Advice requested: Old Currency Collection Found, What to do?
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6 posts in this topic

Hello Everyone,

 

My Name is Shawn, I am usually posting on the coin boards however I was hoping to get some advice from some paper money experts out there.

I have recently rediscovered a Large collection of Old US paper money, that I forget I had since childhood about age 10 tucked away in a saftey deposit box I have had for as long as I can remember. Well after digging through what I had, I found lots of these 3 and 4 sleeve plastic storage sheets of Old US curency.

 

What I am looking for is the following:

1. What is the best way to go about identifing each piece I have, what are some good sources to go to for information?

2. What is the best way to store this paper money collection?

3. Should I submit some, all or none of these items to PMG for certification?

4. What is a good rule of thumb to determine what to submit and what not to submit? I have about 75-100 different pieces of currency.

4. What sources can I find to help determine some sort of price guide?

 

I am honestly lost here, I really know very little about paper money, other then they look really cool, which is probably why I bought them back then.

 

Here are some links to some sample scans of some of the currency in this collection. The collection totals 30 plastic sheets, with more $1, 5$ and 10$ in various conditions, so these are a sampling of the whole collection.

 

http://www.geocities.com/skiser_2000/currency/Sheet1.jpg

http://www.geocities.com/skiser_2000/currency/Sheet2.jpg

http://www.geocities.com/skiser_2000/currency/sheet3.jpg

http://www.geocities.com/skiser_2000/currency/sheet4.jpg

http://www.geocities.com/skiser_2000/currency/Sheet5.jpg

http://www.geocities.com/skiser_2000/currency/Sheet6.jpg

http://www.geocities.com/skiser_2000/currency/Sheet7.jpg

http://www.geocities.com/skiser_2000/currency/Sheet8.jpg

 

Any information you have about the scans, or about where I can find more information would be greatly appreciated.

 

Thanks again for your time

Shawn

 

Edited by Mergula
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Hello Everyone,

 

My Name is Shawn, I am usually posting on the coin boards however I was hoping to get some advice from some paper money experts out there.

I have recently rediscovered a Large collection of Old US paper money, that I forget I had since childhood about age 10 tucked away in a saftey deposit box I have had for as long as I can remember. Well after digging through what I had, I found lots of these 3 and 4 sleeve plastic storage sheets of Old US curency.

 

What I am looking for is the following:

1. What is the best way to go about identifing each piece I have, what are some good sources to go to for information?

2. What is the best way to store this paper money collection?

3. Should I submit some, all or none of these items to PMG for certification?

4. What is a good rule of thumb to determine what to submit and what not to submit? I have about 75-100 different pieces of currency.

4. What sources can I find to help determine some sort of price guide?

 

I am honestly lost here, I really know very little about paper money, other then they look really cool, which is probably why I bought them back then.

 

Here are some links to some sample scans of some of the currency in this collection. The collection totals 30 plastic sheets, with more $1, 5$ and 10$ in various conditions, so these are a sampling of the whole collection.

 

http://www.geocities.com/skiser_2000/currency/Sheet1.jpg

http://www.geocities.com/skiser_2000/currency/Sheet2.jpg

http://www.geocities.com/skiser_2000/currency/Sheet3.jpg

http://www.geocities.com/skiser_2000/currency/Sheet4.jpg

http://www.geocities.com/skiser_2000/currency/Sheet5.jpg

http://www.geocities.com/skiser_2000/currency/Sheet6.jpg

http://www.geocities.com/skiser_2000/currency/Sheet7.jpg

http://www.geocities.com/skiser_2000/currency/Sheet8.jpg

 

Any information you have about the scans, or about where I can find more information would be greatly appreciated.

 

Thanks again for your time

Shawn

That is amazing, you purchased them when you were 10 years old and you forgot you had them.

I’m not a paper person myself however I’m sure someone will come along with some answers for you. I must warn you; this currency forum is mostly slow going.

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Stan,

 

I am in no hurry, I want to make sure I get these identified correctly, and that I learn all I can about this nice collection I bought so long ago. I will just be patient, i understand I takes time to figure all this stuff out.

I should probably clarify, I didn't forget I had them, I just forgot what I had in the collection, and so I just left it alone in the bank deposit box all this time.

 

Thanks for the advice,

Shawn

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Nice collection!!!

 

The links to sheets 3&4 weren't working for me, but as for the rest there are some mighty fine pieces there. I am not very informed on the small size notes, though it looks like you have a $10 North Africa silver cert that will probably bring a good price.

 

As for the large size notes:

 

$10 Bison: Fr. 122 fairly common, but extremely popular type!

$20 Large Size National: A good note, but a lot of this depends on the rarity of the issuing bank, and for that I have little information.

$1 Educational: Fr. 224, again a hugely popular type note!

$1 Black Eagle: Fr. 236, fairly common but a popular type note.

$1 Legal Tender: Fr. 37, fairly common.

$2 FRBN: Fr. 752, extremely popular type note with the battleship design

$5 Indian: Fr. 281, fairly common but extremely popular type note!

$5 FRN: Fr. 851, a fairly common note.

 

If you want an idea on values, you might check the Heritage on-line prices realized archive, you can search there by Friedberg number and look for comparable notes. None of the large size seem to be in stellar condition, however there are a few of them that would be worth more than $500 each, so it might be worth it to have them graded, but that's more a judgement call. If you are not planning on selling them right away, I would leave them alone. And just make sure the sleeves you are using do not contain PVC, that is harmful to notes just like coins. Hope this helps!

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Shawn I collect currency and consider myself fairy astute.

 

Let me know if I can help out. I also have coins to trade for currency if your interested.

 

Brian

Edited by BRIAN339
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