Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

How To Start A Collection

To participate in the forum you must log in or register.
Author Previous TopicReplies: 16 / Views: 3,286Next Topic
Page: of 2
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 01/29/2012  8:25 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Good Evening,

I would like to start a collection of $2 bills but where do I start? I have done a little bit of research and have found that unlike coins there are 12 or 13 places currency is produced as opposed to the 4 mints for coins. Also I had a hard time finding pricing and series information on these Notes. Does anyone know how or where I can start? I don't just want to "jump in" to buying without knowing what I'm looking for.

Thanks,
Rich
Rich M. - Collector since 2008
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 01/29/2012  9:06 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
There are only two places notes are printed, but they are issued by a dozen FR Banks.
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 01/29/2012  9:20 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
I guess the first thing you may want to decide is are you going all the way with your $ 2.00 collection or are you just going to stay with the small size notes and not bother with the Large size.

Either way the smartest thing you can do to help your self would be to buy the US Paper Money of the US book by Friedberg.

This book will be a great help no matter what US currency your going to collect. Currency is only produced in two places, TX and DC. I only collect by series not by the different banks, being that I collect all denominations of US currency from $1.00 to $ 100.00 and the different types such as SC, GC, FRN, etc. if I collected by the banks it would for sure break me.

Buy the Book, it's not expensive, maybe $ 40.
You can thank me after you read it
Regards
The Bill Collector
Pillar of the Community
wquinn's Avatar
United States
2295 Posts
 Posted 01/30/2012  2:01 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
Or you could even build a $2 type note set, collecting one or more of each type and even with star notes with each type.

Looking through that Friedberg book, will show you the different types.

And you could collect the FRNs by series and by each bank, if you wanted. The low printage ones are quite expensive though. The BEP sells some $2 series too:
http://www.moneyfactorystore.gov/20...iontest.aspx
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 01/31/2012  11:34 am  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Good Morning,

Based on the answers I have gotten so far I understand that U.S. $2 bills are printed in either D.C. or Dallas but distributed by the 12 Federal Reserve Banks which each cover a section of the U.S.

So, do I want to try and find a $2 from each of the 12 Federal Reserve Banks or would it be more cost efficient to get one of each series (year) printed from D.C. and Dallas and just get whatever I get in terms of which bank they came out of?

Also what is a large size note compared to a small size note?

What are SC, GC, FRN, etc?

Thanks,
Rich
Rich M. - Collector since 2008
Pillar of the Community
coinsearcher83's Avatar
United States
1358 Posts
 Posted 01/31/2012  3:31 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Close!
Currency is printed in DC and Fort Worth, Texas.

As for the kind of collection you want to build, it's all up to you!
The most common collections for $2 FRN's (Federal Reserve Notes) are:
1. By Series (1976, 1995, 2003, 2003A, 2009 (maybe soon))
2. By Series/Bank (collecting one example of each bank for each of the series: 12-1976, 1-1995, 1-2003, 12-2003A)
3. By block/series (the two letter combination in the serial number. Examples: A-A, I-B)
4. Some also build a collection of star notes based on run. (refer to http://www.uspapermoney.info )

A large size note is, well, larger than a small size note. From Wikipedia, "Large-sized note": "According to the BEP, the small-sized notes measure 2.61 by 6.14 by 0.0043 inches. Large-sized notes were 3.125 by 7.4218 inches."

Also, the two letter things you have above are the Note types for each note (for lack of a better term...)
This indicates who issued the note and what it was redeemable for. This designation is usually found at the top of a dollar bill.
SC: Silver certificates. Were redeemable for silver until the 60s.
GC: Gold certificate. Were redeemable for gold until 1933.
FRN: Federal Reserve Note, issued by Federal Reserve Banks.
USN: United States Note, issued by the Government.
NBN: National Bank Note (ended in the early 30s.)
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 01/31/2012  3:49 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
coinsearcher83 -

Wow, that is awesome info thank you and I think I'm going to go with series by Federal Reserve Bank. My next question is where did you get all that info? Was it from the website in your post?

Thanks a million!

