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HoneyBadger
After all these years...


Every collection has notes that are considered the keys to the collection. If you collect $5 1928 FRN's its the Dallas 1928A. If you collect small size $2 US Notes its the 1928B Star. Sometimes these notes are "get-able," sometimes they are near impossible.

Today, I just received the crown jewel of my Bahamas collection. I usually don't run out to post something right away but this one is different. The journey to find this note spans many years.

Because I am not really collecting Bahamian series 1965, 1968, and 1974 notes (the really crazy rare stuff), the only rare note outside those series is the $100 Series 1974 (ND 1984).

On paper this note should not be rare, and in truth there are a couple dozen known examples...but conditional factors place this note in exceptionally challenging territory.

Between Heritage, Stacks-Bowers, LynKnight and Spink, only 3 notes have been offered, as per the online archives. Only one of those being in GEM grade. The current PMG population stands at 15 total notes, with 2 in GEM 66EPQ and 1 in GEM 67EPQ.

Another factor that makes these so unique is not the rarity itself, but the tendency for these notes to park in a collection for an exceptionally long time. Take a look at Heritage, for instance, and take note how many times the scarcer $100 notes from the 1965, 1968 and 1974 series have appeared at auction. Also, note that Heritage has no listed archived sale of a 1974 (ND 1984) $100.

In short...finding this was tough.

100Bahamas.jpg 

Somewhere in California a man just groaned.  😉

FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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mebid2much
Great addition. Congrats.
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Steve in Tampa
Congratulations HB ! That has to be my favorite version of the portrait of the Queen...in the prime of both her life and her monarchy. Beautiful example.
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Numbersman
Gongrats! Just noticing....on your crown jewel she is wearing the Crown Jewels.
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as219
Well done.  That must have cost a pretty penny...
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tigertrader

Well done sir!

Congratulations!
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Scooter1
 🇧🇸 Beautiful Note 🇧🇸 Congratulations 👍
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mfontes
Outstanding note and congratulations. I know the feeling and excitement when you put a monster note in your collection and the feeling is awesome. 
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postalnotes
mfontes wrote:
Outstanding note and congratulations. I know the feeling and excitement when you put a monster note in your collection and the feeling is awesome. 


+1

Researching United States Postal Notes 1883-1894.

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HoneyBadger
as219 wrote:
Well done.  That must have cost a pretty penny...


One of the most expensive purchases I have made on a banknote...and most certainly on a world banknote.

But this purchase was quite rewarding. Patience and persistence paid off. The next most rare, but certainly more plentiful, note after this one is the $50 note of the same series. After that I am getting real close to completing my Bahamas collection .😊
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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TookyBandit
Way to go!!!
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oklahomadanny
Me thinks the HoneyBadger has a secret love for the Queen. 😍

Added: After thinking about it a better term would be a 'crush'. 😂
[Avengers100px][CIB3-2][geronimo2] 
  *Dad* 7/21/1916-12/22/2014 *WWII Veteran* Signal Corps *
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HoneyBadger
Me thinks the HoneyBadger has a secret love for the Queen. 😍


As a person of Norman descent, I have great appreciation for the Sceptered Isle.
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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postalnotes
Me thinks the HoneyBadger has a secret love for the Queen. 😍


. . . in his pocket was a portrait of the Queen.

Researching United States Postal Notes 1883-1894.

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oklahomadanny
BTW I dug out my old SCWPM after the comment on it 'costing a pretty penny". YIKES! Next ? is, is your 66Q note one of the two in the pop report? I ask because your note is in the newer PMG holder. I know your affinity for the Queen from your previous posts. For some reason a lot of us 'relate' to England as a parent. Maybe because of our language? A lot of my great grandparents are Swiss/Alsace-Lorraine/German immigrants.
[Avengers100px][CIB3-2][geronimo2] 
  *Dad* 7/21/1916-12/22/2014 *WWII Veteran* Signal Corps *
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HoneyBadger
BTW I dug out my old SCWPM after the comment on it 'costing a pretty penny". YIKES! Next ? is, is your 66Q note one of the two in the pop report? I ask because your note is in the newer PMG holder. I know your affinity for the Queen from your previous posts. For some reason a lot of us 'relate' to England as a parent. Maybe because of our language? A lot of my great grandparents are Swiss/Alsace-Lorraine/German immigrants.


OK. So, two answers. 

First, the English question. I could talk about this for hours, but I don’t want to turn this into an Off Topic discussion, so I will be brief. Why an affinity? Probably shared language, cultural and religious ties, I guess. Going by the families of my four grandparents, I am one part Norman (by House name I identify as Norman), two parts English and one part Scottish. Once I expand the genealogy out two more generations, my heritage becomes even more English.

