Notes and what to keep

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aol
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Notes and what to keep

Postby aol » Mon Jun 26, 2017 1:34 pm

Hi All, I understand the idea of collecting coins
because they are easy to see where they are from
and whether its a commemorative edition etc
but with notes its a lot different,

so what do you collect when it comes to notes?
assuming you collect notes
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Montgomery Burns
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Re: Notes and what to keep

Postby Montgomery Burns » Tue Jun 27, 2017 5:35 pm

I am not a collector or an expert, but I'll go ahead and mention a few things to get the discussion started. In pure value terms, that of a note is determined by a function of these two:

Rarity - Some printer code-serial number combinations are rarer than others. For instance, notes with printer code H (De La Rue printer in the UK) are quite rare. Some denominations are more common than others. Production quantities flux through out the years. Certain "special" serial numbers (repeaters, consecutives, palindromes) should be watched for. Also, printing/production defects, such as double serial numbers or ostensibly bad cuts.

Condition - Uncirculated bills, obviously, will retain the most value. Value will decrease accordingly taking into account condition and rarity.


Sort of related to both of those things are notes getting pooled at any one time throughout the continent - these are new, uncirculated notes that may or may not be future classics! :)

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Re: Notes and what to keep

Postby lmviterbo » Tue Jun 27, 2017 11:49 pm

aol wrote:Hi All, I understand the idea of collecting coins
because they are easy to see where they are from

In fact, it's possible to derive from any Euro banknote's printer code (also known as "shortcode"):
  1. where the note was printed (first letter);
  2. what plate was used (three following digits);
  3. which position on the plate was the note printed (two last characters, that is, one letter and one digit).
Notes from the first position (A1) are valued among collectors around 10% more than any of the others. Notes from some plates are much rarer than others, either because the amount printed was scarce (tipically 1 million is a small figure here) or they're rarely found in circulation for known or unknown reasons.


Montgomery Burns wrote:Also, printing/production defects, such as double serial numbers or ostensibly bad cuts.

Beware that, just like coins or stamps, fake defects are often made to rip off the non-initiated, the most infamous being the fake misprints (or miscuts) of :note-5: X0659 and :note-10: X1017.

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Re: Notes and what to keep

Postby Montgomery Burns » Wed Jun 28, 2017 6:01 pm

lmviterbo wrote:Beware that, just like coins or stamps, fake defects are often made to rip off the non-initiated, the most infamous being the fake misprints (or miscuts) of :note-5: X0659 and :note-10: X1017.


Indeed. I was thinking of examples like the tenner seen in this post.

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ART
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Re: Notes and what to keep

Postby ART » Thu Jun 29, 2017 9:01 pm

I collect the notes of the first series by state and by signature (with several limitations to avoid excessive spending), while the Europe series only for single denomination and signature (even in this case with some limitations).
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Re: Notes and what to keep

Postby GWR7007 » Fri Jun 30, 2017 5:42 pm

First of all, I would not call myself a "real" collector. This is because I do not necessarily need notes in very good quality but take them out of circulation. Side remark: the same applies for coins.
I would rather describe my collection as one of notes I liked (for a certain reason) and therefore kept it.
I kept quite a lot of notes with the signature of the first ECB president, but as they were circulated ones, they were of course showing (strong) signs of use.
Apart from that, I kept some notes with - for me - rare combinations such as rather uncommon printers as mentioned above.
In genral, I do not keep many notes higher than :note-20: (for financial reasons). The few :note-50: (although not in good condition) were, again, rare printer/country combinations.
Additionally, I started with EBT ~five years ago. I was able to see the first generation of €-notes but saw it's withdrawl soon after that. Therefore, there wasn't a) the time to preserve notes in better quality and b) there weren't a lot of notes of the very early days of the Euro in good condition which are not owned by a merchant in bank notes. But then you pay way more than the value of the note and I am not willed to pay the prices they seem to ask. Otherwise I might have had some UNC notes of the combinations I kept.
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Re: Notes and what to keep

Postby aol » Sun Jul 02, 2017 8:54 pm

interesting posts, thanks all.

Just wondering if the Y codes on the Europa notes are rare?
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Re: Notes and what to keep

Postby romain17 » Sun Jul 02, 2017 9:49 pm

aol wrote:interesting posts, thanks all.

Just wondering if the Y codes on the Europa notes are rare?

Since end of 2016 :note-5: Y/Y are more and more common in :flag-fr: with lots of Y002 and now Y001 are laso visible more and more, because :flag-gr: is on of the 3 producers of :note-5: in 2017 !
Also :note-5: Y/Y are very common in :flag-it:
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Re: Notes and what to keep

Postby lmviterbo » Mon Jul 03, 2017 12:40 am

aol wrote:Just wondering if the Y codes on the Europa notes are rare?

romain17's answer is correct.

