OK, I am interested in started a collection of bank notes and was wondering if you guys could point me in the right direction. I have collected coins for over a decade now...and I feel its time to expanded into notes. I think I'm going to start off slow...perhaps work on a set of small-sized $2 bills. The $2 bill has always interested me (as its somewhat ignored it in the "real world" it seems). I also like it because it seems like a somewhat smaller set. I know some of the early star notes are somewhat scarce...but I'll worry about those last. Plus, I work at a bank with a supply of $2 bills so I should be able to complete a FRN set pretty easy I would think. I could just buy the US Notes down the road. Plus, at this time I'm more interested in a circulated collection...especially with the red sealed notes. So, I think this is something doable with not a lot of investment. I do have a few questions though. First off, I would like to understand the differences between the US Notes and the FRNs. I understand the differences in the notes themselves...but the differences legally is more what I'm looking for. Also, what is the best way to store a collection. I have heard of mylar pages in notebooks...but does this really provide any protection for the notes (I know this first collection probably won't have much value...but I'd still like to protect it). Finally, what are some good resources I should look in to as I begin this new hobby (books, websites, ect...)? One more thing, does this seem like a good place to start?
Hello and welcome to the paper section... Like coins, find what you are interested in and read before you buy!! Read, Read, Read, Read!!!! RickieB
While you might be focusing on $2's, don't ever pass on the chance to buy any good note at face value as they are so rare. If you end up not wanting to keep it, you can always pass it on to a friend at face value or even worse, spend it.
A FRN is a bank note issued by the Federal Reserve Bank and more specifically, is an obligation of ONLY the Federal Reserve Bank. A US Note (or Legal Tender as they can be referred to as) is a direct obligation of the United States Treasury.
I use Safgard Archival Currency Sleeves which can be found at JP's Corner for $35 for 100. http://www.jpscorner.com/Currency_Supplies_Price_Guides.htm#Safgard
