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<p>[QUOTE="funkee, post: 1702495, member: 37925"]I've been comparing the currency and coin collecting hobbies. I think most people would agree with me, that if currency were as popular as coin collecting, values of currency would sky rocket and likely surpass their metal counterparts. After all demand affects paper money prices more than scarcity - just compare educationals, bisons and chiefs to jackass notes as an example. There are far more of these notes than jackass notes, but they command higher prices. </p><p><br /></p><p>So how do I get currency collecting more popular, I thought to myself. I know I was introduced to the hobby by finding a cool serial number star <span style="color: #444444"><font face="arial">2004A $20 with serial #GF </font></span><i>00066600</i><span style="color: #444444"><font face="arial"> * in gem uncirculated condition. I put it up on eBay and got over $100 for it. I looked on eBay some more and found all these other cool notes. A friend of mine got into it by getting a silver certificate one day from a bank. Another person I spoke to got into it when he saw some old small size notes in a restaurant display.</font></span></p><p><span style="color: #444444"><font face="arial"><br /></font></span></p><p><span style="color: #444444"><font face="arial">So I figured I could invest in the future of the hobby and increase the value of my collection by introducing others to it. How do I do that? Buy some average wear silver certificates and red seal twos, and spend them! That's right. Spend them and release them into circulation. It's a very long term strategy, but it could pay off. I'll never know if it works though.</font></span></p><p><span style="color: #444444"><font face="arial"><br /></font></span></p><p><span style="color: #444444"><font face="arial">I know this one gas station owner quite well, and I am sure that if I paid for gas with these, he would give them out as change to future customers. He might even direct them to look online at other notes (large and small), if they seemed interested in the notes.</font></span></p><p><span style="color: #444444"><font face="arial"><br /></font></span></p><p><span style="color: #444444"><font face="arial">I'll have no way to find out if it truly works, but if I buy $100 worth of silver certs at perhaps $50 to $75 over face and spend them, perhaps 15 to 25 people would get interested in currency and what else is out there. Maybe half of those people will actually buy another note on eBay. Maybe the other half would show their friends and family. With a $50 to $75 investment, perhaps I can increase the value of my holdings by 5%-10%. Maybe more?</font></span></p><p><span style="color: #444444"><font face="arial"><br /></font></span></p><p><span style="color: #444444"><font face="arial">The counter-argument to this, is that any future acquisitions will cost me more due to more buyers in the marketplace.</font></span></p><p><span style="color: #444444"><font face="arial"><br /></font></span></p><p><span style="color: #444444"><font face="arial">Am I crazy? Or could this work?</font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1702495, member: 37925"]I've been comparing the currency and coin collecting hobbies. I think most people would agree with me, that if currency were as popular as coin collecting, values of currency would sky rocket and likely surpass their metal counterparts. After all demand affects paper money prices more than scarcity - just compare educationals, bisons and chiefs to jackass notes as an example. There are far more of these notes than jackass notes, but they command higher prices. So how do I get currency collecting more popular, I thought to myself. I know I was introduced to the hobby by finding a cool serial number star [COLOR=#444444][FONT=arial]2004A $20 with serial #GF [/FONT][/COLOR][I]00066600[/I][COLOR=#444444][FONT=arial] * in gem uncirculated condition. I put it up on eBay and got over $100 for it. I looked on eBay some more and found all these other cool notes. A friend of mine got into it by getting a silver certificate one day from a bank. Another person I spoke to got into it when he saw some old small size notes in a restaurant display. So I figured I could invest in the future of the hobby and increase the value of my collection by introducing others to it. How do I do that? Buy some average wear silver certificates and red seal twos, and spend them! That's right. Spend them and release them into circulation. It's a very long term strategy, but it could pay off. I'll never know if it works though. I know this one gas station owner quite well, and I am sure that if I paid for gas with these, he would give them out as change to future customers. He might even direct them to look online at other notes (large and small), if they seemed interested in the notes. I'll have no way to find out if it truly works, but if I buy $100 worth of silver certs at perhaps $50 to $75 over face and spend them, perhaps 15 to 25 people would get interested in currency and what else is out there. Maybe half of those people will actually buy another note on eBay. Maybe the other half would show their friends and family. With a $50 to $75 investment, perhaps I can increase the value of my holdings by 5%-10%. Maybe more? The counter-argument to this, is that any future acquisitions will cost me more due to more buyers in the marketplace. Am I crazy? Or could this work?[/FONT][/COLOR][/QUOTE]
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