Saturday, July 14, 2012

100 Trillion and 50 Trillion Dollar notes from Zimbabwe

 OK. I won't be able to retire on this, ummm, investment. In fact, they are worth just about the cost of the postage required to mail them to you! In fact, according to the Wall Street Journal May 11, 2011: 

A 100-trillion-dollar bill, it turns out, is worth about $5. That's the going rate for Zimbabwe's highest denomination note, the biggest ever produced for legal tender—and a national symbol of monetary policy run amok. At one point in 2009, a hundred-trillion-dollar bill couldn't buy a bus ticket in the capital of Harare. But since then the value of the Zimbabwe dollar has soared. Not in Zimbabwe, where the currency has been abandoned, but on eBay. The notes are a hot commodity among currency collectors and novelty buyers, fetching 15 times what they were officially worth in circulation.
But I COULD NOT RESIST!

These are not really something that will increase in value in the future. In fact, they were basically worthless when they were printed. 

They are, however, very nice notes. Too bad my stupid scanner broke on me and I can't get the reverse scanned. Oh, well.

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