Thread: Exchanging Currency
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08-20-13 17:51 #1113
Posts: 188Coins- I have noticed in the past few weeks several Chinese grocery stores and Chinese buffets offering to buy coins at a 5% to 7% premium. Any ideas on why this is happening as I haven't seen a coin shortage anywhere?
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08-19-13 22:30 #1112
Posts: 14Originally Posted by AllIWantIsLove [View Original Post]
Now there are restaurants that accept dollars at black market rate but the one I went La Estancia was only giving 7.5 to pay for your meal.
I just got back from BA this weekend and at 8.7 it made this trip very affordable.
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08-18-13 22:25 #1111
Posts: 746Mack Dad,
I know next to nothing about bitcoin but I thought it was entirely digital and online. I don't understand how there is anything to see?
And ... What does it mean "to roll thru a cave and change out my Benjamins"? I get that Benjamins are $100 US bills. It's the "roll thru a cave" part that I don't get.
Thanks, Bob.
Originally Posted by MackDad [View Original Post]
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08-18-13 18:24 #1110
Posts: 577Bill Denomination
If you have the ability, you should deal with clean, crisp 100 dollar bills. The newer, the better. That is true in most of the world, not just Argentina.
Tres3.
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08-18-13 18:08 #1109
Posts: 119Originally Posted by Thomaso276 [View Original Post]
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08-18-13 17:32 #1108
Posts: 995Originally Posted by DaddyRulz [View Original Post]
I had a problem with ATM years ao and learned that the machines are operated independently from the bank itself. Look at ATM for the name of the company (IE Banelco I think) and a phone number to make a complaint. The bank that houses the machine will not take responsibility.
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08-18-13 15:55 #1107
Posts: 2808That happened to me once as well
Originally Posted by MackDad [View Original Post]
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08-18-13 10:51 #1106
Posts: 14Rate
The max rate is given for large bills. You show up with less then Benjamin's the rate drops. They are all over Florida and most of them are business's that are buying as many dollars as possible. I also saw people trading bit coins in the alleys for pesos. I was here back in March and was very Leary in dealing with back alley conversations. I went to a galithic bank atm Saturday night to make a 500 peso with draw. One of those bills was fake. I was so mad I got stuck with a bad bill. So I decided on this trip to roll thru a cave and change out my Benjamin's. It worked.
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08-17-13 17:51 #1105
Posts: 416Originally Posted by DaddyRulz [View Original Post]
;-)
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08-17-13 17:06 #1104
Posts: 577Seller's Remorse
Originally Posted by HiLife [View Original Post]
Tres3.
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08-17-13 16:59 #1103
Posts: 751Originally Posted by HiLife [View Original Post]
This guy is having a hard time understanding because he is obviously dealing with outdated / inaccurate information. Unfortunately the Ambito website no longer accurately reflects the true cueva prices. The actual buy / sell spread at Friday's close was 8.70/8.95.
Suerte,
Rock Harders.
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08-17-13 16:58 #1102
Posts: 911Where I change in Moreno is a established currency exchange. Small, but there is not a lot of business here. His normal price the other day was 8.60. When I complained he gave me 8.70. I have been dealing with them for more then ten years. Sometimes they pay more then in the city, other times less. I think it depends on how badly they need the dollars.
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08-17-13 16:51 #1101
Posts: 91......................
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08-17-13 16:43 #1100
Posts: 2556
Venues: 398Originally Posted by HiLife [View Original Post]
I don't know if you could exchange amounts of less than $1,000 USD, but I doubt it. It's a private brokerage, not really a retail exchange. I know my friend has never exchanged anything less than $1 k, and generally more than that.
Thanks,
Jax.
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08-17-13 16:42 #1099
Posts: 4I have to ask
Was there something else involved in that exchange at 8.70? That's not a straight deal, could have been other things involved in that deal? Or were all the notes good? Could you change $1000 or more at this rate or only small amounts? Did you have to buy something too? You can go to the Apple store and they will give you 7.00 if you buy a Mac from them!
It's like a 27% FX uplift on a 60% product markup. You tell me, whose getting the deal here?