Paying top dollar

for your diamonds since 1980

Contact Us Today




Collecting Paper Money

Posted on October 23rd, 2015 by Goldman Buyer

Collecting paper money is a fascinating and often profitable hobby. Paper notes offer a glimpse into American and world history, often using colorful and intricate artwork to depict memorable events and people of historical significance. Serious collectors began taking an interest in this hobby around the mid-20th century, and it has been gaining in popularity ever since.

 

What Makes a Note Valuable?

Condition, scarcity, and demand are the three factors that help determine the value of anything collectible, and that includes paper money. Age is a consideration; however, an older bill may be worth less than a newer one depending upon how many of each were originally printed in the series.

 

Unlike a Picasso or a Rembrandt, where there exists only one of a particular masterpiece, paper money is printed in series lots of identical bills, usually varying only in serial number. Therefore, the value and collectability of a particular note has a great deal to do with its condition. An uncirculated bill in mint condition can sell for many times more than a circulated bill of the same denomination and series.

 

Demand by fellow collectors is also a major factor to consider. Large-sized notes, silver certificates, and large denominations that are no longer used in general circulation often garner a higher price than other notes.

 

Why It Makes a Good Investment

 

Collecting paper money is a fascinating hobby and high-quality bills make a good addition to any investment portfolio. Furthermore, when you seek out and set aside new bills as they are issued, you are assured that your investment will be worth at least what you paid for it—even in the short term. Consequently, if an unexpected expense arises, liquidation of a paper money collection is seldom difficult.

 

For more information about collecting paper money, or to get an estimate on anything in your existing collection, reach out to the experts at Chicago Gold Gallery.

 

Photo courtesy of the National Numismatic Collection at the Smithsonian Institution

← Back

Customer Testimonial

Had a Great Experience

"I recently worked with Chicago Gold Gallery to design an engagement ring. From picking out the stone to designing the setting, it was a wonderful experience to say the least. Thank you so much for your help!"


Date: 07/22/2014 • 5 / 5 stars ★★★★★

Can't say enough about this place.

Recently took my family of 4 for a week to Chicago for a family vacation. We were on a limited budget but being lifelong Cub fans I thought it would be a great treat for my kids ages 7 and 10 to go to a game that we hadn't planned for...


Date: 07/17/2015 • 5 / 5 stars ★★★★★

Love this place!

Chrissy & Joe are all super friendly and easy to work with. I trust them and they will do whatever they can to help you including giving you advice on what you have or what you should look for. I won't ever go anywhere else and I've recommended it to several friends.


Date: 08/02/2015 • 5 / 5 stars ★★★★★

I would do business with them again

I had a diamond ring that I wanted to sell and they gave me top dollar for it. They were so nice and I would do business with them again.


Date: 07/17/2015 • 5 / 5 stars ★★★★★

Don't Hesitate to call...

I find that Joe at Chicago Gold Gallery consistently offers and pays more for my coins than coin dealers in Chicagoland. He's very nice and easy to deal with. Don't hesitate to call him and preferably visit him.


Date: 12/04/2015 • 5 / 5 stars ★★★★★

How to Reach Us?

Get Directions

Contact Us

Get the most for your valuables.

1236 W. Devon Avenue
Chicago, IL 60660

Phone: 773-338-7787 Email: chgogoldgallery@aol.com

Hours: Mon-Sat: 9am-6pm

Especially Wanted

  • Broken Jewelry
  • Silver, Coins
  • Tiffany & Co.
  • Patek Philippe
  • Cartier
  • Rolex
  • Watches
  • Guitars
  • Bullion
  • Scrap Gold
  • Watches
  • Guitars
  • Bullion
  • Diamonds
  • Old Gold
  • Scrap Gold
  • Dental Gold
  • Sterling Silverware
  • Coins & Coin Collections
  • Antique & Modern Jewelry