I have been collecting coins for quite a while andam thinking about branching out into the world of papre currency. What do I need to know? Any special things to look for? Where do you find your currency? All help appreciated. Ray (Sweet Wheatz)
well first ray welcome to the land of currency collecting. first off you should decide if you want to go with world or us currency. say for instance you want to do us notes. you have small sized and large sized notes. the large sized notes are the older of the 2 and are generally more expensive. small sized notes cover 1928 to present. it is usually less expensive because there are more notes available plus you can pull notes from circulation which is awesome because you pay face value. for me i am focused on small sized notes from the Chicago federal reserve. rickieB collects notes from new york. along with tons of large sized notes there are plenty of books out there. Standard Guide to Small-Size U.S. Paper Money - 1928-Date is a great resource. you can get it from amazon. i believe they now have a pre order for the newest edition. the 8th edition is out now. they also have books for world notes as well. hope this info helps. good luck on your quest
Welcome Ray.... As Urban mentioned there are several areas to investigate. The only thing I will add it that you should first study and determine what you are interested in. Even some Small Size notes can get quite expensive and that goes w/o saying for Large Size. I would get a subscription to Banknote Reporter and the Guide Book to US Currency (Currency Red Book) or the Comprehensive Catalog of U.S. Paper Money is in my opinion the better book but will run you $30 Create a plan and stick to it... Ohh get a second job cuz when you start buying notes the fever is a rapid one! Make sure to post images of what you get... We can also use another collector who collects a Fed Bank other than Chicago and New York...LOL Good luck! RickieB
Though I love coins, I get more and more into the paper collecting. I just started getting star notes and have collected 19 already, all at face value. To start, I'm doing a type collection (like a dansco 7070) of paper. I got notebook slips with 4 slots for small bills, and have a page of four different styles of 5s 10s (currently only have 3 and will be buying a 1934 soon) and 20s. I have a modest number of red seal 2s and a number of 1s. I don't have any funnybacks, and will be getting that as well. I do have some large notes too, and like them more but I'm on a budget. So, in the end, my collection will be modest, but I love seeing the different types. When done I'll branch out and do some more. Good luck.
Aaron Feldman's Advice Buy the book before you buy the coin. -- Aaron Feldman. That applies to paper money, as well. I do not collect paper money and I nonetheless have five standard references, two for US and three for world, in addition to the usual catalogs, I have The Money Makers Internation and The Art of Money. The recommendation of Bank Note Reporter is not to be taken lightly. Join SPMC -- Society of Paper Money Collectors. Word of advice. Michele Orzano, the paper money editor of Coin World once told me that every error can be faked with a pencil and an eraser. I was astounded. "Really?" I prompted her. She just shrugged. "It's what they say," she said. So, be careful. They also say, "If you don't know your coins, know your dealer." That goes for paper, as well. Do you know the names of the leading, reputable dealers, the ones who employ the experts who write the books and articles? ... or do you expect to "win" (ahem) auctions on eBay?
I would look up proxibid coin auctions and in the search box type in coins so you get all the auctions and go through them and you will find alot of currency to. Give it a try you might find some your looking for after your research. Bob
