An interesting article on bitcoins, a kind of virtual currency.
It gives an interesting angle on virtual currency and shows some facts in terms of human behaviour and perception towards collectibles and alternative sources of currency. Enjoy the read!
Forbes article on Bitcoins
Paul's Numismatic Passions
Wednesday, 11 December 2013
Tuesday, 19 November 2013
Tips on Proper Currency Storage
Hi,
How have you guys been. I hope you have been enjoying reading my blog posts. Back to work this week and been pretty busy. But there is always time to blog about my passion.
I have been having a few requests recently on writing a post on proper currency storage and what to do to ensure that the notes that you hold in your collection withstand the test of time and remain in pristine condition.
Before you understand how to store your notes, it's important to know what are the various kinds of damage to your notes and what are those causes. I will then share some important yet simple ways to properly store your notes to allow you generations of enjoyment.
1. Foxing
- Foxing is actually a collector's usual way of describing a note that has discoloured over time. Typically the note will experience brown spots or shades and is usually caused by mold or fungal growth on the paper. It may also be caused by natural paper oxidation especially on older notes. Foxing is a natural ageing process of the note and may not be uncommon even for extremely well kept notes.
- Below is a picture of a note with natural foxing. Notice the brown spots on the bottom left of the note below the serial number.
How to prevent or reduce foxing?
- To reduce fungal or mold growth it is important to reduce or eliminate moisture from the environment that the note is stored. This will help prevent mold from existing in the environment.
- As per my picture below I have a Thirsty Hippo placed in my safe to absorb all moisture in the enclosed environment. This greatly helps reduce moisture and thus potential mold growth.
2. PVC Damage
- Another relatively common currency damage that occurs but is not frequently realised by collectors is the forming of a waxlike substance on the note. This is caused by storing the note in most normal plastic sheets or folders which usually contain PVC.
The PVC deteriorates and then reacts with the note over a long period of time and emits acids and gases which will transfer into the paper. This will cause the notes to appear as if soaked in oil, or so brittle as to shred at the slightest touch.
How to prevent or eliminate PVC damage?
- The other option available is to purchase plastic holders or sheets that are made of inert materials. A common and favourite option amongst collectors are Mylar sheets, although they can be hard to locate and not a very cheap option. Another less common but more expensive option is to use Polyethylene a softer, clear inert plastic often used in sleeves for photographs or other display mounts.
3. Note Inherent Vice
I hope the above tips and sharing have been useful for you. I sincerely hope it will help preserve your precious collections and help showcase them for many years to come. Please drop a positive comment if you like this post and many thanks for your encouragement!
Best,
How have you guys been. I hope you have been enjoying reading my blog posts. Back to work this week and been pretty busy. But there is always time to blog about my passion.
I have been having a few requests recently on writing a post on proper currency storage and what to do to ensure that the notes that you hold in your collection withstand the test of time and remain in pristine condition.
Before you understand how to store your notes, it's important to know what are the various kinds of damage to your notes and what are those causes. I will then share some important yet simple ways to properly store your notes to allow you generations of enjoyment.
1. Foxing
- Foxing is actually a collector's usual way of describing a note that has discoloured over time. Typically the note will experience brown spots or shades and is usually caused by mold or fungal growth on the paper. It may also be caused by natural paper oxidation especially on older notes. Foxing is a natural ageing process of the note and may not be uncommon even for extremely well kept notes.
- Below is a picture of a note with natural foxing. Notice the brown spots on the bottom left of the note below the serial number.
 |
| Foxing on bottom left of note |
How to prevent or reduce foxing?
- To reduce fungal or mold growth it is important to reduce or eliminate moisture from the environment that the note is stored. This will help prevent mold from existing in the environment.
- As per my picture below I have a Thirsty Hippo placed in my safe to absorb all moisture in the enclosed environment. This greatly helps reduce moisture and thus potential mold growth.
 |
| Thirsty Hippo in my Safe |
2. PVC Damage
- Another relatively common currency damage that occurs but is not frequently realised by collectors is the forming of a waxlike substance on the note. This is caused by storing the note in most normal plastic sheets or folders which usually contain PVC.
The PVC deteriorates and then reacts with the note over a long period of time and emits acids and gases which will transfer into the paper. This will cause the notes to appear as if soaked in oil, or so brittle as to shred at the slightest touch.
How to prevent or eliminate PVC damage?
- This is my favourite option. Just send your quality note to a grading house like PMG for grading and problem solved. The pouch that PMG or any professional grading house uses is made of inert material which doesn't contain any PVC.
