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US Paper Money Beginner: What To Look For?

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wheatchaser140's Avatar
United States
2368 Posts
 Posted 11/17/2013  12:15 pm Show Profile   Bookmark this topic Add wheatchaser140 to your friends list Get a Link to this Message Number of Subscribers
Hi I've been collecting coins for a long time but heard a little about bill collecting. What should I be looking for in circulation? I'm basically asking which bills are worth more than face value. Thanks in advance for your help!

Also, I've heard about star notes and serial numbers. Could you explain those and other varieties that are interesting or valuable please? And how much are these worth? How common are certain types to find in circulation? I guess I have a lot of questions, so please be patient haha!
Edited by wheatchaser140
11/17/2013 12:22 pm
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John1's Avatar
United States
56855 Posts
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Buddy's Avatar
United States
7075 Posts
 Posted 11/17/2013  12:44 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply


Just look over those sites to get an idea of what's what and then start looking through your money. Then when you find something you think might have a premium, you will know were to search to find out if it does.
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wheatchaser140's Avatar
United States
2368 Posts
 Posted 11/17/2013  1:02 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
Are there any Federal reserve banks that are worth a premium? I know the San Francisco Mint holds a special fascination with collectors, is there an equivalent for that?
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wheatchaser140's Avatar
United States
2368 Posts
 Posted 11/17/2013  1:38 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
Just found this in the back of my cabinet. Worth anything?


US-Paper-Money-Beginner:-What-To-Look-For?
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persistnt's Avatar
Canada
726 Posts
 Posted 11/17/2013  1:40 pm  Show Profile   Bookmark this reply Add persistnt to your friends list Get a Link to this Reply
I resently joined the Community here...I hav the same question as yu....So thank Yu guys......I knew about Fed REserve Banks from by coin club buddies in town here,,(Some are US collecters) I am in Canada so it is a little different for us here in canada..Because we don't hav any USA banks here and certainly not the better bank for colletors no Fed REs's here....I started collecting PaperMoney in April,,,,I hav a few US notes I got from my Bank new notes too (Usually they only hav old circ notes)...I even bought online a few US 1.oo and 2.oo's for only a little bit of juice (Extra),,course if yu pay no Juice, bills are in tough shape....I will say good luck w/Yu collecting,, I hav had fun and am learning a lot (Was a coin man for years already).....How do Yu put smilies in your Quick reply's..... Wheatchaser I semm similar to yu,,,I hav some Wheat and lots of Lincolns........
Edited by persistnt
11/17/2013 1:42 pm
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schris252's Avatar
United States
368 Posts
 Posted 11/17/2013  1:43 pm  Show Profile   Bookmark this reply Add schris252 to your friends list Get a Link to this Reply
1957 silver certs are generally worth $2.50 to $3.00 on ebay in circulated condition. UNC is higher, around $10+
the one you pictured may not have a premium at all over face due to the condition. condition is key in currency
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wheatchaser140's Avatar
United States
2368 Posts
 Posted 11/17/2013  1:50 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
Does the "C" series have any premium over the As and Bs? I think I read something about that.
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schris252's Avatar
United States
368 Posts
 Posted 11/17/2013  1:50 pm  Show Profile   Bookmark this reply Add schris252 to your friends list Get a Link to this Reply
as for star notes, I find $1's most commonly. I have never found a $5, $10 or $50 star note in circulation. 20's and 100's seem easier to find, but personally I don't think they are worth saving unless they are low serial number bills. low serial numbers (1-3 digits) are particularly sought after by collectors. these are the serial numbers you would want to look out for. also, any repeating or binary serial numbers.
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Bassmaster's Avatar
United States
1130 Posts
 Posted 11/17/2013  6:52 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list Get a Link to this Reply
I would keep the silver certificate. It is a great start!
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 11/18/2013  02:18 am  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
I would recommend getting "A guide book to United States paper money" by Arthur and Ida Friedberg. Your silver certificate is the perfect starting point. I would start collecting small size $1 silver certs and $1 federal reserve notes. Keep it simple and inexpensive at first so you can get a feel for grading, desirable characteristics, etc, etc.

Just my 2 cents.
Edited by DoubleEagle20
11/18/2013 02:34 am
Valued Member
United States
92 Posts
 Posted 11/28/2013  9:42 pm  Show Profile   Bookmark this reply Add illz to your friends list Get a Link to this Reply
Save any $1 1995 or older. They carry a small premium. Anywhere from 10-25% over face depending on block/run combo and condition... they can be sold on the wheresgeorge board.
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hajduk's Avatar
Germany
645 Posts
 Posted 11/29/2013  06:06 am  Show Profile   Bookmark this reply Add hajduk to your friends list Get a Link to this Reply
The $ 2 bills from 1976 to today are certainly a good start.
This $ 2 notes are normally not expensive, there are plenty of districts and you can get a very good feeling for the availability of the districts.
The Series 2003 A should get full pretty quickly, especially in the United States. Then the first block is already full.
If you want to have a Series full with all districts then you have to search. And search is a very good lesson.
$2 1976,
$2 1995,
$2 2003,
$2 2003 A
and
$2 2009.
While tempted by this standard notes to get as many districts, you will found that there are still the United States Red Seals.
Red Seals , Monticello back...
Probably you want to have this bills too.
Then you already have a dynamic.
I'm glad that I do not live in the USA.
There I would starve to death, just because each bill would move into a album. So respect it is somewhat dangerous.
It`s just a idea...
Sorry for my bad English.
Edited by hajduk
11/29/2013 06:08 am
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