The coin on the top right is a 1965 2 Bolivar silver coin that is worth more than this old uncirculated 20,000 Bolivar banknote.
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The coin on the top right is a 1965 2 Bolivar silver coin that is worth more than this old uncirculated 20,000 Bolivar banknote.
nice pic :) !
Thanks, this 2 Bolivar silver coin is a part of my Collection, the banknote was borrowed from a friend that loves to collect old banknotes.
wow what a beauty !
I'm just starting out
hopefully will soon have my first own stack :>>
I also have a large 1903 5 Bolivares silver coin somewhere in my collection, but has considerable wear.
I know this coin.
The paper of this bank note worths more than its nominal value. BTW this paper is of very good quality.
This note was issued in 2001, which is of the old "bolivares", this means it corresponds to 0.000000002 (2x10^{-9}) new "bolivares". Currently 1USD= 36 bolivares.
In other words, its nominal value is worthless.
The object lesson is we'd rather have 10,000 Silver 2 Bolivares coins that would yield 103 oz of fine silver that would now worth $3,618 USD today. Clearly demonstrates the Inflationary effect of recklessly printing fiat currency.