Clear enclosures for your collections should be made from an inert, clear material. Inert means chemically stable—it will not react chemically with other materials (such as your collection).
 |
| Note stored in PMG folder made of inert material |
- The other option available is to purchase plastic holders or sheets that are made of inert materials. A common and favourite option amongst collectors are Mylar sheets, although they can be hard to locate and not a very cheap option. Another less common but more expensive option is to use Polyethylene a softer, clear inert plastic often used in sleeves for photographs or other display mounts.
3. Note Inherent Vice
- This is also a relatively common note damage and I'm sure this had been experienced by some of us before. Note inherent vice is a professional term used by archivers and is just a term to describe the kind of damage that is caused when two materials are in close proximity with each other and have an adverse reaction.
This is most commonly seen when two or more notes are stacked and stored together. Over time as the notes react to each other the deterioration will cause the paper to turn yellow or brown and become brittle. With this break down of the cellulose fibers, the paper literally falls apart slowly over time.
This is most commonly seen when two or more notes are stacked and stored together. Over time as the notes react to each other the deterioration will cause the paper to turn yellow or brown and become brittle. With this break down of the cellulose fibers, the paper literally falls apart slowly over time.
How to prevent Note Inherent Vice?
- Store your notes individually, simple as that! Even for a series of running number notes it is important to store each note individually in proper inert plastic folders.
- If you have a large series of running number notes a good alternative way is to slot in individual Mylar sheets between your notes.
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| Mylar sheet between two notes |
I hope the above tips and sharing have been useful for you. I sincerely hope it will help preserve your precious collections and help showcase them for many years to come. Please drop a positive comment if you like this post and many thanks for your encouragement!
Best,
Paul's Numismatic Passions
Saturday, 16 November 2013
Charity Auction
Just did a mini charity auction with the proceeds donated to the Singapore Red Cross's efforts for Typhoon Haiyan in the Phillipines.
The item that was up for bidding was from my personal collection, a solid 7s Singapore $50 Portrait note. It went for S$185 to the highest bidder on my facebook group page, Paul's Numismatic Passions.
Really glad and humbled to have been able to do a small part for humanity and leveraging on our passion to help others in greater need. My heartfelt thanks goes out again who actively participated!
Paul's Numismatic Passions
The item that was up for bidding was from my personal collection, a solid 7s Singapore $50 Portrait note. It went for S$185 to the highest bidder on my facebook group page, Paul's Numismatic Passions.
Really glad and humbled to have been able to do a small part for humanity and leveraging on our passion to help others in greater need. My heartfelt thanks goes out again who actively participated!
Paul's Numismatic Passions
Friday, 15 November 2013
PMG Exceptional Paper Quality (EPQ) - Worth the Fuss?
Hi
Yes my subject title is right. I'm wondering......is the EPQ designation by PMG worth all the fuss and possibly a higher premium value on the note? My writeup below is focussing on PMG. Do note that other rating agencies also use a similar acronym like PPQ short for 'Premium Paper Quality' used by PCGS Currency.
Background
The EPQ designation was formulated to be used on their pouches by PMG in November 2005. The definition of EPQ as taken from their website is:
PMG uses the designation Exceptional Paper Quality (EPQ) for notes that, in the opinion of PMG graders, are original. By original, we mean that a note has not been physically, chemically, or materially processed to lend the appearance of a higher grade. PMG graders examine the embossing, inks, and overall integrity of each note to make the determination whether it will qualify for EPQ. Notes exhibiting normal wear-and-tear for their respective grades are eligible; normal wear may include factors affecting grade such as counting marks and folds. Notes receiving the EPQ designation must furthermore be unrestored. A restored note has had non-original material added to bring its appearance to a known or assumed state.
Commentary
What does the above mean? Does this mean that notes without an EPQ designation have been adversely processed before? But if so, wouldn't the note have received a 'Net' grade instead with the relevant adverse reason provided.
This is in my opinion one of the largest paradoxes in the currency grading industry, which I shall attempt to better answer.
I found this explanation from this website below which in my opinion bests answer this question:
PMG EPQ explained
Many people ask about the difference between PPQ/EPQ notes and the others. First off, we dealers refer to them as Q'd (pronounced Queued ~ google it to pronounce it) and Flat. The grading services either assign a Q (PPQ or EPQ) or it's known as Flat. The term Flat came about because a typical rule of thumb is that Flat notes lack the originality of the "paper wave" -- the naturally ocurring wave that original paper money has (yes I know that's redundant). Flat notes occur because of the way they were stored, or they have been pressed flat intentionally. Sure the Q'd notes bring a little more money but the flat notes can be just as appealing to the eye!
Conclusion
So conclusion, are notes that have been rated EPQ worth the extra premium? Most probably yes. However a note that doesnt have a EPQ designation doesn't necessarily mean its adverse. It could have been due to pressing or the way the note has been stored that may have caused it to lose its natural paper wave. I have seen the so called waves on notes and it actually occurs due to the natural aging of notes, together with foxing. However please note that in my opinion notes that do not have the EPQ designation are in no terms adverse. In fact these notes are still very valuable and collectible. I asked one of the owners of one of the main local auction houses before, if he had to choose between a lower graded note of lets say 58 EPQ or a note that is graded 62, he would choose the higher grade anytime.
