topic Deluded Seller Flogging Off New $5 Notes in Buying

Deluded Seller Flogging Off New $5 Notes

*tippy*toes* — Wed, 07 Sep 2016 12:21:07 GMT

I was just checking out what people are selling the new $5 notes for, to see how optimistic some people are (and there are some very optimistic ones out there!). I came across a seller selling a run of 100. I looked at the price and thought he was a nutter. $125 for 100 $5 notes. Then I looked at the postage. $500. His reason, part of the price is built into the postage that helps keep the price low. I'm thinking someone hasn't worked out that they get hit for fees on postage. I think someone is in for a rude shock when their eBay bill comes in.

I feel like telling him but he's got over 300 feedback as a seller, you'd think he'd have worked it out by now.

Re: Deluded Seller Flogging Off New $5 Notes

kopenhagen5 — Wed, 07 Sep 2016 12:23:33 GMT

Yeah I'd also let someone like that find out himself.

Re: Deluded Seller Flogging Off New $5 Notes

*tippy*toes* — Wed, 07 Sep 2016 12:41:19 GMT

If he was a new seller I'd probably let him know, but he's not. It could also be a bait listing. Someone will see the low price and then not look at the postage. Then get a rude shock when they go to pay for it!

Re: Deluded Seller Flogging Off New $5 Notes

collect247 — Wed, 07 Sep 2016 23:29:40 GMT

But it doesn't matter how much he charges for postage because it's 9.9% in fees on the total,so even if he

charged $50 postage and $575 for the notes he will still pay the same fees.

I'm looking at the seller that has a bundle for sale for $3000 at the moment lol.

The first prefix notes are fetching $130 for a single note wow.

I have a couple of bricks and most are first prefix but I can't sell so I will just hold onto them haha.

And I'm still yet to see them in circulation,I think we must have all purchased them straight from the mint lol.

Re: Deluded Seller Flogging Off New $5 Notes

kopenhagen5 — Thu, 08 Sep 2016 00:00:32 GMT

Yes that's what we are saying.

Maybe the seller doesn't know fees are on total.

Poor form IMO.

When available get some bricks of last prefixes as well.

Everyone seems to like having a first and last prefix.

Re: Deluded Seller Flogging Off New $5 Notes

*tippy*toes* — Thu, 08 Sep 2016 00:09:42 GMT

Someone on the CS forum got one in circulation the other day. I was stunned when I saw what some of them were going for at auction for 1 note. Seriously? $130 for a new $5 note? I know that down the track they increase in value, but I think with these it will be way down the track and even then, I'd be surprised if they valued at that, regardless of the prefix.

For those that want bundles, wouldn't it make sense to just go to the bank and buy them? At least they're just paying face value and not a big mark up.

Re: Deluded Seller Flogging Off New $5 Notes

anotherpancake52 — Thu, 08 Sep 2016 00:24:41 GMT

Looks like someone gave your seller a heads up as the price has increased to $645.00 and $15.00 postage. He hasn't changed the description though.

Re: Deluded Seller Flogging Off New $5 Notes

collect247 — Thu, 08 Sep 2016 02:48:17 GMT

The problem is that the banks aren't really supposed to hand over any new currency if asked to do it

but if the banks happen to give it to you when you're withdrawing then you're in luck.

I have asked plenty of times and they refused lol.

Re: Deluded Seller Flogging Off New $5 Notes

fjg260902 — Thu, 08 Sep 2016 05:24:36 GMT

Tippy it is not only notes that are being flogged for a high price I have been watching the price of these Holden collector coins on ebay,

http://www.ebay.com.au/itm/Australia-Mint-2016-Holden-Heritage-50c-Piece-12-Coin-Collection-Set-In-Tin-New-/162192049460?hash=item25c3664534:g:7sgAAOSwdIFXzQGc

A nice little profit on these coins if you can get a e bayer silly enough to buy them at that price.

I ordered a set of these from the mint on the day I received notification of them going on sale. I bought 1 set for the price of $160.00 with postage of $13.20 . All up $173.20.

I always thought sharks lived in the ocean but I have noticed that live in ebay too.

Re: Deluded Seller Flogging Off New $5 Notes

collect247 — Thu, 08 Sep 2016 05:37:06 GMT

$370 is the highest I've seen them go for so far lol.

You have to realize that selling coins and notes is a profitable business.

I purchased the new $5 note in bundles of face value of $5000,I got 4 bundles and I could easily get 25 x $5000

for them that's how crazy it is.

Sellers aren't sharks well not all of them haha and buyers aren't silly as the value of coins and notes in the future and even now

is only going up and I'm surprised not everyone is selling them haha.

