$2 for $500 on the bay

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

$2 for $500 on the bay

Postby cuag » Fri Jun 22, 2012 10:57 pm

Not exactly "metals", but I am posting here because it falls under the power that a "unsearched" coin roll can have on an eBayer's ability to open a wallet. I've been keeping an eye on these 70s paperwight of stacks of cash that will either "look" like a stack of 100 $1s or 5 stacks of 100 $1s, example: http://www.ebay.com/itm/500-One-1-Dolla ... 231ec9e235

For some reason, they consistantly go for the value of what the stack would be, $100+ or $500+. Nobody in their right mind would lucite a $100 or $500 stack of cash today, let alone 30 some years ago. I understand that maybe it has a "cool factor" worth perhaps $100, but would a larger one mean 5 times the cool? There isn't 5 times the cash in there. These used to be somewhat uncommon, word must be getting out because there is at least 1 auction going on for these at all times.

Am I missing something? Thoughts? Is anybody here bidding $500+ for 2 $1 FRNs on the ends of 498 pieces of paper in plastic? It would be cool to have one, but not $500 cool.
cuag
 
Posts: 42
Joined: Sun Jul 10, 2011 5:00 pm

Re: $2 for $500 on the bay

Postby Thogey » Fri Jun 22, 2012 11:04 pm

So if you bust it open and it's newspaper all the seller has to deal with is negative feedback?

It looks real but.. of course, why would anyone do that to five stacks of $1 bills. It is clearly a novelty item.

The seller is totally honest about the contents.

I can't believe the bid is so high.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
User avatar
Thogey
Too Busy Posting to Hoard Anything Else
 
Posts: 8505
Joined: Sun Dec 06, 2009 3:00 pm

Re: $2 for $500 on the bay

Postby RD5 » Fri Jun 22, 2012 11:49 pm

post a video if you win it :D
Coin Master Flex
User avatar
RD5
Penny Collector Member
 
Posts: 430
Joined: Tue May 08, 2012 7:55 pm
Location: Indiana

Re: $2 for $500 on the bay

Postby rexmerdinus » Sat Jun 23, 2012 9:21 am

If I got it for as little as $50 for a "$500.00" roll, I'd probably bust it open just to see.
My beer and homebrewing blog: http://alemongery.blogspot.com
My wine and winemaking blog: http://connoisseurscorner.blogspot.com
rexmerdinus
Penny Collector Member
 
Posts: 486
Joined: Tue Apr 20, 2010 3:00 pm

Re: $2 for $500 on the bay

Postby barrytrot » Sat Jun 23, 2012 10:22 am

Based on my experience playing around with my lamination machine, once it is laminated it is impossible to undo it.

I don't know about lucite, but my guess is that the contents are NOT stable. You would likely destroy a lot of it in the process of opening it anyway.
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: $2 for $500 on the bay

Postby blackrabbit » Sat Jun 23, 2012 12:24 pm

I would bet 500 dollars that it is only the 2 dollars. People like believing fairy tales especially when they are telling them to themselves. Hence people getting suckered by buying stuff like this or "unsearched" rolls of coins.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
User avatar
blackrabbit
Post Hoarder
 
Posts: 2360
Joined: Tue Aug 17, 2010 3:00 pm
Location: Colorado

Re: $2 for $500 on the bay

Postby SilverEye » Mon Jun 25, 2012 6:07 pm

I wonder if you could just deposit that at your bank as "damaged currency" and have them turn it in to the Fed for proper destruction and re-issue.
SilverEye
Penny Collector Member
 
Posts: 318
Joined: Mon Jan 30, 2012 1:03 am

Re: $2 for $500 on the bay

Postby Thogey » Mon Jun 25, 2012 6:39 pm

The bidding is up to $410

If you use the zoom/pan tool thing and run it across the top of the image you can clearly see the edge of the real dollar back up by another type of paper.

