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 Replies: 17 / Views: 4,411 |
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Pillar of the Community
Canada
5253 Posts |
The first one has some interesting older notes but the grade is low. Many of the modern one are also low grade. I personally would not get it.
The second one is a decent lot for the price, all UNC, and I see one from North Korea which is worth more. If I were starting out, I think that I would be happy with this lot. The price seems fair.
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Valued Member
Canada
499 Posts |
Agreed. The first one is too expensive for the notes that are offered. The second one is a starter world note set but worth getting if you are looking to start a world banknote set. It is better to concentrate of a topic or country. Trying to collect the world can get very expensive.
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Pillar of the Community
Canada
2781 Posts |
be wary of the second listing, what is shown is not what you will get:
50 X DIFFERENT BANKNOTES FROM MANY DIFFERENT COUNTRIES ALL PERFECT UNC (picture may vary)
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Pillar of the Community
Canada
5253 Posts |
Good point, @wade. I should have checked the fine print. However, for that price the specific notes are not that important as long as there really ARE many different countries and NO duplicates. It is a starter set so after buying a few of these you will find that you tend to get a lot of duplicates and you will need to pay more to get individual pieces you want.
You can get 100+ different inflationary notes from South America in UNC for next to nothing, but if you want a comprehensive set there will be tougher ones in every country, even the notorious Argentina and Brazil inflationary ones. Older ones of most countries tend to be expensive in higher grades, and current ones from the western countries may have a high face value which puts an effective floor price which may be very high.
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Pillar of the Community
Canada
2578 Posts |
Quote:
Are Buying Bulk orders worth it? Quote:
Selling bulk lots of world banknotes for very little is not a sign of dishonesty, because there are a lot of world banknotes that are very cheap. This is not new. Quote:DIFFERENT BANKNOTES FROM MANY DIFFERENT COUNTRIES ALL PERFECT UNC (picture may vary)[/quote] Quote:
It is better to concentrate of a topic or country.  All excellent, sound advice. [quote]Trying to collect the world can get very expensive. Although world notes in general can be cheap, once you've made a few purchases, it can really add up (with postage) and the binders/sleeves you need to keep your notes in good shape. It really makes sense to set a few goals (or at least guidelines of what notes you won't buy). Since they're pretty cheap, I encourage my fellow collectors to seek only UNC from certain countries (or with certain themes, eras, places travelled?) The fun part of it is you set the criteria- but once you set it- try to stick to it. Check out: https://www.ebay.com/itm/Complete-S...AOSwwMxdn~GdHe has been a favourite seller of mine for the past year since he offers sets at a fair price (& rarely are the notes AU or less than UNC). |
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Pillar of the Community
Canada
5253 Posts |
@walk2dwater, your comments about this seller are quite encouraging as I just placed a couple of small orders with him. There were a few countries missing from my current issuers list, and he had them all. He seems to have most modern or current notes, and his prices seem to be at the bottom end. My guess is that he orders a brick of every new note from the central bank to minimize his cost, and he has a modest mark-up to maximize sales.
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Pillar of the Community
Canada
2578 Posts |
Quote:
My guess is that he orders a brick of every new note from the central bank to minimize his cost, and he has a modest mark-up to maximize sales. - yes, I believe he does that (& like you, bought a while back). Or has agents who can send him the notes for a modest mark up above Face Value ( FV) soon after the notes are issued. Generally speaking: most collectibles only go up in price so dealer/collectors who bought years ago have a distinct advantage over 'us guys' who just realize " I want that." Dealers also get great discounts from other dealers through their authorized dealer memberships (tax free). I won't get into the specifics- but trust me- they get heavily discounted stock. So he knows what he's doing (& I doubt his "mark up" is that modest as ebay fees can be crippling). There are other sellers who are actually less expensive then "Yuri" (the one I suggested) but he has been an excellent communicator with me, is based in USA (so I get my items quick & he wins out in many other areas- such as honesty with grades/etc). With the other sellers (who are based in Asia or Europe) their packaging is so-so, their grading is questionable & it can take a glacial pace for their poorly packaged/labelled parcel to reach me. CASE IN POINT: I just received a package where the seller misidentified a note & I paid a $10 premium on it because he labelled the note as a much earlier/rarer version (when it was the most common/recent version). I had bought from him before (so no issues & my guard was down) but actually didn't verify his error (that he incorrectly[b] IDENTIFIED the note & I later verified that he didn't attribute the correct Pick #) until after I gave him +ve feedback (so I had ZERO recourse). This doesn't happen often (thank God) but enough to make me very wary to try new Sellers (who have low BIN prices on lots). And I am still waiting for my package from Turkey (purchased on Mar 1st). "Wade" earlier made a very good point to be wary of those who post that the picture may vary from what you get[/b] & my problem seller had posted a similar warnings  I think it pays (or saves one $) when one deals with a seller who is very transparent, has a good attitude & wishes to keep up that good rapport (like the one I suggested). I sell notes on my site too (& strive to satisfy) as I hate being led down the wrong rabbit hole. Edited by walk2dwater
04/17/2020 6:41 pm
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New Member
 United States
15 Posts |
Thanks to everyone who replied. I dont really know if I want to stick to certain areas of notes or just go out and buy whatever I
see is nice. I have about 80 world notes collected over the years by my great great great Uncle..or I think he won them in an
auction since he was always involved in all kinds of auctions. My plan was to add on to the set. I did just make a purchase
fromBanknote World to get a few polymer notes. I am super new to this and since my main hobby is put on hold due to the virus I
figured nows the time to start up this hobby with my spare money :)
Now i'll check out those other recommended sellers.
