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Signature Set Detail: Strength and Sovereignty



Set Category:

Owner:

Set Theme:
Venezuelan Hyperinflation Banknotes: The Bolivares Fuertes (Strong Bolivares, BsF, VEF) and the Bolivares Soberanos (Sovereign Bolivares, BsS, VES).

Set Description:
Ever since I first learned about the concept of "hyper-inflation," about 10 years ago, I have been fascinated by these economic events and I first encountered the concept when reading articles about Zimbabwe. Hyperinflations have been rather more common throughout history than I think anyone that has experienced, or even read about it, would like.

It has been pointed out - including by PMG, when talking about my sets even - that building a set of these notes is not hard. But I think this is a good thing and a strength of the set / series.

When you want to "see" hyperinflation, you must look at currency. Some people dismiss hyperinflation notes as "just big numbers, but this ignores the fact that you can get large denominations without hyperinflation. Hyperinflation is denoted by large numbers of notes and designs issued in relatively and increasingly short periods of time with rapidly increasing denominations. So, collecting hyperinflation notes is probably going to mean wanting to collect sets, not individual notes, and the modern hyperinflations in Zimbabwe and Venezuela offered great opportunities to build large sets of high-grade hyperinflation notes at a relatively low cost, making a low entry point for collectors and collecting.

I feel like the Zimbabwean hyperinflation gets so much more attention than the Venezuelan event - from the press / in the news and from collectors. I remember hearing about the Zimbabwean hyperinflation a lot and seeing tons of articles about it, but I heard comparatively nothing about the inflation in Venezuela. This is funny to think about because reading these articles at the time really captured my imagination at the time and was critical in creating the love and interest that lead me to make "Gradually, Then Suddenly." I find these notes interesting, and I think they are far prettier on average than the Zimbabwe notes, but I don't feel like I connect with them in quite the same way.

I feel like this broader relative lack of attention comes from a variety of factors. 1) I think Chavez made a lot of drama and a lot of attention went to him and not to the inflation - something Mugabe never seemed to do. 2) Zimbabwe started first and so it peaked sooner. Zimbabwe peaked when Venezuela was just getting started. 3) Zimbabwe was more explosive with more series and more notes, so it was more exciting and gave people more to write about and... 4) Zimbabwe had the big numbers. Love it or hate it, those 100 Trillion notes cemented a lasting legacy and staying power in cultural awareness for a lot of people - Venezuela FINALLY just printed a 1 Million denomination in 2021, 12 years after the suspension of the Zimbabwean 4th dollars.

Still, I feel like this is a wonderful series to collect and it offers some of the same advantages as the Zimbabwe collection - the ability to make complete sets of hyperinflation notes for not a lot of money - while in some ways being even better. This collection is a lot smaller / shorter than the full Zimbabwe collection from P-1 to P-104 and that makes it a far less daunting project to start - and they are prettier.

I also feel like there is a lot more fun to be had with looking into not just the history of the notes and the hyperinflation, also but researching the animals and the historical figures and locations depicted - and I have had my fun with that with this set.

Beyond my interest in hyperinflation and hyperinflation notes, this story has some significance to me because I am a chemical engineer that lives in Texas, so I do a lot of work in and with the oil and gas industry. The nationalization and mismanagement of the oil and gas industry and resources in Venezuela is a major part of what lead to the downfall of the country and its economy and started the country down this road to hyperinflation (See the description on VEN90). It has been about 20 years since all that started and there are still many in Texas that will sneer and scoff at the mention of Venezuela - a lot of US companies got burned bad by the Chavez regime.

1,000 Bolivares (Bs) = 1 Bolivar Fuerte (BsF)
100,000 Bolivares Fuertes (BsF) = 1 Bolivar Soberano (BsS)
100,000,000 Bolivares (Bs) = 1 Bolivar Soberano (BsS)



Views: 245

Signature Set Details:

