Home World Banknotes English Banknotes World Coins English Coins Supplies Books
World Mint & Proof Coin Sets Coin/Banknote Covers British Proof Sets Gold Coins Help
Signup for a free newsgroups trial with Giganews!
Banknote Collecting and How to Value
Collecting world paper money let's you travel all around the globe without
leaving
comforts of your home. When you collect world paper money you explore different
cultures, places, countries and continents, get to know many famous people,
learn
about nature, animals, birds, fishes and plants that are plentiful in seven
continents
of our Earth. Collecting world paper money teaches you arts, geography, history,
foreign languages even politics. Paper money collecting is an exciting hobby
which
many thousands of people all over the world enjoy so much. If you are new to
this
beautiful hobby I hope this web site of mine will teach you how to collect, what
to
collect and how to enjoy it.
People started systematically collecting paper and plastic bank notes quite
recently.
Although collecting of paper money was going on for a long time, but that was
done
only on a very small scale. Only in late 1950's paper money collecting became
more
of a global phenomenon. By 1920's paper money began to be issued by
significantly
more countries around the world and in early 1960's practically the whole world
was
using paper money for buy or sell transactions between people, businesses etc.
As
a result more and more people started collecting paper money.
Prices and value of paper money grows steadily and better notes now
bring much higher prices than before making an idea of investing in banknotes.
Ways to collect Banknotes
You can start collecting topical notes such as those featuring famous people
(scientists, writers, poets, politicians etc.), animals, fishes, birds, sailing
ships,
boats, cars, trains, planets, poetry, buildings, dams, rivers, mountains, views
of
nature in general, kings, queens, presidents and many many other topics already.
featured on banknotes of the world issued all across the globe up to date.
Another way of assembling a meaningful collection is to use historical context
as
your main criterion. For example you may decide to focus on collecting pre-WWII
notes only. Or start a collection of World War II era notes such as
occupational,
prisoner-of-war, propaganda, emergency, local issues.
Also you may want to limit yourself to collecting paper money of the country you
live in or were born in. You may want to collect all banknotes of a certain
continent,
or all notes of a certain group of countries, for example: Middle-East (covers
Asia, Africa and even Europe)
or you may choose to collect banknotes of
countries that
belong to NATO or Ex-Soviet Countries.
Have you noticed that two banknotes which appear to be similar can have
two different
dates or signatures on them? There are notes that look similar, but were printed
by
different printers. Surely almost every note has a different serial number.
You may want to start or advance your banknote collecting into collecting notes by:
Topic (birds, nudes, sailing ships, famous people,
views, militaria etc.)
Time period (WWII, 20th century, only notes dated 2000 etc.)
Country (your native or favourite country)
City (city that issued the note, that applies to local issues)
Continent (Africa, Europe, Antarctica etc.)
Features on a note (holograms, security insertion strips)
Material used (paper, plastic, mylar, cloth etc.)
Signatures (there are so many varieties)
Serial numbers (111111 or 000001 or 123321 or specimens 000000 etc.)
Name of Printer (company or government who printed the note)
Size (collect only large size notes or notes that don't exceed certain size
etc.)
Condition/grade (collect only Uncirculated or only circulated notes etc.)
Science (collect notes that feature biologists, astronomy, engineering etc.)
Value of Banknotes
Novice collectors
often believe that the Standard Catalog of World
Paper Money represents the last word on
banknote values. Experienced collectors and dealers know better. While the
various catalogues are invaluable
guides (I recommend them for all serious collectors), they are not the
definitive word on pricing.
The catalogue and market values for notes often differ for many reasons:
Out-of-date:
Each catalogue takes months--if not years--to produce, and by the time of
publication, Conflict-of-interest: The "values" listed in
the catalogues are obtained by surveying a small group of dealers and Estimates: Even if you give the catalogue contributors
the benefit of the doubt and assume they're all doing their Unrealistic: Modern issues are often valued at an
unrealistically small mark-up to their current exchange rate. Incomplete: As collectors who specialize in particular
notes will confirm, there can be dramatic differences in the Inaccurate: Every catalogue edition has been riddled
with egregious errors, such as missing notes, incorrect Rarity: Collectible banknotes are not commodities
readily available on a retail market at a fixed price.
much of the information contained therein is already outdated.
Furthermore,
listings for most notes are unchanged from one edition to another.
collectors, some of whom may purposefully undervalue notes so that they can
replenish their inventories
inexpensively, and others who may overvalue notes they intend to sell.
best to provide honest values, the fact remains that they are not reporting
actual sales,
but rather simply providing estimates of the value of notes that they may
not have handled or sold in years, if ever.
Since dealers must pay their sources a premium for uncirculated notes, absorb
the carrying cost of inventory,
and try to make a profit, a good rule of thumb is to price modern issues at
twice current exchange rates.
market values of various signature combinations and/or dates,
but often the catalogue doesn't distinguish between these varieties.
images, and unlisted date/signature varieties. With such a dubious track record,
how much confidence can you
place in published values, especially those which inexplicably rise or fall from
one edition to the next?
True rarities may come on the market only once in a lifetime,
and even so-called "common" notes are often impossible to find at any
price.
So the next time you
find a note selling above or below the catalogue "value," keep the
above points in mind
before you assume you're being ripped off or are getting a bargain
PRICE LIST OF WORLD BANK NOTES FOR SALE
ALPHABETICAL LISTING OF
COUNTRIES:
(click on a letter
below for a certain country)
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
New to collecting Paper Money ? Click Here
PRICE LIST OF WORLD COINS FOR SALE
ALPHABETICAL LISTING OF
COUNTRIES:
(click on a letter
below for a certain country)
A
B C D
E F G
H I J
K L M
N O P Q R S T
U V W X
Y Z
Gold Coins Tokens &
Medals
Glossary Site Map Grading Checkout Currency Converter Abbreviations Faq Special Offers Contact Details Links World Proof Coin Sets Privacy Statement Coin/Banknote Covers Terms Domains Guaranteed