posted on Apr, 13 2003 @ 06:00 PM
Iraqi Currency Hot on EBay
By Joanna Glasner
02:00 AM Apr. 10, 2003 PT
The Iraqi dinar -- a currency so hyper-inflated as to be virtually worthless in the real world -- is gaining fresh value among collectors.
In the three weeks since the start of war in Iraq, sellers of bank notes have seen a surge in demand from collectors for currency containing images of
On websites of currency dealers and on eBay, merchants say prices, particularly for higher-denomination bank notes, have increased appreciably even as
the actual buying power of the dinar continues to decline.
George Lindgren, who sells bank notes on eBay, calls it the Saddam dinar bubble.
"The day I saw President Bush announce they would be sending in the troops, the bids on my dinars went ballistic," said Lindgren, who runs multiple
auctions each day on eBay. Over the last three weeks, Lindgren said he has been receiving more than 1,000 dinar-related e-mails a day and has slept no
more than a few hours each night.