Re: Deluded Seller Flogging Off New $5 Notes

fjg260902 — Thu, 08 Sep 2016 06:22:49 GMT

Yes didawaywith I agree not all sellers on ebay are sharks but there are some in ebay though like everywhere else.

I am aware that the selling of coins & notes are a very profitable business, I have bought enough of them to realize that.

But I am not a seller I am just a collector investor.

Every seller likes to make a profit and every buyer likes to get a bargain but at the end of the day it is up to every buyer what they are prepared to pay for something.

Re: Deluded Seller Flogging Off New $5 Notes

collect247 — Thu, 08 Sep 2016 06:52:26 GMT

Ok you're a collector and one day you will be a seller.

I'm both.

And then you would know that it's best to buy from the mint if you can,but they only have a limit and once sold out the only

way to buy is from others (coin dealers) that sell them.

Obviously these dealers are out to make a profit who isn't.

If you're after a bargain then bid on auctions and you might get a bargain (not always) as I have seen auctions fetch more

than BIN lol.

And yes like everything it's only worth what you're willing to pay for it, and buyers are willing to pay that's for sure.

When I sold I listed as auctions so it was upto the bidders what they wanted to pay,I found that way was the best as I knew

I would always get a price I was after anyway,which made both parties happy

Re: Deluded Seller Flogging Off New $5 Notes

*tippy*toes* — Thu, 08 Sep 2016 08:22:10 GMT

@didawaywith wrote:
Ok you're a collector and one day you will be a seller.
I'm both.
And then you would know that it's best to buy from the mint if you can,but they only have a limit and once sold out the only
way to buy is from others (coin dealers) that sell them.
Obviously these dealers are out to make a profit who isn't.
If you're after a bargain then bid on auctions and you might get a bargain (not always) as I have seen auctions fetch more
than BIN lol.
And yes like everything it's only worth what you're willing to pay for it, and buyers are willing to pay that's for sure.
When I sold I listed as auctions so it was upto the bidders what they wanted to pay,I found that way was the best as I knew
I would always get a price I was after anyway,which made both parties happy

Yes, you can, especially when there's a voucher involved! I was watching an auction for a bundle of consec new $5 notes. When I checked 5 minutes before auction end it was up to $53. Then it went to $54. I thought there would have been some last second bidders, but there wasn't. I placed a bid of $64 (it was free postage, so happy to go a little higher). The cheapest BIN was $66 I think, plus postage. I got them for $62.50. Take off the $20 for using the app and I got them for less than face value! Even if I bought them to spend, I'd still come out in front!

Some people must have outlayed a fortune on their stock. I saw some that were runs of 10, all the with same serial number and consec prefixes. I wouldn't have thought they'd have so many prefixes this early on.

Re: Deluded Seller Flogging Off New $5 Notes

springyzone — Thu, 08 Sep 2016 08:36:12 GMT

Good grief.

I got one in my change today. I admired it, we all had a look, then i spent it 5 minutes later on a chocolate pack. Hahndorf chocs so at least quality for my money, but I had no idea they were worth anything except.. $5.

Re: Deluded Seller Flogging Off New $5 Notes

davewil1964 — Thu, 08 Sep 2016 08:38:01 GMT

I doubt you'd get more than $5 if they're not UNC.

Re: Deluded Seller Flogging Off New $5 Notes

fjg260902 — Thu, 08 Sep 2016 10:53:13 GMT

didawaywith I buy from both the Mint and on ebay but NO I don't think I will EVER be a seller.

My purchases of Stamps,Coins & Notes are an investment for my Daughter, I am investing in her inheritance.

Like you I have also seen some auctions go past a BIN price too and I think to myself why do some individuals continue to bid for I can only put it down to they either get caught up in the thrill of the auction or they really want the item no matter what they have to pay for it, probably a bit of both.

Re: Deluded Seller Flogging Off New $5 Notes

heihachi_73 — Fri, 09 Sep 2016 01:28:19 GMT

I got over $4 for a circulated 2011 10c piece that I got from Coles, strange things can happen on eBay. 🙂

Re: Deluded Seller Flogging Off New $5 Notes

heihachi_73 — Fri, 09 Sep 2016 01:30:09 GMT

Should have put the number on Money Tracker and sent it around the country. 🙂

Re: Deluded Seller Flogging Off New $5 Notes

collect247 — Fri, 09 Sep 2016 02:20:15 GMT

That's because the 2011 10c is the scarcest/rarest coin.

A Proof/Mint condition 2011 10c coin is valued at $85+

Re: Deluded Seller Flogging Off New $5 Notes

kopenhagen5 — Fri, 09 Sep 2016 02:36:16 GMT

10c - 1986, 1987, 1996 are also scarce.