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Replies: 16 / Views: 4,534 |
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New Member
Australia
32 Posts |
Hi All, This may be totally off topic in this forum, apologies in advance if it is. Mods - If this thread belongs to somewhere else, please move. Wanted to know what's everyone's main reason for collecting banknotes? I'm a newbie that started around a year or so ago when I decided put all my spare travel notes together in a nice display folder and though they'd look pretty good like that. So I started to add to the collection. I now focus on Japanese notes because I just loved their history and culture and love the way their notes appear. I'm happy to pay the "average" ebay price in combination with printed guide books. Not really fussed about making millions of $ out of it when I'm 80 :) Just wanted to understand everyone else's reason for banknote collecting and how they started? Thanks.
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Pillar of the Community
Canada
3049 Posts |
I collect notes.. mostly Canadian .. the reason I collect notes..? It's easy.. I love 'em.. I think currency is like a diplomat... each note has a story and says something about the country and what they value and wish to portray.
It's why the $50 note from the multicolour series is my favourite... and why I love the '37 issues ...
Certainly making money b/c of the money I collect isn't one of them.. and to be honest I don't think I will ever make anything off of this collection... it's more like a labour of love.
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New Member
 Australia
32 Posts |
Thanks AgCoinAu for chiming in. I understand everyone collects for their own reasons and we should just collect whatever we want because it's our collection. It's definitely interesting to learn the reason of others.
I just googled for the '37 series Canadian notes. Looks very interesting, looks expensive too :p
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Pillar of the Community
Australia
560 Posts |
I collect anything that circulated, coins and banknotes. But in the future I will collect to make a profit. But will still collect some for fun.
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New Member
 Australia
32 Posts |
Thanks Enlil. Do you focus on any specifics or just whatever takes your fancy?
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Valued Member
Australia
193 Posts |
I like circulated coins that I get in change. I don't noodle or buy premium specimens. Just as they come, often in change, usually when traveling. Example 1. In Vietnam where banknotes are used almost exclusively due to depreciation of the currency, coins have all but disappeared. On my last day there I caught a government bus to the airport. The bus fare was 4000 dong. I tendered a 5000 d note and received a tiny 1000 d coin for change. The coin is worthless but I was so happy to obtain a Vietnamese coin in change as my only numismatic souvenir of that country.
Example 2. I recently received a common Australian 5 cent piece in change that is flawless, not a dent or scratch - effectively a Mint specimen. It is now in a 2x2.
I think all collectors have their own peculiar weirdness and mine is coins I come across in change.
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Pillar of the Community
Thailand
1509 Posts |
Like other collectors I started with coins and then gradually extended to notes when my financial situation improved (when the kids left home!).
Again like some other collectors I don't do it for future investment, I do it for the love of it. It's the most fascinating and rewarding of the various hobbies I indulged in and it will stay with me to the end of my days.
My wife and the children will eventually be the benficiaries whatever they decide to do with them.
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Pillar of the Community
United States
608 Posts |
It's FUN, besides being educational of numismatics and one's country.
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Pillar of the Community
United States
602 Posts |
I collect in general (not just notes) because... 1) it is FUN and enjoyable and great hobby of mine 2) I like to see my collection grow 3) small scale investments when it comes to anything silver 4) other reasons that exist but I can't think of right now... agandau: "I think all collectors have their own peculiar weirdnes..." Me: YES! 
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Pillar of the Community
Canada
3692 Posts |
I believe that one can learn more from looking at a banknote than one can from a coin. A coin is all shiny and distracting, but a banknote is like a document or a contract; one has to read it in depth to get the meaning. It has a promise and it has 2 signatures, and tons of anti-counterfeiting technology.
World banknotes are fun to collect because there are so many variations; one can get lost collecting a single nation's currency, let alone all of them at once. Hyperinflation notes never cease to astound some people. Banknotes much more fun to show off than coins are, in my opinion. And they're a bit trickier to conserve, I believe, so a certain level of collecting experience is required to keep them in Gem Uncirculated states of preservation. It's a different breed of animal.
^My opinion only.
