NORCROSS, GA, May 14, 2013 /24-7PressRelease/ -- While searching through your grandfather's attic, you came across a trunk with some old money inside. You have no idea where to start in figuring out an approximate value on the bills.
Do Your Homework
Like many of us, your first instinct would be to sit down at your computer and see if you can find some helpful information online. There are several companies that buy old money that offer value guides on their web sites. Visit a few of them to get a general value. These guides can be very helpful, but remember that the values also depend on the condition of the bill and fluctuations in the market. Learn the basics of judging the condition of the old bills to help you estimate their value.
Judging Quality
It is possible to get a ball park estimate of the value of an antique bill with some knowledge of how quality is judged. For a precise estimate, you would need the opinion of a rare currency dealer who has much more experience handling antique bills.
Antique money is often rated on a scale from 1 to 70. 70 is a bill in mint condition and 1 would be in the worst shape. A more common way of labeling the quality of an antique bill is to use the terms poor, good, very good, fine, very fine, extremely fine, about uncirculated, choice uncirculated and gem uncirculated.
A good note is usually dirty and worn with a few tears or other serious problems. The very good distinction could be somewhat dirty and show some wear. Fine bills may have some fading but stills some crispness and many folds. As the grades go up, so does the bill's quality. The rarest of course are the gem uncirculated quality antique bills, which would have no folds or creases, excellent centering, and be on thick paper with clean embossing. This is also the rarest of the old currencies.
The Importance of Working with a Professional Currency Dealer
There are all kinds of people who buy old money, from the amateur collector to a professional currency dealer. It is to your benefit to use a professional. A professional has the experience to attach a true value to antique bank notes, rare money and antique currency. If your old money is appraised correctly, you will have a better chance of receiving fair value should you decide to sell your antique currency.
"An online value guide can give you an idea of the worth of your old money. With that information, you can decide if you would like to sell the antique currency or if you would like to hold onto it for its collectible value," says Manning Garrett, Owner of Antique Money.
To learn more about antique currency, please visit http://www.antiquemoney.com.
About Antique Money:
AntiqueMoney.com is the top buyer of old money in the U.S. They specialize in rare bank notes, large size currency and other collectible money. Since they are both collectors and resellers, AntiqueMoney.com is always looking for collectible currency for their inventory and collection. Free appraisals and offers are available to anyone interested in finding the value of and/or selling antique paper money.
For more information, please visit http://www.antiquemoney.com.
For all media inquiries, please contact:
Allie Petit
Content Manager
Cardinal Web Solutions
http://www.CardinalWebSolutions.com
# # #