What premium "should" one pay for first 20th Century note in first series?

Discussion in 'Paper Money' started by iPen, Dec 24, 2015.

  1. iPen

    iPen Well-Known Member

    I'm wondering how much I should be paying above a "standard" number in a series, for the same condition, all else constant. For example, what should a 2008 Zimbabwe 100 trillion dollar serial # AA 0000000 go for compared to a standard bill like an "AA 1342039" serial number?

    Is there a premium that's generally known to apply for these first-in-a-series notes for 20th century world banknotes? I see that they go for extraordinary prices in general, so I want to know if I'd be overpaying if it's generally XXX% over other uncirculated notes in the series. Or, does it entirely depend on the specific country, denomination, year, etc.?

    Thanks in advance!
     
    Last edited: Dec 24, 2015
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  3. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Yes
    The Zimbabwe note is worthless even with a low serial number.
     
  4. iPen

    iPen Well-Known Member

    Thanks, I'll keep that in mind if I ever come across the first one of those (I only have the "typical" one, purchased for around $30).

    Do you happen to know around how much of a premium the first-in-series highest unissued 1990's hyperinflation notes from Srpska (Croatia) and Yugoslavia should go for?
     
  5. iPen

    iPen Well-Known Member

    Maybe it would be good to know if there are multiple AA 0000000 and other first-in-series printed... it seems that these are "specimens" and the first in series starts at, e.g., AA 0000001. If there are multiple AA 0000000 specimen notes, they probably won't be worth as much as the actual first note printed. Unless, of course, the AA 0000000 is actually the first unique note... not sure.
     
    jester3681 likes this.
  6. iPen

    iPen Well-Known Member

    Replying to my own quote lol... anyway, from what I've gathered and read from concurring multiple sources online, the AA 0000000, A 0000000, etc. are all specimens and have multiple quantities printed. So, they're not even as unique as, say, a one-of-a-kind AA 0054258 note as far as availability is concerned. And, although it does depend on the note, they can be worth far less than the "real" (non-specimen) versions intended for circulation. Earlier rare, scarce varieties, errors, etc. are a different story.
     
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