Thinking about collecting paper currency

Discussion in 'Paper Money' started by howboutatrade, Jan 9, 2011.

  1. howboutatrade

    howboutatrade Active Member

    I have not started any paper currency collections and am playing with the idea. First, if I have coin and currency sets as part of my coin collection, are the paper currency pieces just for show or is there collector value? Could any of these be a basis for the start of a collection. Opinions please.
     
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  3. SteveInTampa

    SteveInTampa Always Learning

    Could you either post photos, or give the currency DATE, DENOMINATION and COMPLETE serial number ?
     
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    My first question would be what kind of paper do you plan on collecting? and would this be more
    Along the lines of a hobby or investment?
     
  5. Dave M

    Dave M Francophiliac

    All of us in this forum are collecting paper money, so hopefully the answer to "could any of these be a basis for the start of a collection" is a resounding YES!

    And also yes, as to "collector value", that's exactly how paper money is bought and sold. Collectors determine value via years of selling prices, the more desirable notes go up in value, etc. Just like coins, baseball cards, or any other collectible.

    It's definitely a great hobby, full of interesting things to learn, and of course many ways to spend your hard-earned cash.

    Dave
     
  6. krispy

    krispy krispy

    Welcome to CT and to potentially becoming a paper collector.

    I've collected coins for many years and always seemed to pick up and hold onto odd pieces of currency here and there. Some were passed down from family, others I found in circulation, but there was always something lingering in my interests for paper. Within the past year or so, I've really taken to learning about and collecting paper money. It is an often overlooked side of numismatics by many who only collect coins, but there is a rich history and vibrant market for paper currency.

    For some inspiration have a look at this recent and active CT thread where members are playing a currency game of sorts, sharing notes from all eras and all over the world:

    Follow the Lead Picture Post-Currency

    I implore you to go back through the Paper Money threads on CT and look at some of the great things people collect and discuss in terms of paper money. Spend some time getting inspired here and keep looking at your paper money and finding questions about them that you want to find answers for. Don't hesitate to ask us or look in the threads for questions already answered. Paper Money is every bit as addictive and thrilling to search for and collect as are coins.

    Again, welcome and I hope to be seeing more of your current paper collection and interests to come. :smile

    If you need to post photos, consider registering a free account with Photobucket.com. They allow a lot of free storage space, have Apps for mobile devices and remote uploads and are the server of choice for many on CT posting images. If you have a scanner, that often works best for imaging notes (except for some newer notes with security features embedded) but camera photos can work well enough too. Even some cell phone cameras are decent enough to get you started posting pics. Give it a try...
     
  7. howboutatrade

    howboutatrade Active Member

    Is this a start of a collection....or just some pretty paper??

    1997 Coin Currency 1 Bill Obverse.jpg 1997 Coin Currency 1 Bill Reverse.jpg IMG_1721.jpg 2001 Coin Currency 5 Cert Obverse.jpg
    [​IMG]
    [​IMG]
     
  8. howboutatrade

    howboutatrade Active Member

    Is this a start of a collection....or just some pretty paper?? (cont'd)

    1994 Coin Currency 2 Bill Obverse.jpg 1994 Coin Currency 2 Bill Reverse.jpg
     
  9. thaivic

    thaivic Junior Member

    I too started with coins and then like other posters the notes just started creeping in. I think I now have a half decent collection of notes to compliment my coin collection.
    It's nice to track the changes over the years for some countries. Changes in denominations or transfer from coins to paper and vice-versa (just look at Brazil over the years).
    I've never really been interested in the "value" of my collection. I wouldn't have a clue how much I would get if I ever sold it (yeah right, like that's ever gonna happen).
    At the end of the day it's entirely up to you whether you stick with just one country or all. Just enjoy.
     
  10. howboutatrade

    howboutatrade Active Member

    These are all sealed...I have no idea if they are unique, common, keys to a series, or anything. Looking for knowledge.
     
  11. krispy

    krispy krispy

    The $1 and $2 are real notes but he $5 and $10 are replicas of very famous notes. Notice that the $1 and $2 both have serial numbers but the $5 and $10 do not. The $10 is even stamped SPECIMEN over the red seal. The $5 and $10 are notes which are quite expensive classic US currency in great part because of their designs with iconography of buffalo and Indian portraits. Here are two BEP Souvenir Cards that help explain these designs:

    [​IMG]

    [​IMG]


    There is nothing wrong with owning replica's of these notes so long as you are aware that is what they are and they are legitimately bought as replicas.
     
  12. Zeplyn

    Zeplyn Dry Ink Seldom Smears

    So whats holding you back?

    That $5 and $10 above is really something beautiful.
     
  13. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    I would try obsolete bank notes. You can get them for less than 10 bucks if your lucky on up.
     
  14. SteveInTampa

    SteveInTampa Always Learning

    Collecting paper money HAS become my favorite hobby.
    I collected coins for over 10 years, and also enjoyed that hobby, but not nearly as much as paper currency. Unlike coins, paper currency has more room/space for design, and paper currency also has the added personality of a SERIAL NUMBER. Both coins & currency have denominations, dates, mint marks/districts, and CONDITION, but currency alone has that added ingredient, and in some instances can become "fancy", and/or meaningfull (birthyear & lucky numbers).

    The other hobby, that I enjoyed almost as much as currency, was collecting metal lunchboxes/thermos's because of the nostalgic factor. But sometimes while competing with other lunchbox collectors, some of the examples crossed over to the "entertainment" collectors, and drove up prices on highly sought-after pieces.......

    [​IMG]

    Whatever you decide to collect.....have fun and enjoy the new friends.
     
  15. krispy

    krispy krispy

    How about some examples of those notes. It may be inspirational and give some context for the OP and others.

    Obsolete presentation
     
  16. SNDMN59

    SNDMN59 New Member

    I also made a post about two silver certificates that were gave gave to me

    I received a fast response about them

    Im thinking about collecting paper money also

    I bought a book called - 26th Edition Stanard Catalog of

    UNITED STATES PAPER MONEY

    It has great color pictures with values , been studying it in my spare time

    Just enjoy yourself
     
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