Zimbabwe 100 Trillion Dollar Note Value: Price by Grade (2026)
Last updated: July 2026
A genuine Zimbabwe 100 trillion dollar note (2008, Pick 91) currently retails at Planet Banknote for $198.17 in raw Uncirculated condition with the AA prefix. Professionally graded examples run from $209 for PMG 65 EPQ to $367 for PMG 68 EPQ, with most collector purchases falling between $198 and $329. Prices change with inventory.
100 Trillion Dollar Note Price by Grade and Variety
Planet Banknote current retail prices as of July 2026; prices change with inventory. All notes below are the 2008 Zimbabwe $100,000,000,000,000 issue, Pick 91, AA serial prefix.
| Grade / Variety | What that grade means | Planet Banknote current retail | Notes |
|---|---|---|---|
| Raw Uncirculated (UNC), AA prefix | Never circulated, no folds or handling wear, not yet certified by a grading service | $198.17 | The standard entry point; ships with a free Certificate of Authenticity |
| PMG 65 Gem Uncirculated EPQ | Gem quality on PMG's 1 to 70 scale; EPQ certifies original, unaltered paper | $209 | Lowest-cost certified option; Planet Banknote Pedigree label |
| PMG 66 Gem Uncirculated EPQ | High-end Gem; strong centering and eye appeal with original paper | $229 | Popular balance of certification and price |
| PMG 67 Superb Gem Uncirculated EPQ | Superb Gem; near-flawless margins, registration, and paper quality | $279 | A common target grade for registry-minded collectors |
| PCGS 68 Superb Gem Uncirculated PPQ | Among the highest grades either service assigns; PPQ certifies premium original paper | $329 | PCGS Banknote holder |
| PMG 68 Superb Gem Uncirculated EPQ | Top-tier PMG grade for this issue; very few notes grade higher | $367 | Planet Banknote Pedigree label; the top of our current single-note ladder |
| Bundle: 100 consecutive raw UNC notes | One hundred Uncirculated AA notes with consecutive serial numbers | $19,369 | Consecutive runs are increasingly hard to assemble; ships with COA |
These are Planet Banknote's own retail prices, published so collectors have a real, dated reference point. Other dealers and auction results will differ. We do not quote other sellers' prices here because they change constantly; when researching, compare recent sold prices, not asking prices.
Why is the Zimbabwe 100 trillion dollar note valuable?
The 100 trillion dollar note (Pick 91) is the highest-denomination banknote of the modern era, with fourteen zeros across its face. It is dated 2008, was released in January 2009, and was withdrawn in April 2009 when Zimbabwe abandoned its dollar for a multi-currency system. That short life is the core of its appeal: it circulated for roughly three months at the climax of one of history's worst hyperinflations.
How bad was that hyperinflation? Economist Steve Hanke of the Cato Institute calculated Zimbabwe's peak month-on-month inflation at approximately 79.6 billion percent in mid-November 2008. Prices were doubling in roughly a day. The 100 trillion note was the Reserve Bank of Zimbabwe's final, futile attempt to keep cash usable, and it was nearly worthless the day it entered circulation.
The design adds to the story. The front features the Chiremba Balancing Rocks, the granite formation near Epworth outside Harare that appeared on Zimbabwean money for decades. The back depicts a Cape buffalo and Victoria Falls, as described in the Wikipedia entry for the note and in major dealer listings. A note this dramatic, this recent, and this affordable is a natural first purchase for new collectors, which keeps demand steady. For the full history, see our complete Pick 91 guide and the rest of our Zimbabwe banknote collection.
What determines a 100 trillion note's value?
Five factors drive the price of any individual note. In rough order of impact:
1. Grade and condition
Condition dominates. On the PMG and PCGS 1 to 70 scale, the jump from a raw Uncirculated note to a PMG 68 EPQ example spans $198.17 to $367 in our current inventory. EPQ (PMG) and PPQ (PCGS) designations certify original, unaltered paper, and collectors pay real premiums for them. Circulated notes with folds, stains, or tears sell for substantially less than any figure in the table above.
2. Serial prefix: AA versus later prefixes
The AA prefix marks the first print run of Pick 91 and is the form most collectors and price references treat as standard. Planet Banknote stocks AA-prefix notes in both raw and graded form. When comparing prices across sellers, always confirm which prefix is on offer, because listings do not always say.
3. Replacement notes
Like most issuers, the Reserve Bank of Zimbabwe printed replacement notes under distinct serial prefixes to substitute for sheets damaged in production. Replacements from this series are scarcer than regular-issue notes and command premiums when they surface. Verify any replacement claim against the serial number before paying extra.
4. Consecutive serial numbers
Runs of consecutive serials, whether a pair, a strip of five, or a full bundle of one hundred, carry a premium over the same notes sold individually because unbroken runs get rarer every year as bundles are split up. Our 100-note consecutive bundle at $19,369 works out to about $194 per note, priced for the intact run.
