Return on investment into banknotes

Discussion in 'Banknotes' started by Adrian Gadek, Feb 7, 2021.

  1. Adrian Gadek

    Adrian Gadek New Member

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    We are currently doing research on the returns investors or collectors of banknotes have made and we would be very interested in hearing stories from people whom have made a profit from holding banknotes.

    Any feedback would be very much appreciated.

    www.bulldogbanknotes.com
     
  2. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Fiat! Wrong forum.
     
  3. Number 47

    Number 47 Well-Known Member

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    I've managed to make some small gains on old paper consecutive notes. I can't remember exactly how much I gained but it was around 20% in 5 years.
    To be honest I wish I'd kept them.
     
  4. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Due to the debacle of having Australia's most prominent high-end banknote dealer in John Pettit going bankrupt last decade and the debacle
    with the Rare Coin Company based in Western Australia at about the same time, I don't think there would be too many people in Australia who
    can claim to have made a tidy profit by holding banknotes over the past 10 years.
    As a matter of fact, I come across many listings of high end rare Australian banknotes that are selling at auction now for 80% or 90% less than
    what the purchases paid for them 10 years ago!

    The only people who make money out of holding banknotes, in the long run, are the greedy bankers.
     
    Last edited: Feb 7, 2021
  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    This Australian Banknote previously sold for $320,000.

    It was recently put up for auction with an estimate of $12,000 - $14,000!

    Screenshot_2021-02-07 IAG_S92_Cat pdf.png

    Need I say more?

    Oh, and it did sell for the upper estimate of $14,000 plus buyers commission.
     
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