I’m interested in collecting currency from all countries and periods. I am not looking at it as an investment (yet), but as a hobby and a learning experience.
I recently went to a flea market and had several good finds. I just need general tips, such as what to look for in a bill and what I should be willing to pay, on average. I know to look for bills that are as close to uncirculated, but do you have any other tips for a beginner, or a good site I could reference?
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted
on Tuesday, March 9th, 2010 at 5:16 am and is filed under Currency Trading.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
March 9th, 2010 at 5:16 am
The general rule to collecting numismatic items (coins,paper money,medals or tokens) is to always buy the book before the item. You would get much more info from what are called PICK’s books. The numbers for world currency all have numbers beginning with a P. The books are now put out by Krause publications and are called Standard Catalogs of World Paper Money. There are 3 #1 is 1368-1960, #2 is Specialized issues to 1960 (example Philippine Guerrilla currency of world war II) and the #3 book is currency from 1961 to date. The catalogs may be at your library or you can get them from Krause publications (they have a web site). There is a lot of info in the books including varieties and prices as well as grading. A good buy is when you get a rare variety for the price of a common one. Numismatics is still a hobby of reference books even though it now going slowly into the electronic age. 2 of the books are available on CD or DVD at lower prices than the books, see Krause on that. Hope this helps.