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?
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?
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?
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
buying or selling paper money, give us a call at (301) 340-1640.