Return on investment into banknotes

[Adrian Gadek]

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

 

[Silver Soul]

Fiat! Wrong forum.

 

[Number 47]

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.

 

[hardyakkagold]

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.

 

[hardyakkagold]

This Australian Banknote previously sold for $320,000.

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



Need I say more?

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