Monday, 21 January 2008

How To Collect Paper Money From Around The World

Collecting world paper money can become very addictive, but if you don't have a system in place, you may get frustrated, cheated or even confused in the process. My collection started off with old left over and forgotten bills read my first paper money discovery story.

Since then I've come some way and would like to share a few pointers with you that will keep all newbie collectors happy and collecting in an enjoyable fashion.

Get a Good World Paper Money Reference Resource

First thing to do is get a copy of Standard Catalog of World Paper Money, Volume 3 edited by George S. Cuhaj. The book would be a collectors first reference point, as it is the most comprehensive catalogue of world paper money. When you go through this collection of world banknote images and information you realise what choices you have, which paper money notes really catch your fancy etc.

Now you may not want or need to get a brand new copy remember this is a reference resource, a second hand copy would do the same job and better still you can spend the savings on actually getting more paper money notes.

Another variation to this suggestion is check out some great websites by various paper money collectors of world banknotes. Here are the websites that I frequently visit.

Ron Wise's World Paper Money
Tom Chao's Paper Money Gallery

The reason why its probably much more advisable to get the catalog is that its more comprehensive and much more importantly it gives you an idea of the price of each note. Now its important to note that the price is really just a suggestion as the marketplace is quite lucid and prices never really stay constant.

Find A Reputable Dealer of World Paper Money

Now that you have an idea of what notes you would like to collect. It's time to start look for a dealer who can help you by supplying your first banknotes. There will be some dealers in your area, your best bet is to find reputable retailers who are listed in your local numismatic clubs as registered dealers or go to the International Paper Money website. The one thing you don't want to do is buy banknotes from a crooked, fraudulent person passing themselves off as genuine. So do be careful and do your research.

Start Your Collection with a Set

Most dealers have special offers of sets of 25, 50, 100 paper money notes. These you can purchase for the $25- $100 per set. This is how I started off my collection. Once you get your first set you can then start building on it, by acquiring more paper money notes referencing the catalog or website gallery.

Related Topics:

Paper Money Collecting is Very Fascinating...

What Kind of Paper Money am I Collecting?

The Different Aspects of Collecting Paper Money

How To Store Your Paper Money Collection

Storage Systems for Paper Money Collectors

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