COLOMBIA P - 380f 1 PESO ORO 1. 1. 1950 EARLIER NOTE WORLD PAPER MONEY CURRENCY VG - F




Item History & Price

Information:
Reference Number: Avaluer:9973828Country: Colombia
Year: 1950Type: Banknotes
Circulated/Uncirculated: Very Good to Fine (VG-F)
Original Description:
misterbanknote - Richard J. Reed World Paper Money - genuineworld banknotes, hollywood movie prop money, antique stocks, bonds, checks, old coins, souvenir cards, novelty money, fantasy art nakedlady bills 
 

MISTERBANKNOTE

Since 1981, a dealer inconservatively-graded financial paper collectibles offering fairpricing and fast, friendly service.
 
 WorldPaper Money & Coins - Antique Stocks, Bonds, ...& Checks -Hollywood Movie Money
    
SouvenirCards - Fantasy Art Bills - Novelty Bills - NumismaticLiterature - Antique Newspapers

Find out why we are the wholesale suppliers of some of eBay's biggestbanknote dealers!

The sample note below is for illustration purposes only.  The note you receive will have a different serial number but will otherwise be identical.  Only one low shipping fee no matter how many you purchase for U. S. buyers!  We now offer economy shipping (no tracking) on select items of lower value. Country: Colombia
Denomination: 1 peso oro
Price: $9.00
Catalog #: 380f
Product ID: 19032102
Year: 1.1.1950
Grade: VG-F (very good to fine)
Other Info:
Coloration: Blue w/multicolored underprint.
Depictions: Santander in oval flanked by standing man at left, bust at right; round Liberty medallion on back.
Note Size: 5 1/2" x 2 5/8"
Watermark:
PLEASE SEEIMPORTANT NEW SHIPPINGINFORMATION & TERMSOF SALE BELOW BEFORE YOUBID OR BUY!

ADDITIONALDESCRIPTION: Notegrades crisp VF!  The note you receive will be the one picturedabove.  They are colorful and great-looking bills.  Niceitemforyour collection!  Pleasecheck out the other great deals inour misterbanknote store!

FEEDBACK:  We normally leaveyou (the buyer and our highly valued customer) great feedback once theitemhas been shipped.  Please remember to leave us (hopefully) greatfive star seller feedback on all points.  It is our goal toprovide a wonderful buying experience to all of our customers.  Inorder to keep ebay from being overwhelmed by a few large sellers whowill then be free to monopolize and control the market, please supportus and the other "little guys" out there who deliver a great product ina timely manner and offer you items that you may not be able to findanywhere else (at least at a reasonable price)!


SHIPPING INFORMATION & TERMS OF SALE

SALES TAX:Florida residents must add salestax.  In lieu ofthe tax, registered dealers cansubmit asigned copy of their resale certificate to the contact address below.

PAYMENT: PayPal is accepted fromverified US members and items are shipped to their domestic USAPayPal-confirmed addresses.   We will also accept PayPal fromnon-verified USbuyers.  Due to risk, we restrict thetotal amount of funds accepted via PayPal  per shipment and pertime period.  We reservethe right to reject any payment by PayPal  for any reason, including if PayPal states that thetransaction is not eligible for seller protection.  If you are planningon purchasing items costing more than a total of$100, whetherverified or not, please contactus prior to placing yourbid/purchase order.  For other payment options orquestions about multiple purchases orother items of interest, please contact us.

We will accept PayPal payment frominternational buyers ONLY if theitem(s) purchased are available for shipment outside the USA. If an item is available only to USA buyers, please contact us if youare interested in purchasing the item outside the USA.  It may bepossible to send the item by registered mail, depending upon yourlocation and feedback rating.

All shipmentssent outside theUnitedStates and paid by PayPal in the amount of $35 or more MAY be required to be sent byregistered or insured mail for anadditional fee (added to thestandard first class international shipping charge).  Notethat registered mail is muchslower than standard mail, so please be patient.  Overseas registered items can takeseveral weeks to be delivered.


ADDITIONAL IMPORTANT INFORMATION FORALL BUYERS
 
DELIVERY:Every effort is made to send the merchandise to the buyer as soon afterpayment is received as possible.  Bear in mind that once thepackage has beenmailed, it is out of our hands.  Overseas packages, particularlyregistered packages, can be veryslow in reaching their destination, so please be patient.
 
OTHER TERMS: Payment is due within 7 days of thesale close date.  Failureto honor your obligation to pay for a winning bid in our auctionor instant-purchase sale will result in beingplaced on our "blocked bidder" list.  We have beendealingin world notes since 1981 and have always run our business byoffering conservatively gradedmaterial, fair pricing, and fast, friendly service, so bid withconfidence!  We are a member of the IBNS, SPMC, and FUN.

