I'm a teller at a bank. I saw an eBay that you can sell an uncirculated pack of $100 worth of one dollar bills for roughly $120. If we ordered a brand new pack of them and I sold it on eBay could I say it was uncirculated because it came straight from the Federal Reserve and has not been given to the public? Also are there any laws against this that could get me in trouble?
Copyright © 2024 Q2A.ES - All rights reserved.
Answers & Comments
Verified answer
No, there aren't any "laws", but there are specifics in the hobby about what "uncirculated" means.
For a bill to be "uncirculated", it must have no wear or folds. It doesn't matter where it came from, it doesn't matter how many people have owned it.
If you take a pack of notes straight from the shipment and fold them, they're not uncirculated. A pack of notes printed in the late 1920's that's been owned by 100 different people, but none of the notes have folds or wear, is uncirculated