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Posts posted by nutmegcollector

  1. palin100f.jpg


    Front: Republican National Convention logo at left, photo of Palin at center, and “Republican National Convention Saint Paul, Minnesota September 1-4, 2008” overprints over the Treasury seal at right, the serial numbers consisting of the two letter abbreviation for Minnesota followed by the date of the last day of the Convention, and the names of the presidential and vice presidential nominees at bottom left and right




    Back: Sarah Palin making her acceptance speech in the Excel Energy Center on September 3, 2008


    This novelty banknote commemorates a very special occasion that for the first time a woman becomes the Republican Party nominee for Vice President of the United States.


    Sarah Palin, the governor of Alaska, turns out to be very popular. She attracts large crowds; energies campaign rallies and often overshadows the presidential nominee, John McCain.


    At 44, Palin is a rising star of the Republican Party. Regardless of the outcome of this election, she may someday be the first woman President of the United States.

  2. obama100f.jpg




    By Nutmegcollector


    I created this novelty banknote to commemorate an historical event that for the first time in our nation’s history, an African-American becomes the presidential nominee for a major political party. Whether he would win the election on November 4th to become the 44th President of the Unites States has yet to be seen.



    Portrait of Barack Obama at center, Obama campaign logo at left, “Democratic National Convention Denver, Colorado August 25-28 2008” overprints at right over the treasury seal,

    the serial number consisting of the two letter initials for the State of Colorado and the date for the last day of the Convention, names of both the presidential and vice presidential nominees at bottom left and right.



    Barack Obama addressing the crowd at Invesco Field, also known as Mile High Stadium, during the last day of the Convention

  3. Zimbabwe Update

    July 25, 2008


    A serious cash shortage has hit Zimbabwe as the country’s economic crisis worsens each day amid reports that the Reserve Bank of Zimbabwe RBZ has completely run out of paper to print new bank notes.


    Sources say the central bank is already mooting the introduction of a 500 billion dollar special agro cheque but the shortage of paper remains an insurmountable challenge.


    The central bank has set $100 billion as the maximum cash withdrawal limit per day. This is enough only to buy a box of matches.

  4. Zimbabwe Introduces $100 Billion Banknotes


    HARARE, Zimbabwe (CNN)

    July 19, 2008


    Zimbabwe's troubled central bank introduced new $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.


    The new bills officially come into circulation Monday, although they were already on the foreign currency dealers market Saturday.


    As high as they are, though, the new bills still aren't enough to buy a loaf of bread. They can only buy four oranges.


    The new note is equal to just one U.S. dollar

  5. Zimbabwe Cost of Living Update (July 17, 2008):


    Official annual inflation rate had surged to a record 2.2 million percent, way lower than independent analysts’ projections but still the highest in the world.


    An average family of six people requires at least 13 trillion Zimbabwe dollars (US$500 at the official exchange rate) a month to meet basic needs such as food, rent and transport costs.


    The amount translates to just over US$50 a month if converted at the black market exchange rate.


    An average employee earns 100 billion Zimdollars a month, way below poverty line, and most workers have to rely on informal trading to supplement their incomes.


    A 2kg packet of bread-making flour, according to statistics, now costs over $260 billion – a 100 percent jump from last month’s price.


    A 20kg bag of mealie meal, which is the staple food in the southern African country costs $720 billion up from $300 billion.

  6. back.jpg


    My latest novelty banknote project was this Presidents of the United States series.


    This series of forty-two $1 notes features all the Presidents of the United States from George Washington to George W. Bush.


    The portraits were adapted from the original paintings by Chas Fagan for C-SPAN's 20th Anniversary Television Series, American Presidents: Life Portraits March-December 1999.


    The seal of the President of the Unites States is shown on the left side of the portrait.


    The serial number is composed of the president's initials, the year of birth followed by the year of death.


    The name of the president and the numerical sequence in office are shown at bottom left.


    The name of the Secretary of the Treasury serving under the president is shown at bottom right.



    Jimmy Carter (1924-)

    39th President, 1977-1981



    Ronald Reagan (1911-2004)

    40th President, 1981-1989



    George H. W. Bush (1924-)

    41th President, 1989-1993



    William J. Clinton (1946-)

    42nd President, 1993-2001



    George W. Bush (1946-)

    43rd President, 2001-


    Shown above are the last five Presidents of the United States. Go to http://tomchao.com/potus.html to see all forty-two presidents in this series

  7. I'm a little surprised to see that Zimbabwe, which was a Commonwealth member until 2003, uses the American convention of defining a "billion" as 1,000 million instead of the British usage where a "billion" equals a million million.


    Since 1974, UK has adopted the American convention of calling 1,000 million a billion. Other European countries called 1,000 million a milliard. Zimbabwe, being a former British colony, follows the British tradition.

  8. Poor old Billary, even Tom Chao left her out of the elective equation with his creations of the Barack Obama and John McCain notes. Now those were nice creations, but in the interests of being fair in this elective process I have taken liberties to create the following:






    Hey Dave, that's pretty good. Solid number too! Glad I got you interested.

