Thursday, January 28, 2010

Kazakhstan Issued 1000 Tenge Commemorative Banknote

By Nutmegcollector
January 28, 2010

The National Bank of Kazakhstan issued a new 1000 Tenge banknote on January 5, 2010 to commemorate the election of Kazakhstan to the presidency in the Organization on Security and Cooperation in Europe in 2010.

Obverse: State Emblem of the Republic of Kazakhstan on left upper corner, decorative image of flying birds in national style, face value in Kazakh language in the center, motives of Kazakh national patterns along the banknote, holographic image of Baiterek monument, colour-changing logo of National Bank of Kazakhstan on the right part.

Reverse: State Flag of the Republic on the left lower corner, Akorda palace of President of the Republic of Kazakhstan in the center with face value in Russian language, image of a bird and year of issue 2010, numerical indication of face value o n the left lower part, motives of Kazakh national patterns along the banknote.

Wednesday, January 27, 2010

New record set at auction for a chinese banknote for HKD$990,000

January 25, 2009

On the 23rd and 24th of January 2010, Spink held a magnificent sale of Stamps, Banknotes, Coins and Bonds of Hong Kong and China, at the Landmark Mandarin Oriental in Hong Kong. The sale featured a number of rare and valuable items which resulted in fantastic prices at auction including a new record for a Chinese banknote. This note was the first one yuan note available for public purchase and it caused quite the bidding frenzy on the day of the sale. A Taiwanese Collector was the lucky buyer in the end.

The highly valuable note features 2 black dragons signifying the prowess of the Emperor and Monarch and accordingly named as the "Ooi-Long note", in the middle "Xuan Tong Yuan Bao". The Kwangsi bank existed for a brief stint of less than 2 years before being reorganised in 1911 and the notes were subsequently recalled. To date, only 3 examples of this note have been discovered, and it is noteworthy that all 3 are believed to be in the hands of collectors outside Kwangsi.

Barnaby Faull, Director of Banknotes at Spink, commented, “This was an absolutely fantastic auction. We offered a fresh collection of Chinese notes from an English collector and the new material resulted in great interest from collectors around the world. The Chinese market is very buoyant and potentially unlimited and this was without doubt the finest sale to be held in Hong Kong for banknotes. The sale also featured a wonderful collection of coins and bonds. In the end, nearly HK$11 million was sold at auction on the day.”

Additional notes on the 1 yuan note:

In c.1909 the Qing dynasty restructured both the Imperial banks and the issuing authorities to establish the Kwangsi Bank. In the modern history of Chinese banknotes Kwangxi became the earliest province to have a bank. At that time, Xuan Tong Year 2 (1909), Kwangsi Bank issued their banknotes known to the Nan-Ning people as the "Ooi-Long note". This literally means black dragon note, and is highly sought after by collectors. The "Ooi-Long Note" was printed in Japan, with a print run of two hundred thousand for the 1 yuan denomination and two hundred thousand pieces for the 5 yuan denomination. According to a press release in Nan-Ning dated 9 June 2006, a collector chanced upon one of these rare examples of a $5 note in a Nan-Ning market place in April 1994, purchasing it at a very high price. The note was subsequently repurchased by Chinese officials.

Wednesday, January 13, 2010

Poland to Issue 20 Zlotych Frederic Chopin Commemorative

By Nutmegcollector
January 13, 2010

The National Bank of Poland plans to issue a new 20 Zlotych banknote to commemorate the 200th birthday of composer and pianist Frédéric Chopin.

Front: A portrait of Frederic Chopin seen in profile, the mansion in Zelazowa Wola where the composer was born, and a reproduction of one of the first edition of his works - Mazurka in B minor, Op. 7 together with the autograph of the artist.

Back: A landscape with characteristic Masovian willows and Chopin's etude in F minor, Op. 10.

So far, the NBP had issued three commemorative banknotes exclusively for the collector market. The first was a 50 Zlotych banknote dedicated to Pope John Paul II in 2006.

Two years later, in 2008, a 10 Zlotych banknote was issued to commemorate the NBP 90th anniversary of independence.

In 2009, a third 20 Zlotych banknote was issued on the occasion of 200th birthday of Julius Slowacki.

This is the fourth commemorative note issued by the NBP. This latest commemorative will go on sale in February or March 2010.

Wednesday, January 6, 2010

Chile Releases a New 10,000 Peso Banknote

By Nutmegcollector
Janauary 6, 2010

Banco Central de Chile unveils a new 10,000 Peso banknote on January 6, 2010. The new note retains the portrait of Captain Arturo Prat in the front.
The back shows a Chilean landscape.

The notes also incorporates improved features for the sight-impaired, and for anti-counterfeiting.

Scans courtesy of Claudio Marana