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 Replies: 13 / Views: 2,311 |
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Pillar of the Community
United States
589 Posts |
My daughter who has a slight interest in coin collecting and a huge interest in stamps just mentioned to me yesterday she loves the look of World Paper Money and wants to collect the lowest denomination for each nation in unwrinkled condition (Her analogy) lol.
So does anyone know where I can begin with this, basically by price, what countries have paper money and availability.
Thanks
John
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New Member
United States
28 Posts |
A lot of currency is available from your local bank--they may even have it on-hand. If not, you can get them usually in a few days (though I don't know about getting just the lowest denomination). Can't beat face value for price.
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Rest in Peace
United States
7075 Posts |
 Maybe try your local currency exchange. |
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Pillar of the Community
United States
1158 Posts |
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Pillar of the Community
Canada
3049 Posts |
Bulk lots on ebay.. can be pretty over priced and seldom are they EF or better condition.. Money exchanges at airports and the like are actually REALLY good places to go.. as you get it for face plus a very small premium.. Every time I'm at the airport I go to the kiosk and ask.. they know me there and what ever they have I can step aside and look through to pick out what I want... I usualy say something along the lines of .. I want to buy $50 of foreign notes in really good condition... and they let me pick and choose. Frequently on some of the bigger coin auction sites there are "bulk lots" of notes and those are generally in better condition that the ones on ebay.. the price point is a bit better too. After that you may want to build a good relationship with your local LCS... my local buys 'em at .10 each regardless...and if I show up on the right day where he gets a bunch in.. I buy at a pretty cheap cash price and it's instant profit for him w/o him having to do inventory... everyone wins! |
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Pillar of the Community
Canada
2124 Posts |
In unwrinkled condition you can buy UNC in ebay at very good prices, specially low denomimation are cheaper. (I collect very low denomination: cents bank notes). Congo has beautiful bills for example and super cheap. This guy has a very large stock to sell at decent prices and most of them uncirculated: http://www.donckelly.com/world/world.htmlEdited by arianzo
11/12/2014 11:51 am
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Pillar of the Community
Russian Federation
5174 Posts |
Lowest denomination of which period specifically? If we don't restrict the period, lowest for the USA would be the 3 cent fractionals, which are kind of uncommon and expensive.
Even then, in modern Russia, lowest paper denomination is the 5 ruble, which hadn't been produced long, so it's kind of uncommon. I suspect there are some countries whose situation is even worse...
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Pillar of the Community
Canada
2124 Posts |
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Pillar of the Community
United States
992 Posts |
You can start her off with a packet of inexpensive UNC notes, 20 for $10 or $20, that kind of thing. She can keep the lowest denominations and trade the rest with her friends. Even if she ruins them all it won't matter too much.
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Pillar of the Community
United States
1158 Posts |
Quote:Bulk lots on ebay.. can be pretty over priced and seldom are they EF or better condition. Overpriced compared to what? Certainly not compared to paying shipping on individual bills. It depends on your goals. If you are just building a novelty collection, then it is an easy and very cheap (link was $7 shipped for 20 UNC bills) way to get some cool modern notes from random countries. If you are looking to build a collection with high numismatic value, then obviously you'd want to research each piece individually. |
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Pillar of the Community
 United States
589 Posts |
Update: I just went on e-bay and bought her 4 notes from Quatemala . It was the 1/2 Quetzal, 1, 5 and 10 Quetzal. The seller assured me they are in crisp condition. Why Quatemala you ask well its my ex-wife's birth country.
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Pillar of the Community
Canada
2124 Posts |
Well, in fact it's Guatemala.
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Pillar of the Community
Germany
1063 Posts |
I kind of do this, based on value (ie, I don't have a Japanese banknote because they're way too expensive) and I have achieved it just from travelling to different countries and taking a banknote of the smallest denominations and whatever I have left over. Perhaps in your case this isn't possible, I've been to over 50 foreign countries so I have that ability. But like others say, ebay has some pretty good valued banknotes that might be a bit older every so often. Put in bids for low priced things, see if they work out or not. |
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Pillar of the Community
United States
992 Posts |
Just to add one thing about collecting and kids : A good thing to do is to ensure she is aware that the UNC state of her notes is not permanent. Even inexpensive notes need to be preserved, especially if one wants to perhaps sell them one day or pass them along to others, maybe decades later.
Kids love to handle stuff, so set her up right from the start.
Treat her to some 5x8 mylar holders, the flap-over kind, and a good GlobeMatic file tray box, they are heavy duty with a lid, and keep the mylars upright.
She'll never need anything else for housing her collection, no matter how long she does so.
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Replies: 13 / Views: 2,311 |
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Posted 11/12/2014 10:59 am
