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This bill is highly desired by collectors and has fetched millions of dollars at auction.
Numismatics is the study and collecting of coins and other related objects, such as banknotes, securities and medals. In this area, certain bills or coins acquire a value much higher than their original denomination, since its increase is linked to its rarity and its economic, commercial or political history.
An example of this valorization is the Colombian 500 peso bill issued in 1923, the same year that the Bank of the Republic was founded.
This piece, which has an image of the liberator Simón Bolívar illustrated on its obverse, has become very coveted by collectors due to its rarity and the state of conservation in which it is found.
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The millionaire sum that can be obtained by selling this ticket
In addition to the image of Simón Bolívar, This bill has several engravings in green, In each of the corners and in the center is the number 500, in addition, below it you can read, in smaller font, “Five hundred gold pesos.”
Its value is due to the fact that this banknote became extinct in its face value in 1993 and marked an important step in the historical and economic sphere of the country. It ceased to exist when it was replaced by the 500 peso coin in the midst of the transition from bills to coins.
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In some recent auctions, This piece has reached exorbitant figures. According to the numismatic specialist known on social networks as @numismaker, This Colombian banknote is valued at 180 million pesos, as only two copies of it are known in the entire world.. Furthermore, one of these examples was auctioned for 64 million pesos in 2007.
In order to earn large sums of money by selling old banknotes, several factors must be taken into account such as their rarity and the condition in which they are found. In this order of ideas, It is essential that all printed characters are clearly legible and that the paper is free of significant damage.
