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 Replies: 22 / Views: 5,555 |
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Pillar of the Community
 Australia
762 Posts |
I reckon some of the ones I've seen in north Queensland probably would.   |
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Valued Member
Australia
146 Posts |
Would grade it F and not F for Fair
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Bedrock of the Community
Australia
21788 Posts |
I wouldn't grade it!
I think the roach may have a belly ache. There some interesting chemicals in the inks used in note printing. Yum!
IMO, the correct way to store notes is in a mylar sleeve, same way as valuable stamps.
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Pillar of the Community
Australia
518 Posts |
Poor guy, do you think anyone would buy it for $300? I know I certainty wouldn't.
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Pillar of the Community
United States
642 Posts |
That is tragic. I have to agree with the previous poster, why in the world was such a high value item not stored more securely.  |
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Pillar of the Community
Australia
518 Posts |
Because the owner thought it was made of steel :P
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Valued Member
Australia
105 Posts |
Was watching it on ebay till it finished today,not surprisingly it did not sell. Hope the cockroach did not escape. |
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Valued Member
Australia
243 Posts |
A good lesson for everyone - if you have a banknote worth $15,000 invest in a safe or at least a bank box.
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Rest in Peace
United States
9104 Posts |
Quote:
How would you grade this note?
Rubber gloves? AU details? |
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Pillar of the Community
Australia
869 Posts |
To me I would grade the note as Poor. Is it worth $300? I was tempted to bid on it because it was a very early example of a star note...catch 22...I guess the question you would have to ask is; would anyone else buy it from you in the future? A good question is what proportion of the note is missing? I think about 20% of the note has been munch away by a collecting cockroach. So we'll put the note at 80% still exists, which means that it may be worth 80% of its downgraded value. Below is a little blurb from the RBA website: Incomplete Banknotes When damage to a banknote is such that a significant piece of the banknote is missing, it is classified as incomplete. In these cases, the Reserve Bank needs to take into account the possibility that pieces of the banknote may be presented for value separately. If several pieces of the same banknote are presented, the Reserve Bank's policy is for each piece to be worth a share of the value in proportion to its size. The combined value paid should be the face value of the original banknote. The value of incomplete banknotes is determined as follows: If less than 20 per cent of the banknote is missing: Full face value is paid. If between 20 and 80 per cent of the banknote is missing: Value is paid in proportion with the percentage remaining, e.g. half face value if half the banknote is present. If more than 80 per cent of the banknote is missing: No value is paid. Importantly, the presence or absence of specific features such as the serial number(s) is not a factor when determining value. Because full face value is not paid on incomplete banknotes, care should be taken when accepting incomplete banknotes. There is no obligation to accept an incomplete banknote when offered in payment/change. OK so to the value: (McDonalds 2012) Very Good (VG) $1900 Good (G) $1520 About Good (AG) $1140 then Fair (Fr) $760 Poor (PO) $380 Toilet Paper? (TP) $0 The values I've put are divided amounts between the VG & TP grades. So apparently in my chronic tired state the value would be 80% of $380 which would make it [b]$304[b/]! I think he's asking $4 too much...  ...NO DEAL...that's probably why I didn't bid.   |
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Rest in Peace
United States
9104 Posts |
Quote:Fortunately it's not my note. It is for sale on ebay and apparently was eaten by a cockroach. There's some mighty expensive roach poop out there somewhere. |
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Rest in Peace
United States
9104 Posts |
Quote:
A good lesson for everyone - if you have a banknote worth $15,000 invest in a safe or at least a bank box.
Even in mylar, it would take an airtight safe to keep roaches out. |
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Bedrock of the Community
United States
10284 Posts |
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Pillar of the Community
1119 Posts |
makes a can of surface spray look cheap
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Valued Member
Australia
428 Posts |
what I have done with some of mine ,
open up a plastic laminate sheet, insert 2 pieces of a4 paper with a 1 inch taken of all sides ,then places the notes in between the paper sheets and laminate it like that ,the notes in between the paper sheets dont get damaged in any way ,, stay flat easy to pack away and with the 1 inch cut of the a 4 paper it gets a good seal all around and gets all the air out of between , try a couple of old notes first , and see what you think , but I know it worked for me ok ... ,,kel ,,
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Posted 11/16/2011 01:18 am