So to conclude, use the EPQ designation more as a guide to signify the ability of the previous owner to have kept the originality of the note well and possibly help add some increased premium to the value of the note. That's all there is to it and it shouldnt result in a crazy price premium that doesnt make sense.
Hope the above sharing has helped shed some learnings on this paradox.
Sincerely
Paul's Numismatic Passions
Yes my subject title is right. I'm wondering......is the EPQ designation by PMG worth all the fuss and possibly a higher premium value on the note? My writeup below is focussing on PMG. Do note that other rating agencies also use a similar acronym like PPQ short for 'Premium Paper Quality' used by PCGS Currency.
Background
The EPQ designation was formulated to be used on their pouches by PMG in November 2005. The definition of EPQ as taken from their website is:
PMG uses the designation Exceptional Paper Quality (EPQ) for notes that, in the opinion of PMG graders, are original. By original, we mean that a note has not been physically, chemically, or materially processed to lend the appearance of a higher grade. PMG graders examine the embossing, inks, and overall integrity of each note to make the determination whether it will qualify for EPQ. Notes exhibiting normal wear-and-tear for their respective grades are eligible; normal wear may include factors affecting grade such as counting marks and folds. Notes receiving the EPQ designation must furthermore be unrestored. A restored note has had non-original material added to bring its appearance to a known or assumed state.
Commentary
What does the above mean? Does this mean that notes without an EPQ designation have been adversely processed before? But if so, wouldn't the note have received a 'Net' grade instead with the relevant adverse reason provided.
This is in my opinion one of the largest paradoxes in the currency grading industry, which I shall attempt to better answer.
I found this explanation from this website below which in my opinion bests answer this question:
PMG EPQ explained
Many people ask about the difference between PPQ/EPQ notes and the others. First off, we dealers refer to them as Q'd (pronounced Queued ~ google it to pronounce it) and Flat. The grading services either assign a Q (PPQ or EPQ) or it's known as Flat. The term Flat came about because a typical rule of thumb is that Flat notes lack the originality of the "paper wave" -- the naturally ocurring wave that original paper money has (yes I know that's redundant). Flat notes occur because of the way they were stored, or they have been pressed flat intentionally. Sure the Q'd notes bring a little more money but the flat notes can be just as appealing to the eye!
Conclusion
So conclusion, are notes that have been rated EPQ worth the extra premium? Most probably yes. However a note that doesnt have a EPQ designation doesn't necessarily mean its adverse. It could have been due to pressing or the way the note has been stored that may have caused it to lose its natural paper wave. I have seen the so called waves on notes and it actually occurs due to the natural aging of notes, together with foxing. However please note that in my opinion notes that do not have the EPQ designation are in no terms adverse. In fact these notes are still very valuable and collectible. I asked one of the owners of one of the main local auction houses before, if he had to choose between a lower graded note of lets say 58 EPQ or a note that is graded 62, he would choose the higher grade anytime.
So to conclude, use the EPQ designation more as a guide to signify the ability of the previous owner to have kept the originality of the note well and possibly help add some increased premium to the value of the note. That's all there is to it and it shouldnt result in a crazy price premium that doesnt make sense.
Hope the above sharing has helped shed some learnings on this paradox.
Sincerely
Paul's Numismatic Passions
Tuesday, 12 November 2013
Collectors Auction House Review
Hi
I received an email today from Numismatic Guaranty Corporation or NGC for short. The email was from a relatively new online auction house, Collectors Auction House.
I did a read up on their website and had some correspondence with someone from the house. I think its a great idea as they allow buying and selling of notes purely via an online platform, primarily via Liveauctioneers.com.
For those of us who choose to bid purely online, this presents an opportunity to significantly reduce both buyer and seller costs. I've attached the auction cost details via an email correspondence screenshot below.
Of course, this definitely doesnt mean that the brick and mortar auction houses are a thing of the past. For most of us who prefer to see the physical note and prefer to deal with the traditional big houses, the traditional auction houses are still the most welcome option. Also, from the values transacted so far the traditional auction houses still have managed to garner much higher auction values for sellers.
Nevertheless, this still presents an excellent and viable alternative for those of us who usually bid online and would like to give a new player an opportunity to establish themselves further. A result is a growing presence for them and significant discounts for both buyers and sellers. This to me is a win-win scenario and as always, who doesn't like this?
Conclusion:
Traditional auction houses are still here to stay, but the emergence of pure online players like Collectors Auction House present significant opportunities for the numismatic community.
