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Newbie needs advise. What to look out for when buying paper?
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<p>[QUOTE="Dave M, post: 1838019, member: 17469"]Good question <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Quality, quality, quality, especially if you have any thoughts of this collection being an investment. If you just want to "add bulk" to the collection quickly, you may regret it down the road.</p><p><br /></p><p>How do you know quality? Two ways. Option 1 is to buy slabbed notes, trusting and paying someone else to give you the info. Option 2 is to learn to grade the notes yourself. I vote for Option 2, but many folks go the other route. Learn the grading standards that are relevant for your collection (looks like US material, so the standards published by PMG and PCGS are appropriate), and look at your existing collection with a critical eye against the standard. Banknote collectors are very picky, so a "fold" or "bend" or "cut" or "pen mark" or "stain" or any other flaw are crucial to the grade, and "exist" even if you think they are small or minor at this point. A note must be held in hand, against light, smelled, flipped around, to determine grade.</p><p><br /></p><p>Ask questions here if you need help, but learn before you buy...</p><p><br /></p><p>Dave[/QUOTE]</p><p><br /></p>
[QUOTE="Dave M, post: 1838019, member: 17469"]Good question :) Quality, quality, quality, especially if you have any thoughts of this collection being an investment. If you just want to "add bulk" to the collection quickly, you may regret it down the road. How do you know quality? Two ways. Option 1 is to buy slabbed notes, trusting and paying someone else to give you the info. Option 2 is to learn to grade the notes yourself. I vote for Option 2, but many folks go the other route. Learn the grading standards that are relevant for your collection (looks like US material, so the standards published by PMG and PCGS are appropriate), and look at your existing collection with a critical eye against the standard. Banknote collectors are very picky, so a "fold" or "bend" or "cut" or "pen mark" or "stain" or any other flaw are crucial to the grade, and "exist" even if you think they are small or minor at this point. A note must be held in hand, against light, smelled, flipped around, to determine grade. Ask questions here if you need help, but learn before you buy... Dave[/QUOTE]
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