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How Best To Label My Banknote Collection?

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United States
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 Posted 05/28/2018  4:34 pm Show Profile   Bookmark this topic Add wpervaiz to your friends list Get a Link to this Message Number of Subscribers
Hi guys, I'm relatively new to banknote collecting, and I want to do this systematically. I have a few dozen notes and the collection is growing, however, I haven't come across a good way to label these notes (country, year of issue, etc).

I've tried printing out full page leaflets to insert in between pages, but that just halves my storage capacity. I've also tried printing label stickers to put on top of the plastic Pocket, but that would be a pain when moving notes around.

The last option I have left is to print and cut small inserts and place them with the corresponding note in its pocket. My question here would be: If I print them out on a laser printer and stick the labels with the note, would the chemicals in the ink somehow damage the note over time? Would the ink smear?

How do you guys label your banknote collections? Would love to know!

Thanks!

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chafemasterj's Avatar
United States
6514 Posts
 Posted 05/28/2018  5:21 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
I am not a banknote collector but I would like to welcome you to the Forum.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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paxbrit's Avatar
United States
992 Posts
 Posted 05/28/2018  5:37 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
I'm the systematic type, too, and approached my collection from a few notes to over 3,500 in the following manner : Do NOT label your notes. Waste of time.

The printed ink will smear, and migrate. Don't use it.

If you use an album, you need the sleeve in each pocket. This eliminates further handling of the note and maybe losing a half-grade, and you will not put a clean UNC note in where you just removed a dirty VF note, as well. So you're buying both sleeves and album pages, and binders, and so on. Binders also require slipcases, to keep out the dust, or closed shelves.

I used binders for years, then switched for the lowest cost of storage, and never looked back.

My goal was the least lifetime cost of storage, with the least amount of prep and inventory time per note, and the most eye appeal, archival nature, and eliminate further handling of the note once it is in the sleeve. Sleeve, box, inventory, were all I needed to accomplish this, I believe. Adding anything else just required more time and effort, better spent on enjoying the hobby, instead.

I use sleeves, not albums, for a total storage cost per note of $0.40. This includes a Globe-Weis file box, the sleeve, and no label. The 5x8 sleeves are fold-over top, and fit the boxes perfectly. The boxes are lidded, and stack.

I use an Excel spreadsheet to inventory each note by country, year, issuing entity, grade, serial number, cost, and value, and can extract a lot of other data from the initial data entries.

I do not label the sleeves at all, it just adds one penny for the cost of the label, and takes time to write it out, and put them on the holder. My Excel sheet already tells me what the note is, if I need to, I'll refer to it. You will find that the foreign alphabets and names are very easily learned and you will soon wonder why you needed any labeling at all beyond your basic inventory. You collection will also remain attractive and not larded up with post-it notes and Xerox papers covered in handwriting, all of which take time to put with each note.

It's not really rocket science, the labels are not necessary, and I think they actually hinder sorting, inventory, and the appeal of the collection to the viewer. It's not justified by the time spent, additional cost, or eye appeal, or even the basic need, to me.

Hope this helps.
Edited by paxbrit
05/28/2018 5:42 pm
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Dorado's Avatar
Canada
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 Posted 05/28/2018  7:54 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
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United States
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 Posted 05/29/2018  12:33 pm  Show Profile   Bookmark this reply Add wpervaiz to your friends list Get a Link to this Reply
Great! Thank you for the very detailed reply! This makes perfect sense. Will follow your advice and hopefully I should be caught up very soon. Thanks once again!
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United States
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rogerhst's Avatar
United States
24 Posts
 Posted 05/29/2018  7:54 pm  Show Profile   Bookmark this reply Add rogerhst to your friends list Get a Link to this Reply
I too only keep my collection in boxes that the sleeves fit into - two of these stack nicely in my fire proof filing cabinet that I keep them in.

I log all the information about the note in my access database - and scan the front and back of the note. Then my database has a form that allows me to display the information on the note as well as the scans I have made. Allows me to look at my collection anytime - without having to pull the box / binder that the note would otherwise be stored in.

My collection keeps growing as well - now I have over 6600 notes in my collection!

Roger
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