General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDoes anyone have advice on shipping currency?
Someone gave me a couple million Iraqi dinars to sell on eBay. She bought them as an investment, thinking Iraq would rebound and the money would increase in value. Now she just wants to unload them. Banks will gladly sell her the currency, but they won't take it back.
Looking at eBay listings, I see a lot of people selling currency, but so far no description of how the bills would be shipped. Some sellers offer free shipping, which tells me they're not going through a lot of expense packing or insuring them.
Any tips?
Also, is there any risk in getting into any kind of trouble by selling these? There are lots of eBay sellers, so I imagine it's okay, but I don't know if they might have some kind of license or other authorization that I am not aware of.
Any advice would help.
Thanks.
NightWatcher
(39,343 posts)MineralMan
(146,308 posts)consideration, really. What I suggest is shipping those pieces of paper using flat rate Priority Mail. You can insure the package for whatever the value might be of a couple million Iraqi dinars. I doubt it's very much, really. I wouldn't worry about it for a minute. Nobody wants them, so nobody would steal them, anyhow.
The Magistrate
(95,247 posts)If the whole thing were sold to one buyer. No idea what the actual 'market rate' might be, if you were trying to buy dollars in, say, Basra today.
MineralMan
(146,308 posts)takers at that rate. Supply appears to exceed demand. Were it me, I'd probably just ship them via USPS as "printed matter" and use media mail.
Many years ago, when I was working as a handyman doing odd jobs for people, a woman asked if I could paper her shower enclosure with money. I allowed as how I could, indeed, do that, so she bid on a big pile of assorted low-value foreign currency on eBay. Once it was delivered, I did the job, using acrylic resin to imbed the currency on a fiberglas shower enclosure, which I then installed at her home. I must say, it came out quite well. Millions in several devalued currencies surrounded her thereafter as she did her ablutions.
Malraiders
(444 posts)They came in individual plastic sleeves that are open on one side to remove them.
They arrived through USPS mail in a padded brown envelope. Nothing special.
No insurance either.
I gave 500,000,000,000,000 dollars to my son as a gift so I could say he is worth trillions of dollars.
Oh and 1 Zimbabwe dollar = 0.00276319 US dollar
Hope this helps.
Google will tell you the official exchange rate. Just type in 1 Iraqi dinar - us dollar
the result is:
1 Iraqi Dinar equals 0.00086 US Dollar
Lochloosa
(16,064 posts)PowerToThePeople
(9,610 posts)1.3816e+12
1,381,600,000,000 USD?
Your son is the richest person in the world by that math.
edit - nm, the currency has been suspended indefinitely, so essentially it is zero.