the “marketing strategy comes in”)…

Athough I will say as a coin collector too, I have done some silver hoarding. It is not as valuable as gold but is more fungible as it tends to come in smaller sizes than gold.

Wise strategy of yours, Dave! Better safe than sorry…always!

Best regards, GuGa

Forum »

Banknote information and questions

» Forum policy

Used time zone is UTC+2:00.
Current time is 08:57.