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Was this a good investment: The "banana bill" at $25K? |
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| Jan8-06, 07:47 AM | #1 |
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Was this a good investment: The "banana bill" at $25K? |
| Jan8-06, 08:31 AM | #2 |
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Well, if someone else buys it for some amount, principal + interest equivalent to more than 10% APR, then yes it would be considered a good investment.
There are people with lots of money who buy stuff like that.
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| Jan8-06, 09:57 AM | #3 |
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I know this story has been circulating a lot and that someone verified the bill prior to auction, but I honestly I think it's a hoax of some kind. How can that sticker be printed on to the bill in a typical printing press? It can't. The sticker could be transferred to the bill because it got stuck in the printing plate but how can that be printed, in a press, without any red or yellow ink? Something just does not look right about it.
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| Jan8-06, 10:17 AM | #4 |
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Was this a good investment: The "banana bill" at $25K?I've never quite understood the concept of buying things at auction. Doesn't the entire principle of an auction mean that you've bought something for more than anyone else who wants it is willing to pay for it? Doesn't that mean you paid more than it's worth since the value of collectible things is generally determined by what people are willing to pay for it? I can think of a lot of better things to do with $25,000.
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| Jan8-06, 10:25 AM | #5 |
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| Jan8-06, 10:30 AM | #6 |
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Read the story. It's a DelMonte sticker attached to the bill, but with the seal and serial number printed across the sticker. The sticker somehow got attached to the paper midway through the printing process. This has happened with other foreign matter such as band-aids, scotch tape, etc. The misprints are usually caught before the money goes into circulation.
http://www.ksl.com/?nid=333&sid=147431 |
| Jan8-06, 11:56 AM | #7 |
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| Jan8-06, 12:16 PM | #8 |
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What a story. Man, I wish I was that rich.
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| Jan8-06, 01:04 PM | #9 |
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Mentor
Blog Entries: 4
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| Jan8-06, 01:06 PM | #10 |
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I'd be willing to pay full market value for that one...$20.
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| Jan8-06, 01:49 PM | #11 |
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I would imagine though that there are optical scanning systems (e.g. optical recognition) designed to monitor serial numbers and catch flaws. Obviously this one got by. I wonder it was toward the top or bottom, and the previous sheet simply overlapped it? That is an awfully big mistake to go unnoticed. |
| Jan8-06, 02:08 PM | #12 |
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I think corporate sponsorship in America is getting to be absurd. I hear the new $5 will say in chiquita we trust.
......p.s money is made from linen not paper moonbear. I must say though, that sticker does make it look damn cool. The colors go well. I guess money does grow on trees after all...
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| Jan8-06, 04:09 PM | #13 |
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| Jan8-06, 04:18 PM | #14 |
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Function: noun 1 a : cloth made of flax and noted for its strength, coolness, and luster b : thread or yarn spun from flax 2 : clothing or household articles made of linen cloth or similar fabric 3 : paper made from linen fibers or with a linen finish Main Entry: 1pa·per Pronunciation: 'pA-p&r Function: noun Etymology: Middle English papir, from Middle French papier, from Latin papyrus papyrus, paper, from Greek papyros papyrus 1 a (1) : a felted sheet of usually vegetable fibers laid down on a fine screen from a water suspension (2) : a similar sheet of other material (as plastic) b : a piece of paper http://www.webster.com/dictionary/paper Money is printed on paper. |
| Jan8-06, 05:32 PM | #15 |
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| Jan8-06, 05:55 PM | #16 |
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http://www.staples.com/webapp/wcs/st...roductId=31469 |
| Jan8-06, 06:12 PM | #17 |
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