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SirTimberWolf

Selling 50$

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Nice try, Ralphis.

Also, is it actually in mint condition or just "near mint?" Don't false advertise.

It'll be kinda funny if the winning bid is 50.00.

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Isn't it illegal to sell money at anything but face value? Not that it stops a lot of people, or that the government cracks down on that sort of thing, but I think it is.

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Danarchy said:

Isn't it illegal to sell money at anything but face value? Not that it stops a lot of people, or that the government cracks down on that sort of thing, but I think it is.


There is probably an exemption for pieces of collectible value.

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This item has a reserve value, which may well be $50, if not more.

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myk said:

This item has a reserve value, which may well be $50, if not more.


In the description it says "Reserve is the face value of the bill (50$)".

Also, no feedback and no paypal(no protection)? Come on.

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Danarchy said:

Isn't it illegal to sell money at anything but face value? Not that it stops a lot of people, or that the government cracks down on that sort of thing, but I think it is.


People sell antique/collectable coins all the time. This isn't really any different, except the piece is newer, because obviously notes are harder to keep in good condition.

I don't really see what the fuss is about, this guy found a mint note and wants to sell it to someone who would appreciate it rather than spending it and forgetting about it.

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AirRaid said:

rather than spending it and forgetting about it.

Ain't that version obsolete to be spent? Here's Wikipedia.

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Obsolete money does then become a 'collectors item' despite still having a "worth", a Farthing (quarter of an old penny, which is 2.4 times less than a current 1p) in Britian is "worth" bugger all, but could be sold for quite a lot if you had a good one

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Danarchy said:

Isn't it illegal to sell money at anything but face value? Not that it stops a lot of people, or that the government cracks down on that sort of thing, but I think it is.


Why? Wouldnt that make giving money as a gift illegal then? Since its rewarding money for no value at all? It's not like people have tp buy it.

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Well if you follow the letter of the law, it is. But it is rarely enforced. A lot of those old collector's coins were illegal to own, but the government made exceptions for them.

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I have no clue if there is a law or not, but regardless, why would the government care? If I sell some idiot a $10 bill for $200, a private transaction is made, in which I essentially have just been given $190 for free. The amount of money in the global pool is the same and no one else is affected.

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I'm a criminal!

When I was a kid my brother and I collected coins, usually relatively cheap ones and by year (my brother had some more expensive ones), sometimes going to large coin collectors conventions. I think they're still at my parents' place. I did keep a really worn (thus cheap) Roman coin I got once, though.

We had these cardboard albums where you'd insert each coin by year (and variety if more than one existed in a year) between transparent pieces of plastic (to see both sides). I think I preferred to collect pennies and quarters. The former because it was easy and cheap, the latter because I liked the eagle on the back.

The practice is similar to stamp or comic book collecting.

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printz said:

Ain't that version obsolete to be spent?


HEH

Give me all the "obsolete" bills you don't want, Printz.

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I just remember hearing of some cases where the secret service went after people who were selling money. But it's not like the government has ever overstepped its bounds or anything!

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when i was a kid i used to trade pennies to my little brother (who was 3 at the time and didnt know the value of money) for quarters. I told them they were better because they were red.

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some of the pennies i have are green. because copper tarnishes. and since when were pennies red? unless every single penny you have seen in your life had blood/red marker/raspberry stains on it, there is no red penny.

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Here's my two cents worth-

Danarchy said:

Isn't it illegal to sell money at anything but face value? Not that it stops a lot of people, or that the government cracks down on that sort of thing, but I think it is.


AFAIK you can sell money for whatever the buyer is willing to pay - it's face value applies when used as legal tender to settle a debt.

printz said:

Ain't that version obsolete to be spent?


US currency doesn't have a "use by" date stamped on it - yet! ;-) Here'sWikipedia again.

If anyone's interested - the high bid currently sits at $50.

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Bloodshedder said:

Were you both also color blind?


Yes

*sniff* :'(

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