RealBanknotes Paper Money Collecting

Great Bargain: Ethiopia p8 (10 Thalers from 1932)

by on Jul.15, 2012, under Recent Acquisitions

If I ever had to slim my collection down to, say … 100 or so, this note would definitely make the cut. The first issues of paper money from Ethiopia were of a currency called Thalers, and with the exception of the 2 Thaler note (the lowest denomination), this paper money featured African animals on the front face. The ten Thaler note, also know as Ethiopia pick 8, features a leopard on the prowl. It is a beautiful note, and one that is quickly becoming scarce on eBay. I was thrilled to purchase this one, and did so at a bargain. However, even at catalog value this banknote is a scarcity and a wise investment. I figure that if you don’t buy one now (for $100-$200) you’ll be asked to pay $500+ within five years.

I’ve tracked the sales of these early Ethiopian notes, and have noticed a drastic decline in their availability in auction format on eBay. As a matter of fact, there is only one on sale in the ‘Buy It Now’ format, and its price is $450. Here’s the one I managed to land:

Ethiopia p8 1932 10 Thalers

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