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New Member
United States
15 Posts |
@walk2dwater the ebay seller yuri you shared is exactly the type of seller I was looking for on ebay. And based in US a few states away is a big plus! |
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Pillar of the Community
Canada
5253 Posts |
@walk2dwater, I noticed that some modern Canadian notes were 2 1/2 times face value, which seems a reasonable mark-up to me. As you say, ebay fees are steep at times. A big plus for me was one shipping fee-since he has such a large stock there is a good chance of finding a lot that you want. |
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Pillar of the Community
Canada
2578 Posts |
Quote:
I am super new to this -my suggestion to you is to take your time (no rush) & look over your uncle's notes. Try to discern a pattern for what he collected. Or you can decide which ones you like best & set some goals (how high a denomination, which countries, etc). Be methodical. Remember to set limits on what you will collect (& what you will spend on/what you won't buy). Those are some of the things I discuss on my site (&. in my videos). Quote: the ebay seller yuri you shared is exactly the type of seller I was looking for on ebay. -good to hear. Remember there are others like him too. Scroll down the page & ebay will show other similar items (often for less). BTW: I don't just stick to one seller but always shop around (that's part of the "thrill of the hunt" as "DavidUK" suggested in another post here). I am not a big fan of bulk buys but recognize they're a great way to pay for your collection (if you don't mind selling extras down the road). But it's not for everyone. I actually prefer TAsL ( True Auction style Listings) over BIN (Buy it Now) b/c I want to buy quality (older/rarer/easier to sell down the road) over quantity. Quote:
some modern Canadian notes were 2 1/2 times face value, "Oriole" that seems a bit steep but the higher he has to pay for stock the higher he has to charge (with ebay fees). CDN (Aus/NZ & GB) all seem high to me. So it goes. |
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Valued Member
United States
419 Posts |
I once bought a lot of 50 Indian Head cents off ebay. about $25. The pictures clearly showed a 1909 that appeared to be uncirculated. I was skeptical as apparently were other bidders since the lot went cheap. When I received the coins, the 1909 was included and it was a nice UNC RB. Some of the big sellers on ebay that run real auctions do have bargains from time to time. By "real" I mean very low starting price. Too many sellers have the starting bid at full retail. I normally avoid bulk lots with fixed prices. And always make sure you are going to get what is pictured - NOT something "similar". |
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Pillar of the Community
Canada
5253 Posts |
@walk2odwater, yes, 2 1/2 times is higher than it would be locally here, but not outrageous. I am just getting back into banknotes after years of absence, so my sense of what the best prices are is probably a bit off.
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Pillar of the Community
Canada
2578 Posts |
Quote:
Too many sellers have the starting bid at full retail. -Very true "JohnK" but I cannot blame sellers (who do this) as I have sold a lot of CDN banknotes on ebay and either broke even or lost $ (when you factor in Paypal & ebay fees). I'm so bent on keeping good +ve feedback I have always honoured a sale (regardless if it cost me). Although the market is shrinking (due to pandemic postal restrictions) there are still some good TAsL out there but they're becoming scarcer to find. My advice to anyone looking to get into banknotes is always the same: take your time (know when to back down on an auction). There is no excuse to rush into a purchase & not know what you're buying (with all the free references out there online). Check out my site (I have a page with links to all sorts of references). Sure I spend time "on the hunt" but I also spend a lot of time just researching & getting to know World notes better. If there is one thing I have learned: 99% of the world stock on market is for just ordinary run-of-the-mill stock (regular prefixes). Only scarcer (typically uncommon older series) or very popular series variations (short-lived CDN Devil's Face/Seychelles "SEX" notes) will always do well (& you can bank on em rising in the future) so remember that when bidding. You will rarely see excellent "collectible" items listed on the bulk seller's huge selection of notes (though they will sometimes surprise me). I have bought 70-100 year old UNC notes from "Yuri" for 30-40% less than BV (cheaper German/European inflation notes). They're not rare but I like them (& I've seen circulated examples for as much or more). "Oriole" if you wish to buy some decent CDN banknotes for far less than a dealer can sell them to you - pls PM me. |
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Pillar of the Community
Canada
2578 Posts |
The 3 Euro banknotes listed in this post (2 from Greece & 1 from Portugal) were my 1st ebay bulk buy back in 2014 or 2015 (after returning from my 3rd trip to Europe). Still very new to European &(world banknotes) http://goccf.com/t/371945#3190454 & since learned that the Portuguese 20 Euro was printed by TDLR in GB (which turns out to be a tough variety). It was BIN for over BV but I know I did quite well considering I have only seen a few Euros printed in England since. My experience thus far has been that the more you pay (& less you get) in bulk -the better the transaction (for the buyer). Here is another BIN 2002 German set I picked up from a US based seller for just a wee bit over BV (which was amazing considering they're the tougher Duisenberg signature variety):    |
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Replies: 17 / Views: 4,411 |
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Posted 04/16/2020 8:21 pm
