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 Replies: 15 / Views: 2,725 |
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Valued Member
262 Posts |
I am just curious on your personal opinions... What do you think it takes to consider yourself a paper money Hoard? How many individual notes? Do you need to have all of them in a certain denomination or type? When do you become considered a hoarder or when is your collection a Hoard of old US Paper Money..? Or is a collection of old US Currency of hundreds even thousands of Notes just considered a collection. Just curious...  |
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Pillar of the Community
United States
818 Posts |
When your paper money collection exceeds $1000 face value possibly because of the small portrait 100s you feel the need to keep.
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Bedrock of the Community
United States
94367 Posts |
A "hoard" could vary considerably depending on what you have. If you had an extensive group of, say, a thousand notes but they were all carefully sorted, then that would be a collection rather than a hoard. But if you were to find, say, five hundred old notes stuffed in a can, that would certainly be a hoard. But a hoard does not have to be large - if you had patiently acquired 30 examples of a coin or note with less than, say, 200 examples known in total, then I would call that a hoard as well.  |
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Pillar of the Community
United States
800 Posts |
Quote:
When your paper money collection exceeds $1000 face value possibly because of the small portrait 100s you feel the need to keep Guilty as charged ...  |
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Pillar of the Community
Canada
3049 Posts |
I think the differentiation of hoard versus collection has to do with how the coins or note are organized!... bunch pile or group/stashed.. = hoard.. and if it's organized and itemized.. that's a collection.
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Pillar of the Community
United States
4409 Posts |
Some of the currency hoards I can think of:
The Oat Bin Hoard
The Binion Hoard of 100 $10,000 bills
The FRN hoard discovered in a house in Cleveland back in 2014 which was hidden in the attic
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Pillar of the Community
United States
4637 Posts |
Could it just be a designation you ask to be applied to the holder ?   |
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Pillar of the Community
 United States
5828 Posts |
Quote:
hoard versus collection has to do with how the coins or note are organized!  Well put. |
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Valued Member
 262 Posts |
interesting way to put it
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Pillar of the Community
United States
3058 Posts |
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Pillar of the Community
United States
742 Posts |
With the exception of the Binion collection, most hoards in paper money were large groups of notes that were unexpectedly found.
And Steve is right that the TPGs will put whatever you want on a holder.
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Valued Member
United States
95 Posts |
Quote:
With the exception of the Binion collection, most hoards in paper money were large groups of notes that were unexpectedly found.
And Steve is right that the TPGs will put whatever you want on a holder. I absolutely agree! And that means you can decide what is a hoard, a small group or a large number of notes, and you give this "hoard" a marvelous name! The TPGs will put it on the holder without any questions. I must say that I'm fascinated by some of the hoards that are frequently available. Sometimes there is a great story behind that hoard, but sometimes is only a kind of advertising by a resourceful seller... |
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Pillar of the Community
United States
4409 Posts |
On Don Kelly's website he mentions a pack of 100 1886 $5 Silver Certificates that came to light in the 1970s.
Hoards of national bank notes have surfaced in the past. Original Series $1 and $2's from Charter #1712, Series 1882 Brownbacks on Charter #4373 spring to mind.
-MV
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Valued Member
262 Posts |
lol, So basically what seperates a hoard and a collection is how organized it is...
Edited by CollectorKing
04/12/2016 6:09 pm
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Bedrock of the Community
United States
11951 Posts |
Darn ... read the title wrong. I had a long post ....
My collection of a few hundred in paper money face value
is far from a hoard ....
Edited by GR58
04/11/2016 10:30 pm
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Pillar of the Community
United States
6130 Posts |
I wonder how many "hoards" end up losing a significant amount of value to inflation? Unlike coins, paper money doesn't really appreciate except for really old notes (1800s-early 20s) or in the case of exceptional serial numbers or very rare issues.
Someone on here posted about a hoard of several tens of thousands face in 1950s bills, hidden in a wall, or in an attic etc. Mostly these hoards are worth 2-5x nominal value. Sounds good until you imagine what a bucket of 35,000 Morgans would go for today.
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Replies: 15 / Views: 2,725 |
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Posted 04/10/2016 4:54 pm
