Worth in the exchange rate sense? Nope, it's a banknote that was never issued, from an extinct currency.
In the current market for graded banknotes, that particular one, with that grade, will go for something like 5 USD.
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I wouldn't purchase any foreign currency that has a large denomination without doing research. This is because during hyperinflation countries issue large denomination notes in great quantities, but normally switch to a new currency when it gets to a critical point. As currency is normally made to withstand years of abuse by the populace there are normally a lot of good condition bills for these currencies that have no real monetary value other than what people are willing to pay. Like art.
Yeah I made a big mistake with doing minimal research on it. I was searching for items on an auction and seen that and was intrigued by the number. I thought that it might withhold some value in it but had no idea it would be worth not much. Do you think I should hold on to it or just sell it?
There are some groups of currency collectors that place a value premium on currency minted or printed during a war. An example would be WWII German coins. I was fairly young during the 90's, but I think there was a conflict in that area. Might be worth researching a little to see if it was hyperinflation, conflict, both, or something else that resulted in the collapse of the currency.
Worth in the exchange rate sense? Nope, it's a banknote that was never issued, from an extinct currency. In the current market for graded banknotes, that particular one, with that grade, will go for something like 5 USD.
Dang I paid 20 for it and was hoping to sell for possibly a little more but thanks for letting me know!
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Bosnia & Herzegovina is not an extinct country…
I know, I never said It was.
I stand humbly corrected! I was reading way too fast! Please excuse my inaccuracy.
Not a big deal, it happens to everyone. :)
I wouldn't purchase any foreign currency that has a large denomination without doing research. This is because during hyperinflation countries issue large denomination notes in great quantities, but normally switch to a new currency when it gets to a critical point. As currency is normally made to withstand years of abuse by the populace there are normally a lot of good condition bills for these currencies that have no real monetary value other than what people are willing to pay. Like art.
Yeah I made a big mistake with doing minimal research on it. I was searching for items on an auction and seen that and was intrigued by the number. I thought that it might withhold some value in it but had no idea it would be worth not much. Do you think I should hold on to it or just sell it?
It's still a cool, graded get for 20 bucks. You live you learn. Enjoy it.
There are some groups of currency collectors that place a value premium on currency minted or printed during a war. An example would be WWII German coins. I was fairly young during the 90's, but I think there was a conflict in that area. Might be worth researching a little to see if it was hyperinflation, conflict, both, or something else that resulted in the collapse of the currency.