Gold and Coin Articles

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Paper Money

Paper money is often collected by people who set aside the currency thinking that with age, it will be worth something in the future. While this may be true for some bills, as a general rule, this is not the case. For example, a large sized note from the early 1900's is generally worth more than a Confederate note from the Civil War.

So, what makes paper money valuable if not age?

There are many factors to take into account when valuing money, and yes, antiquity does sometimes play a factor. But, most paper money has value due to it's scarcity, demand, and condition. Some of the most popular paper monies are Large Size Silver Certificates and Legal Tender Notes.

If you are interested in collecting paper money, it is in your best interest to familiarize yourself with what to look for. A great tool to get you started is Collecting Paper Money by Colin Narbeth. It would also be helpful to pick up a guidebook of current values. Several authors put out a new guidebook every year so as to keep the values as current as possible.

Our last tip for puchasing paper money is to buy from a dealer that you trust or has been recommended to you by another collector. Fakes are easy to come by, but the chances lessen when you purchase from a dealer of good repute.

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