westphalia1 Posted March 15, 2013 Report Share Posted March 15, 2013 Why is the sale of antique banknotes so spread out? I mean it seems that the best and most of dealer and retail sales is mostly done via internet (correct)? I am in southeast Michigan and cannot find any banknote dealers. Lots of coin dealers but only a few that do notes on the side. Quote Link to comment Share on other sites More sharing options...
ccg Posted March 16, 2013 Report Share Posted March 16, 2013 I think America is kind of an exception in that the American coin trade is strong enough that it can support a large number of antique dealers who specialize only in US coins, whereas in most other parts of the world, coins often go hand-in-hand with banknotes, and sometimes one or two other fields. Quote Link to comment Share on other sites More sharing options...
MMMM Posted March 20, 2013 Report Share Posted March 20, 2013 Most of the American coin dealers only sell American banknotes. The price gap between “Retail” and “Dealer” prices on America notes is huge. Dealers can get a higher margin because of the bubble in the American banknote market. World notes do not have the same margin. Therefore you may find it hard to locate a dealer that also sells world notes, and if you do they usually sell them at "catalog" price. I rarely buy any notes now from store fronts. In fact I will not sell to a store front either, they buy at such low prices that it is not worth it. You will not break even. Quote Link to comment Share on other sites More sharing options...
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