If you want to check any other combination, you may use some of the resources available. Here follows some detail on :note-5: Y/Y.


From EuroBillTraccker | Statistics | Diffusion:

Europa_5_Y_diffusion.png
Europa_5_Y_diffusion.png (23.91 KiB) Viewed 256 times


Europa_5_Y_Italy_diffusion.png
In Italy
Europa_5_Y_Italy_diffusion.png (131.21 KiB) Viewed 256 times


Europa_5_Y_Italy_2017-07_diffusion.png
In Italy this month
Europa_5_Y_Italy_2017-07_diffusion.png (30.87 KiB) Viewed 256 times



From the most detailed EBT statistics available (do not overuse this resource, please!):

Code: Select all

Updated: Mon Jun 26 04:42:39 EEST 2017
Please note: Rows with less than 10 notes are excluded, as they're likely errors.
Data source: www.eurobilltracker.com

+--------------+--------------------+--------+--------------------------+---------+-----------------+
| denomination | shortcode_detailed | serial | country                  | count   | firstappearance |
+--------------+--------------------+--------+--------------------------+---------+-----------------+
| 5            | Y001               | Y      | Austria                  |    7457 | 2015-06         |
| 5            | Y001               | Y      | Belgium                  |    1516 | 2015-06         |
| 5            | Y001               | Y      | Cyprus                   |      24 | 2015-11         |
| 5            | Y001               | Y      | Czech Republic           |      18 | 2016-09         |
| 5            | Y001               | Y      | Estonia                  |     241 | 2015-07         |
| 5            | Y001               | Y      | Finland                  |     766 | 2015-08         |
| 5            | Y001               | Y      | France                   |    1203 | 2015-05         |
| 5            | Y001               | Y      | Germany                  |    3114 | 2015-06         |
| 5            | Y001               | Y      | Greece                   |    6514 | 2015-04         |
| 5            | Y001               | Y      | Ireland                  |    1253 | 2015-06         |
| 5            | Y001               | Y      | Italy                    |   53360 | 2015-06         |
| 5            | Y001               | Y      | Latvia                   |      28 | 2016-09         |
| 5            | Y001               | Y      | Lithuania                |     268 | 2015-07         |
| 5            | Y001               | Y      | Malta                    |      74 | 2015-08         |
| 5            | Y001               | Y      | Monaco                   |      26 | 2016-01         |
| 5            | Y001               | Y      | Netherlands              |    1204 | 2015-06         |
| 5            | Y001               | Y      | Portugal                 |     313 | 2015-10         |
| 5            | Y001               | Y      | Slovakia                 |      83 | 2015-05         |
| 5            | Y001               | Y      | Slovenia                 |     814 | 2015-07         |
| 5            | Y001               | Y      | Spain                    |     411 | 2015-08         |
| 5            | Y001               | Y      | Switzerland              |      24 | 2016-06         |
| 5            | Y001               | Y      | United Kingdom           |      67 | 2015-11         |
| 5            | Y002               | Y      | Austria                  |     735 | 2015-08         |
| 5            | Y002               | Y      | Belgium                  |    1082 | 2015-08         |
| 5            | Y002               | Y      | Cyprus                   |      14 | 2016-03         |
| 5            | Y002               | Y      | Estonia                  |      57 | 2015-11         |
| 5            | Y002               | Y      | Finland                  |     225 | 2015-07         |
| 5            | Y002               | Y      | France                   |   10940 | 2015-09         |
| 5            | Y002               | Y      | Germany                  |    1555 | 2015-08         |
| 5            | Y002               | Y      | Greece                   |   13660 | 2015-06         |
| 5            | Y002               | Y      | Ireland                  |      25 | 2015-12         |
| 5            | Y002               | Y      | Italy                    |    4935 | 2015-07         |
| 5            | Y002               | Y      | Lithuania                |      45 | 2015-11         |
| 5            | Y002               | Y      | Malta                    |      12 | 2016-07         |
| 5            | Y002               | Y      | Netherlands              |     403 | 2015-09         |
| 5            | Y002               | Y      | Portugal                 |      70 | 2015-11         |
| 5            | Y002               | Y      | Serbia                   |      11 | 2016-05         |
| 5            | Y002               | Y      | Slovakia                 |      28 | 2015-10         |
| 5            | Y002               | Y      | Slovenia                 |     192 | 2015-12         |
| 5            | Y002               | Y      | Spain                    |      96 | 2015-11         |
| 5            | Y002               | Y      | Switzerland              |      19 | 2016-02         |
| 5            | Y002               | Y      | United Kingdom           |      12 | 2015-12         |


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