  9. obamaf.jpg


    I have been dabbling with my new novelty banknote creator to make my own banknotes for fun. I picked Barack Obama to be the subject of my first fun notes. Although there are a few more primaries left, Senator Obama most likely will be the Democratic Party nominee for President. Whether he will beat John McCain to be the first black President of the United States has yet to be seen.


    The note was proudly signed by yours truly.

  10. zim01da_1.jpg


    HARARE (Reuters) - Zimbabwe's central bank introduced 500 million Zimbabwe dollar notes worth just $2 on Thursday in the latest sign of spiralling hyperinflation, only a week after issuing the 250 million bill.


    The new highest denomination note would buy about two loaves of bread.


    The central bank also introduced special agricultural cheques in 5 billion, 25 billion and 50 billion Zimbabwe dollar denominations to facilitate payments to farmers during the current selling season.


    Farmers normally have to carry huge stacks of bank notes after selling their produce to state agencies, while consumers often carry large piles of cash with them for simple daily transactions.


    The country is currently in the middle of the tobacco and maize marketing season.


    "The Reserve Bank of Zimbabwe is pleased to announce the introduction of special instruments to cater for the marketing needs of our farmers in the form of 'special agro cheques' whose lifespan will run through December 31 2008," the central bank said in a statement.


    It said the cheques were freely tradable and would start circulating on Tuesday, while the new currency notes are available immediately.


    Zimbabwe, which has the highest inflation rate in the world at around 165,000 percent, has been beset by long queues at banks as consumers seek banknotes to stock up on basic goods, the prices of which are constantly rising.


    The Zimbabwe dollar, which had been officially pegged at 30,000 to the U.S. dollar before exchange rules were relaxed recently, currently trades at about 250 million to the greenback.

  11. bushmills.jpg


    By Google News on Tuesday, May 6, 2008


    Amid glitz and the glamour Bushmills Distillery was put on the world stage April 22nd - by the Bank of Ireland.


    In case anyone was unaware of the world famous Bushmills, the Bank of Ireland’s Governor came to Belfast to honour his favourite whiskey.


    From yesterday a new Bank of Ireland £5 note bears a picture of the famous distillery with new £10 and £20 notes to follow next month.


    Yesterday — in scenes reminiscent of Hollywood — the Bank of Ireland unveiled its series of new notes with a blaze of publicity.


    Huge outdoor screens beamed the launch onto the bank’s HQ stopping hundreds of shoppers in their tracks.


    The Bank of Ireland’s governor Richard Burrows said it was a special moment for him as back in 1972 he spent four years as the managing director of Bushmills Distillery.


    He said: “I spent some very happy years on the North coast of Antrim and today we are celebrating the 400th anniversary of Bushmills Distillery.”

  12. zimnotes.jpg


    In a sign of the growing worthlessness of Zimbabwe's currency, the country's central bank on Tuesday introduced two new banknotes - a 100 million Zimbabwe dollar note and a 250 million Zimbabwe dollar note.


    The launch of the new notes, which was announced on state television Monday night, comes barely a month after the Reserve Bank launched what has been until now the largest single note - 50 million dollars.


    But with inflation running at over 165,000 per cent, 50 million dollars no longer buys a loaf of bread, which costs about 80 million dollars. A bunch of five bananas also comes out at close to 100 million dollars.


    The new notes, like all Zimbabwean bank notes, are bearer's cheques with an expiry date. The smaller notes expire at the end of June 2008.


    The populist policies of President Robert Mugabe's government, including a disastrous land reform program, have been widely blamed for the decimation of the currency.


    On Monday the Zimbabwe dollar was trading in banks at about 200 million dollars to 1 US dollar.


    Zimbabwe's economic chaos is seen as the key factor behind Mugabe's defeat in March presidential elections. Official results showed opposition leader Morgan Tsvangirai taking 47.9 per cent of the vote, against 43.2 for Mugabe.


    Tsvangirai's failure to take the more than 50 per cent of votes needed for an outright win means a runoff between the two is likely.


    The Zimbabwe Electoral Commission is expected to announce a date for a runoff in the coming days. Mugabe has said he will participate but Tsvangirai's Movement for Democratic Change, which insists he won outright, has yet to announce whether their man will take part.

  13. phil17f.jpg




    Only 300,000 of these 216mm x 133mm notes were issued.


    Front: Joseph Ejercito Estrada (1937-), 13th President of the Philippines 1998-2001, taking his oath of office on June 30, 1998 in the historic Barasoain Church, the seat of the first democratic republic in Asia.


    Back: Re-enactment of the declaration of Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite on June 12, 1998 by Fidel V. Ramos (1928-), 12th President of the Philippines 1992-1998.


    Tom Chao's Paper Money Gallery

  14. polf.jpg




    Commemorates the 28th Anniversary of Karol Wojtya's election to the papacy.


