| Author |
 Replies: 56 / Views: 6,526 |
|
|
|
|
Pillar of the Community
United States
2850 Posts |
I agree with Westernsky and Coinfrog. Too much money to tie up without much return.
I'd take a portion of those and buy some nice uncirculated large size bills. That's where money can be made.
|
|
Pillar of the Community
 United States
1963 Posts |
Quote:
I'd take a portion of those and buy some nice uncirculated large size bills. That's where money can be made. Well, I'm sure my dad wouldn't be happy if I spent his money. |
|
Pillar of the Community
United States
7636 Posts |
Think about this, too.....
If any fresh packs of notes bearing potential good serial numbers come through the bank cash room (or through an armored car company) you can bet your bottom dollar that solid serial numbers and extremely low serial numbers WILL BE PULLED! It is not rocket science for a cash handler to look at the top note in the pack, or brick, and know exactly what numbers might still be in the pack.
It is rare, almost unheard of, for a solid serial number or extremely low serial number to make it through the cash handling systems and find it's way to the end users like us standing at the teller window at the bank.
Same thing with these star notes. They may have a high book value but if there was a potential for a quick profit of a couple of hundred dollars they would have never made it to the teller at your bank.
Give the money back to your Dad and say "thanks, but this didn't work out" and treat it as a learning experience.
Good luck!
|
|
Pillar of the Community
United States
4233 Posts |
Interesting thread. One thing makes me curious - don't you have to fill out a special form in order to receive or deposit $10k or more in cash? And they let you do that as a teenager? You can get a money market account or CD that pays 1-2%. So you probably have to sell 2-4 of these notes a month to beat plain interest. Fun learning experience for you though - at least you're guaranteed not to take a loss on it ( ebay fraud notwithstanding). |
|
Valued Member
United States
68 Posts |
I was given advice "to get famous people to autograph $100 bills, instead of $1's." That way, if you keep them, they're worth at the very least $100, and you'll have some cash set aside in savings for a rainy day. Hopefully, they will increase in value, but authentication can be pricey.
|
|
Valued Member
United States
372 Posts |
Coin197,
Please take all the Good Advice from-XavierofGreen -Davec13 -and Kbbpll
and take them back to Currency Back to the Bank.
I assume you Study a lot on this Forum and have seen some of my Currency Finds from the Bank..Yes I had to Fill out some Forms
Prior Post 10-30-2016* * 11-29-2016 * *12-1-2016 * *
GOLDNUGGET
|
|
Pillar of the Community
United States
1963 Posts |
Quote:
Interesting thread. One thing makes me curious - don't you have to fill out a special form in order to receive or deposit $10k or more in cash? And they let you do that as a teenager? No, I let my parent do that. I think I will deposit most of them. I'll keep a few as my regular pocket money. |
|
Pillar of the Community
United States
5212 Posts |
Quote:
One thing makes me curious - don't you have to fill out a special form in order to receive or deposit $10k or more in cash? I got tagged one time dumping over $5K in halves at one time on a bad week in an emergency situation otherwise I would have spread it out. Last time I did that. |
|
Pillar of the Community
United States
2589 Posts |
There is no form for withdrawing large amounts of cash, only for depositing $10,000 or more. If the bank believes you are structuring your cash deposits to avoid the $10,000 they are supposed to make you fill out the forms as well (and report your structuring activity).
|
|
Pillar of the Community
United States
1963 Posts |
My parent had to fill a form out actually. It only took like one minute though.
|
|
Bedrock of the Community
United States
94367 Posts |
Xavier is correct, even though a withdrawal of $10K in cash will always prompt some questioning, like in the ransom movies. Probably a good thing.
|
|
Pillar of the Community
United States
1963 Posts |
Thank you all for your help! My LCD said that he didn't want them, so back to the bank they go! Something funny did happen: One of the subscribers for my channel (a 9th grader) saw the video on my actual YouTube channel without knowing that the video was supposed to be for CCF. He said, "Wow, you have a lot of money! Cool video of all the hundreds!"  Edited by coin197
01/18/2017 12:51 am
|
|
Pillar of the Community
United States
1963 Posts |
Quote:
Xavier is correct, even though a withdrawal of $10K in cash will always prompt some questioning No questioning here! The bank actually asked if we wanted $10k instead of the $2k in crisp bills that we were actually looking for. |
|
Pillar of the Community
United States
1963 Posts |
Wow! I never imagined so many views and replies!
|
|
Pillar of the Community
United States
3184 Posts |
Can't believe that you as a teenager have access to that amount of cash........my parents wouldn't even give me $100 haha.
If there is not fancy notes or errors, just return them.
|
|
|
Replies: 56 / Views: 6,526 |
|
First Page
Previous Page
Posted 01/16/2017 12:03 am
