2005 to 2010:

A trip to Ireland in 2003 convinced me that the first "Duisenberg Euros" were short lived & the notes to seek.  I had picked up an easy Lady Lavery 10/- P-63 note from a collector friend who recently became a World Dealer.  He kept telling me that I should start collecting World paper but I felt like the Bank of Canada was an expensive enough challenge as it was.  Since that time, there have been days that I kicked myself for not following his advice. The reason?  Many World notes were inexpensive back then & their prices have jumped up considerably since.  There were also many good tough series being produced at the turn of the Millennium as well. 

2015:

After I had discovered that I could afford collecting World I had yet to discover which nations were TOUGH. It took a while (going down a lot of blind alleys) but I did start to seek the tougher nations usually by following hunches from general assumptions about smaller nations with lower currency needs, hence lower numbers issued. 

One of the first circulated notes I bid on was the 1944 100 Francs from Luxembourg (below).  When I saw the note listed, for the first time, I was struck by the fact that it lacked a prefix. This was one reasons I placed a bid on it and happily won! Although it is a VF note (which looks remarkable well preserved & more in line with an EF grade in person) I placed a bid on it anyway even though I had vowed to chase only UNC notes! When the note arrived I thought I had really got a great collectible note because I have yet to see a P-47 100 Franc without the A prefix!  I am also pretty certain that it would likely grade VF35 EPQ because the paper is so crisp & fresh looking should I certify it.  I always liked the idea of getting notes from this tiny, micro-nation, so I picked up the other two last year. I must admit that neither the 20 nor the 50 Francs (P-54b or P-55b) were very well priced in UNC so they were not cheap.  However, I have seldom seen them offered so I was tired of waiting around and decided to "pull the trigger" as they say.  I have often seen AU or lower (more circulated) examples.  Perhaps I paid "future prices" on the two notes but I do feel (as I wrote on C&C) that they will quickly become popular & the prices will rise with time (so no harm done)! 

I cannot stop being impressed by the artistic designs see on French notes & doubt I ever will! I have included a few favourites here (P-154b & P-160d).  The 100 Francs has tough varieties (P-153 & P-154a) but I picked up mine because I admired the artistry. The 500 Francs was first issued in 1995 & it is the most common variety. The 1996 ("b" version) had 18M issued & the 2000 (my "d" date) had 36M issued which is pretty uncommon. I bought it because I have always admired Marie Currie, the scientist who pioneered radiation research and succeeded in a male dominated domain. The 1910 "Fleet 100" note from Germany is hard to resist as its large size has considerable wow factor portraying Germania & the Imperial fleet. It is an easy note to get but tough in UNC or GEM grades. Likewise can be said for the 100 Pesetas (P-169c) but it is not expensive even in UNC!

I recommend seeking overlooked pre-Euro such as the 100 Francs from Belgium (P-140a).  This is the note with only 2 signatures seen on the front and no signatures on the back. The 2 signature variety only lasted 3 years and then they modified it to include 2 signatures on both sides. The reason for the change is unclear but you will normally see the first version P-140 number incorrectly attributed to a P-142 modified version. It can be very frustrating when trying to hunt down an early signature version (P-140) and so many sellers have their incorrectly labelled.  Of all the notes entered on Numista, only 18% of users have the P-140 (early) version. I recommend getting it before sellers realize how tough the first series is!

*TPG (Third Party Graded: Some notes were certified by PMG but at least half of the notes purchased were uncertified.  I later submitted my first purchase (the 2 Greek & 1 Portuguese notes) to PMG and they all came back with UNC66 or better.

Conclusions:

• I believe that there are many overlooked World notes which typically come from smaller nations or nations not on the traveller's radar.

• I have found most mid to high denominations from small Caribbean nations to be tough to obtain in any grade. Buying ones in UNC should do you well!

• Trying to get UNC notes from Central & South American nations may prove to be tougher than you think! You cannot go wrong with El Salvador or Ecuador but do not overlook early Argentina, Peru, Uruguay or Costa Rica either! 

• Set some LIMITS (for me, it was no or few high denominations for pre-Euro).  I bought some French, German & Spanish notes but have accepted the fact that these are plentiful. 

My collector radar was set for:

• Tougher nations Most of my pre-Euro nations are from tougher (smaller/overlooked) nations. However, I do not exclude some favourites (France, Germany & Spain).

• Early series the first unrevised first series of design fails (Belgiums P-140 100 Francs or P-141 500 Francs) are great series to chase. It appears as if many sellers are confused by the early series (with signatures on one side) and the revised (signatures on both sides) series. Strike (get an UNC example) while the confusion continues to muddy the waters. 

• High grades Most of my Overlooked World notes are UNC but I also will attain higher circulated grades (VF+ & EPQ) examples

• NRI "numbers" high numbers sometimes indicate a tough series but this will not always hold true! For example, Numista has lumped the three year old Belgium 100 Francs P-140 with the eleven year old, common P-142 series so their NRI for both notes will be irrelevant.  Be vigilant & seek what you feel is a tougher series & ignore Numista's misleading index!

Remember to:

• Popularity also determines a note's Book Value & must be considered.  All the high denominations from Belgium are tough but do you really want a 1000 or 10,000 Francs note if it will cost you a 100 Euros to sell it (& few people want it)? It is important to ask yourself some tough questions & remember your LIMITS (budget) before you start collecting!

August 2025:

I will be adding more personal spotlights to sets I have acquired in upcoming months. In the meantime, enjoy my carousel of the

Questions?

If you have any questions, please feel free to email me at notaphilyc@gmail.com 

LIST of WORLD Available