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20,000 Banknote Gallery Images: A Monumental Milestone


best paper money gallery on the internet

Having been taken over by Krause Publishing in the mid 1980's, the Standard Catalog of World Paper Money had a considerate head start when measured against RealBanknotes.com. And though the website is not in direct competition with the catalogue, I am proud to annouce that we have just recently achieved a huge target for our image gallery: that of 20,000 banknotes with front and back images. Our current database boasts roughly 47,500 banknotes listed, roughly based on the Modern Issues and General Issues of recent issues of the printed catalogues (but also including several hundred listings which are not in the catalogues). And also based on this, we are nipping at the heels of the catalogue, which advertises 25,750 images included in the books of which many are either front or back, but not both, and of which the vast majority is in black and white print.

Based on our strict gallery requirements for uploads, I may be too bold but will admit that I think that we have the best online gallery. Our images include front and back scans, as well as having a minimum dimension requirement which in itself exceeds even some of the larger galleries online. And all this has been done in the span of a mere 20 months!

But I do not write solely to boast. I encourage our visitors to become members, and our members to become contributors so that this gallery will set an unprecedented standard and volume of imagery and data for the hobby of our passion: the collecting of world paper money.

On that note a special thanks goes out to all those who have taken the time and gone through the trouble to contribute to the website. It just wouldn't be what it is without you. Special mention goes out to our member Cortes. Cheers!


best banknote gallery online

More Information About Proteus
By Proteus on 2014-09-17

On Bosnia and Herzegovina P-1 and P-2 notes

The Republic of Bosnia and Herzegovina proclaimed its independence from the former Socialist Federal Republic of Yugoslavia in March and gained international recognition in April of 1992, simultaneous with the breakout of the Bosnian war. During the war plenty of banknotes were issued -- some by the recognized government of the Republic, by some regional authorities, and some by the self-proclaimed “Serb Republic of Bosnia and Herzegovina”. Besides these notes, today one can find, both in the Standard Catalog of Paper Money and also on the numismatic market, some banknotes whose authenticity was never confirmed (e.g. P-53, P-54, P-55), and a lot of notes that are counterfeits, mostly being produced several years later specifically to defraud paper money collectors. These counterfeit and fake notes have flooded the numismatic market. Unfortunately, to this day they are offered and sold even by sellers with high seller reputation.

Two such “potentially problematic” notes are the Bosnia and Herzegovina P-1 and P-2 notes. These first banknotes of Bosnia and Herzegovina are the overprinted Yugoslavian notes P-106 (500 dinar) and P-107 (1000 dinar) from the 1st of March, 1990. They are emergency issues that were circulated between May and August 1992, and only in the area of the state capital Sarajevo under  siege by Serb forces. The National Bank of Yugoslavia (NBY) had stopped the supply in May 1992 to the National Bank of Bosnia and Herzegovina (NBBH) with the notes P-108, P-109, P-110 and P-111 (100, 500, 1000 and 5000) of the Yugoslavian dinar (YUN). That caused a shortage of banknotes in circulation, as the introduction of the own Bosnian-Herzegovinian currency was scheduled on the 1st of July, 1992.

Figures 1 and 2

Figure 1a: 500 Dinara from 1992 Figure 1b: 500 Dinara from 1992

The banknotes P-106 and P-107 were available in the treasury of the NBBH, since there was previously an exchange of these banknotes in circulation in December 1991, when the notes P-105, P-106 and P-107 had been withdrawn and replaced after the declaration of independence by Slovenia and Croatia, two other former Yugoslavian republics. The NBBH decided to use the notes at stand, manually stamping them with one of the six official round seals of the NBBH. Only notes that were previously in circulation have been sealed, therefore there cannot be any note P-1 or P-2 in uncirculated condition.

Figure 2: 1000 Dinara from 1992

Among the seals that were used are three smaller overprints (30mm in diameter) for the 500 dinar note, and three bigger overprints (48mm in diameter) for the 1000 dinar note. All of them have the name of the bank inscribed in Latin lettering at left, and Cyrillic lettering at right, with the coat of arms of the Republic centered on the seal (valid until 4th of May, 1992 but then not yet replaced), with numbers 1 or 2 or without them. Any other seal inscription is a clear sign of a fraud attempt – even those by Tuzla Agency for public accounting (Figure 3).  The NBBH was to perform stamping in the Tuzla area, but did not do so at that time.

Figure 3

Figure 3: 500 Dinara from 1992

The notes P-1 and P-2 were circulated until the 25th of August, 1992 and have been replaced by Bosnian-Herzegovinian dinar notes (P-10, P-11, P-12, P-13, P-14, P-15) and Sarajevo coupon issue (P-21 to P-27 for Sarajevo under  siege).  Today, the eBay search “Bosnia p1” or “Bosnia p2” would offer plenty of notes – which contradicts the very short time and small area where they had circulated. Most of those notes would look like the one in Figure 4.

Figure 4

Figure 4: 500 Dinara from 1992

Unfortunately, these notes have mostly the fake seals. The fake stamp for P-2 is easy to spot since the producers had made a grammatical error in the name of the bank in the Latin script. It says “NARODNA BANKA BOSNA I HERCEGOVINE”, which is a false genitive case of the word “Bosnia” – it should be “BOSNE”. This error occurs only on P-2b (number 1 on the seal). Also, the outer rings of the seal have unusually large white space between them, compared to the real seals (see Figure 2). All three real stamps for P-2 have the same form.

The same error is not to be found on the fake P-1 note, but we should observe the dominant one on the market: P-1b. In comparison to the other seals (see Figures P-1 and P-1b), their print is always very clear and precise, what is not the case with hand stamps. Figure 1b shows what P-1b should look like, P-1c is almost the same, while P-1 is different, shown on Figure 1a. My assumption is that here we have another argument for a forgery: the snowflakes on the seal. Below the coat of arms there is a number 1 and a small snowflake. They should be aligned with the vertical axis of the coat of arms. That is not the case here, but is with all the other 5 seals used, as well as with other official Bosnian stamps.

Literature

[1] Sulejmanagić, Amer: Monetary Situation in Bosnia and Herzegovina since 1992 until the Introduction of Convertible Marka, Dinar, Nr.22, Serbian Numismatic Society Belgrade, 2007

[2] Viščević, Zlatko: Coins and Banknotes of Yugoslavia, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro and Macedonia, Second Issue, Numismatic Society “Castua”, Rijeka, 2011

More Information About akaardvark387
By akaardvark387 on 2014-01-28

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