CONTACT US: thru ebay's "My Messages" system.  You canalso send standard mail to:
RICHARDJ. REED
P. O. BOX 20665
SARASOTA, FL 34276-3665
 

misterbanknote- because moneydoes not grow on trees
"Bringing you a galaxy of values"
Portions of this page copyright 2019 by Richard J. Reed - All rightsreserved

GRADINGSTANDARDS FOR BANKNOTES AND SIMILAR PAPER ITEMS
GENERALIZED, NON-SPECIFIC GRADES:
LOWGRADE or HEAVILY CIRCULATED -generally POOR to VERY GOOD (see below specific grades)
MIDGRADE or CIRCULATED -generally VERY GOOD to VERY FINE (see below specific grades)
MIXEDCIRCULATED - generally LOWGRADE to HIGH GRADE circulated (see below specific grades) HIGHGRADE or LIGHTLY CIRCULATED -generally VERY FINE to ALMOST UNCIRCULATED (see below specific grades)
VIRTUALLYNEW - generally ALMOSTUNCIRCULATED to full UNCIRCULATED (see below specific grades)

SPECIFIC GRADES: POOR- a virtual 'dog, ' generally a raggy, dirty, torn, and sometimestaped-uppoor-excuse of a banknote that has seen better days and is generallycollectibleonly as a filler or curiosity unless it is extremely rare.  FAIR- this is barely one step up, maybe not quite so raggy or dirty butperhapsmissing a piece or more of the note along with other defects. Thisgrade still exhibits extreme limpness generally.  GOOD- like the grade 'GOOD' for a coin, GOOD really isn't so good althoughit is possible to have a semi-attractive note that still grades onlyGOODdue to the fact that it may have tears and small missing pieces as wellas heavy creasing.  Most GOOD notes have seen a lot of circulationand will show evidence of this such as many heavy folds, stains, edgetearsperhaps extending into the design, pinholes, a center hole fromexcessivefolding, etc.  VERYGOOD- this grade will have fewer or less severe defects than the grade ofGOODand a number of VG notes are in fact quite attractive, especiallyinstanceswhere a note has been folded and refolded numerous times on the samecreases, wearing a small hole through center and maybe causing a tear to appearin the design.  At this point I want to introduce the notion ofsplitgrades, that is, an instance where the note is clearly better than GOODbut not quite VG.  In this case, we might call the grade G-VG orG+or even aVG (about very good).  Experience is the best teacher forthis; after you've handled dozens of well-used notes, you may feel morecomfortable about split grading. Maybe you'll never feel comfortablebecauseyou might not even like the idea.  We use split grades on occasionand believe most dealers and collectors do. I am less enthusiasticaboutthe use of a 70-point grading scale such as is used forgradingcoins; more on this when we get there.  FINE-this grade exhibits still considerable circulation with a number ofcreases, folds, wrinkles, minor border tears (which cannot enter the designportionof the note), and maybe a few pin or staple holes. At this point, anoteis appearing somewhat attractive at least. After handling enoughdifferentnotes, you'll come across some that appear to meet or exceed a certaingrade except for some defect.  Usually, this is handled byassigningthat grade to the note but following it with a description of thedefect.For example, you might have a note that is at least a FINE except forthatsomewhat obvious stain in which case you would describe it as FINE butstained or FINE but moderately stained or FINE but heavy corner stain, etc., whatever the case might be.  Naturally the value of a notelikethis would normally be lower than a defect-free note of the same grade.Generally the higher grade a note is, the more 'picky' you should beaboutdescribing a defect that is not a normal characteristic of thatgrade. For example a VERY FINE note with a tiny tear or two might be listed asVF but border tear or could just be downgraded (or net graded) to F-VFor "net F-VF, "though thetear should still be described.  VERYFINE- Moving along, we start getting into the truly bright and moreattractivenotes in the VF grade and up.  General characteristics of a VFnoteinclude: not more than a few vertical/and horizontal folds, a crisppaper, edges and corners can show slight wear but no tears are found in theborderareas or anywhere else for that matter on the typical VF note. A slightamount of soil or smudging can be present but this should really beminimalin my opinion.  EXTREMELYFINE - This is an extremely attractivenote, showing only minor evidence of handling.  According to the gradingstandards of the International Bank Note Society, or IBNS, an EF notemayexhibit 'a maximum of three light folds or one strong crease.'  AnEF note is bright and without signs of soil. To the casual observer, itshould appear just about new. There will be only very minute wear onthecorners or edges.  ABOUTUNCIRCULATED- The next step up from extremely fine, this is a note which wouldgradeuncirculated except for some very minor handling or use such as aso-calledwallet fold where the note has a very light fold (not a creasedfold). An AU note might have a slight bend or wrinkle from being counted. Inanycase, this remains a very bright, new-looking note.  