How To Determine Collectible Currency Values
How To Determine Collectible Currency Values
Numismatists are often mistakenly thought to be collectors of
only coins. In reality, the broad discipline of numismatics
encompasses a broad study of money in general, including
paper currency. Veteran hobbyists in this field understand
that there are many factors that determine collectible
currency values.
For starters, the year of printing matters for each note.
Each note of currency will bear at least one printing of a
year. The year is known as the series, meaning when the
currency was printed, not necessarily when it began
circulation. A good example of this is the 1935 U. S. Silver
certificate series. First printed in 1935, the series was
printed the same way through 1956.
A better way to gauge paper money's age is to determine what
signatures are printed on the currency. These will be the
signatures of the federal officers in charge of the treasury
and mint, when the notes were actually printed. Dating these
signatures will date the real age of the currency.
Another misconception is that collectible currency values
increase with age. The corollary to this is the mistaken
idea that a note's value increases if it's "in great shape
for its age". Collectors place no stock in currency's age.
All that matters is its rarity. For instance, experts know
that thousands of 19th century currency notes exist that are
in perfect, un-circulated condition. However, since there are
so many of these notes, neither their age nor their perfect
condition carries much weight. In this instance, rarity and
survival rates rather than age or condition would be the
determining factors in the currency's value.
Many people unfamiliar with the hobby of collecting money
also are confused about the role that a note's condition
plays in currency collectible values. Grading the value of
paper money is quite complicated, far more than the common
assessment that "everything is readable" on the note. A note
with unreadable printing would have no value as a collectible
under any circumstances, because it would be impossible to
determine its rarity, survival rate, series number and so
on.
Novices in money collecting can't be expected to
understanding the intricate classifications of paper money.
However, rather than using vague terms, it's better to
examine each note for such things as creases, folds,
pinholes and torn or ragged corners and describe them
accurately to buyers and collectors. For optimum value,
paper money should be stored in plastic sleeves and keep in
an environment with temperature control.
Ultimately, there is one certain truth in determining
collectible currency values: No note will ever be any rarer
than it was when it was first printed. In other words,
holding onto a note for a long time doesn't make its value
increase if it wasn't rare at the beginning.
How To Determine Collectible Currency Values
By: mr dms
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