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 Replies: 17 / Views: 7,201 |
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Pillar of the Community
Australia
1040 Posts |
I wonder who put all the bits back together to count out the 50,000 Euro?
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Pillar of the Community
Canada
1082 Posts |
Hey, ratman, I had one of those pens too. It was clear, kind of triangular in shape and had a black end on it. It had lettering on the sides that said something along the lines of "$20,000 in deminted US Currency".
Same as yours?
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Pillar of the Community
United States
2521 Posts |
sounds like it! not really sure how much deminted currency it was...but yes it was triangular and had a black end!
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Pillar of the Community
 United States
3499 Posts |
ratman4762 & WpgLwr- Yeah, I think that I have seen pens like that before too. But other than having shredded cash for similar novelty items, what real purpose could the shred serve?
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Pillar of the Community
United States
2521 Posts |
Kitty Litter!  |
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Pillar of the Community
United States
3499 Posts |
ratman4762- hmm, good point! hehe
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Valued Member
United States
104 Posts |
I search rolls of essentially identical coins. I can sit for hours with my wife assembling a jigsaw puzzle. Perhaps this is the next logical step. Sounds like a fun way to make $72k. Do you think my bank would exchange Euros encased in a film of packing tape?
On second thought, there's a good chance I'll go mad before it's done. I'll pass.
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Moderator
 Australia
16859 Posts |
Quote:
1. Why would you pay that kind of money for shredded notes? Novelty value, for the most part. The seller claims to ship it "direct from Germany", so it's probably more or less the same price the Bundesbank sells the bundles for. Quote:
2. Why would you want shredded notes? See above. You couldn't "reassemble" any of the notes; the confetti would be tumbled after shredding, so it's unlikely a particular 1 kilo bag would have all the pieces needed to reassemble any one note. Quote:
3. Is it even legal to own shredded notes that were intentionally destroyed by Bundesbank? Sure. The German Bundesbank has taken the lead in innovative ways to dispose of it's "scrap" material; their obsolete and foreign coins are bagged up and sold, and the same happens to their shredded notes, by the bag and even by the sackful, as seen in this recent Deutsche Welle article. The American BEP does the same; their 5 pound bags cost $45. The Bundesbank bungle there on ebay weighs about double the BEP one, so that seems to be much the standard price per pound for shredded money. Environmental regulations in Germany prevents the Bundesbank from burning shredded notes. They've got to do something with the stuff; anything they don't sell has to go to landfill. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
3499 Posts |
Sap- I had wondered if their environmental regulations were preventing the burning of the shredded notes. Thanks for the input.
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Pillar of the Community
Australia
585 Posts |
The shredded notes mixed with potato peels makes a very good garden mulch.  |
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Pillar of the Community
Australia
1040 Posts |
Ah! So that is how you get a money tree to grow!  |
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Pillar of the Community
Australia
585 Posts |
 exactly  |
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Pillar of the Community
United States
625 Posts |
Go to any Fed bank and they hand out baggies of shredded money. My wife picked one up on a tour a few months back, I looked at if for a few minutes and tossed it in the trash. Right where FRN's are headed in the near future. The trash...
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Bedrock of the Community
United States
17884 Posts |
Quote: The American BEP does the same; their 5 pound bags cost $45. The Bundesbank bungle there on ebay weighs about double the BEP one, so that seems to be much the standard price per pound for shredded money. Sap you got your math backwards. A 1 Kilo bag of Euro notes is only 2.2 pounds so it is a little less than HALF the weight of the BEP package. So they are asking twice as much for half as much or four times the BEP price. My bet is the Bundesbank probably does charge about the same as the BEP for their shreds and the eBayer is trying to make a bundle on people who would be interested in the novelty but who don't know they can buy it cheaper. |
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Valued Member
United States
56 Posts |
Well $100 might not be bad if you could divide it into 300 little zip lock baggies and get $2 per bag.
I am always amazed at the things people will buy not to mention how much they will pay for some things.
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Replies: 17 / Views: 7,201 |
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Posted 01/08/2010 9:25 pm
