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.

Along the same lines, my dad bought several cases of 1988 Donruss baseball card wax boxes. This was about the worse possible year and brand to buy, and now the boxes are worth, at best, $5 each, but we have no idea how to get rid of them in bulk. Suggestions?

Ouch. There are uncirculated notes being offered for as little as $13.50 on Ebay w/ no bids (during the busy holiday shopping season). I can't imagine you'd ever be able to unload them all even selling on Ebay. I can't imagine any reseller is going to buy them from you either given how long it'd take to unload them at little to no profit.

LOL, ouch.

you can't sell these on ebay one by one, they're going for $10-20 each and best case scenario you'll sell 5 a month. not worth your time!

i do have a brilliant idea for you. give someone in Scotland an arbitrage opportunity.

Scottish banks will still accept this as a deposit, yes?

sell the entire lot to someone for $5.50 each and then they can deposit at their bank for $6.22, or however the math works out so that your middle man can make a little cheddar for his time.

Swap them for iraqi dinar and just wait for the big payday!

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.

I would also like to say ouch. I remember my dad remarking to me that his dad had spent a fair amount of money buying coins you used to see in TV commercials about some special limited (to however many they can sell) edition double eagle blah blah 18-karat gold blah blah. I guess he bought a fair amount of them with the idea that they would end up paying for my dad's college tuition some day. I have no idea what ever happened to them—probably just got donated to Salvation Army or something when my grandfather died. My dad paid for his own college tuition.

Anyway, don't feel too bad; happens to fairly smart people. I would just offer them to some 'rare' coins broker for 5.25 apiece or something, and if you can't sell them that way after a couple months, just take them to a bank and invest the money. You're getting gnawed away by inflation every day you let these sit in the basement.

You could wait til Jack Nicklaus dies to sell them. Sometimes events like that cause a short term spike in the price of collectibles. Or you could forge his signature on them and end up with a nice profit.

I have tons of 87-93 unopened, I flipped a lot of it to this place...

https://www.bbcexchange.com/

With or without commemorative folders?

Without

What is RBP? Royal British Pound?

Also, my idea is to just make a vacation out of it. Take a trip to wherever those RBPs don't take an exchange rate hit and cash/deposit/withdraw them. Spend them on the trip.

Might be able to go RBP ---> crypto ---> USD somehow as well.

Think he meant RBS.