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 Replies: 19 / Views: 3,977 |
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New Member
United States
6 Posts |
Hello, brand new here. Recently discovered some historic paper money among inherited family items. These bills are from a few different time periods: 1773; 1776; 1855 and other 1800's; and confederate money from 1861 and 1864. Some bills are in good condition (term used generally) while other bills are not so great. Here are some questions: If you were to invest in just one book in order to know how to price these bills fairly, which one might you suggest? How are the categories determined, such as "good" etc? Where should I look to sell these bills? Is it best to go to live auctions? Is there a good place online? Anything else you think I should know? Thank you in advance! |
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Pillar of the Community
Canada
4911 Posts |
You should post pictures, from what you describe I'd imagine these bills are worth something which makes them subject to counterfeiting and reproduction. The people here are excellent and more then willing to help in determining the authenticity, grade and value. Welcome and I'm hoping you have some gems
Feel free to call me Will.
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Valued Member
United States
194 Posts |
Welcome to the forum! I would try to post up some pictures of the bills and that might allow the members to give more accurate answers.
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New Member
 United States
6 Posts |
Hello, tbolts10 and thedollarman, thank you for your suggestion. I will get out my camera and see what I can do to take (and upload - the hard part) decent photos. Appreciate your prompt replies!
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Moderator
 United States
56855 Posts |
 to CCF. You can use a scanner also. John1  |
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Pillar of the Community
United States
1911 Posts |
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.
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Valued Member
United States
239 Posts |
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 |
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Valued Member
United States
59 Posts |
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!
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New Member
United States
6 Posts |
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!    |
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Valued Member
United States
239 Posts |
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). |
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New Member
United States
6 Posts |
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!
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Pillar of the Community
United States
1388 Posts |
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! |
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Valued Member
United States
239 Posts |
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. |
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Pillar of the Community
United States
4897 Posts |
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
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Moderator
United States
56855 Posts |
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New Member
United States
6 Posts |
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! |
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Replies: 19 / Views: 3,977 |
Posted 04/30/2015 8:03 pm
