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All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Buying Foreign Notes

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Author Previous TopicReplies: 4 / Views: 885Next Topic  
ragpicker
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United States
198 Posts
 Posted 08/01/2008  09:12 am Show Profile   Bookmark this topic Add ragpicker to your friends list Get a Link to this Message Number of Subscribers
Has anyone else seen the ads and the spots on ebay where one can buy like 100,000 in Iraqi Dinar in hopes that it will increase in value after the war? The cost is $155 to $160 for the lot.

Is it a good deal?

Has anyone else bought any?
Topher
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Canada
965 Posts
 Posted 08/01/2008  09:35 am  Show Profile   Bookmark this reply Add Topher to your friends list Get a Link to this Reply
scam. Run far, run fast.
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biokemist6
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12437 Posts
 Posted 08/01/2008  12:01 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The exchange rate puts it at about $80USD. It would need to double in value just to break even and then you would have to make sure it is new Dinars, not the old Saddam Dinars.
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jbuck
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 Posted 08/01/2008  12:05 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I agree, very risky.
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eaglefoot
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 Posted 08/01/2008  2:36 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Military in my family recently home have said there is A LOT of counterfeit paper money in Iraq.....both new and old.

I agree with Topher and Jbuck.......scam. Run far, run fast.....very risky !
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