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Cheapest Source for Currency of Bhutan (Ngultrum)



 
 
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  #1  
Old December 11th 06, 10:05 PM posted to rec.collecting.paper-money
Will
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Posts: 4
Default Cheapest Source for Currency of Bhutan (Ngultrum)

What is the cheapest source for 1 Ngultrum Bhutanese currency? It trades
about 50 to the 1 USD.

--
Will


Ads
  #2  
Old December 12th 06, 01:00 AM posted to rec.collecting.paper-money
chaox01
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Posts: 47
Default Cheapest Source for Currency of Bhutan (Ngultrum)

Will wrote:
What is the cheapest source for 1 Ngultrum Bhutanese currency? It trades
about 50 to the 1 USD.

--
Will


A legal tender note has 2 sets of values: an exchange value (face
value) and a collector value.

Current exchange rate for Bhutan currency is $1 USD for 50 Ngultrum or
$0.02 USD for 1 Ngultrum regardless of the conditon of the note. The
cheapest source is directly from the bank.

Collector value is generally more than the face value for uncirculated
(UNC) notes and face value for circulated ones. You can buy an UNC 1
Ngultrum note from a dealer for about $0.50.

  #3  
Old December 12th 06, 05:01 AM posted to rec.collecting.paper-money
WheatPenny
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Posts: 98
Default Cheapest Source for Currency of Bhutan (Ngultrum)

On 11 Dec 2006 17:00:11 -0800, "chaox01" climbed
to the top of the minaret and sang out:

Will wrote:
What is the cheapest source for 1 Ngultrum Bhutanese currency? It trades
about 50 to the 1 USD.

--
Will


A legal tender note has 2 sets of values: an exchange value (face
value) and a collector value.

Current exchange rate for Bhutan currency is $1 USD for 50 Ngultrum or
$0.02 USD for 1 Ngultrum regardless of the conditon of the note. The
cheapest source is directly from the bank.

Collector value is generally more than the face value for uncirculated
(UNC) notes and face value for circulated ones. You can buy an UNC 1
Ngultrum note from a dealer for about $0.50.


Just go to ebay, in the world paper money section under Coins & Paper
Money Paper Money: World Asia, Middle East Other and type in "1
Ngultrum" in the search engine and you'll get all the 1 ngultrum notes
currently available for sale.
(the search currently turns up about 40 results, with prices starting
at49 cents.
---


Don't worry about the world coming to an end today. It's already tomorrow in Australia.

(Charles M. Schulz)
  #4  
Old December 12th 06, 06:42 PM posted to rec.collecting.paper-money
Will
external usenet poster
 
Posts: 4
Default Cheapest Source for Currency of Bhutan (Ngultrum)

"WheatPenny" wrote in message
...
Just go to ebay, in the world paper money section under Coins & Paper
Money Paper Money: World Asia, Middle East Other and type in "1
Ngultrum" in the search engine and you'll get all the 1 ngultrum notes
currently available for sale.
(the search currently turns up about 40 results, with prices starting
at49 cents.


Which is about 47 cents of profit for the dealer on a 49 cent sale.....
I need to buy a quantity of ngultrums - circulated notes is fine - at the
exchange rate plus a reasonable markup, not at dealer prices.

--
Will


  #5  
Old December 12th 06, 06:43 PM posted to rec.collecting.paper-money
Will
external usenet poster
 
Posts: 4
Default Cheapest Source for Currency of Bhutan (Ngultrum)

"chaox01" wrote in message
oups.com...
Will wrote:
What is the cheapest source for 1 Ngultrum Bhutanese currency? It

trades
about 50 to the 1 USD.

--
Will


A legal tender note has 2 sets of values: an exchange value (face
value) and a collector value.

Current exchange rate for Bhutan currency is $1 USD for 50 Ngultrum or
$0.02 USD for 1 Ngultrum regardless of the conditon of the note. The
cheapest source is directly from the bank.


Which banks will deal with ngultrums? Bank of America does not.

--
Will


  #6  
Old December 12th 06, 07:32 PM posted to rec.collecting.paper-money
chaox01
external usenet poster
 
Posts: 47
Default Cheapest Source for Currency of Bhutan (Ngultrum)


Which banks will deal with ngultrums? Bank of America does not.

--
Will


Try Chase Manhattan or American Express
http://www.bhutannationalbank.com/co...dent_banks.htm

  #7  
Old December 12th 06, 08:30 PM posted to rec.collecting.paper-money
Andrew
external usenet poster
 
Posts: 10
Default Cheapest Source for Currency of Bhutan (Ngultrum)

Banknotes for 35 cents each plus postage
100 notes for $ 35
14 lots available
http://cgi.ebay.com/Bundle-of-100-pi...QQcmdZViewItem



Regards
Andrew



"Will" wrote in message
...
"chaox01" wrote in message
oups.com...
Will wrote:
What is the cheapest source for 1 Ngultrum Bhutanese currency? It

trades
about 50 to the 1 USD.

--
Will


A legal tender note has 2 sets of values: an exchange value (face
value) and a collector value.

Current exchange rate for Bhutan currency is $1 USD for 50 Ngultrum or
$0.02 USD for 1 Ngultrum regardless of the conditon of the note. The
cheapest source is directly from the bank.


Which banks will deal with ngultrums? Bank of America does not.

--
Will




 




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