Help! I Have $10000 In Star Notes Update With Pictures.

I used to sell recent issue $100 star notes on ebay. I would make an adverage of a about $10 per note on each transaction. I stopped selling them after several buyers attempted to defraud me by claiming that the package never arrived (when tracking said it did), or that I had shipped them an empty package (i would film myself packaging each note and putting shipping labels on it). I even had someone claim I sent them a $1 bill instead. They filed an ebay item not described claim and actually mailed me a $1 bill, I had myself on film packaging and mailing the hundred so ebay sided with me in the case. The sheer amount of time involved with dealing with these problems led me to stop. If your out of work or working for less than $10 an hour, it might be worth it to try but otherwise it won't be worth the effort trying to sell them individually on ebay.
If any of them are consecutive runs, you might be able to get enough money for some of them in lots to make it worth your while, but make sure you film yourself packaging them up or you'll be in for trouble.
Another thing to consider is if your selling that amount of volume on ebay, you'll get a 1099-K from ebay and your sales will be reported to the IRS. You'll need to prove a cost basis for the notes, which can be annoying since if you get audited you'll need to keep and send copies of each sale of $100 bills and explain to them that the cost basis was $100 since thats what their face value is.

They are not worth the hassle of selling on ebay.

You have to have a gross of around 113$ EACH to cover just the cost of the note and selling fees and PayPal fees.

Throw in Registered Mail postage and you are rapidly approaching needing to sell each for at least 130$!

Do yourself and your Dad a favor. Return the unwanted notes to the bank and get your debt to your Dad resolved.

Being in debt to anybody stinks!

Most fraudulent buyers running this type of scam make a number of such purchases at once, in this instance ebay had already opened an anti-fraud investigation against the buyer by the time I received the "return" package from him and his account was suspended. When I told ebay that I had video taped myself packaging and shipping the item, that was sufficent enough for them to release the money held by them to my account.
A much more common scam I had the misfortune to run into with these (its also happened to me selling gold bars), was for scammers to use stolen credit card numbers to make the purchases. The real owner of the credit card would then file a claim with paypal that there was fraudulent activity, and paypal would sieze the funds from my account. Luckily with seller protection, paypal would cover the loss and return the funds so long as the item in questionw as shipped in a manner that satisfied their seller protection standards though it still was a pain in the neck to deal with.

Thank you! I almost forgot: Income of more than $10000 means taxes.

If you do find a local dealer who will give you $5 per note, I highly doubt they would be willing to lay out over $10,000 for inventory that is available at the bank for face. Maybe you'll get lucky and sell 5, 6, maybe 10. If you manage to sell 10 of them you are going to pocket $50. If you look at how many hours you have spent trying to figure out what to do, the gas you spend driving around trying to sell them, the time driving around, ect you are gonna be lucky to come out with a dollar in your pocket of profit.

I'm not trying to put you down for what you are trying to accomplish, but you seems to have forgot time is money. If you don't value your time no one else will. If you are willing to do all that work for the potential of a few dollars per hour of profit more power to you.

First, OP is a teenager. Second, is this not what so many in this community do hunting through rolls? Does it really pay on an hourly basis? When I was a teenager, I did CRH on half dollar and quarter rolls, but this was in the 70's and it really did pay on an hourly basis.

I'm not trying to put the OP down in any way shape or form. I really wish at an earlier age I would have learned that time = money. I did a lot of odd jobs when I was a teenager that I was definitely given the short end of the stick on time/effort vs. pay. If the OP was able to get a $10,000 loan from his father for a chance at making money, current $100 star notes is not a good venue for profit return.

Putting an ad on craigslist to buy collections or searching through varieties at coin shows/shops you could easily make a decent return on that type of investment. Heck you could buy proof/mint sets from ebay and cut them up and make a better return. For an example I just won 3 1956D FB Roosevelt dimes from auction. These are selling for around $15-$20 on ebay, I spent $43 with shipping/tax. If everything works in my favor I should be able to keep one and sell the other two and just about break even. Those are the type of deals you need to look for.

With that big of an initial investment you should shoot for something that can give you a much better return. A 5% return doesn't lead to profit, 15%-30% (or more) would be what you want to shoot for.