This would only help grow and preserve the interest and presence of currency collections for many generations to come.
*All comments are proprietary, objective and formed by me and there has been no endorsement by any organisation. Please form your own views and analysis in making your numismatic decisions.
For more details of this auction house please visit:
Collectors Auction House
Sincerely,
Paul's Numismatic Passions
I received an email today from Numismatic Guaranty Corporation or NGC for short. The email was from a relatively new online auction house, Collectors Auction House.
I did a read up on their website and had some correspondence with someone from the house. I think its a great idea as they allow buying and selling of notes purely via an online platform, primarily via Liveauctioneers.com.
For those of us who choose to bid purely online, this presents an opportunity to significantly reduce both buyer and seller costs. I've attached the auction cost details via an email correspondence screenshot below.
Of course, this definitely doesnt mean that the brick and mortar auction houses are a thing of the past. For most of us who prefer to see the physical note and prefer to deal with the traditional big houses, the traditional auction houses are still the most welcome option. Also, from the values transacted so far the traditional auction houses still have managed to garner much higher auction values for sellers.
Nevertheless, this still presents an excellent and viable alternative for those of us who usually bid online and would like to give a new player an opportunity to establish themselves further. A result is a growing presence for them and significant discounts for both buyers and sellers. This to me is a win-win scenario and as always, who doesn't like this?
Conclusion:
Traditional auction houses are still here to stay, but the emergence of pure online players like Collectors Auction House present significant opportunities for the numismatic community.
This would only help grow and preserve the interest and presence of currency collections for many generations to come.
*All comments are proprietary, objective and formed by me and there has been no endorsement by any organisation. Please form your own views and analysis in making your numismatic decisions.
For more details of this auction house please visit:
Collectors Auction House
Sincerely,
Paul's Numismatic Passions
Monday, 11 November 2013
Singapore Orchid Prices
Hi,
As you would know the recent auctions have resulted in a marked increase in the prices of Orchid notes especially those signed by GKS. Below is a catalogue shared by a fellow collector Alan, of the 2012 prices of Orchid notes and are in Ringgit terms.
Using the above as a benchmark and coupled with the recent auction activity and prices in 2013, this is my analysis of where the prices are at now and for the following year.
My analysis is on the conservative scale, priced in SGD and specifically for GKS signed UNC notes. You can determine the proxy price of the other orchid notes accordingly from the below.
Nov 2013 Nov 2014
$1 GKS Orchid S$30 S$40
$5 GKS Orchid S$4,000 S$4,500
$10 GKS Orchid S$500 S$600
$50 GKS Orchid S$500 S$700
$100 GKS Orchid S$3,000 S$4,000
S$1000 GKS Orchid S$2,000 S$2,500
Paul's Numismatic Passions
As you would know the recent auctions have resulted in a marked increase in the prices of Orchid notes especially those signed by GKS. Below is a catalogue shared by a fellow collector Alan, of the 2012 prices of Orchid notes and are in Ringgit terms.
Using the above as a benchmark and coupled with the recent auction activity and prices in 2013, this is my analysis of where the prices are at now and for the following year.
My analysis is on the conservative scale, priced in SGD and specifically for GKS signed UNC notes. You can determine the proxy price of the other orchid notes accordingly from the below.
Nov 2013 Nov 2014
$1 GKS Orchid S$30 S$40
$5 GKS Orchid S$4,000 S$4,500
$10 GKS Orchid S$500 S$600
$50 GKS Orchid S$500 S$700
$100 GKS Orchid S$3,000 S$4,000
S$1000 GKS Orchid S$2,000 S$2,500
Paul's Numismatic Passions
Sunday, 10 November 2013
Numismatist Shops in Singapore
I've collated a list of Numismatic shops in Singapore for your currency hunting. This has been sourced from www.eguide.com.sg. Do add more comments if you know of other shops as well.
Cheers!
Cheers!
The Singapore Mint Coin Gallery
65662626
Jurong East, Singapore
- Coin Dealers
- -
- Gold Coins
- -
- Bank Notes Dealers
Far East Stamp & Coin Centre
63396808
High Street, Singapore
- Coin Dealers
- -
- Gold Coins
- -
- Bank Notes Dealers
Clifford Numismatic & Collectible Centre
63373898,62231044,62249192
High Street, Singapore
- Coin Dealers
- -
- Gold Coins
China Jia Long Coin & Antiquities
62952777
North Bridge Road, Singapore
- Coin Dealers
- -
- Gold Coins
- -
- Bank Notes Dealers
Numis-Phil (S) Pte Ltd
62254489
Jalan Kayu, Singapore
- Coin Dealers
- -
- Gold Coins
- -
- Bank Notes Dealers
Collectibles as investments
Good Sunday Afternoon.
