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¥100 mil in old banknotes donated to Ehime prefectural gov't

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Yeah..... those grand kids of mine.... don't deserve a dime!

0 ( +0 / -0 )

@MichealGrant is correct. When the banknotes are pulled apart, the amount of money the bank will redeem depends on how much of the note remains. 100% for anything above two thirds, 50% for over one third, and 25% for over a quarter - irrespective of whether or not the serial number remains.

Wow, that's crazy. In the US, as long as you have more than half the bill, you will get a full replacement.

0 ( +0 / -0 )

Someone must have passed away and the family donated the bills rather than face questions

-1 ( +0 / -1 )

i wonder if there is a connection with the 300million yen robbery that went unsolved from the end of the 60's

-1 ( +0 / -1 )

So much money, if given to me, I will help as much disadvantage children as I can. This person must be full of guilt . I think it is a gift before his or her parting from the human world. Pls use the money wisely.

0 ( +1 / -1 )

@MichealGrant is correct. When the banknotes are pulled apart, the amount of money the bank will redeem depends on how much of the note remains. 100% for anything above two thirds, 50% for over one third, and 25% for over a quarter - irrespective of whether or not the serial number remains.

1 ( +1 / -0 )

It could of been someone or a number of people who saved their money. There are stories finding money after people who have passed away. Then a large amount of money is found.

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The more faded ones may only fetch 50% or 25% of face value.

well if theyre legal currency why would somebody sell an old 10,000yen note for 5000yen or 2500yen thats just palin stupidity, better to send it back to the bank of Japan and have them exchange for new notes with the same face value. currency that cant be verified as legitamate is only worth the paper its printed on , which isnt much.

2 ( +3 / -1 )

@Michael Grant

10,000 yen notes going back as far as those featuring Shotoko Taishi are still legal tender, and those are many years older that notes with Fukuzawa. If the note is badly damaged and/or faded the bank will replace it. In any case they would never be worth less than face value.

3 ( +4 / -1 )

Dirty money being put to good use.

-3 ( +1 / -4 )

The bills are not old as in ancient, they are Fukuzawa Yukichis. The more faded ones may only fetch 50% or 25% of face value.

-2 ( +1 / -3 )

This is a nice heart warming story.

5 ( +5 / -0 )

Lovely story. Hope it's put to good use, indeed.

3 ( +3 / -0 )

How was it "delivered"? In person? By post? By courier?

was delivered by a parcel delivery company to the prefectural government office

1 ( +1 / -0 )

God bless the donor. Great to read good news stories like this.

9 ( +9 / -0 )

How was it "delivered"? In person? By post? By courier?

0 ( +0 / -0 )

Do they have to pay tax on it?

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If they are truly "old" rather than just "worn", it might be an even better idea to sell them to collectors at a premium. If someone might pay Y11,000 for a Y10,000 bill from 50 years ago, that's even more money that can be put toward the people's welfare.

God bless this anonymous donor!

12 ( +12 / -0 )

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