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The E-Sylum:  Volume 9, Number 11, March 12, 2006, Article 22

BANK OF KOREA AUCTIONS LOW-SERIAL NUMBER BILLS

On March 3 the BBC reported that "The Bank of Korea’s Internet
auction of its new 5,000 won bills brought in more than 300
million won."

"The Bank of Korea put 9,900 bills that featured the serial
numbers “101” to “10,000” up for auction. Although some bills
did not sell at all, a 5,000 won bill sold for about 38,000
on average.

"The bills that attracted the most interest were in a bundle
of ten bills that contained the digits “7771” to “7780,”
including “7777.”

"The Bank of Korea is planning to hold a fourth auction for
items that did not sell in previous auctions. All auction
proceeds will go to charity."

To read the complete article, see: Full Story

[The article notes that some of the winning bidders did not
pay, so it's hard to judge the true value of the notes.  But
it takes some of the fun out of collecting when you can buy
unusual notes directly from the source; it's much more of an
adventure to seek them in the wild.

Have any other countries gotten into selling special serial
number notes?  I know the U.S. Bureau of Engraving and Printing
sells a wide variety of individual notes and sheets, including
star notes.  Have they gotten into the game of reserving and
selling low and unusual serial numbers?  And what about custom
serial number?  If Motor Vehicle departments can sell
personalized license plates, why not personalized notes?
-Editor]

  Wayne Homren, Editor

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