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percentcer | 1 year ago

Why do these sell for so much more than the value of the note?

discuss

order

xbmcuser|1 year ago

If I recall correctly this is because someone found an infinite money glitch and used a credit card that had a big cash back. So he would buy the bills then deposit into his bank account and pay of his credit cards. So now they increased the price to more than the face value.

sureIy|1 year ago

But that's just stupidity of the seller. You must account for credit card fees when you sell anything.

Here the issue is that they're several times more expensive than their printed value, hardly the same issue.

_alex_|1 year ago

That was with the dollar coins

buryat|1 year ago

You cannot join multiple bank notes into a single sheet of paper, that's why it's valued more than separate bank notes.

Aloha|1 year ago

I mean thats how're they're printed as large sheets - these are just uncut.

BobAliceInATree|1 year ago

1) They're novelty collector's items.

2) Selling individual sheets has a lot more overhead per sheet/bill than selling fresh stacks of bills to banks.

Aloha|1 year ago

Because its a novelty gift item.

HarHarVeryFunny|1 year ago

Because that's what people are willing to pay for them.

sureIy|1 year ago

Collectors.

Basically the mint found a way to make more money than they print.

golem14|1 year ago

You can sign up to be on the waiting list for a lucky Panda $2 note, with a nice red envelope and a serial number starting with '888'.

I mean, it's a nice gesture, and maybe annoying the heck out of certain Presidents.

The price for this $2 note + red envelope is >$10.

arresin|1 year ago

$10 is taking advantage.