EARLIER SAUDI ARABIA 1 RIYAL P-11b c.1968 - NICE UNC!

Description

misterbanknote - Richard J. Reed World Paper Money - genuine world banknotes, hollywood movie prop money, antique stocks, bonds, checks, old coins, souvenir cards, novelty money, fantasy art naked lady bills
Since 1981, a dealer in conservatively-graded financial paper collectibles offering fair pricing and fast, friendly service
World Paper Money & Coins - Antique Stocks, Bonds, & Checks - Hollywood Movie Prop Money - Fantasy Art Bills - Novelty Bills - Souvenir Cards
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PLEASE READ THIS IMPORTANT INFORMATION
BEFORE YOU BID OR BUY
!
TITLE/DESCRIPTION:
EARLIER SAUDI ARABIA 1 RIYAL  P-11b c.1968 - NICE UNC!
CLASSIFICATION OF ITEM:
Genuine world paper money
GRADE OR CONDITION:
Uncirculated (UNC)
APPROXIMATE SIZE: 5
" long by 2 1/2" high
CATALOG NUMBER (from
Albert Pick's
"
The Standard Catalog of World Paper Money" {modern issues}
):
11b
ADDITIONAL INFORMATION:
The note you receive will be similar to the sample note pictured but will have a different serial number.  This colorful and scarce banknote will make a great addition to your collection!
For other terrific deals, sales, and closeouts, please visit our misterbanknote store!
FEEDBACK:
We normally leave you great feedback once the item has been shipped.
Please remember to leave us (hopefully) great five star seller feedback on all points
.  If you don't sell on ebay, you may not realize it, but anything less than five stars is considered essentially bad service by ebay management and affects a seller's ability to compete in the marketplace.  It is our goal to provide a wonderful buying experience to all of our customers.  In order to keep ebay from being overwhelmed by a few large sellers who will then be free to monopolize and control the market, please support us and the other "little guys" out there who deliver a great product in a timely manner and offer you items that you may not be able to find anywhere else (at least at a reasonable price)!
If you have any questions or problems about a transaction with us, please contact us so that we can answer your questions or work to help resolve any problems in a reasonable manner
before
any hasty and derogatory feedback is left
.
We always endeavor to treat you
, our highly valued customer,
the same way we like to be treated
, with prompt, friendly, and honest service, delivering great products at a fair price and in a timely manner.  Life is too short to waste squabbling about minor, inconsequential matters, especially while engaged in a hobby activity that is, above all else, supposed to provide pleasure to the partakers thereof!  We hope you will enjoy our transaction together, will come back many times with repeat business, and will recommend us to your collecting friends too.
We are a member of the International Bank Note Society (IBNS), Society of Paper Money Collectors (SPMC), and Florida United Numismatists (FUN).
We have been dealing in world notes since 1981
and have always run our business by offering
conservatively graded material, fair pricing, and fast, friendly service
,
so
buy and bid with confidence!
SPECIAL DISCLAIMER CONCERNING FANTASY ART, NOVELTY, PROP, & OTHER NON-NOTES:
Rarely we come across buyers who have unrealistic expectations about the quality of non-genuine banknotes that we sometimes offer for sale.  These include movie prop notes, common novelty bills, Chinese hell notes, political notes, replica notes, reprint notes, and fantasy art bills.  Due to the fact that these "notes" are not issued by some monetary authority for use as real currency, they can not be held to the same print quality or paper quality standards as a genuine banknote printed by one of the big banknote companies like American Banknote or Thomas de la Rue.  Quality can vary depending on the type of "funny money" bill but they will definitely not be up to the standards of a banknote that has been created by fine-steel engraving.  Items sold in of themselves are legal to own, however, as with most anything, if misused (i.e.  if someone tries to pass one off as a genuine bill), there can be serious outcomes, such as being arrested for fraud, passing a counterfeit bill, or uttering a forgery!  Use your head, don't try to spend a non-negotiable bill or sell it to another collector as negotiable money.
SALES TAX:
Florida residents must add
sales tax
.  In lieu of the tax, registered dealers can submit a signed copy of their resale certificate to the contact address below.
PAYMENT INFORMATION (GENERAL):
PayPal is the standard ebay payment method, with the conditions for domestic and international shipments as noted below.
Due to risk, we restrict the total amount of funds accepted via PayPal  per shipment and per time period.
We reserve the right to reject any payment by PayPal  for any reason, including if PayPal states that the transaction is not eligible for seller protection
.
If you are planning on purchasing items costing more than a total of 0, whether verified or not, please contact us prior to
placing your bid/purchase order.
PAYMENT (DOMESTIC - USA):
PayPal is accepted from verified US members and items are shipped to their domestic USA PayPal-confirmed addresses.
We will also accept PayPal from non-verified US buyers with items shipped to their PayPal-listed address.
PAYMENT (INTERNATIONAL):
If the item(s) purchased
are listed for shipment outside the USA
,
we will accept PayPal payment from international buyers.  All items must be sent to your PayPal-listed address.