5. Raw versus slabbed
A slabbed note (certified and encapsulated by PMG or PCGS) removes the two biggest risks in this market: authenticity and grade inflation by the seller. That security is why certified examples in our ladder run $209 to $367 against $198.17 raw. If you are buying one note to keep, raw with a Certificate of Authenticity is a sound start. If you are buying for long-term value or eventual resale, the slab premium usually earns its keep. Browse our graded banknotes to compare holders and labels side by side.
Is the 100 trillion dollar note a good investment?
The honest answer: it has appreciated, and past appreciation guarantees nothing.
The appreciation story is real and documented. The Guardian reported in May 2016 that the 100 trillion note had become a sought-after collectible, with early buyers who acquired notes around the currency's 2009 collapse reselling them for many multiples of what they paid. Planet Banknote's own raw retail of $198.17 in July 2026 sits far above the prices commonly seen in the years right after withdrawal.
Now the risk framing, which most sellers skip:
- Supply is meaningful. Large quantities of Uncirculated 100 trillion notes left Zimbabwe in bricks and bundles. Fresh supply reaching the market can soften prices for raw notes. High-grade certified examples are more insulated because certification filters for the best survivors.
- Collectibles have no yield. A banknote pays no interest or dividend. Returns come only from another collector paying more later.
- Liquidity is thin. Selling means finding a dealer or auction buyer, and dealer buy prices sit below retail. Expect a spread.
- Condition risk is real. A single fold can remove a large share of a raw note's value. Store notes in rigid holders, away from light and humidity.
- Zimbabwe demonetized the currency in 2015 (Reuters, June 2015), so there is no floor from exchange value. The price is 100 percent collector demand.
Our view: buy the note because the story deserves a place in your collection, and treat any future gain as a bonus. If you do buy with value in mind, favor certified high grades and intact consecutive runs, since those are the forms with the strongest scarcity case.
Where can you buy a 100 trillion note safely?
The 100 trillion note is one of the most counterfeited and misdescribed items in world paper money because demand is high and most buyers are first-timers. Three rules keep you safe:
- Buy certified, or buy from a source-first dealer. A PMG or PCGS slab settles authenticity. For raw notes, buy from a dealer that documents where its notes come from and stands behind them.
- Demand a Certificate of Authenticity. A COA tied to a named, reachable business gives you recourse. Every Planet Banknote order includes one free.
- Check the security features. Genuine notes carry a patterned security stripe and a silhouette of the Zimbabwe Bird printed in optically variable ink, so the color shifts as you tilt the note, as described in the Wikipedia entry for the note. Flat, non-shifting stripes are the most common counterfeit tell.
Planet Banknote is a family-owned dealership in Sarasota, Florida, founded in 2021. Every note is sourced direct from mints, central banks, and authorized distributors, inspected through our Planet Banknote Verified process, and ships with a free Certificate of Authenticity. US orders ship free via USPS Priority, and every order includes a free bonus gift.
Start with the raw UNC AA-prefix 100 trillion note, or step up to a certified example from our graded banknote collection. Questions about ordering, shipping, or returns are answered on our FAQ page.
Frequently asked questions
How much is a Zimbabwe 100 trillion dollar note worth in 2026?
At Planet Banknote, a raw Uncirculated AA-prefix 100 trillion note retails for $198.17 as of July 2026. Certified examples range from $209 for PMG 65 EPQ to $367 for PMG 68 EPQ. Prices change with inventory and vary between dealers, so treat these figures as one dealer's current retail rather than a fixed market price.
Can I still exchange a 100 trillion dollar note for money in Zimbabwe?
No. The note was withdrawn in April 2009 when Zimbabwe abandoned its dollar for a multi-currency system, and the currency was formally demonetized in 2015 (Reuters, June 2015). No bank will exchange it. Its entire value today comes from collector demand, which is why condition and certification matter so much.
What does the AA serial prefix mean on a 100 trillion note?
AA marks the first print run of the 2008 100 trillion dollar note (Pick 91). Collectors treat first-prefix notes as the standard, most desirable form of the issue, and AA is the prefix Planet Banknote stocks in both raw and graded form. Always confirm the prefix before comparing prices between sellers.
Should I get my 100 trillion note graded?
Grade it if you believe it is fully Uncirculated and you plan to hold or eventually sell it. In Planet Banknote's July 2026 retail ladder, certified notes carry a clear premium over raw, from $209 at PMG 65 EPQ up to $367 at PMG 68 EPQ against $198.17 raw. If your note has folds or handling, grading fees can exceed the value a circulated grade adds.
How can I tell if a 100 trillion dollar note is real?
Genuine notes carry a patterned security stripe and a silhouette of the Zimbabwe Bird printed in optically variable, color-shifting ink, as described in the Wikipedia entry for the note, plus the Chiremba Balancing Rocks design on the front. The safest routes are buying a note already certified by PMG or PCGS, or buying from a source-first dealer that ships a Certificate of Authenticity with every order.