    Front: Pope John Paul II (1920-2005), holding his crucifix-topped staff against a background of the world map, symbolising the universal nature of his pontificate


    Born Karol Józef Wojtyla in Wadowice, Poland, Pope John Paul was elected the only Polish Pope in Vatican's history on October 16, 1978 and reigned for more than 26 years. His early reign was marked by his opposition to communism, and he is often credited as one of the forces which contributed to its collapse in Eastern Europe.


    Back: Inauguration of John Paul II with Cardinal Stefan Wyszynski (1901-1981), the legendary Primate of the Millenium, the leader of the Catholic Church in the then still Communist Poland.


    The National Bank of Poland issued the notes to collectors at 90 Zlotych, eventhough the face value is only 50 Zlotych.


    Tom Chao's Paper Money Gallery

  15. scotf.jpg






    Elizabeth II (1926-), Queen of United Kingdom, British colonies and Commonwealth of Nations


    She was born Elizabeth Alexandra Mary Windsor, daughter of King George VI and Lady Elizabeth Bowes-Lyon.


    The young Princess Elizabeth was educated at home under the supervision of her mother. She studied history with C. H. K. Marten, Provost of Eton, and religion with the Archbishop of Canterbury. She speaks fluent French.


    Princess Elizabeth joined the Auxiliary Territorial Service during WWII where she was known as No 230873 Second Subaltern Elizabeth Windsor, and was trained as a driver. She was the first female member of the royal family to actually serve in the military.


    Elizabeth married Philip Mountbatten, Duke of Edinburgh, on 20 November 1947. The Duke is Queen Elizabeth's third cousin. They share Queen Victoria as a great-great-grandmother.


    Elizabeth became the Queen upon the death of her father on 6 February 1952. Officially she is the Queen regnant of Australia, Canada, New Zealand, the United Kingdom of Great Britain and Northern Ireland, Jamaica, Barbados, the Bahamas, Grenada, Papua New Guinea, the Solomon Islands, Tuvalu, Saint Lucia, Saint Vincent and the Grenadines, Antigua and Barbuda, Belize, and Saint Kitts and Nevis. She also holds the positions of Head of the Commonwealth and the Supreme Governor of the Church of England.


    Tom Chao's Paper Money Gallery

  16. zim2f.jpg




    Zimbabwe is in a period of hyperinflation. At the time of independence in 1980, one Zimbabwean dollar was worth US$1.50. Since then, rampant inflation and the collapse of the economy have severely devalued the currency.


    In the August 2006 currency reform, 1 new Dollar was exchanged for 1,000 old Dollars. The highest denomination was then 1000 new Dollars.


    Due to continued runaway inflation, the Reserve Bank of Zimbabwe released three high denomination bearer checks into circulation in December, 2007: 250,000 Dollars, 500,000 Dollars and 750,000 Dollars. Within a month, the bank released three more even higher denomination bearer checks: 1,000,000 Dollars, 5,000,000 Dollars and 10,000,000 Dollars. On April 4, 2008, the bank issued 25,000,000 Dollar and 50,000,000 Dollar bearer checks.


    This $50-million bill is worth just $1 US in trading on Zimbabwe's widely used black market. That means it can buy just three loaves of bread.


    Tom Chao's Paper Money Gallery

  17. thai2f.jpg




    Front: King Bhumibol Adulyadej (1927-), King Rama IX of Thailand


    King Bhumibol was born at Mount Auburn Hospital in Cambridge, Massachusetts. His father, Prince Mahidol (son of King Chulalongkorn), was studying medicine at Harvard University. At the time of birth, he was known as Phra Ong Chao

    (a prince of lesser status than Chao Fa, but higher than Mom Chao) Bhumibol Adulyadej, reflecting the fact that his mother was a commoner.


    Phra Ong Chao Bhumibol attended primary school in Bangkok. At the age of six, he went with his family to Switzerland where he continued his secondary education. He graduated high school with major in French literature, Latin,

    and Greek. He was studying science at the University of Lausanne when his elder brother, Phra Ong Chao Ananda Mahidol was crowned King of Thailand. King Ananda Mahidol (King Rama VIII) then elevated his brother and sister to the Chao Fa

    status in 1935. He went back to Thailand briefly in 1938, but returned to Switzerland for further study until 1945.


    Upon premature death of his brother King Ananda Mahidol in 1946, Chao Fa Bhumibol acceded to the throne. He appointed his uncle, Rangsit, as Prince Regent so that he can go back to Switzerland to finish his study. He switched his major to Law and Political Science, as this would be more useful now that he was becoming king.


    While finishing his degree in Switzerland, he visited automobile-manufacturing plants in Paris frequently. It was in Paris that he first met a distant cousin of his, Mom Rajawongse Sirikit Kitiyakara, daughter of the Thai ambassador to France. They were married on April 28, 1950, just a week before his coronation.


    He is currently the world's longest-serving head of state


    Back: The king with his people


    Tom Chao's Paper Money Gallery

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