All shipments
sent outside the United States and
paid by PayPal in the amount of
or more
MUST
be sent by registered mail for an additional fee
(added to the standard first class international shipping charge).
Note that
registered mail is
very safe but
much slower than standard mail
, so please be patient.
Overseas registered items can take several weeks to be delivered.
DELIVERY CONFIRMATION/TRACKING NUMBER:
Certain lower-cost items are not tracked due to the increased cost of shipping which would not be worth it for these items.  For thin items which are tracked, you may find a styrofoam or cardboard insert in your package that creates a bulge in the packaging.  The postal service requires that a packet be at least 3/4" thick in order to use delivery confirmation, that is the reason for the insert.
DELIVERY:
Every effort is made to send the merchandise to the buyer as soon after payment is received as possible.   In most cases orders are shipped within one business day after receipt of your
cleared payment
.  Bear in mind that
once the package has been mailed, it is out of our hands
.
Overseas packages, particularly registered packages, can be very slow in reaching their destination,
so please be patient
.
OTHER TERMS:
Payment is due within 7 days of the sale close date.
Failure to honor your obligation to pay for a winning bid in our auction or instant-purchase sale will result in being placed on our "blocked bidder" list
.
CONTACT US:
thru ebay's "My Messages" system.  You can also send  standard mail to:
RICHARD J. REED
P. O. BOX 20665
SARASOTA, FL 34276-3665
GRADING STANDARDS FOR BANKNOTES AND SIMILAR PAPER ITEMS
GENERALIZED, NON-SPECIFIC GRADES:
LOW GRADE or HEAVILY CIRCULATED
- generally POOR to VERY GOOD (see below specific grades)
MID GRADE or CIRCULATED
- generally VERY GOOD to VERY FINE (see below specific grades)
MIXED CIRCULATED
- generally LOW GRADE to HIGH GRADE circulated (see below specific grades)
HIGH GRADE or LIGHTLY CIRCULATED
- generally VERY FINE to ALMOST UNCIRCULATED (see below specific grades)
VIRTUALLY NEW
- generally ALMOST UNCIRCULATED to full UNCIRCULATED (see below specific grades)
SPECIFIC GRADES:
POOR
- a virtual 'dog,' generally a raggy, dirty, torn, and sometimes taped-up poor-excuse of a banknote that has seen better days and is generally collectible only as a filler or curiosity unless it is extremely rare.
FAIR
- this is barely one step up, maybe not quite so raggy or dirty but perhaps missing a piece or more of the note along with other defects.  This grade still exhibits extreme limpness generally.
GOOD
- like the grade 'GOOD' for a coin, GOOD really isn't so good although it is possible to have a semi-attractive note that still grades only GOOD due to the fact that it may have tears and small missing pieces as well as heavy creasing.  Most GOOD notes have seen a lot of circulation and will show evidence of this such as many heavy folds, stains, edge tears perhaps extending into the design, pinholes, a center hole from excessive folding, etc.
VERY GOOD
- this grade will have fewer or less severe defects than the grade of GOOD and a number of VG notes are in fact quite attractive, especially instances where a note has been folded and refolded numerous times on the same creases, wearing a small hole through center and maybe causing a tear to appear in the design.  At this point I want to introduce the notion of split grades, that is, an instance where the note is clearly better than GOOD but not quite VG.  In this case, we might call the grade G-VG or G+ or even aVG (about very good).  Experience is the best teacher for this; after you've handled dozens of well-used notes, you may feel more comfortable about split grading. Maybe you'll never feel comfortable because you might not even like the idea.  We use split grades on occasion and believe most dealers and collectors do. I am less enthusiastic about the use of a 70-point grading scale such as is used for grading coins; more on this when we get there.
FINE
- this grade exhibits still considerable circulation with a number of creases, folds, wrinkles, minor border tears (which cannot enter the design portion of the note), and maybe a few pin or staple holes. At this point, a note is appearing somewhat attractive at least. After handling enough different notes, you'll come across some that appear to meet or exceed a certain grade except for some defect.  Usually, this is handled by assigning that grade to the note but following it with a description of the defect. For example, you might have a note that is at least a FINE except for that somewhat obvious stain in which case you would describe it as FINE but stained or FINE but moderately stained or FINE but heavy corner stain, etc., whatever the case might be.  Naturally the value of a note like this would normally be lower than a defect-free note of the same grade. Generally the higher grade a note is, the more 'picky' you should be about describing a defect that is not a normal characteristic of that grade.  For example a VERY FINE note with a tiny tear or two might be listed as VF but border tear or could just be downgraded (or net graded) to F-VF or "net F-VF," though the tear should still be described.
VERY FINE
- Moving along, we start getting into the truly bright and more attractive notes in the VF grade and up.  General characteristics of a VF note include: not more than a few vertical/and horizontal folds, a crisp paper, edges and corners can show slight wear but no tears are found in the border areas or anywhere else for that matter on the typical VF note. A slight amount of soil or smudging can be present but this should really be minimal in my opinion.