I chanced upon this rather interesting article on the web on the Business Standard website. Quite an interesting read regarding numismatic investments. It helped reinforce the importance of focus and the ability of holding onto your portfolio for the long term in order to reap maximum benefits.
Enjoy the read!
Article on currencies as investments
Sincerely
Paul's Numismatic Passions
I chanced upon this rather interesting article on the web on the Business Standard website. Quite an interesting read regarding numismatic investments. It helped reinforce the importance of focus and the ability of holding onto your portfolio for the long term in order to reap maximum benefits.
Enjoy the read!
Article on currencies as investments
Sincerely
Paul's Numismatic Passions
Thursday, 7 November 2013
Singapore Orchid Note Statistics
Hi,
Below are some statistics of Singapore Orchid notes. If you look at the prefix numbers closely you will see that not only are the GKS signed Orchid notes scarce, they are much more scarce by a large margin. As such, the price premiums of this series of notes are high and tend to increase over time, making them excellent numismatic investments.
Below are some statistics of Singapore Orchid notes. If you look at the prefix numbers closely you will see that not only are the GKS signed Orchid notes scarce, they are much more scarce by a large margin. As such, the price premiums of this series of notes are high and tend to increase over time, making them excellent numismatic investments.
Wednesday, 30 October 2013
Currency grading and my proxy views
Hi,
I have always wondered what do currency grades really mean and what does it mean to me in terms of investment value or even to a layman trying to make sense of it. Also, what grades are worth investing in and what I should be focussing my collecting efforts on to build a collection that is suitable for me.
I have dealt with bonds before and there is a pretty similar grid that is used to determine the investable grade of all kinds of bonds. I did a cross calibration and together with my analysis I have tiered the various PMG grades and done a proxy methodology in proving an easy map to help understand better the various investment tiers of notes.
Again this is purely based on my analysis together with a thorough calibration done solely by me. All this analysis was formulated by me and is proprietary. Also most of my comments are geared towards Orchid and GKS Orchids as this is my area of specialty.
It is also just to be used as a reference guide to help you and is in no way related to PMG other than the grading scale which I have used, that they have provided on their website:
http://www.pmgnotes.com/grading/grading-scale.asp
Hope the grid below has helped provide some additional value for all you fellow enthusiasts!
*Btw PNP is short for Paul's Numismatic Passions.
I have always wondered what do currency grades really mean and what does it mean to me in terms of investment value or even to a layman trying to make sense of it. Also, what grades are worth investing in and what I should be focussing my collecting efforts on to build a collection that is suitable for me.
I have dealt with bonds before and there is a pretty similar grid that is used to determine the investable grade of all kinds of bonds. I did a cross calibration and together with my analysis I have tiered the various PMG grades and done a proxy methodology in proving an easy map to help understand better the various investment tiers of notes.
Again this is purely based on my analysis together with a thorough calibration done solely by me. All this analysis was formulated by me and is proprietary. Also most of my comments are geared towards Orchid and GKS Orchids as this is my area of specialty.
It is also just to be used as a reference guide to help you and is in no way related to PMG other than the grading scale which I have used, that they have provided on their website:
http://www.pmgnotes.com/grading/grading-scale.asp
Hope the grid below has helped provide some additional value for all you fellow enthusiasts!
*Btw PNP is short for Paul's Numismatic Passions.
Currency Collecting Trends
Hi All
How have you guys been. Today I would like to share abit about trends I have noticed in the currency collection field.
I have been studying the price history and trends of various currency notes over the past 3 to 4 years. This study is based on various sources such as auction prices (after premium), dealer quotes, ebay prices (only on the quality notes sold), flea markets and of course interactions with fellow collectors.
In this numismatic field I have made some interesting and very useful observations. Am sharing them today to help spread knowledge and help you form a good background in this increasingly popular hobby.
1. Price trend of currency collections has been strong, seeing particular strength in the last 1-2 years. This has been fueled by an increase in collector interest and importantly a desire to diversy away from the usual investment areas and to invest in alternatives.
2. Even with the recent price strength, the Asian numismatic market still is in its infancy stage. The prices of the notes transacted still are around 40 to 50% of the worldwide valuations.
3. With the right note, grade, signature and even serial number, it is not improbable for the value of your note to double in value over the next 2 - 3 years. To better protect your note, it would be wise to store them in non-PVC plastic or have them pouched by PMG.
4. Collectors are more willing to pay price premiums over quality and scarce notes that are rated minimally PMG 55 rather than paying a low price for a better 'valued' note that has a perceived lower grade. Basically collectors want to collect quality rather than quantity.
5. For lower denominations, series of notes are far more popular vs a single piece. This is especially pleasing to look at as a collector as I have personally witnessed.