$410 WTF?
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
User avatar
Thogey
Too Busy Posting to Hoard Anything Else
 
Posts: 8505
Joined: Sun Dec 06, 2009 3:00 pm

Re: $2 for $500 on the bay

Postby Oakair » Mon Jun 25, 2012 6:42 pm

Brilliance on sellers part
User avatar
Oakair
Penny Hoarding Member
 
Posts: 939
Joined: Wed Jul 06, 2011 1:21 pm
Location: DENVER

Re: $2 for $500 on the bay

Postby stlouiscoin » Mon Jun 25, 2012 7:56 pm

come to think of it... when you look at the side it looks like the side of a phone book.
stlouiscoin
Penny Hoarding Member
 
Posts: 576
Joined: Thu Oct 13, 2011 7:15 am
Location: st. louis

Re: $2 for $500 on the bay

Postby cuag » Mon Jun 25, 2012 7:58 pm

I am sure it will go for over $500 or really close to it, they usually do:

http://www.ebay.com/itm/150840965683?ss ... 1438.l2649

The $100 blocks will also go for more than $100. I've had great success in removing coins from lucite with liquid nitrogen, but I am guessing the lucite would get into the paper and you couldn't even separate the real $1 bills from the paper or whatever that is behind it. I am just itching to find one of these cheap at an estate sale or flea market or whatever, they would go on the 'bay in a heartbeat. $500+ for a $10 novelty item.
cuag
 
Posts: 42
Joined: Sun Jul 10, 2011 5:00 pm

Re: $2 for $500 on the bay

Postby Oakair » Mon Jun 25, 2012 9:21 pm

How do you encapsulate something in lucite, and what is the cost of the process?

RealCent may have a group investment opportunity ahead of it...
User avatar
Oakair
Penny Hoarding Member
 
Posts: 939
Joined: Wed Jul 06, 2011 1:21 pm
Location: DENVER

Re: $2 for $500 on the bay

Postby Treetop » Mon Jun 25, 2012 10:01 pm

Sad part is, at this point this doesnt even shock me.
Treetop
Super Post Hoarder
 
Posts: 3859
Joined: Wed Oct 13, 2010 2:50 am

Re: $2 for $500 on the bay

Postby Oakair » Mon Jun 25, 2012 10:24 pm

Treetop wrote:Sad part is, at this point this doesnt even shock me.


So capitalize...


join me...

Ive played with resins before, and it cant be too hard too vacuum the air bubbles out...

2 to 500 minus expenses doesn't seem too bad at all!
User avatar
Oakair
Penny Hoarding Member
 
Posts: 939
Joined: Wed Jul 06, 2011 1:21 pm
Location: DENVER

Re: $2 for $500 on the bay

Postby Treetop » Tue Jun 26, 2012 12:47 pm

I wouldnt do that. Im sure someone would help you though.
Treetop
Super Post Hoarder
 
Posts: 3859
Joined: Wed Oct 13, 2010 2:50 am

Re: $2 for $500 on the bay

Postby SoFa » Tue Jun 26, 2012 1:05 pm

Oakair wrote:
Treetop wrote:Sad part is, at this point this doesnt even shock me.


So capitalize...


join me...

Ive played with resins before, and it cant be too hard too vacuum the air bubbles out...

2 to 500 minus expenses doesn't seem too bad at all!


I don't think you'll get $500 if you're honest about only putting two $1 bills into it.
SoFa
Penny Collector Member
 
Posts: 373
Joined: Thu Jul 07, 2011 12:06 pm

Re: $2 for $500 on the bay

Postby cuag » Tue Jun 26, 2012 9:34 pm

Here's another one for those that are interested, a little different with stack label separation.


http://www.ebay.com/itm/500-One-1-Dolla ... 1e6f88ae7a
cuag
 
Posts: 42
Joined: Sun Jul 10, 2011 5:00 pm

Re: $2 for $500 on the bay

Postby JerrySpringer » Sun Jul 01, 2012 12:21 pm

It sold for $495 ! ....? ......WTF?........!!!!
JerrySpringer
Penny Hoarding Member
 
Posts: 810
Joined: Fri Apr 08, 2011 5:07 pm

Re: $2 for $500 on the bay

Postby ed_vantage17 » Mon Jul 02, 2012 6:22 pm

Plus the kicker is the top note's serial number ends in 50. Every strap that comes from the BEP (which the blue wrappers indicate that these do) starts with a note ending in 01 and is sequential after that.
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
User avatar
ed_vantage17
Penny Hoarding Member
 
Posts: 524
Joined: Tue Mar 01, 2011 10:24 pm
Location: SE Wisconsin


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 1 guest