I was thinking about this the other day. I have a collection that varies in everyway. I have some coins,( foreign and US ), and I also have paper money ( foreign and US ) I have a little silver but I dont own any gold. I think soon Im going to start concentrating on paper money. But my question is........is it better to have an example of a certain note or coin, or only stick to high end grades and wait till you save enough money for that particular note or coin???? I dont have a hugh collection but I do have a lot of odds and ends. If I had to sell it I would deff get some money back needless to say all my stuff isnt uncirculated, or even epq. Right now Im in the market for a 500 and 1000 dollar bill. Should I A: buy the lowest grade I can find just to say I have one B: Buy a slightly better grade for each which is going to hurt my pocket, or C: just concentrate on either buying a really nice 500 dollar bill or a decent 1000 bill?
If you can get one for close to face value you can't go wrong. It will never be worth less than $500 or 1,000, not counting inflation. BUT, buying problem free highly desired specimens is a much better route. High quality pieces tend to beat inflation in the long run. A small collection of awesome currency is much better than a bunch of junk, IMHO. Good luck.