6. It is better to be focussed on a particular field than to be too distracted and try to collect too many notes. With a fixed amount of money available to spend, quality is particularly important.
7. It is also important to identify a credible source whereby you can obtain your notes from. It should be a reputable dealer or someone you can trust and has a reputation to uphold. As per my previous post on currency due diligence always request to inspect your notes before purchase.
*At the time of writing i am in the midst of creating an affordable, useful and handy currency essential kit to help you with this. Will update you guys when it's ready. :)
8. Most importantly, you need to enjoy your notes and make collection your primary focus. If you happen to make money from your passion it's always a bonus!
Happy Wednesday folks!
How have you guys been. Today I would like to share abit about trends I have noticed in the currency collection field.
I have been studying the price history and trends of various currency notes over the past 3 to 4 years. This study is based on various sources such as auction prices (after premium), dealer quotes, ebay prices (only on the quality notes sold), flea markets and of course interactions with fellow collectors.
In this numismatic field I have made some interesting and very useful observations. Am sharing them today to help spread knowledge and help you form a good background in this increasingly popular hobby.
1. Price trend of currency collections has been strong, seeing particular strength in the last 1-2 years. This has been fueled by an increase in collector interest and importantly a desire to diversy away from the usual investment areas and to invest in alternatives.
2. Even with the recent price strength, the Asian numismatic market still is in its infancy stage. The prices of the notes transacted still are around 40 to 50% of the worldwide valuations.
3. With the right note, grade, signature and even serial number, it is not improbable for the value of your note to double in value over the next 2 - 3 years. To better protect your note, it would be wise to store them in non-PVC plastic or have them pouched by PMG.
4. Collectors are more willing to pay price premiums over quality and scarce notes that are rated minimally PMG 55 rather than paying a low price for a better 'valued' note that has a perceived lower grade. Basically collectors want to collect quality rather than quantity.
5. For lower denominations, series of notes are far more popular vs a single piece. This is especially pleasing to look at as a collector as I have personally witnessed.
6. It is better to be focussed on a particular field than to be too distracted and try to collect too many notes. With a fixed amount of money available to spend, quality is particularly important.
7. It is also important to identify a credible source whereby you can obtain your notes from. It should be a reputable dealer or someone you can trust and has a reputation to uphold. As per my previous post on currency due diligence always request to inspect your notes before purchase.
*At the time of writing i am in the midst of creating an affordable, useful and handy currency essential kit to help you with this. Will update you guys when it's ready. :)
8. Most importantly, you need to enjoy your notes and make collection your primary focus. If you happen to make money from your passion it's always a bonus!
Happy Wednesday folks!
Tuesday, 22 October 2013
Interesting Facts about Goh Keng Swee (GKS) signed Orchid Notes
Paul Zhuang Oct 2013
Did you know that:
1. The seal on currency notes first appeared in 1970. The notes bore the seal and signature of Dr Goh Keng Swee (GKS), then Chairman of BCCS.
2. Dr Goh was reappointed as the Minister of Finance in 1967 when the British announced in July 1967 of their impending military withdrawal. Dr Goh was tasked to deal with the loss of 20% of the GDP with the withdrawal of the military spending. He also needed to weigh the total claims of the Ministry of Defence on the budget as against the claims by other ministries and in the context of the development of the whole economy.
The basic principles of Singapore's defence budget was subsequently established during his tenure together with the implementation of export oriented development policies.
3. GKS signed orchid notes are the rarest amongst the signatures as compared to Lim Kim San and Hon Sui Sen, as he was in office the shortest period of time. This made his signature the most scarce and as such the most valuable within the orchid series.
4. The highest price ever paid for a single GKS signed Orchid note (before auction premium of 18%) was S$2,800 for a GKS $10 Orchid note with solid 8s serial number. This was transacted in March 2012. This has recently been surpassed at a recent auction in Oct 2013 whereby a yet to be graded GKS $5 Orchid went for a nice $3,900 (before auction premium of 18%).
5. The $5 and $100 are the most sought after denominations of the GKS Orchid Series. The rest of the denominations such as the $1, $10 and $50 are also highly collectible, but are preferred in running series.
6. GKS Orchid Notes in the local numismatic community has often been described as a stable blue chip 'investment' as their prices have stably increased over the years. This to me is very important as it is not subject to wild price fluctuations we may witness in certain segments of the numismatic market.
7. GKS Orchid Notes are also in relatively high demand from overseas collectors.
Hope the interesting facts above have provided some useful information on Orchid Notes for you. Thanks for reading!
