High denomination banknotes are sought after by collectors and make great conversation pieces and gifts
Washington D.C. (PRWEB) September 18, 2013
Scripophily.com®, the Internet’s largest buyer and seller of collectible stock and bond certificates, is offering authentic Fifty Trillion Dollar Banknotes for all purchases over $200. The banknote was issued from the Reserve Bank of Zimbabwe and have an ornate border around it with a vignette of an elephant, a dam, and a beautiful rock structure. This item has the printed signature of the Govenor Dr. G. Gono.
On January 16th, 2009, The Reserve Bank of Zimbabwe had introduced a new family of trillion Zim-dollar banknotes. The high denomination of the bank notes were due the country’s 2007 official inflation rate of 6,592.8% although private estimates were as high as 20,000%. From January to December 2008, the money supply growth rose from 81,143% to 658 billion percent.
Due to hyperinflation and price speculation, the use of foreign currencies, such as the U.S. Dollar, was legalized in January 2009, causing general consumer prices to stabilize. The move led to a sharp drop in the usage of the Zimbabwean dollar, as hyperinflation rendered even the highest denominations worthless. However, these high denomination notes are sought after by collectors and make great conversation pieces and gifts.
“We are extremely happy to offer this authentic bank note to our customers based on their beauty and historic significance” said Bob Kerstein, CEO Scripophily.com. “Hopefully, we will never see bank notes in these high denominations again”, Kerstein added.
Bank notes and stock certificates are collected and given as gifts because of their historical significance, beauty and artwork, autographs, notoriety, as well as many other factors. The supply of new certificates reaching the collector market has been substantially reduced due to changes in state laws and stock exchanges rules. Many companies are no longer required to issue physical stock and bond certificates, a process called “dematerialization”.
Scripophily (scrip-ah-fil-ly) is the name of the hobby of collecting old stock and bond certificates. Values range from a few dollars to more than $500,000 for the most unique and rare. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, museums and serious collectors.
Scripophily.com - The Gift of History is the internet’s leading buyer and seller of collectible stock and bond certificates and has had items on loan for display in the Smithsonian’s Museum of Financial History in New York. The company has been featured on CNBC, USA Today, Associated Press, Reuters, Nightline, Today Show, Baltimore Sun, and Washington Post and in many other media publications. The company also offers an old stock research service at OldCompany.com and offers high resolution scans for publications. Scripophily.com has over 17,500 selections including rare autographs and manuscripts.
Scripophily.com / Old Company Research Service is the successor company to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, R.M. Smythe Stock Research Service, and the Herzog & Co., Inc. obsolete research services. These services have been performed continuously for over 133 years since 1880. We are the leading provider of authentic stock certificates, autographs, and old company stock research services.
Scripophily.com and Old Company Research Services was founded by Internet Pioneer, Bob Kerstein (Bob.com). Bob is a CPA and CGMA, and has more than 37 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA).
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