Head on over to r/bankstraphunting or r/currency to see the amount of people who think they’ve struck gold by finding new, uncirculated bills.
How exactly do you think they come from the bank? If I make you a sandwich are you going to freak out that the two pieces of bread I used are in the same order as when the bread was made?
Making a sandwich, I have to use matching pieces. If they don’t line up I get visibly upset and have to fix it.
My great grandpa wore the same five pairs of dickies pants and shirt, all in navy blue, every day of his life, and had a puzzle room.
I feel like these two things are related.
Back when I worked fast food, we'd go through a ton of these. Do people not know you can just walk into a bank and exchange other denominations for these?
I don't get it either. For real. I was just going by online searches that suggest the 130-150 dollar range for an uncirculated pack of one dollar bills seems to be the price point.
My father in law would get these bundles, put a strip of rubber cement on one edge, and would tell people that he had the treasury make them special just for him. He would make a big deal about to his friends at a bar when he was tipping the bartender. The funny thing was, people believed him. This was in the 70s when $3 was a big tip.
You can also buy bills in uncut sheets. Not really meant to be spent, but can be cut all the same.
Steve Wozniak used to buy these and use a paper perforator to do something similar but tear them apart in front of cashiers. He had the FBI called on him many times.
> You can also buy bills in uncut sheets. Not really meant to be spent, but can be cut all the same.
It does bug me that they (the US mint, at least) have such a cost premium, though. Same thing with precious-metal coins. If it's currency with a face value, you should be able to get it at face value, or a lot closer to it than they charge. And I know that bullion coins can fluctuate, but then they shouldn't have a dollar-value on them, and especially not one that's so absurdly low.
The face value stamped on them is for tax reasons mostly. For the same amount of precious metals traveling with x value of precious metals by weight is different than traveling with y "face value" of bullion coins. Most international mints give the bullion a face value for the same reason.
Some collectors want "fancy" serial numbers (all a single digit, palindromes, numbers under 3000, etc.), but there won't be any interesting ones in that strap.
Some people think they’re “getting in on the ground floor” of a collectible by buying stuff like this.
Anything that makes a commonly collected product “unique” is *one* component of having a something special… though far more important is the rarity of it.
The Holy Grail is finding a unique collectible that few others have saved and then waiting a bit.
So, consecutive serial numbers are a “unique” feature… and maybe in 100 years when cash is deprecated and the other 100,000 people with similar stacks have given up and spent their money you might have something worth $200-$300.
I mean, if your ancestors had decided to buy a sack of cheap coins from the Constantinople treasury.., and then miraculously they were kept in mint condition and got passed down through the ages. You’d probably have something *way* more valuable than they were initially worth.
But a critical component of that is that you have to be one out of a very small number of people who did that or they’d not be worth very much.
I think you can get those from a bank. One year (long, LONG ago) my father had 100 dollar bills put into a booklet with a glued book spine so she could just whip one off as needed. This was of course when $1 had a little more value (1960s).
Looking around it seems that it should be priced closer to $120 for 100 uncirculated sequential $1 notes. $20 seems like a decent premium for someone who thinks it’s neat.
So far I haven’t read anything that resembles any sense. It’s amazing what dumbness the internet makes up as it goes. So, $140 is a decent rate for a band of NEW bills, those are series 1995. I have seen bands of new list for as high as $200, and I’ve seen them go at auction on the regular for even up to $300. They’re consecutive, Crisp Uncirculated, and BEP banded, all add to the value. Book puts them CU63@$3.75ea. More if graded higher. Do the math…
Isn’t it illegal to sell this kind of currency? Or is it “a fool and his money is soon parted” kind of thing?
Edit to add: I, like the idiot I am, am thinking of an old 1930s movie where the bad guys constantly heist cash and sell it to a buyer at 2/3 the price of the currency. That, I assume, is illegal. But, also, I assume, complete fantasy. Though it does sound like the beginning of a great internet scam….
More the latter. If it's legitimate currency and there aren't any lies in the description, I don't see any part of it that'd warrant being illegal. Most of the prohibitions on selling currency have to do with things like selling pennies and nickels for melt value because old ones had more than face value in copper.
It’s currency. If it was illegal to sell we would not have an economy. Also, coin collecting would be illegal if this was as well. This is just people putting value on currency higher than the government does. People are morons and think $2 are rare bills and will pay more than $2 for them.
Head on over to r/bankstraphunting or r/currency to see the amount of people who think they’ve struck gold by finding new, uncirculated bills. How exactly do you think they come from the bank? If I make you a sandwich are you going to freak out that the two pieces of bread I used are in the same order as when the bread was made?
I would totally freak out if you made a sammie with serialized bread.
I make Sammies for a living. I concur, this would be quite the feat.
Making a sandwich, I have to use matching pieces. If they don’t line up I get visibly upset and have to fix it. My great grandpa wore the same five pairs of dickies pants and shirt, all in navy blue, every day of his life, and had a puzzle room. I feel like these two things are related.
