Monday, September 29, 2014

Rare £1,000 banknote is expected to sell for £20k!

A rare £1,000 banknote is expected to sell for 20 times its face value!

The high value note was issued in 1935, when it could buy you two average-sized homes and was worth five times the average salary. We wouldn't fancy walking around with that in our back pocket!

But everything higher than a £5 note was pulled out of circulation after a Nazi plot to flood wartime Britain with forged money was discovered.

The planned plot would put £130m of fake currency into the economy, so the banks acted quickly to pull notes higher than £5 out of circulation.

Those notes taken out of circulation were destroyed - but 63 of the £1,000 notes were unaccounted for and it's thought that at least 20 still exist somewhere.

Although £1,000 would now be worth around £30,000 in this economy, it is expected that the note will fetch around £20,000 at auction.

We still wouldn't mind having that!

Courtesy Chanel O'Etienne, Reveal, Sep 29 2014

Saturday, September 27, 2014

Myanmar to Issue New 5000 Kyat Bank Notes

The Central Bank of Myanmar will introduce a new Ks 5,000 bank note on October 1, 2014 in order to prevent counterfeiting, it said on September 18.

The new bank note will be varnished and its quality higher than the current Ks 5,000 notes in circulation. It will be the same size, colour and design of the notes now circulating, which will continue to be used.

The new notes will last longer and be cleaner, the central bank said.

The announcement follows recent media reports that counterfeit Ks 5,000 and Ks 10,000 bank notes are circulating widely. Police seized eight counterfeit Ks 10,000 bills and a printer allegedly used to make them on September 12 in Yangon’s Tamwe Township.

Sunday, September 21, 2014

Sculpture of Eleanor Rigby Made from £1 Million Bank Notes

Leonard J Brown's 'million pound bag lady' Eleanor Rigby

A sculpture of Eleanor Rigby made out of £1million worth of old bank notes is on show at the Museum of Liverpool.

The artwork was created by Liverpool-born sculptor Leonard Brown to honour the well known character made famous by the Beatles song bearing her name.

He made the five foot two inch sculpture using thousands of shredded £5, £10 and £20 notes supplied by the Bank of England.

Leonard, who is originally from Dingle, but has lived in Yorkshire for 40 years, hopes his creation will demonstrate the relationship between wealth and poverty.

He said: “The sculpture serves to show people that money isn’t the only way to make you happy, or indeed ‘buy you love’ and we should all be thankful for what we have. “There are people in every town and city like Eleanor Rigby who live a lonely life, and whose only worldly goods are kept in the bags that they carry.”

A note accompanying the sculpture reads ‘I cried because I had no shoes, until I saw a man who had no feet’, a saying which Leonard says he was often reminded of as a youngster growing up in Liverpool.

The artist says he remembers Post-War Liverpool waterfront as a derelict area following heavy bombing of the city.

The sculpture is made from thousands of shredded £5, £10 and £20 notes supplied by the Bank of England

As a child he and his friends played in the area, running in and out of dock buildings and across the Hartley Bridge, which joins Mann Island and the Albert Dock next to the Museum of Liverpool.

He said: “To have this sculpture on display here in my home city, and on the site of the place I used to play as a young boy, is absolutely phenomenal and a dream come true. I left the city in 1966 to pursue a career as a singer in the Channel Islands, but I still have the accent and will always be a proud Liverpudlian.”

In order to get the high quantity of bank notes he needed to create his Eleanor Rigby sculpture, Leonard had to go straight to the top and started off trying to contact the Governor of the Bank of England to grant his request for £1million bank notes.

After months of discussion, he was invited to London to pick up the notes, which were given to him in the form of shredded pellets. £300,000 worth of the notes make up some of the materials that fill the chest cavity, and the rest of the pellets were then mashed and moulded over a steel frame bound in wire, to create the figure.

Leonard says he was inspired to create the sculpture after seeing an old lady – much like Eleanor Rigby - carrying a large number of bags through the centre of Hull where he now lives.

The sculpture took six months to complete and was finished in August 2013. It will be displayed in the atrium of the Museum of Liverpool until January 2015.

Courtesy Helen Davies, Liverpool Echo, September 21, 2014

Tuesday, September 16, 2014

Iraq Issued a New 10,000 Dinars 2014 Note

The Central bank of Iraq has issued a newly designed 10,000 Dinars note on August 7, 2014. The new note includes additional security features.

The most significant change is the replacement of the image of Abu Ali al Hassan ibn al Haitham on the front with the image of the Freedom Monument in Baghdad designed by the artist (Jawad Salim).

The design on the back remains essentially the same as the current note, showing the picture of Hadba minaret in Mosul.

Sunday, September 14, 2014

Brazil 10,000 Cruzeiros Reais (1994) - The note that was never issued

History: The Cruzeiro Real (CR $) was the monetary standard in Brazil between August 1, 1993 to June 30 1994. High rates of inflation that marked the year 1993 led the government of president Itamar Franco to create the Cruzeiro Real, equivalent to one thousand Cruzeiros. No coins were issued with values in cents for this currency, the cents being the previous Cruzeiros bank notes in the ratio of 10 "Cruzeiros" per penny. The big news in the visual appearance of the bank notes of CRUZEIRO REAL (of 1993/94), was the use of regional human characters, depicted by their specific elements (urban aspects, activities and tools). According to these parameters, banknotes that entered circulation were "Gaucho" and "Baiana", respectively CR $ 5,000.00 and CR $ 50,000.00. The launch of the note of CR $ 10,000.00 was planned to take place in 1994. The theme chosen to be stamped was the "Rendeira" (the "Lacemaker woman").

In July 1994, with the implementation of "Real Plan", the "Rendeira" project was aborted. The new monetary unit, Real, then appeared.

The obverse shows the Rendeira with the words: "Praise the Lord" and "Rendeira". Vertically the symbol and the name of the printing company "CASA DA MOEDA DO BRASIL".

The reverse shows three generations of women working in the manufacture of lace, with the description "Rendeiras de Bilro". Tools are shown, especially a pair of sandals, container with line / scissors / needle, cylindrical pillow and bobbins.

Courtesy Dinheiro de Metal. Many thanks to Nichola Viggiano for refering and translating this article.