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A phenomenon on the net: a bill of 20 for NIS 90 | Israel today

2021-04-27T22:06:26.889Z


| Viral Recently, old coins and banknotes have been offered for sale at exorbitant prices. • Is the old money of the State of Israel really worth that much? • We checked Photo: Tal Cohen Profit of hundreds of percent: Coin collectors who have browsed second-hand sites recently have come across ads offering for sale Israeli coins and banknotes at exorbitant prices - and those that are still in circulatio


Recently, old coins and banknotes have been offered for sale at exorbitant prices. • Is the old money of the State of Israel really worth that much?

• We checked

  • Photo: Tal Cohen

Profit of hundreds of percent:

Coin collectors who have browsed second-hand sites recently have come across ads offering for sale Israeli coins and banknotes at exorbitant prices - and those that are still in circulation.

In a check we made, we found NIS 20 banknotes issued in the 60th year of the state, with the caption "Sixty years to the State of Israel", at a price of NIS 90 per detail, despite their relatively large distribution in the market.

We also found a case of 18 coins of 10 shekels with a portrait of Herzl at a price of 180 shekels.

Another example of this is a NIS 10 coin with a portrait of Golda Meir, these are sold for NIS 60 for a single coin, along with two NIS 50 banknotes - which are still in circulation, for NIS 180.

In light of this we tried to find out how anyone who wants to enter the field of collecting: whether he wants to collect banknotes, coins, medals, porcelain or any other work of art that exists and is sold in the market, can find out what is the actual value of the object he encounters Who are trying to make a round of you.

To this end, we spoke with the veteran and well-known merchant in the field, Kobi Liderman, who gave a number of rules of thumb in the field of collecting to those who want to start entering it.

"First, do not just buy from someone without finding out, if someone approaches you on the street and offers you his grandmother's gold necklace because he runs out of money and you pay without finding out then do not be surprised that the necklace is a fake. But even if it is a coin Doing homework. "

"With regard to banknotes such as the banknote issued in the 1960s to the State of Israel, Liderman notes that" this is a free market of supply and demand.

"In other words, the value of banknotes and coins is directly related to how common they are in the market and how much they are needed. In any case, banknotes and coins issued by the state are in huge quantities and their value is small (beyond the sentimental value a person can have).

"On the other hand, sometimes there is a problem with a note or a note, for example, signed by one of the Bank of Israel's counterparts is relatively rare, in which case the value increases. In general, you can easily find out the common notes and currency with experts and groups of Facebook people. To you, they are a bill or a coin worth its value or they demand an excessive amount from you. "

When it comes to the question of how to do these homework, Liderman suggests simply going into the Facebook groups that deal with it and even turning to experts or instruction books in the field and fully understanding the space you are entering.

"First of all, almost every field of art or collectibles has clubs and Facebook pages where there are many surfers. You can first browse the pages, see what people are writing, what they are saying and also ask questions."

"I really recommend not buying a momentary propeller or because they told you to, but find out first. There are good people in every field but there are also those who will take advantage of your lack of knowledge. So I say ask to find out and get some opinions. Each of us has a neighbor, brother "Or a friend who knows a person who deals or is interested in the field, there are also many auction houses with sites on the web that can be referred to questions on the subject and most of them have academic experts who are happy to answer," he adds. 

Beyond that, over the years many guides have been written in Israel, in relation to the country's banknotes and medals, by collectors and people who loved the field.

In addition, the

Bank of Israel itself has reviews of the banknotes

that are currently issued, as well as a great deal of information about coins, banknotes and commemorative coins that were issued at the Bank in the past.

"Everyone falls in this area sometimes, it's something that happens and it's tuition. You have to get experience and not just act from the belly because it's an area that requires a lot of knowledge," Liderman concludes.

Source: israelhayom

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