The reason for this is actually not very surprising. My ancestors came to the New World through Virginia and settled all around Norfolk, VA on down through Coastal North Carolina...and there most of them remain to this day. There is a lot of British history where my people settled. From Jamestown, Virginia all the way down to the Lost Colony and Cape Hatteras. I have spent most of my life around Coastal NC and Norfolk, VA (of which this area of NC is more closely tied to than it is to the rest of the state)...hence the frequent Hurricane updates. 😋


——————————


As for the Bahamas $100 1974 (ND 1984) note. Yes, this is a modern world banknote monster. Most people just see it and think it is a piece of colorful Monopoly money, but it’s an extremely tough note. It is often confused with the $100 1974 (ND 1992) because of the usage of the same portrait and similar tint color, but the 1992 in 66 EPQ is only about a $1,500-$2,000 piece. 

I would have never thought in a million years that I would acquired the $100 from this series before the $50 (which is tough too, but nowhere near as much as the $100).

I am super excited!

Not sure if it is included in the population report.


ADDITIONAL INFORMATION: For reference, here are images of the $100 1974 (ND 1984) and the $100 1974 (ND 1992).

E11A1B61-52D9-46E6-B044-73E5CB1BFD2D.jpeg 

57CE7093-E1F1-498B-BBFB-D320CFFC82E6.jpeg 
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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as219
BTW I dug out my old SCWPM after the comment on it 'costing a pretty penny". YIKES! Next ? is, is your 66Q note one of the two in the pop report? I ask because your note is in the newer PMG holder. I know your affinity for the Queen from your previous posts. For some reason a lot of us 'relate' to England as a parent. Maybe because of our language? A lot of my great grandparents are Swiss/Alsace-Lorraine/German immigrants.


Not sure which edition of the SCWPM you're looking at, but The Banknote Book, which is much more up-to-date, lists this note as $8,000 in UNC.  

It's one of the interesting aspects of WPM collecting that you find these super-rare "modern" notes from time to time in unexpected places.  It makes bagging one of them all the more special... ðŸ˜„
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oklahomadanny
as219 wrote:


Not sure which edition of the SCWPM you're looking at, but The Banknote Book, which is much more up-to-date, lists this note as $8,000 in UNC.  

It's one of the interesting aspects of WPM collecting that you find these super-rare "modern" notes from time to time in unexpected places.  It makes bagging one of them all the more special... Ã°Å¸Ëœâ€ž
Have the 19th ed that shows $4000 for UNC. I have 3-4 chapters of The Banknote Book and it is a great reference. Don't do enough world paper to invest in a full subscription so appreciate your info. 👍 Curious what  that $100 was equivalant to in USD.
[Avengers100px][CIB3-2][geronimo2] 
  *Dad* 7/21/1916-12/22/2014 *WWII Veteran* Signal Corps *
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HoneyBadger
@oklahomadanny, the exchange rate value is 1:1 against the USD. 

What makes pricing these things so hard is the infrequent appearances in public auctions. This one came from the liquidation of a whole collection of Bahamian notes. This was one of the main prizes!
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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as219
HoneyBadger wrote:
@oklahomadanny, the exchange rate value is 1:1 against the USD. 

What makes pricing these things so hard is the infrequent appearances in public auctions. This one came from the liquidation of a whole collection of Bahamian notes. This was one of the main prizes!


You're completely right.  Ultimately, the "price" of a note is determined by the person who wants it second most of all, and when a note appears at auction so infrequently, it's very hard to predict what will happen.  

What continually amazes me, though, is how "affordable" the toughest WPM is relative to USPM.  I collect Egypt, which is a hot area.  The three absolute hardest notes, P1, P2 and P16 (issued) are going to cost low five-figures in any grade.  There are only a couple dozen P1 and P2 out there to begin with, and maybe a couple of issued P16s.  Unless I'm mistaken, US notes of that rarity are mid-to-high six figures.  I've put together a totally solid Egypt collection by spending less than $1,000 for 99% of my notes. Much more accessible.
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HoneyBadger
as219 wrote:


You're completely right.  Ultimately, the "price" of a note is determined by the person who wants it second most of all, and when a note appears at auction so infrequently, it's very hard to predict what will happen.  

What continually amazes me, though, is how "affordable" the toughest WPM is relative to USPM.  I collect Egypt, which is a hot area.  The three absolute hardest notes, P1, P2 and P16 (issued) are going to cost low five-figures in any grade.  There are only a couple dozen P1 and P2 out there to begin with, and maybe a couple of issued P16s.  Unless I'm mistaken, US notes of that rarity are mid-to-high six figures.  I've put together a totally solid Egypt collection by spending less than $1,000 for 99% of my notes. Much more accessible.


Great point!

There is so much affordable stuff out there. Makes you wonder if WPM is not the better deal right now. Who knows, maybe some day if things really heat up, we may look back and wish we could still buy at these prices.

I am putting together sets of all the major Commonwealth countries, and I can say most of them are relatively affordable, except the Bahamas.
FRN Collections Complete - 1928-1934 LGS: $5 [87%] - $10 [37%] - $20 [2%] - $50 [6%] - $100 [0%] - $500 [0%]

http://www.1928notes.com - If you have a new note to add, please let me know.
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