small bill Dinar

[Saintsfan]

Why are the smaller Dinar so much more expensive? For instance it's $1050 for a million 25k notes but the price of smaller bills almost triple. And 50's (i believe) are $1000 per 100k Dinar.

[The Machine]

It's just to do with shipping costs and dealer mark ups.

just think about the size and weight difference between say 10 million dinar in 25k bills compared to 50 IQD bills

10m in 25k = 400 notes

10m in 50's = 200,000 notes

Edited February 6, 2015 by The Machine

[rulesforrebels]

It's just to do with shipping costs and dealer mark ups.

just think about the size and weight difference between say 10 million dinar in 25k bills compared to 50 IQD bills

10m in 25k = 400 notes

10m in 50's = 200,000 notes

I think the machine basically hit this on the head. Even if we throw out the idea that small notes may be worth more in some crazy revalue situation where large notes are tossed and only small notes are valid which is probably an unlikely scenario. Just the logistics of how much more ink and paper is required to print 200,000 notes vs 400 notes probably attributes to the difference in cost. Also, the weight and bulk of that money probably makes the shipping which is international shipping cost a fortune as well. I think thats a pretty good answer. If you do a google search though I know there's been several articles on blogs as well as discussions on forums about why the big difference in the cost of notes as well as is it worth paying more for small notes

[Saintsfan]

Thanks for helping me out guys..

[YOLO]

ok...am i thinking too much into this...?  Can they artificially hold the sell price down in order to reduce the number of high denomination notes...then after they have collected the high denominations allow the price to go up...?  I guess they could only do that if it was a float situation or a very low rv.  please feel free to crush my baseless theory...

[moose 57]

ok...am i thinking too much into this...?  Can they artificially hold the sell price down in order to reduce the number of high denomination notes...then after they have collected the high denominations allow the price to go up...?  I guess they could only do that if it was a float situation or a very low rv.  please feel free to crush my baseless theory...

ok, I crush it!

[King Bean]

YOLO....you're over thinking it. Move on.

[new york kevin]

I am guessing that the origunal question is hinting at our "flying under the cashing in radar" amount come cashing in time at the banks. You know that  dollar amount per transaction  above which US banks must report to the IRS. I am not sure anymore what that figure is. It use to be $9,000 or $10,000, but the rules have changed. It could be something in the area of $4,000 to $5,000. Either way I am hosed because in my original excitment of buying dinar I just bought them, $25,000 notes, then thought about could I save taxes if I cashed in just a certain amount each time? Which leaves me to a major reason why I joined VIP for the tax strategies.

[Saintsfan]

Thanks New York Kevin, I will have to get VIP when i can afford to do it...i saved up a whole year to get my Dinar because I truly believe in this investment.