Quote:
Originally Posted by m_hood115
Hello, about 15 years ago my dad invested pretty heavily in the commemorative jack nicklaus royal bank of Scotland 5 pound note. He bought 2000 of them for about $40 a piece expecting them to go up in value. Unfortunately about 2 million were released so we're kind of stuck with them unless we try going the Ebay route.
Does anyone have suggestions for how to get rid of these while taking the smallest loss possible? They're in pristine shape and have never been in circulation.
Sorry, the other posters nailed it. You can try grouping like 5 together along with one at a time but it'll be brutal to try to sell 2000 of these on ebay if you're looking for any sort of time frame that isn't a long ass time so it's up to $/time factor, if it's purely least money it'll be very very, very slow.
Sounds like he's the old school stubborn of just keeping them instead of cashing them at the bank.
Commemoratives aren't things to invest in expecting them to go up, especially new ones as release date is the highest interest in them 99.9% of the time. Every one of us has or will make some bad investing error but ugh at this one.