Slot NameSlot CommentCertification #Note InfoCountryGradePhoto
VEN88, 2007-2016, 2 VEF Bolivares Fuertes
(Strong Bolivar)
2506666-072 2 Bolívares 2012 - Printer: CMVVenezuela67 EPQ
VEN89, 2007-2016, 5 VEF Bolivares Fuertes
(Strong Bolivar)
8046637-009 5 Bolívares Pick Unlisted 2014 - Printer: CMVVenezuela67 EPQ
VEN90, 2007-2016, 10 VEF Bolivares Fuertes
(Strong Bolivar)
8046596-003 10 Bolívares 2013 Venezuela67 EPQ
VEN91e, 2007-2016 (2011), 20 VEF Bolivares Fuertes
(Strong Bolivar)
8085715-052 20 Bolívares 2011 - Printer: CMVVenezuela68 EPQ
VEN91, 2007-2016 (2014), 20 VEF Bolivares Fuertes
(Strong Bolivar)
8046364-053 20 Bolívares 2014 - Printer: CMVVenezuela66 EPQ
VEN92, 2007-2016, 50 VEF Bolivares Fuertes
(Strong Bolivar)
8047658-017 50 Bolívares 2015 - Printer: CMVVenezuela66 EPQ
VEN93, 2007-2016, 100 VEF Bolivares Fuertes
(Strong Bolivar)
8077102-070 100 Bolívares 2015 - Printer: CMVVenezuela68 EPQ
VEN94, 2016-2017, 500 VEF Bolivares Fuertes
(Strong Bolivar)
8046875-079 500 Bolívares 2016 - Printer: CMVVenezuela67 EPQ
VEN95, 2016-2017, 1000 VEF Bolivares Fuertes
(Strong Bolivar)
1740967-062 1000 Bolívares Pick Unlisted 2016 - Printer: CMVVenezuela67 EPQ
VEN96, 2016-2017, 2000 VEF Bolivares Fuertes
(Strong Bolivar)
1740966-075 2000 Bolívares Pick Unlisted 2016 Venezuela68 EPQ
VEN97, 2016-2017, 5000 VEF Bolivares Fuertes
(Strong Bolivar)
1740971-059 5000 Bolívares Pick Unlisted 2016 - Printer: CMVVenezuela67 EPQ
VEN98, 2016-2017, 10000 VEF Bolivares Fuertes
(Strong Bolivar)
1741802-106 10,000 Bolívares 2016 - Printer: CMVVenezuela66 EPQ
VEN99, 2016-2017, 20000 VEF Bolivares Fuertes
(Strong Bolivar)
2506671-019 20,000 Bolívares Pick Unlisted 2016 - Printer: CMVVenezuela66 EPQ
VEN100b, 2017, 100000 VEF Bolivares Fuertes
(Strong Bolivar)
8076118-022 100,000 Bolívares 2017 - Printer: CMVVenezuela66 EPQ
VEN101a, 2018, 2 VES Bolivares Soberanos
(Sovereign Bolivar)
8077102-067 2 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN102a, 2018, 5 VES Bolivares Soberanos
(Sovereign Bolivar)
8083349-039 5 Bolívares 2018 - Printer: CMVVenezuela68 EPQ
VEN102a*, 2018, 5 VES Bolivares Soberanos
(Sovereign Bolivar)
Replacement Note
8077102-071 5 Bolívares 2018 - Printer: CMVVenezuela66 EPQ
VEN103a, 2018, 10 VES Bolivares Soberanos
(Sovereign Bolivar)
8083261-008 10 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN104, 2018, 20 VES Bolivares Soberanos
(Sovereign Bolivar)
 
VEN105a, 2018, 50 VES Bolivares Soberanos
(Sovereign Bolivar)
8083261-009 50 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN106a, 2018, 100 VES Bolivares Soberanos
(Sovereign Bolivar)
8072677-062 100 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN107a, 2018, 200 VES Bolivares Soberanos
(Sovereign Bolivar)
8083261-015 200 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN108b, 2018, 500 VES Bolivares Soberanos
(Sovereign Bolivar)
8081502-011 500 Bolívares 2018 - Printer: CMVVenezuela67 EPQ
VEN109a, 2019, 10000 VES Bolivares Soberanos
(Sovereign Bolivar)
Wide Seg. Sec.
Thread
 
VEN109b, 2019, 10000 VES Bolivares Soberanos
(Sovereign Bolivar)
Narrow Seg. Sec.
Thread
8085076-074 10,000 Bolívares 2019 - Wmk: S. Bolívar & BCVVenezuela67 EPQ
VEN110a, 2019, 20000 VES Bolivares Soberanos
(Sovereign Bolivar)
Wide Seg. Sec.
Thread
8081912-014 20,000 Bolívares 2019 - Wmk: S. Bolívar & BCVVenezuela68 EPQ
VEN110b, 2019, 20000 VES Bolivares Soberanos
(Sovereign Bolivar)
Narrow Seg. Sec.
Thread
8085076-076 20,000 Bolívares 2019 - Wmk: S. Bolívar & BCVVenezuela68 EPQ
VEN111a, 2019, 50000 VES Bolivares Soberanos
(Sovereign Bolivar)
Wide Seg. Sec.
Thread
8079610-041 50,000 Bolívares 2019 - Wmk: S. Bolívar & BCVVenezuela67 EPQ
VEN111b, 2019, 50000 VES Bolivares Soberanos
(Sovereign Bolivar)
Narrow Seg. Sec.
Thread
8086897-024 50,000 Bolívares 2019 - Wmk: S. Bolívar & BCVVenezuela68 EPQ
VEN112, 2021, 200000 VES Bolivares Soberanos
(Sovereign Bolivar)
 
VEN113a, 2021, 500000 VES Bolivares Soberanos
(Sovereign Bolivar)
8087733-085 Venezuela, Banco Central
500,000 Bolívares - Printer: CMV
Venezuela68 EPQ
VEN114, 2021, 1000000 VES Bolivares Soberanos
(Sovereign Bolivar)
 


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