Counterfeit 100 Trillion Zimbabwe Currency Banknotes Infect eBay’s Zim Offerings
By: Peter Egan
Zimbabwe banknotes (aka: “Zim Bonds”) being sold out of China have been identified as fake. How prevalent is the problem?
“The whole (eBay) marketplace is toxic right now as a result...“ ~ eBay Seller
Sometime in May I made a purchase of an eBay listing for ten $100 Trillion Zimbabwe banknotes from a new seller I was not familiar with who was based out of China. I do business with a couple of Chinese sellers who are great to do business with, whose products are always authentic, relatively inexpensive and delivered to me quickly. This seller is not one of them. The listing was priced well below market rates, and part of me suspected they might be fake. Still, the price was too good to not give it a shot, figuring that if in fact they were fake I could always return them.
BELOW: Counterfeit $100 Trillion Dollar Bill (Zimbabwe Currency)
BELOW: Zimbabwe Flag
Until I saw a counterfeit Zimbabwe $100 trillion dollar banknote from the 2008 hyperinflation currency, I didn’t believe that they even existed. After all, why would anyone who has made the investment into state-of-the-art counterfeiting equipment and the supplies needed to operate it waste their time, money and focus forging a currency that has the dubious distinction of being history’s most worthless currency? They wouldn’t, right?
Well, I figured they’d be out making dollars or Euros or Yen or something similar until I opened up a shipment from an eBay seller whose price was so low I had to take a flier on his products.
Well, my first assessment of these notes from China was correct. The notes did in fact turn out to be fake. However, they were such good fakes that I would be shocked if most buyers would have been able to determine that they were in fact counterfeit. The notes even had the long-rumored color-changing ink on the left-side of the obverse side of the note (more on this in a bit). However, the notes lacked any of the security fibers that glow under ultraviolet lighting, which is the one security feature present in every authentic $100 trillion Zim bond note I’ve inspected. Color-changing ink is not, however so many high-profile sellers have documented that this is a security feature present (it is not -- at least not in enough of the legitimate, authentic notes to be used to exclude all notes absent it) that buyers generally tend to go in with the false impression that notes absent that ink are fake. The truth is that in all of my research, I’ve seen $10, $50 and $100 trillion Zimbabwe banknotes that were authentic and had serial numbers printed with an ink that changed from red to bright orange under UV lighting. However these make up a very small percentage of the notes in these denominations, as most authentic notes do not have this feature.
BELOW: Gif of a Hollywood money counterfeiting machine.
The absence of the security fibers was enough to raise red flags about my purchase from a new-to-eBay Chinese vendor. Other noticeable discrepancies including the coloring being slightly off make me even more suspicious. Finally, I went and brought them to a professional who conformed what by then I already knew --- that the ten 100T notes I bought were fake. When I went to try to return them I found that the seller’s eBay account was no longer active, but by looking at the old listing, I was able to determine that he had sold at least nine lots of ten notes to other buyers besides myself, a few of whom left positive feedback.
“The whole (eBay) marketplace is toxic right now as a result of these fake notes entering circulation over there. There’s no telling how many have not been identified and removed from circulation. The seller who reported these did so at his own expense, and he took a considerable loss to remove the fake ones from the marketplace. How many others would be willing to eat a loss when they know they can get away with selling them and making them someone else’s problem. And that’s just the ones who figure out that they’re fake. Most won’t even get that far, especially collectors who don’t sell the stuff for a living.” ~ eBay Seller on the Plague of Counterfeit 100 Trillion Zim notes on the eBay platform
I personally have observed these same notes as those I had purchased, sold by the same seller, listed for resale by other US-based collectors who had decided to try to take advantage of the low rate to flip some of their steal of a deal (at least in their minds... I doubt most collectors even realize that they’re counterfeit), many selling enough to pay for those they keep. But the problem that causes is now they’re in circulation on eBay and are being traded on eBay among secondary sellers who bought from the same Chinese vendor I purchased from, only they haven’t sold hundreds if not thousands of authentic 100 Trillion notes and weren’t able to establish that they were counterfeit like I was able to do.
BELOW: The counterfeit one-hundred trillion dollar Zimbabwe banknote viewed by me under ultraviolet (UV) lighting.
ABOVE: Notice the total lack of security fibers, an omission that becomes more glaring when coupled with the color-changing ink.
So once I knew the notes were fake and knew I couldn’t return them for a refund, I decided to absorb the loss and not resell them. I will be making a couple of videos in which I’ll attempt to communicate to buyers what to look for and how to know if the note you’ve purchased is real or fake, but other than that I have no intention to use or sell the notes, and will almost certainly destroy them on video, a copy of which will be posted here to prove the notes were all destroyed.
In the meantime, buyers should carefully vet their sellers if buying 2008 Zimbabwe banknotes, especially if buying from eBay. It may be best to just avoid eBay for a few weeks and let the market cleanse itself of the forgeries.
BELOW: Egan Store (good seller who is absorbing a loss so more counterfeit notes don’t enter circulation) official logo banner.
If anyone has any questions I can be reached through the messaging feature on Etsy. The Egan Store Etsy shop URL is: https://www.etsy.com/shop/EganStore, but most repeat customers simply type www.EGAN.store into their web browser of choice to reach us without having to make several unnecessary clicks.
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I am so so so insane about Sonic and Tails
Like they just
They meet each other in every universe? In every universe we've seen they meet each other
In every adaptation they both exist they find each other
In every universe only a version of Tails lives in, a Sonic eventually meets him (even if he has to traverse worlds to do so)
Sonic Prime showed us different examples of worlds without Sonic, and versions of Tails who never met him. And yet, even they bond with him eventually
Maybe they don't have the same dynamic every time, but they're bound to have some sort of relationship in every universe. That drives me insane
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