View Single Post
  #9  
Old April 4th 08, 10:18 PM posted to rec.collecting.paper-money
Owen W. Linzmayer
external usenet poster
 
Posts: 384
Default Zimbabwe to Release New Set of Higher Denomination BearerChecks

Cheap notes usually carry a much higher percentage mark up than high-value
notes. I don't think anyone is going to get rich selling Zim dollars to
collectors.


On 4/4/08 11:53 AM, in article , "Tommy
Hillbilly" wrote:


"Owen W. Linzmayer" wrote in message
...
Yes, but you don't pay face value for UNC notes. The current 10-million
dollar note sells on eBay for $10 to $20. Let 165,000% inflation run its
course and these notes will be available by the bricks for almost nothing
before too long.


True, but who would pay 5x face for new uncirculated notes too? That is way
too much of a markup. The way Mugabe is plowing the economy in Zimbabwe,
50M notes are going to be chump change.



Ads