EXTREMELY FINE
- This is an extremely attractive note, showing only minor evidence of handling.  According to the grading standards of the International Bank Note Society, or IBNS, an EF note may exhibit 'a maximum of three light folds or one strong crease.'  An EF note is bright and without signs of soil. To the casual observer, it should appear just about new. There will be only very minute wear on the corners or edges.
ABOUT UNCIRCULATED
- The next step up from extremely fine, this is a note which would grade uncirculated except for some very minor handling or use such as a so-called wallet fold where the note has a very light fold (not a creased fold).  An AU note might have a slight bend or wrinkle from being counted. In any case, this remains a very bright, new-looking note.  An AU-UNC designation is often applied to notes with an extremely inconspicuous counting wrinkle, or a note which might have a tiny corner nick, rippled surface of the paper (due to humidity or some other environmental condition), or a note having a so-called dimple at the top of the security strip.
UNCIRCULATED
- New, as issued, with no defects with one possible exception.  It is possible to have an UNC note that has staple holes, this due to the fact that some countries, including India and Pakistan, normally staple quantities of notes together prior to issue.  In this case, a description of 'UNC - usual staple holes' is the rule.  Otherwise, an uncirculated note is just that. More so in regards to U. S. paper currency but also
occasionally used in describing UNC world notes are the adjectives 'choice' and 'gem.'  I could see a particularly well-centered, attractive note perhaps earning one of these designations, however, I'm not convinced we need both terms.  This mainly due to the concern that people would next move toward a silly multi-point UNC grading system like that of coins, particularly U. S. coins. In fact this has already happened. Some very rare (and not-so-very-rare) U. S. and world notes are being "slabbed" (put in special sealed holders) and commercially graded by numismatic grading companies using the 70-point scale.
Just my personal opinion, but it seems like a convenient way to squeeze a lot more dollars for a "superb gem UNC MS-66 note."  To newcomers to the numismatic community, "MS" refers to mint state (i. e. Uncirculated) and the "66" part indicates the relative "grade of uncirculation" with 60 being the lowest and 70 the ultimate or theoretically "perfect" note.  About Uncirculated would range from 50 to 59, etc.  This system has been in use for a number of years now in the coin business.  The worst part is, the difference in a coin's value from a single key grading range (say MS-65 to MS-66) can be thousands of dollars for a "rare" item.  This great difference in perceived value by some is why the whole grading system is controversial by nature because grading, is, in the final analysis, subjective (i. e. "beauty is in the eye of the beholder"). Thus, there is a lot of room for abuse.  Also I have not been impressed with the grading of some of the so-called professional grading companies.  I once sold a slabbed note that looked to me to be in VG grade but the grade on the holder said VF!  I warned the potential buyers of this (the note was in an auction) and still it sold for at least the price of a nice VF note - go figure!).  I believe a note will stand on its own; if it's hard to find, attractive, and actively sought by collectors, it's going to bring a better price.  Many world notes are also common, but so attractive that they are always eagerly snapped up by enthusiastic collectors.  There are a number of older notes from hard-to-find countries that list for a low price in
The Standard Catalog of World Paper Money
but sell for multiples of the catalog price due to the fact they are so difficult to locate.   Most world paper collectors and dealers with experience will tell you the catalog is a starting point guide but there are many values listed in there that don't "jive" with the real world - they are either too high or too low in many cases.
Another item to perhaps bear in mind, the grading system for U. S. notes is similar in many ways to that of world notes, but it has been my experience that the world system is generally more conservative, particularly for the upper grades.  I have seen ads like "UNC - 1 fold."  What does
that
mean?  Sounds like an EF or AU note to me (EF if creased, AU if just a light fold or "wallet bend").
An additional point - notes, like coins, have sometimes been cleaned or had their appearance improved in some way. This is not always apparent.  Some collectors have no problem with this, others feel, as with coins, that the items shouldn't be altered in any way. For notes, alterations can include actually washing the note (literally "laundering money!"), trimming it, erasing graffiti, pressing the note, mending tears, etc. The buyer should be aware that a note can be washed and pressed to improve its grade and a note altered in this way should not command the price of a note naturally appearing in this grade. A word of advice on mending tears, if you are inclined to mend tears, please don't use cellophane tape. Sooner or later it makes a mess of whatever its been taped to as it turns yellow and brittle. If you feel you need to tape a tear, use the permanent translucent tape that's now widely available.
Hopefully this clarifies grading a little if you're a beginner or at least serves to demonstrate my interpretation of it and what kind of grading criteria you should expect and demand from my company.  Clients have been, I  am happy to report, very pleased with the quality of service as the return rate for notes has been a tiny fraction of  far less than one percent.   (These grading standards taken from my misterbanknote web site)
misterbanknote - because
m
o
n
e
y
does not grow on trees
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