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<p>[QUOTE="ikandiggit, post: 1483844, member: 16269"]To put this into perspective.....</p><p><br /></p><p>I look at approx. 50,000 banknotes per week. I find on the average 1 good collectible note every two to three months. About once a year, I find a very rare/high value note. </p><p><br /></p><p>Some of the banknote collectors that I know, search far more than that. They pick up stacks at the bank each and everyday. Some even have multiple bank accounts so they can withdraw money from various ATM's around the city in the off-chance there are good stacks loaded in them. </p><p><br /></p><p>Some collectors have moles in the banks to call them when they come across interesting finds or stacks with a potential for collectible banknotes. </p><p><br /></p><p>The dealers of notes online or the heavy hitters on ebay buy notes with the intent to sell them. They advertise, pay a decent price and because of the volume they do, they can afford to sell at a small profit. Most of them have "pickers" all over the country that know the dealer will give them a fair price for notes that they find. It's also good advertising for them to have a steady flow of notes for sale. I've made contact with several of these sellers who can find notes for me, usually in a pretty short time frame, just because they have so many leads.</p><p><br /></p><p>Like any other hobby, it takes knowledge, time and dedication with a little bit of luck to be successful. Looking at notes you receive in change is a start but to increase your odds you have to increase the volume of notes you look at.</p><p><br /></p><p>If you start by searching stacks, you have to have seed money to do it. A minimum of $5,000 will get you started if you want to get serious about it. But, this also means you have to convert that money into stacks several times a day or several times a week.</p><p><br /></p><p>Nothing is easy. If finding rare and collectible banknotes was easy, then they wouldn't be rare and collectible.[/QUOTE]</p><p><br /></p>
[QUOTE="ikandiggit, post: 1483844, member: 16269"]To put this into perspective..... I look at approx. 50,000 banknotes per week. I find on the average 1 good collectible note every two to three months. About once a year, I find a very rare/high value note. Some of the banknote collectors that I know, search far more than that. They pick up stacks at the bank each and everyday. Some even have multiple bank accounts so they can withdraw money from various ATM's around the city in the off-chance there are good stacks loaded in them. Some collectors have moles in the banks to call them when they come across interesting finds or stacks with a potential for collectible banknotes. The dealers of notes online or the heavy hitters on ebay buy notes with the intent to sell them. They advertise, pay a decent price and because of the volume they do, they can afford to sell at a small profit. Most of them have "pickers" all over the country that know the dealer will give them a fair price for notes that they find. It's also good advertising for them to have a steady flow of notes for sale. I've made contact with several of these sellers who can find notes for me, usually in a pretty short time frame, just because they have so many leads. Like any other hobby, it takes knowledge, time and dedication with a little bit of luck to be successful. Looking at notes you receive in change is a start but to increase your odds you have to increase the volume of notes you look at. If you start by searching stacks, you have to have seed money to do it. A minimum of $5,000 will get you started if you want to get serious about it. But, this also means you have to convert that money into stacks several times a day or several times a week. Nothing is easy. If finding rare and collectible banknotes was easy, then they wouldn't be rare and collectible.[/QUOTE]
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