CPM Forum

General => General Forum Comments => Topic started by: jarod on June 10, 2008, 12:43:12 am

Title: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: jarod on June 10, 2008, 12:43:12 am
To all,

This is one crazy note.  I have not ever seen this before.  Who has the money to but this note?  Is this true????? :o :o ::) 8) ::) ;D  Even if I have this money, I would not purchase this..... NO WAY!!!!

http://cgi.ebay.com/PORSCHEAHMET-THE-ONLY-1922-50-S-N-FR-1200a-CGA-GEM65_W0QQitemZ220243405429QQihZ012QQcategoryZ149944QQssPageNameZWDVWQQrdZ1QQcmdZViewItem (http://cgi.ebay.com/PORSCHEAHMET-THE-ONLY-1922-50-S-N-FR-1200a-CGA-GEM65_W0QQitemZ220243405429QQihZ012QQcategoryZ149944QQssPageNameZWDVWQQrdZ1QQcmdZViewItem)

Jarod
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: blumax on June 10, 2008, 05:22:56 am
This dealer is in Tarpon Springs, Florida, doing business as Arcade Currency Palace.  He often uses incredible Buy It Now prices as a psychological push to the Best Offer pricing.  It may also be advertising without intent to sell.  Notwithstanding, he does have an extensive stock of high grade, high value ($500/$1000) obsolete US currency.

blumax
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: Bob on June 10, 2008, 09:00:52 am
I was just about to write a cheque when I noticed something - aren't there three vertical folds in that note?  What a shame! - I only collect those $50 gold certificates in unc.  Sorry, Mr. greatest in the world dealer.
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: 1971HemiCuda on June 10, 2008, 09:58:38 am
Look at this note! Its from the same seller!

Item Number: 220243405754

$20,995,000  


and he has 2 offers.
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: CMNWEALTH on June 10, 2008, 10:00:54 am
The Parking Lot and Shop don't look too busy - So he has to make his money up some where ? My luck - I woulda walked in looking for a pinball machine !!!  ::)
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: friedsquid on June 10, 2008, 10:25:04 am
I don't know if anyone noticed or cares  ;D but
Did you know the he is the ONLY Accredited Coin dealer and is accredited by the famous well known USPI Inc. Accreditation - Coin and Currency Dealers and Grading Company.
The funny thing is that if you check out the USPI Inc. website it is listed at the exact same address as his business.  Now how well could someone be doing if they have to share office space ;D.... Atleast they have different phone numbers. That really fooled me.

FRIEDSQUID
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: Ottawa on June 10, 2008, 10:32:44 am
That not-so-unique Bank of Nova Scotia $5 1898 note signed Doull is beginning to look mighty cheap at only $688,888.00 ........  ::)

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=3439&item=%20110241645530
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: CMNWEALTH on June 10, 2008, 10:38:44 am
Definately .... So is the sale price on that Grand Watermelon note @ $2.25 Mill ....
Title: Re: Outrageous / Ridiculous U.S $50 note over 17.5 million dollars
Post by: Ottawa on June 10, 2008, 02:07:10 pm
This dealer is in Tarpon Springs, Florida, doing business as Arcade Currency Palace.  He often uses incredible Buy It Now prices as a psychological push to the Best Offer pricing.  It may also be advertising without intent to sell. Notwithstanding, he does have an extensive stock of high grade, high value ($500/$1000) obsolete US currency.

I think blumax has hit the nail on the head with his comment that I have highlighted in bold above. It's merely cheap publicity, not so much without the intent of selling but without any possible hope of selling at anywhere close to the listed price. Several eBay sellers use this highly undesirable and highly unprofessional tactic in a vain attempt to boost the market to unrealistic levels and to establish themselves as market "leaders".