i have been collecting notes for a couple years now and i ran into these sellers on eBay http://myworld.ebay.com/skylinecurrency that were selling notes that i needed for my collection...so i started off small with a purchase of a $5 note so if it was a sort of scam i was not to be so dissapointed...that purchase went well and since i have purchased some rare notes from them five times now...currently they just opened a website up http://www.skylinecurrency.yolasite.com/ but am wondering if its a risk to buy from them on there or not? can anyone help thanks
Welcome to Coin Talk! While their prices are very reasonable, I'll suggest that you could save money by picking up your own stacks from the bank and getting a lot of the notes that that site has for sale for face value. Most of their notes look circulated so with a little time invested you could get the same thing and not pay the premium.
I'm interested to know what you find collectible. I visited his website, and viewed his notes for sale on eBay and found mostly ordinary, circulated currency in various condition being sold at 15% and up over face value that they probably found through strap searching. The photos on his website were not good, and the photos viewed on eBay were not much better. They do not accept returns but do however provide free shipping. What exactly are your concerns ?
I collect all types of currency star notes, fancy serial numbers, rare, everything really which beats the savings account interest of .05%. I have tried strap counting but noticed it takes too long to do and I do not have much money to do that all day. I contacted the seller and they said eBay charges 9% sellers fee and 11% for items that are purchased buy it now so thats why the prices are marked up a bit. So far i have completed 10 transactions and they did a bulk order via paypal outside of eBay for me for a way cheaper price. I took a risk at that but it was small bills and it worked out. Thank you for your responses.
I have tried too but takes too long to do and some that i have purchased were pre-1950 which i have not had any luck finding. Thank you for your help.
Speed. Quality. Price. - Pick any two. This maxim was/is used mainly for retail selling but can also apply to collecting. If you want an item for cheap and quickly, you'll sacrifice quality. If you want an item of high quality and cheap, you'll sacrifice speed (in aquiring the item). If you want an item of high quality and quickly, you'll pay dearly for it. You get the idea.
He's posting what I kiss tellers you know what to get for face. I could have a store 5x larger than his, including all of his 3 eBay stores if I posted everything I have/get. I'm sorry to say that I didn't see anything in any of his stores that were actually worth what he had them posted for. I posted some regular circulated 1990 $100's on eBay maybe 2 years or so ago and they sold fast and easy for $120 each (crazy, right?). I thought I made bank, until eBay and PayPal fees kicked in. Then I was hardly making a $10 profit. Oh but wait a minute.... I offered free shipping at the time (I always have to offer free shipping to keep my top seller rated status)... Now minus off another $5 or so... Not worth it.. At least I can tell you where he acquired the business card he has in his eBay photo... That's the precise design of my business cards for one of my businesses with the big head $20. ..
I cant speak much for ebay as far as buying or selling but in your second post you mention getting better then .50% from a bank.whatever you collect whether it be coins or paper money or any interest that you enjoy....dont do it to beat the current interest rate your bank is giving you.If we all knew which bills would bring the best price appreciation we would all have a magic ball to see the future.Collect for the fun and thrill it brings for what you buy or find not to beat inflation.Each and every note we have will never be any more scarce now or in the future to beat any interest rate.
Yes, you never can know what's going to happen with what. Collecting paper money is certainly no way to make sure for sure that you have gains in value over long periods of time... You can only hope. Heck, for all we know we could have a double dip recession and the $ could eventually (hypothetically) plumet into nothing... You just never know. You want to make sure you have something that will never lose it's value, silver or firearms. But this is paper money, that's a whole other subject. I collect what I collect because it's fun, it gives me something to do (otherwise I would probably start smoking or drinking LOL), and if I ever need the money, whether it's for a business venture or an emergency, it's there for me. Any extra added value along the way is just the pepporoni on the pizza.
