Does anybody know about money?

Discussion in 'Finance' started by Forum4PoliticsBot, Apr 10, 2012.

  1. Forum4PoliticsBot

    Forum4PoliticsBot New Member

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    I have heard several times where people have sold old bills and coins for more than their actual value. I am wondering about how old a bill must be to be worth more than it is valued at. I have come across a 20 dollar bill that is already about 22 years old and it is still in really good condition. Is it really worth it to hold on to it for another 10 years or so, or is that a complete waste of time?


    Thread started at Forum 4 Politics on 04-09-2012 07:48 PM
     
  2. Clint Torres

    Clint Torres New Member

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    Old paper money is not worth holding on to. Gold coins and bullion are what investors seek. Bullion is like a traded commodity and there are many sellers and buyers.

    Papaer and rare coins are harder to sell, less buyers, more sellers.

    Platnum is currently one of the best metal/coin investments today. It's value is less than gold. Where in the past Platnum has all ways been 3 to 4 times more than gold. But all the gooldmongers are so hyped up on gold the price of gold has gone through the roof, and is one of the worst investments to buy today.

    If you have paper money collectables, your goal should always be to find a seller. Like I said, there has all ways been more sellers than buyers of paper money, and it is very hard to unload paper bills for a decent price. IMO the rare paper money is as rare as the paper money collector. Paper bills are like having a old pocket watch, condition, and value rarley fluctuate, and it's hard to sell for a lot of money.

    Good luck. Perhps you can find a sucker who will pay what you want for it $20.
     

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