Showing posts with label Thousand. Show all posts
Showing posts with label Thousand. Show all posts

Monday, June 21, 2010

What is the real cost of Thousand bills?

The relationship between nominal and real value for money - this is quite a complex issue.

But there is one case where a thousand dollars can cost more than a thousand dollars - and this happens in the sale of bank notes in denominations of $ 1000. By selling bills of $ 500, $ 5000 or $ 10000, their owners might also receive an amount substantially in excess of par value of these notes.

However, most people have never even seen the notes of such value as the U.S. government has withdrawn them from circulation in July 1969 These papers are still a legitimate means of payment, and possession is also completely legal. But if the investor decides to put them on a blocked bank account, then later on he will receive only an amount equal to their nominal value. The Bank is obliged to transfer such a case, received bills in the appropriate division of the Federal Reserve System, where they would be destroyed. However, the owner of a large banknote there is a more profitable opportunity: he can sell his treasure with a considerable profit to collectors of banknotes.