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New Member
 Australia
32 Posts |
Thank you everyone for your input. Indeed, I think this is one of the rare hobbies where you can potentially make some money or at least hold value (as well as having some fun), compared to some other hobbies that I'm into, it's like digging a hole in the ground and emptying you wallet into it :)
Agandau â€" Interesting, that's how my hobby started too. A bunch of notes from my travels spurred the collection bug. Some of my collection are from my kind friends that brought back notes from their holiday. They are all used, but am happy to add them to my collection admire and research them a little.
Thai-vic â€" Good point about future beneficiaries. Sometimes I think leaving them to the kids is a good idea, but I would hate to see them broken up and sold off. If that's what's going to happen, I'd rather donate them to someone that would keep them together and look after them. Although, I only have a relatively small and insignificant collection for now.
YoshiRules â€" Seeing your collection grow I think is like a drug. Once you're hooked, you begin to look at the more valuable specimens to try and complete your collection.
Libertad â€" Indeed one can easily get lost. I do not think I can ever complete the collection of notes for even 1 country, well maybe I could if I had unlimited funds :(
Thanks once again everyone, gave me a good glimpse into why people collect and you all definitely helped a newbie along.
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Pillar of the Community
Germany
1063 Posts |
I only seem to collect one from each country I go to, and anything that appeals to me and isn't pricy. Kind of a nice memento of a country I've been, I'm not really serious, coins are cheaper and easier to get series (I can't afford a 50 euro banknote, let alone 500 euros), but I am building a small lowest denomination collection of countries I've been to.
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New Member
Denmark
10 Posts |
I got started as a kid (14-15 years old). I found an old coin from 1923 of 200 marks and I found it very impressive to have something "very old" (at least I was thinking that at the moment).
I'm collecting mostly because I love the history. I try to get the sets that have the story behind them. You can really learn a lot from money and what was happening in the country.
My main interest are the notes that try to send a message (from communist era, kingdom of Yugoslavia and latter the Socialist Federal Republic of Yugoslavia and other communist countries, Afganistan, WW2 money...
I also collect the hyperinflation sets. I'm trying to complete the sets for the 5 most severe inflations in history.
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Pillar of the Community
Canada
2517 Posts |
I started collecting when I came to Canada last Summer, for my last year of high school, and was interested in the quarters having so may designs. I used to hoard stuff so when I see something that catches my attention that habit just comes back again. In Indonesia older money is withdrawn from circulation, so you never see those.
At the beginning I just kept what quarters I can get from change, then I asked my school office if I could look through their change jar and guess what, I can! I found some pennies including two with a man's head on the back (they were in fact 1938 and 1940 George VIs). I've never seen pennies before so I kept those too. And as I found more stuff looking through other people's change, including a 1963 silver quarter, I got a few questions and this forum was always on top of Google search and it is very informative I joined. And that's the beginning. I began to roll hunt too after reading the successes.
Then my paper money collecting started. I started asking banks for old money when I get the chance to because I read people occasionally get lucky and find some. Soon I did, and my best find so far is a Devil's Face one dollar bill! It's in EF condition but it can trick you into seeing it as a higher grade note since it's handled so little. I didn't bring enough cash that Friday to get all the 1973 $1s, and when I came back tomorrow they had been sent off to be destroyed. It was very lucky because I usually go there on Saturdays! This is the starting point of my serious note collecting, before this I just put them in an envelope, never to be seen again (now I pick the best ones to keep, and get rid of the rest).
So that's how I got into collecting, it interests me and makes me happy.
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New Member
Canada
48 Posts |
im actally only 14 but when I was 8 I started hoarding the quarters out of circulation too, but I've now ventured into bills I dont have any expensive ones but I have the 1,2,5,10, and 20 dollar bills from 1937  . I collect because I love the colors of the Canadian notes, and not knowing were a old note could have been!  for all I know my notes could have gone to china and back then fetched out of a dumpster 
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Valued Member
New Zealand
72 Posts |
I like notes with historical associations. I like the German inflation notes from after the First World War and also the Japanese occupation notes, they even had notes in pounds and shillings made which was our currency of the time, most interesting
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Replies: 16 / Views: 4,534 |