Answering Questions about Collecting Paper Money

Paper money collecting is a great hobby for anyone interested in the history of U.S. and worldwide currency, or anyone interested in picking up a hobby that can lead to significant financial returns. Like any hobby, collecting paper money takes time to get good at, but there are some important things you should know upfront to help get your collection efforts off on the right foot. Here are answers to some of the most common questions people have before starting a paper money collection in Rockville, MD.

Q: What are collectible bills worth?
A:
Collectible paper money can range in value depending on lots of different factors, so it’s hard to say exactly how much certain bills are worth. Collectible bills can fetch hundreds of dollars or even hundreds of thousands of dollars at auction depending on age, condition, historical significance, etc.

Q: What are the best bills for a new paper money collector?
A:
With so many different bills to choose from, it’s almost impossible to say which specific currency notes are best for a beginning paper money collector. There also isn’t a rule when it comes to buying your first collectable bill, so you’re free to choose any note that captures your interest and fits in your budget.

Q: Where can I purchase paper money?
A:
There are lots of different sources where you can purchase paper money for your collection. You can buy collectable bills online and at auctions, but it’s preferable to purchase paper money in-person from a reputable dealer. There are a lot of people out there passing off fake bills as the real thing, which is why buying from a dealer is often the safest and smartest route.

If you’re interested in collecting paper money, visit Coins of the Realm. We are Rockville’s premier paper money dealer, and our experts can also help you appraise the value of paper money you might be thinking about purchasing from another collector or online dealer. For additional information about buying or selling paper money, give us a call at (301) 340-1640.

Categories: Collections, Money

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Why Choose Coins of the Realm, Inc.?

  • Free storefront parking providing easy access.
  • Established in 1974 and still under original ownership and management providing decades of expertise in all aspects of buying and selling.
  • Financial Security – Since opening in April of 1974 every transaction of every size has been completed successfully without issue. Bank references available.
  • We provide accurate information in a professional no pressure environment allowing you to make sound decisions to sell, keep or buy collectibles and precious metals.