my local coin dealer is selling a 1959 500 pesos from cuba for $100 i was wondering if it is a good price the bill is in a guess are of Vf SHOULD I BUY IT ??
If money is not a problem, just buy it, as long as you like it. But if money is tight and you're thinking of buying it as an investment, just make sure you know the market for these kinda notes. On a personal note, I think I'll pass Cuban notes
I'll glady take any of your foreign currency off your hands: http://currency.ha.com/common/search_results.php?Ne=156&N=56+790+231+1190+160 http://currency.ha.com/common/search_results.php?Ne=156&N=56+790+231+1190+159 http://www.jepbanknotes.com/advance...subcat=1&search_in_description=1&keyword=rare
If you collect this, I would say Yes. I think it's one that if you pass it up, you may be kicking yourself later. And one that if you get and don't want in the future, will still retain value.
i dont like spending this kind of money on my collection that often i just have to make sure it is going to at least retain its value if the condition was in Fair would that make the bill not worth $100
Over the last several years, I hear continual complaints about the US market being "flat" or "down", with folks asking if the latest auction showed any growing strength, etc. Meanwhile, foreign auctions, especially Africa and Asia are red hot, with estimates and catalog values being totally destroyed for quality material. You would be right if you're comparing certain classes of material, or certain countries, but a general "US appreciates better than foreign" doesn't add up in my book. Dave
He may be using the Availability Heuristic to answer this. Also can be termed the availability shortcut. From http://www.psychologytoday.com/blog/creatures-habit/200909/mental-habits-taking-the-shortcut-part-3 "When people use the availability shortcut, they pay attention to how easy it is to think of examples. In other words, they pay attention to how available the examples are. " So if he has numerous examples that come to mind of domestic currency appreciating and few or a lot less of foreign currency appreciating that he can call up readily, then the availabilty shortcut may come into play, and he may make a determination that it is a fact when it may or may not be a fact.
That's cute, but it may not be. Most people think they are competent on things, whether they actually be or not. I just got through reading an article about how people who are depressed or anorexic actually have a better concept of themselves (reality) rather than normal people who put a glow on how they are. In other words people who are normal are actually deceiving themselves about their own self or abilities. Obviously I don't put this as elequently as the original author, but it also goes to our compentency. In other words, it just may be human nature in play and not that he doesn't know diddly from not diddly. Have you ever made an assumption you thought was correct (which really may not be) based on the information you have? If you think the information you have on it to be authoritative, you may think you're an expert when you're not. And, no, this is not a personal attack to you. When I say you and your (in the above) I could just as well be talking of me and anyone else in this world. In fact, I have found that I sometimes am aware I operate on principles of human nature, too.
Of course I've made educated guesses about things of which I have limited knowledge. I also do a lot of research or ask questions if I want to verify something. I've learned this because my girlfriend has a photographic memory and if I'm going to argue a point with her, I'd better have my facts right because sure as heck she does! Making sweeping statements and standing by them without backing them with facts or data doesn't give one much credibility.... but then everyone knows that.
Of course, but the best of those artists usually get away with it! (and I have nothing in which to back up that statement)