An AU-UNCdesignationis often applied to notes with an extremely inconspicuous countingwrinkle, or a note which might have a tiny corner nick, rippled surface of thepaper(due to humidity or some other environmental condition), or a notehavinga so-called dimple at the top of the security strip.  UNCIRCULATED- New, as issued, with no defects with one possible exception.  Itis possible to have an UNC note that has staple holes, this due to thefact that some countries, including India and Pakistan, normally staplequantities of notes together prior to issue.  In this case, adescriptionof 'UNC - usual staple holes' is the rule.  Otherwise, anuncirculatednote is just that. More so in regards to U. S. paper currency but alsooccasionally used in describing UNC world notes are the adjectives'choice'and 'gem.'  I could see a particularly well-centered, attractivenoteperhaps earning one of these designations, however, I'm not convincedweneed both terms.  This mainly due to the concern that people wouldnext move toward a silly multi-point UNC grading system like that ofcoins, particularly U. S. coins. In fact this has already happened. Some veryrare (and not-so-very-rare) U. S. and world notes are being "slabbed"(put in special sealedholders)and commercially graded by numismatic grading companies using the70-pointscale.  Justmy personalopinion, but it seems like a convenient way to squeeze a lot moredollarsfor a "superb gem UNC MS-66 note."  To newcomers to the numismaticcommunity, "MS" refers to mint state (i. e. Uncirculated) and the "66"part indicates the relative "grade of uncirculation" with 60 being thelowest and 70 the ultimate or theoretically "perfect" note.  AboutUncirculated would range from 50 to 59, etc.  This system has beenin use for a number of years now in the coin business.  The worstpart is, the difference in a coin's value from a single key gradingrange(say MS-65 to MS-66) can be thousands of dollars for a "rare"item. This great difference in perceived value by some is why the wholegradingsystem is controversial by nature because grading, is, in the finalanalysis, subjective (i. e. "beauty is in the eye of the beholder"). Thus, thereis a lot of room for abuse.  Also I have not been impressed withthe grading of some of the so-called professional gradingcompanies.  I once sold a slabbed note that looked to me to be inVG grade but the grade on the holder said VF!  I warned thepotential buyers of this (the note was in an auction) and still it soldfor at least the price of a nice VF note - go figure!).  I believeanote will stand on its own; if it's hard to find, attractive, andactivelysought by collectors, it's going to bring a better price.  Manyworldnotes are also common, but so attractive that they are always eagerlysnappedup by enthusiastic collectors.  There are a number of older notesfrom hard-to-find countries that list for a low price in The Standard Catalog of World Paper Moneybut sell for multiples of the catalog price due to the fact they are sodifficult to locate.   Most world paper collectors and dealerswith experience will tell you the catalog is a starting point guide butthere are many values listed in there that don't "jive" with the realworld - they are either too high or too low in many cases. Anotheritemto perhaps bear in mind, the grading system for U. S. notes is similarin many ways to that of world notes, but it has been my experience thatthe world system is generally more conservative, particularly for theuppergrades.  I have seen ads like "UNC - 1 fold."  What does thatmean?  Sounds like an EF or AU note to me (EF if creased, AU ifjusta light fold or "wallet bend").  Anadditionalpoint - notes, like coins, have sometimes been cleaned or had theirappearanceimproved in some way. This is not always apparent.  Somecollectors have no problem with this, othersfeel, as with coins, that the items shouldn't be altered in any way.Fornotes, alterations can include actually washing the note (literally"launderingmoney!"), trimming it, erasing graffiti, pressing the note, mendingtears, etc. The buyer should be aware that a note can be washed and pressed toimprove its grade and a note altered in this way should not command theprice of a note naturally appearing in this grade. A word of advice onmending tears, if you are inclined to mend tears, please don't usecellophanetape. Sooner or later it makes a mess of whatever its been taped to asit turns yellow and brittle. If you feel you need to tape a tear, usethepermanent translucent tape that's now widely available.  Hopefullythis clarifies grading a little if you're a beginner or at least servesto demonstrate my interpretation of it and what kind of gradingcriteriayou should expect and demand from my company.  Clients have been, I  am happy to report, very pleased with the quality of service asthe return rate for notes has been a tiny fraction of  far lessthan one percent.   (These grading standards taken from my CurrencyBanknotes web site)

 


 


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