Obsolete Banknote Bundles ?

Hi all,
as a relative newcomer to the world of banknote collecting i was wondering where to buy bundles of old notes from ..as in bundles of 100 still wrapped and uncirculated ,, i hope this hasn't been asked too many times before
but thanks in advance for any help and information
Steve

Quote: "Phatsteve888"​Hi all,
​ as a relative newcomer to the world of banknote collecting i was wondering where to buy bundles of old notes from ..as in bundles of 100 still wrapped and uncirculated ,, i hope this hasn't been asked too many times before
​but thanks in advance for any help and information
​Steve

​Hello & Welcome to Numista
You May Try in Ebay or RBA
Best Regards

Quote: "Phatsteve888"​Hi all,
​ as a relative newcomer to the world of banknote collecting i was wondering where to buy bundles of old notes from ..as in bundles of 100 still wrapped and uncirculated ,, i hope this hasn't been asked too many times before
​but thanks in advance for any help and information
​Steve

​You could try your bank but this requires a super amount of patience. Just be very clear what you are looking for like, "I want a pristine NEW bundle of___ (denomination) banknotes that have never seen the light of day. These should be crisp & uncirculated, etc." You will need to repeat yourself several times and ask them if they understand what you are asking for. They may have never heard of these terms before so gently explain how new & untouched these notes should be.

Good luck! (Because I've asked this I don't know how many times & have several tellers nod back like they understood my English/my request perfectly well, BUT still get circulated crinkled toilet paper, garbage that should have been destroyed countless times. From the consensus of most collectors I've polled re: this attempt to access new banknotes: it is not uncommon (to ask for NEW but receive OLD/circulated) since bank staff seem to be deaf or OBLIVIOUS to what type of bundle you are asking about. Once you get your bundle of garbage worn down substrate (that should have been shredded) be sure SMILE & thank those tellers like they've done you an amazing favour b/c if you don't you will find it even more challenging getting a "2nd kick at the can." If you actually do get a nice UNC bundle then count your blessings & be super nice with the staff for fulfilling your order.

BTW: don't be surprised if you get no special serial numbers as that also seems to take about 10 trips before one 'hits the jackpot," serial number wise. Good Luck (since you'll need it).

If you do decide to take the business approach & actually pay for the service than you may find all of the above commentary meaningless.

hi and thanks for the replies Serial_Number_8 what is the business approach and paying for the service ..?? are you meaning Forex or are there specific dealers for obsolete notes that deal in bulk ?

No, I do not mean trading at Forex. This involves no money as far as I know. My initial reply was about going into a bank & withdrawing large quantities of banknotes (with the objective of getting a collectible prefix or serial number). It is not very productive & its not for everyone.

About a decade ago I was making posts about the subject of brick (1000 notes) searching at various banks here in Canada on our CPMF. A very established dealer (& business owner) called me to warn me off of trying my luck at our banks. This was because banks can "blacklist" one (or red-flag) which can literally freeze your account. You have to know what you're doing if you want to recycle cash (withdraw large amounts of currency & then deposit at another branch). This is what I wrote about in the last post. The business owner who called me ordered bricks of various denominations & paid $ for this service (he told me how much but I have since forgot the figure & this was some time ago). He also used a line of credit & told me about those charges (so it got complicated).

Some banks also charge a service charge but I don't know how much that is (it varies). You have to ask. I have paid my branch a lot of money on a mortgage & have done enough banking with them to be able to recycle cash for no fee but they're not very happy/receptive to this. I have heard stories from other collectors who have had much better luck than me (& some who've struggled too).

Now you are from Australia so your banks may have different policies. You should check those out. Ask & be upfront about your hobby and what you'd like & if there's any fees involved. Remember, this is not for OLD notes but for NEW UNC banknotes. Sometimes they have provided me with circulated bundles (which sucks- but that's just how it sometimes works).

For older issues, you could ask them if they have any returned banknotes put aside in their "Damaged or Returns" pouch. Again, the actual terms may be different at your banks but that's what we call our older series notes to be returned to the BoC (& your notes would be slated for destruction at the RBA).

For bundles of older notes, I would look to auction houses or eBay. However, that's not what I would advise anyone who wants to become a collector of currency. I have only bought the odd lots of 5 (or less) in UNC on eBay. Check my World Market page for links to wholesale sellers & some auction houses. I do not endorse any particular seller or dealer.

A useful tip I got from a bank cashier once when getting old notes from the bank was to take all of what they had in issues that could not be put back into circulation. In this, I was doing them a service by relieving them of unissuable currency which they had to keep until it could be remitted, and I was not wasting their time. I got a lot of nice notes like this.
Some of the cashiers used to ring me when they got old notes in!