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If You Were A Newbie, What Would You Do?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 3,982Next Topic Page 2 of 2
Pillar of the Community
United States
1915 Posts
 Posted 04/30/2015  9:41 pm  Show Profile   Bookmark this reply Add Albert to your friends list
I've been there done that. Go online and search for images and websites for known "phony", "fake", or "counterfeit" Confederate money. I have some and I identified mine by comparing them to what I found online. Sorry I don't recall the exact sites, but they should be easy to find.
Valued Member
United States
239 Posts
 Posted 05/01/2015  10:38 am  Show Profile   Bookmark this reply Add BisonMatt to your friends list
If interested in purchasing a reference book, I would suggest "Paper Money of the United States" by Arthur and Ira Friedberg.

But first I would look at this website to get an idea if any of those bills were fake: http://www.tomchao.com/replicas.html

As for selling, everyone has their choice as online and auction houses have certain fees for selling.

Lastly, to CCF
Valued Member
United States
59 Posts
 Posted 05/01/2015  2:31 pm  Show Profile   Bookmark this reply Add Collectorlady to your friends list
Bison Matt is right about the book,"Paper Money of the United States" by Arthur and Ira Friedberg.It is and always will be my favorite reference book and has great color photos. Good luck!

New Member
United States
6 Posts
 Posted 05/02/2015  9:26 pm  Show Profile   Bookmark this reply Add Rachel Haverkos to your friends list
Hello, Thank you all for your replies. BisonMatt, thank you especially for the book referral; how nice that collectorlady also seconds your opinion! I've found it on Amazon; if you think it would help with the examples of money shown below, I'll order it soon.

I appreciated also your mention of the website. I've looked through it and found it helpful.

Question: Am I correct that counterfeit money is not valuable, even if it is over 130 years old and therefore "antique"?

Question: Can someone say more about where and how people go about selling money? Does anyone have personal experience or preferences? I'd love specific info, but am not sure what might violate the policies of this website if people share recommendations.

Here are some examples below of what I found.

Thank you all again for all the info!

If-You-Were-A-Newbie,-What-Would-You-Do?

If-You-Were-A-Newbie,-What-Would-You-Do?

If-You-Were-A-Newbie,-What-Would-You-Do?
Valued Member
United States
239 Posts
 Posted 05/04/2015  11:22 am  Show Profile   Bookmark this reply Add BisonMatt to your friends list
That book is good for all US currency except loans/bonds.

Some counterfeits can have value if they are "Contemporary Counterfeits"(from the same time period) - but I do not know enough to tell the difference .

To sell here you would need more posts, so your best options are likely taking them into a local coin shop that deals in currency or listing them on ebay. Auction houses typically require several thousand in value to consign, but they also make outright offers on most currency(i haven't had luck with them but others do).
New Member
United States
6 Posts
 Posted 05/04/2015  6:34 pm  Show Profile   Bookmark this reply Add Rachel Haverkos to your friends list
Hello, BisonMatt, thank you for your input.

Is the book you recommend one where I should buy the very latest version (20th edition), as the info is updated regularly, or do you think other editions, such as the 18th or 19th might be adequate?

Thanks for your ideas about how to begin to sell my items. Have you heard that selling through auction houses is best? Or, only if you have a lot to sell?

Again, I appreciate your input!
Pillar of the Community
United States
1390 Posts
 Posted 05/04/2015  6:52 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list


I'm not familiar with paper money, so I'll leave the input on your actual bills to the experts.

The suggestion that I can make is that you post topics in the Paper Money and Banknotes forum to ensure that the right people see them.

It seems as if you're not rushing into anything as far as selling the notes goes, which is excellent.

Good Luck!

Valued Member
United States
239 Posts
 Posted 05/05/2015  09:59 am  Show Profile   Bookmark this reply Add BisonMatt to your friends list
In just comparing a few values from the 19th ed. to the 20th, some notes have dropped by half. Overall I use the book primarily as a reference point and knowledge of currency. For current prices I check recent sold listings on ebay and Heritage Auctions. So I think you would be fine with buying an older copy.