Rich
Rich M. - Collector since 2008
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 01/31/2012  4:04 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
Rich,
It's nice to see a new Currency collector wanting to build a collection. I just happen to have a few stacks of new
$ 2.00 bills from 1995, I cant sell you one because I haven't made enough post, but I don't think there's any rule about me "giving" you one, I've done this before and so far I haven't been told it's against the rules of the forum, so if you would send me your snail mail address in a private e mail I'll get one out to you. I'm not a dealer or anything like that just a collector like you, only trying to promote the collecting of US Paper Money.

All the Info you will need is in the "book" did you buy it yet ? ,.
Regards
The Bill Collector
Edited by The Bill Collector
01/31/2012 4:08 pm
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/01/2012  1:27 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
I found this book on Amazon.com a lot more affordable but will it gve me thanswers I seek?

A Guide Book of United States Paper Money (Official Red Books)
by Arthur L. Friedberg
Rich M. - Collector since 2008
Valued Member
United States
141 Posts
 Posted 02/02/2012  3:10 pm  Show Profile   Bookmark this reply Add WVUcoins to your friends list Get a Link to this Reply
Snitchard

It looks like you are off to a great start. Coinsearcher83 has given you some great advice and it looks like the bill collector is helping to start your collection by sending you your first $2 bill.

The advice I would give is to go your local banks and ask them for any $2 bills the may have. It most cases the will order you some if they don't have any. This way you can get $2 bills from different series, districts and blocks. You can keep the ones that are in good condition (Which most are because $2 bills don't see a lot of circulation)and simply redeposit the ones you don't. IMO this is a great way to get started until you know which direction you want your collection to take.
Derek
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/02/2012  4:58 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Anyone have any insight to the book I mention above?

A Guide Book of United States Paper Money (Official Red Books)
by Arthur L. Friedberg

will it give me the answers I seek?
Rich M. - Collector since 2008
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 02/02/2012  5:23 pm  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
snitchard,
I have no idea what the content of that book is compared to the content of the Paper Money of the US. The Paper Money of the US book is considered the "Bible" of Paper Money collecting by most serious collectors. I think the other books would be helpful for the way you want to collect, at this point most any book would help. If you become more interested you can always buy the"Bible" later.

Am sending you your first $ 2.00 note from 1995 tomorrow, sorry I don't have any holder for it, theses are new notes right from the bank and they don't come in holders, maybe some other nice collector can send you a holder to protect it.
Regards
The Bill Collector
Pillar of the Community
coinsearcher83's Avatar
United States
1358 Posts
 Posted 02/02/2012  6:50 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply

Quote:
Wow, that is awesome info thank you and I think I'm going to go with series by Federal Reserve Bank. My next question is where did you get all that info? Was it from the website in your post?


Yeah, most of it can be learned from that website but I've gleaned that info from various places reading about paper money, like these forums.

About that book, I think it's good for info and such, but I would take the pricing with a grain of salt. I don't think I've ever actually looked into the book, though.
Valued Member
The Bill Collector's Avatar
United States
486 Posts
 Posted 02/16/2012  11:14 am  Show Profile   Bookmark this reply Add The Bill Collector to your friends list Get a Link to this Reply
Hi snitchard,
Did you ever receive the $ 2.00 bill I sent to you. Haven't heard fron you since I sent it.

Did you find any holders or did one of the nice guys on the forum send a few to you. I'm getting ready to order another bunch so will have some Large and Small ones in about a week. Did you get the "book" ?.
Hope everything is goin ok for you.
Regards
The Bill Collector
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 02/16/2012  11:43 am  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello The Bill Collector -

Yes I did thank you VERY much it is beautiful. I have not purchased any holders or books yet. I'm really looking forward to doing that though once I can afford it.

Rich
Rich M. - Collector since 2008
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 02/16/2012  2:09 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
you can get $2 bills at face value at any bank and that would be an easy way to c0ollect each branch of the series. It may take you awhile but I am sure you will find the ones you are looking for by getting them this way. within time you can even find all of them in Choice condition. I would take whatever I could find at first and then once I found one in better condition I would replace the older one with the newer one, that way you will always have that particular bill in your collection and just upgrade as you received them
  Previous TopicReplies: 16 / Views: 3,286Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.47 seconds to rattle this change. Forums