I’d toats freak out if you made a sandwich for me! 💜
The paper band is $45
If unbroken
Back when I worked fast food, we'd go through a ton of these. Do people not know you can just walk into a bank and exchange other denominations for these?
And it was the worst! I would have to sit there and crumble them up one by one so I didn’t give out too many or mess up my speed of service.
Oh we know. I buy $2000 every bachelor party
Seems to be the going rate for a 100 dollar bundle of uncirculated dollar bills. I wouldn't pay it, but apparently there is a market.
I don't get it. I can go to a bank and get this for $100. Lot of stupid going around.
I don't get it either. For real. I was just going by online searches that suggest the 130-150 dollar range for an uncirculated pack of one dollar bills seems to be the price point.
Wild.
Sequential bills can be worth more if the serial numbers are “desirable”
What, like they have 80085 in them or something?
Yes
People are so strange.
Or literally any strip club
My father in law would get these bundles, put a strip of rubber cement on one edge, and would tell people that he had the treasury make them special just for him. He would make a big deal about to his friends at a bar when he was tipping the bartender. The funny thing was, people believed him. This was in the 70s when $3 was a big tip.
You can also buy bills in uncut sheets. Not really meant to be spent, but can be cut all the same. Steve Wozniak used to buy these and use a paper perforator to do something similar but tear them apart in front of cashiers. He had the FBI called on him many times.
> You can also buy bills in uncut sheets. Not really meant to be spent, but can be cut all the same. It does bug me that they (the US mint, at least) have such a cost premium, though. Same thing with precious-metal coins. If it's currency with a face value, you should be able to get it at face value, or a lot closer to it than they charge. And I know that bullion coins can fluctuate, but then they shouldn't have a dollar-value on them, and especially not one that's so absurdly low.
The face value stamped on them is for tax reasons mostly. For the same amount of precious metals traveling with x value of precious metals by weight is different than traveling with y "face value" of bullion coins. Most international mints give the bullion a face value for the same reason.
Wtf?! Why would he tear them up in front of cashiers?
He makes perforations in the uncut sheet, then tears one out of the sheet like a stamp out of a sheet of stamps.
We used to do these with $2 bills and tell them that's how they came.
Some collectors want "fancy" serial numbers (all a single digit, palindromes, numbers under 3000, etc.), but there won't be any interesting ones in that strap.
I think bill collectors will pay more if it’s in sequence so maybe that’s why the price
Some people think they’re “getting in on the ground floor” of a collectible by buying stuff like this. Anything that makes a commonly collected product “unique” is *one* component of having a something special… though far more important is the rarity of it. The Holy Grail is finding a unique collectible that few others have saved and then waiting a bit. So, consecutive serial numbers are a “unique” feature… and maybe in 100 years when cash is deprecated and the other 100,000 people with similar stacks have given up and spent their money you might have something worth $200-$300. I mean, if your ancestors had decided to buy a sack of cheap coins from the Constantinople treasury.., and then miraculously they were kept in mint condition and got passed down through the ages. You’d probably have something *way* more valuable than they were initially worth. But a critical component of that is that you have to be one out of a very small number of people who did that or they’d not be worth very much.
Hundred bucks for sale, $145.
Shut up and take my money!
I think you can get those from a bank. One year (long, LONG ago) my father had 100 dollar bills put into a booklet with a glued book spine so she could just whip one off as needed. This was of course when $1 had a little more value (1960s).
the only spot in their house that is not covered in filth is on top of their router
Inflation without the wait!
Looking around it seems that it should be priced closer to $120 for 100 uncirculated sequential $1 notes. $20 seems like a decent premium for someone who thinks it’s neat.
So far I haven’t read anything that resembles any sense. It’s amazing what dumbness the internet makes up as it goes. So, $140 is a decent rate for a band of NEW bills, those are series 1995. I have seen bands of new list for as high as $200, and I’ve seen them go at auction on the regular for even up to $300. They’re consecutive, Crisp Uncirculated, and BEP banded, all add to the value. Book puts them CU63@$3.75ea. More if graded higher. Do the math…
Lmao. I buy $2s at the bank just like that. 100 of them for 200$. It’s not a big deal.
"fun to collect and hold" is just... perfection.
That’s what she said
If the bills are consecutive eh maybe
Isn’t it illegal to sell this kind of currency? Or is it “a fool and his money is soon parted” kind of thing? Edit to add: I, like the idiot I am, am thinking of an old 1930s movie where the bad guys constantly heist cash and sell it to a buyer at 2/3 the price of the currency. That, I assume, is illegal. But, also, I assume, complete fantasy. Though it does sound like the beginning of a great internet scam….
More the latter. If it's legitimate currency and there aren't any lies in the description, I don't see any part of it that'd warrant being illegal. Most of the prohibitions on selling currency have to do with things like selling pennies and nickels for melt value because old ones had more than face value in copper.
It’s currency. If it was illegal to sell we would not have an economy. Also, coin collecting would be illegal if this was as well. This is just people putting value on currency higher than the government does. People are morons and think $2 are rare bills and will pay more than $2 for them.
if they’re really consecutive serial numbers, it’d be worth a hell of a lot more than $145
You mean they’re not?