Pillar of the Community
United States
4897 Posts
 Posted 05/05/2015  10:17 am  Show Profile   Bookmark this reply Add amida17 to your friends list
The 50 Shilling Pennsylvania note is quite intriguing (Fr. PA-170?). The signers certainly fit (Samuel Miles, Owen Jones Jr. and William Wister)I believe about 28,000 notes ( of varying denominations) were dated Oct 1,1773 so there are several combinations of signatures. Like anything, condition and audience will drive the price.
Edited by amida17
05/05/2015 10:18 am
Moderator
Learn More...
United States
56855 Posts
 Posted 05/05/2015  12:01 pm  Show Profile   Bookmark this reply Add John1 to your friends list
You may want to look here for info and if they want to buy.http://www.oldcurrencyvalues.com/ol...yvalues.html
John1
New Member
United States
6 Posts
 Posted 05/05/2015  6:23 pm  Show Profile   Bookmark this reply Add Rachel Haverkos to your friends list
You all are so helpful! BisonMatt, thanks for your perspective on the book editions. I'm surprised to learn that values went down, but then I have much to learn. I will definitely check out Heritage Auctions and ebay for current pricing; will learn how to do this.

Amida17, I'm impressed that you were able to determine that middle signature. I really couldn't read it. Thank you!

And John1, Thank you for the very helpful link. I'm on their website now, researching my currency.

I so appreciate the input!
Valued Member
United States
194 Posts
 Posted 05/05/2015  8:27 pm  Show Profile   Bookmark this reply Add tbolts10 to your friends list
Rachel, don't hesitate to continue posting pictures of what you have. I'm sure there are quite a few checking back on this thread, and if I see anything that I have some info or personal experience with, I will gladly share.
New Member
United States
6 Posts
 Posted 05/07/2015  1:16 pm  Show Profile   Bookmark this reply Add Rachel Haverkos to your friends list
I feel even more confused than ever! Apparently 3 of the bills I have haven't been listed on ebay before - no search results. And, between Heritage Auction and ebay, I see such variations in price, even for same grade of bill. Should I just approach a few potential buyers, learn their offers, and go from there? What is the difference between selling to a place like Hertiage auctions versus Old Value Currency? Or selling to a dealer? Or a private party?

Separate question: it seems that I need a reference guide for US coins as well. Any one recommendation?

Thank you in advance! As you can see, I need all the help I can get. :)
Moderator
Learn More...
United States
56855 Posts
 Posted 05/07/2015  2:34 pm  Show Profile   Bookmark this reply Add John1 to your friends list
http://www.numismedia.com/ For Coins. Also get a Red Book for info not values
Hertiage IMHO is for higher end stuff
Old Value Currency would be like a middle man,you would get less but could sell lower end stuff to them as well as a LCS.Or a private party,you could get a bit more for your stuff.
John1
Valued Member
United States
194 Posts
 Posted 05/07/2015  7:05 pm  Show Profile   Bookmark this reply Add tbolts10 to your friends list
Rachel, I recently went through a somewhat similar situation. I inherited an entire bag of paper money. I learned that regardless of values, its really all about what someone is willing to pay at that particular moment. I sold some bills for far less than expected and a few for a good bit more than expected. I also have kept a ton of it because there isn't anyone who is interested enough in it to purchase it. Paper money just isn't as popular as coins. I highly recommend posting the bills in which you are curious about here. I guarantee someone will know what it is and an approximate value. Another option is to take it to a dealer in your area (if you are willing to post your area I'm sure someone can recommend someone) and get everything appraised. I would recommend telling them you are not going to sell anything at that particular time so that you get a more honest evaluation.
Edited by tbolts10
05/07/2015 7:05 pm
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