Sincerely
Paul's Numismatic Passions
Sincerely
Paul's Numismatic Passions
Monday, 21 October 2013
Orchid Currency Notes - Specialising in Goh Keng Swee (GKS) signed Notes. (For all enquiries please email paulsnumismaticpassions@gmail.com or drop a message in the shoutbox at the bottom of the page. Thank You)
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| GKS Orchid $5 Grade 65 Gem UNC EPQ - (Not for Sale) |
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GKS Orchid $5 Grade 58 Choice AUNC EPQ - (Not for Sale)
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GKS Orchid $100 Grade 55 AUNC EPQ - (Not for Sale)
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| GKS Orchid $10, Set of 2 Running Consecutive Numbers - Price Upon Ask (Available) |
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| GKS Orchid $1, Set of 10 consecutive running numbers, UNC condition - (Sold $350- 27 Oct 2013) |
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| GKS Orchid $1 pair, 1st piece AUNC, 2nd piece EF condition - Price $70 pair (Sold - 9 Nov 2013) |
| GKS Orchid $50 Grade Fine - Price S$200 (Sold 7 Nov 2013) |
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| GKS $10 Grade Very Fine - Price S$100 each (Available 1 piece, 1 Reserved) |
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| GKS $10 Grade Extremely Fine/AU - Price S$220 (Sold 7 Nov 2013 ) |
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| GKS $1 Grade Extremely Fine/AU - Price S$40 (Sold - 13 Oct 2013) |
Singapore Currency News Articles
I have chanced upon some interesting news articles, especially those that have reported on the numismatic value of GKS signed orchid notes. These further reinforced my passion and desire to build a valuable collection of his signed orchid notes.
Please note that these articles have been consolidated from fellow collectors both from the web and in person and being re-posted here. Happy reading!
Please note that these articles have been consolidated from fellow collectors both from the web and in person and being re-posted here. Happy reading!
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| News Article published on 6 July1988 |
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| News Article published on a Chinese Newspaper in 2013 |
Sunday, 20 October 2013
Commemorative Notes (For price and availability enquiries please email paulsnumismaticpassions@gmail.com or drop a message in the shoutbox at the bottom of the page. Thank You)
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| MAS $25 Commemorative Note, comes with original chequebook UNC condition- Price $130 (1 Available, 1 Reserved, 1 Sold on 13 Oct 2013) |
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| MAS $25 Commemorative Note, comes with original folder UNC condition - Price $120 (Reserved) |
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| Singapore and Brunei Interchangeability Agreement $20 Note UNC Condition - Price $30 (Sold) |
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| Singapore 25 Year Independence Commemorative $50 Note Extremely Fine Condition - Price $80 (3 Available, 1 Sold on 21 Oct 2013) |
International Banknote Society (IBNS)
Hi
I would like to share a bit more about the IBNS which I have joined as a member. The website is:
International Banknote Society (IBNS)
This is a good association to be a member of if you are keen to advance your study in the area of numismatics. Nothing beats understanding and reading more about your area of interest.
Hope the above information helps and happy studying!
I would like to share a bit more about the IBNS which I have joined as a member. The website is:
International Banknote Society (IBNS)
The International Bank Note Society (IBNS) was founded in 1961. It operates as a non-profit educational organization and in furtherance of such purpose, its objectives are to promote, stimulate, and advance the study and knowledge of worldwide banknotes and paper currencies and all matters related thereto along educational, scientific and historical lines. Currently the IBNS has over 2,000 members in more than 90 countries.
This is a good association to be a member of if you are keen to advance your study in the area of numismatics. Nothing beats understanding and reading more about your area of interest.
Hope the above information helps and happy studying!
Friday, 18 October 2013
Currency Note Due Diligence
Hi all visitors to my blog,
Today I came up with a simple but effective 3 step due diligence process on purchasing currency notes. I experienced the awful experience of having bought a washed note before from a flea market dealer and paid a hefty price for the lesson. As such I'm eager to share some simple tips on how to see if your note is genuine and whether it has been adversely processed or damaged before.
I also endeavour to check all the notes that I have displayed on this blog to ensure a pleasant and valued numismatic experience for all fellow collectors and newbies who are keen to keep a part of our nation's history. For anyone who would like me to help verify your old notes you can contact me on paulsnumismaticpassions@gmail.com for a free verification service. Sharing the passion :)
Do enjoy the read!
Step 1: Physical Examination
- Proper Due Diligence
Always request to physically inspect the note before purchase. Also insist to have the note removed from its lamination especially if the note is of significant value. Only notes that have been graded by 3rd party professional graders like PMG are fine to be kept in their certified pouched folder which preserves the note's value. Below is an example of a graded note by PMG based in the USA. You can trust the grade and authenticity of the note if it's been certified by a 3rd party grader. Notes that have been washed, damaged etc will be indicated by them as such.
- Visual inspection.
The colours on an original and unprocessed note should look vibrant and lively. The paper should also look whole and in a solid piece.
