Cuban Banknotes (Pre- and Post-Revolution)

Discussion in 'Paper Money' started by Urban_Lawyer, Aug 26, 2014.

  1. Urban_Lawyer

    Urban_Lawyer Half dollar nerd

    Does anyone know if it is illegal to own, possess, or buy / sell Cuban banknotes of either the peso or convertible peso varieties? I have a 2004 Che 3-peso commemorative note and would love to start collecting Cubans. Problem is there are NO examples on Ebay to buy.

    I have reviewed the relevant Treasury regulations and it seems the prohibition is on spending money in Cuba, not possessing banknotes. It was a cursory review and I may be wrong.

    Anyone know?

    (And if anyone has notes, post them here! I love the engraving work, especially on pre-Revolution banknotes).
     
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  3. lettow

    lettow Senior Member

    I cannot tell you whether it is legal in the US to buy and sell Cuban paper money, even pre-revolutionary paper money, but I can tell you that Ebay does not permit it.

    Rightly or wrongly, that is their rule.
     
  4. spirityoda

    spirityoda Coin Junky

    people sell Cuba coins on Ebay still. they just list them differently. like "peso", "centavos". they will NOT use the name Cuba.
     
  5. midas1

    midas1 Exalted Member

  6. Urban_Lawyer

    Urban_Lawyer Half dollar nerd

    Excellent link!
     
  7. gsalexan

    gsalexan Intaglio aficionado

    The real problem with eBay's blanket bans like this one, is that there's no mechanism for reinstating these collectibles once the legal issues are lifted. Food coupons (food stamps) are completely legal as collectibles now, but they remain forbidden on eBay. Let's see what happens when Cuba finally becomes an open nation.
     
  8. scottishmoney

    scottishmoney Buh bye

    I remember buying up Cuban notes from a dealer in Norway of all places. I actively collect the pre-independence notes from the Spanish colonial era myself.
     
  9. spirityoda

    spirityoda Coin Junky

  10. Teddydogno1

    Teddydogno1 Well-Known Member

    Neat! I really like the designs on some of those coins.

    Rob
     
  11. midas1

    midas1 Exalted Member

    10 peso 1960 banco nacional de cuba.jpg 10 peso 1960 banco nacional de cuba.reverse.jpg 20 pesos series 1961 banconacional de cuba reverse.jpg 20 pesos series 1961 banconacional de cuba.jpg

    I've got more Cuban revolutionary notes around here, I'll post 'em when I find them.
     
    Paddy54 and Effigy303 like this.
  12. midas1

    midas1 Exalted Member

  13. scottishmoney

    scottishmoney Buh bye

  14. chrisild

    chrisild Coin Collector

    From what I have read, they make a lot of those odd decisions. Here in Europe, eBay and PayPal even tried to enforce their rules regarding Cuban coins, cigars, rum, etc.: Buyers in the EU - who the US boycott and embargo laws do not affect anyway - could not buy them from vendors in the European Union if eBay (as a platform) or PayPal (for payments) was involved. Oh well. :rolleyes:

    Christian
     
  15. scottishmoney

    scottishmoney Buh bye

    It is where eBay, as a tool of the US government, is slowly surely killing itself.
     
    NOS likes this.
  16. chrisild

    chrisild Coin Collector

    Part of this will be US gov't requirements, but in other regards it is eBay itself. Think of nazi coins with a censored swastika - such coins are OK to sell and buy both here and in the US, and yet eBay used to force vendors to retouch the images. (Not sure whether they still have that rule.) So for me it is hard to tell what is US law, and what is merely an eBay/PayPal condition. From what gsalexan wrote, food coupons are fine as far as US law is concerned but not OK for eBay ...

    Christian
     
    NOS likes this.
  17. scottishmoney

    scottishmoney Buh bye

    I haven't seen a censored swastika coin on eBay in quite a while, even on the French and German sites.
     
  18. Urban_Lawyer

    Urban_Lawyer Half dollar nerd

  19. chrisild

    chrisild Coin Collector

    Ah, so eBay has modified its own rules then. Good. :) In other regards, they still seem to have strange policies. Don't know what the current legal situation in the US is when it comes to Cuban items, but apparently eBay/PayPal does not actually care ... https://www.cointalk.com/threads/ill-bet-you-didnt-know-this.251870/

    Christian
     
    Last edited: Sep 10, 2014
  20. scottishmoney

    scottishmoney Buh bye

    The effect of the rules re: Cuba, North Korea etc are that they just drove sellers to circumvent the rules by leaving out those key words and instead coming up with "the little island nation 90 miles south of Florida" Where there is a will, there is a way.
     
  21. Freeshipping2015

    Freeshipping2015 New Member

    Dear friend:

    I am Cuba member of this website. I can help you with any banknotes or coin if you need them.

    About your comments, I can add that Ebay and Paypal have several rules against buyer/seller who trade with Cuba items. Ebay don´t let Cuban people to be register and use their website. We are collector, not politics people. We don´t must to be affected without reason.

    USA had a crude war with Vietnam in 60´s. However, ebay let´s users sell and buy Vietnam items. They don´t have any rules against them. I don´t understand it.

    Ebay has several rules against people who trade with items from Cuba, Iran, Iraq, North Korea, Lybia, Sudan, etc.

    You must know Cuba and US goverment had restablish their diplomatics relationship. Maybe we are near to a new world for two countries history.

    Regards.

    Freeshipping2015.
     
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