People all over the globe collect currency, some as an investment for their retirement, some collect as a glimpse into the past and to pass along to generations to come and some like to collect because it tells a story of their travels. Whatever the reason is, collecting currency can be a fun hobby and rewarding, if, you know what you are doing. There are many different types of currency collections that you can start but here are just a few: Large-size types, lower denominations: A collection of $1, $2 and $5 values. Interesting serial numbers: Low serial numbers such as 00000001, 00001429, 000016776, and others sell for a premium. Another example is a "radar" note, which is currency with the same serial number forward and backward, such as 12344321 or 44888844. Star notes: When a note is found defective after printing, it is replaced with a star note. On federal reserve notes, the star is after the serial number, while on all other issues, the star comes before. Currency errors: All sorts of interesting errors and misprints exist, such as a double denomination, such as a $10 printed on one side and a $5 written on the other. (The serial numbers were blurred a bit.) Before going out and purchasing currency, be sure to know all of your facts. Some dealers may try to overcharge, while others do not. To determine what you should be paying for currency, you will need to know the grading system. To determine what you should be paying for a note, you can look in The Official Red Book, or similar books. You can also check auction sites such as ebay.
Grade | Numeric rating | Description
Gem Uncirculated | Unc-65 | A note that is flawless.
Choice Uncirculated | Unc-63 | Almost as nice as Gem Uncirculated,
but not quite there.
Uncirculated | Unc-60 | Retains its original crispness.
It may show signs of improper handling.
About Uncirculated | AU-50, AU-55 and AU-58 | Appears new but
shows very slight signs of use.
Extremely Fine | EF-40 and EF-45 | Shows some faint evidence of circulation.
Very Fine | VF-20, VF-25, VF-30 and VF-35 | A note that has been
in circulation, but not for long.
Fine | F-12 and F-15 | A note that shows much evidence of circulation.
Very Good | VG-8 and VG-10 | A note that shows considerable wear
Good | G-4 | A note that is badly worn.
After you have purchased your new collection, it needs to be handled properly in order to prevent damage of the note(s). Try to avoid any direct contact with the currency. Whenever handling it , be sure to wear cotton gloves, and do not bend the currency.
It is best to store currency inside a currency "sleeve" which you can purchase from a local currency dealer. Be sure to keep your currency in a dry place to prevent a build up of moisture.
BP Collectibles has an impressive collection of rare and interesting notes and coins to select from. Call us for more information about notes ar coins you are looking for.