- Touch Inspection.
Feel whether the note is 'limp'. Limp would mean that the note doesnt feel crisp like a new note. Take a new paper dollar note and feel it. It should feel crisp, firm and have a nice whole texture. When a note has been washed it would feel limp and 'thinned'.
Step 2: Smell Examination
- Take the note and smell it. It shouldnt smell of any strong chemical smell. For eg. a note that has been washed with chlorox would have a strong bleach or chemical smell.
Step 3: UV examination
- You can use UV light to see if the note has been washed. In a dark place shine your UV light on the note to see if there are any blotches that are obvious tell-tale signs that the note has been washed.
Today I came up with a simple but effective 3 step due diligence process on purchasing currency notes. I experienced the awful experience of having bought a washed note before from a flea market dealer and paid a hefty price for the lesson. As such I'm eager to share some simple tips on how to see if your note is genuine and whether it has been adversely processed or damaged before.
I also endeavour to check all the notes that I have displayed on this blog to ensure a pleasant and valued numismatic experience for all fellow collectors and newbies who are keen to keep a part of our nation's history. For anyone who would like me to help verify your old notes you can contact me on paulsnumismaticpassions@gmail.com for a free verification service. Sharing the passion :)
Do enjoy the read!
Step 1: Physical Examination
- Proper Due Diligence
Always request to physically inspect the note before purchase. Also insist to have the note removed from its lamination especially if the note is of significant value. Only notes that have been graded by 3rd party professional graders like PMG are fine to be kept in their certified pouched folder which preserves the note's value. Below is an example of a graded note by PMG based in the USA. You can trust the grade and authenticity of the note if it's been certified by a 3rd party grader. Notes that have been washed, damaged etc will be indicated by them as such.
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| Certified note by PMG, as having grade of 55 and exceptional paper quality or EPQ indicated on the top right. |
- Visual inspection.
The colours on an original and unprocessed note should look vibrant and lively. The paper should also look whole and in a solid piece.
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| Example of a washed note. notice the colours especially on the orchids are dull. the paper also looks limp and soft. |
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| Example of an original note. the colours are vibrant and the paper is whole and firm. It is fine to have natural ripples on the note paper as this is part and parcel of the natural ageing of notes. Do not attempt to press these natural ripples as it may lower the value of the note. |
- Touch Inspection.
Feel whether the note is 'limp'. Limp would mean that the note doesnt feel crisp like a new note. Take a new paper dollar note and feel it. It should feel crisp, firm and have a nice whole texture. When a note has been washed it would feel limp and 'thinned'.
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| Example of a limp and washed note |
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| Example of a crisp and original condition note. |
Step 2: Smell Examination
- Take the note and smell it. It shouldnt smell of any strong chemical smell. For eg. a note that has been washed with chlorox would have a strong bleach or chemical smell.
Step 3: UV examination
- You can use UV light to see if the note has been washed. In a dark place shine your UV light on the note to see if there are any blotches that are obvious tell-tale signs that the note has been washed.
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| Notice the top middle part of the note. There are blotches which show that the note has been washed by chemicals before to lend an appearance of a higher grade. |
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| This is how an original note should look like. Notice the clarity of the note under UV light without any blotches. |
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| Notice how the security features are glowing clearly. No visible blotches on the note with perfect clarity. This note was certified with exceptional paper quality by PMG. |
Tuesday, 15 October 2013
Coins (For price and availability enquiries please email paulsnumismaticpassions@gmail.com or drop a message in the shoutbox at the bottom of the page. Thank You)
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| 1 of 500 limited pieces selected, 2013 Orchid Proof Silver $5 Coin, Nice Serial Number. Price Upon Ask (Available) |
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| Prince Charles and Princess Diana Wedding Commemorative Coin, 1980. Great as a birthday gift for those born in 1980 or to be kept as a momento. Price S$40 (Available) |
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| Queen Elizabeth 80th Birthday Commemorative Coin, 1980. Great as a birthday gift for those born in 1980 or to be kept as a momento. Price S$40 (Available) |
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| US $1 Eisenhower Coin - Apollo Design, 1977. Great as a birthday gift for those born in 1977 or to be kept as a momento. Price S$20 (Available) |
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| US $1 Kennedy Half Dollar Coin, 1972. Great as a birthday gift for those born in 1972 or to be kept as a momento. Price S$10 (Available) |
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| 25 Years of Singapore Independence $5 Coin - Price SS$20 (Available) |
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| SEA Games $5 Commemorative Coin - Price S$20 (Available) |
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| Commemorative United Nations $5 Coin 10 pcs set - Price S$150 (Available) |
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| 25 Years of Independence Commemorative Coin 1990. Great as a birthday gift for those born in 1990 or to be kept as a momento. Price S$20 (Available) |
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