Coin Collecting

Money -> Paper Money: World -> Canada

Canadian paper money has an interesting history. If many of us were handed an example of the first Canadian paper currency, we wouldn’t recognize its significance. That’s because the first bills issued in Canada weren’t printed bills at all because paper was an expensive and somewhat scarce commodity. In 1685, Jacques de Meulles,the intendant of the French colony in North America, needed money to pay troops. He gathered playing cards, signed them, put his seal on them, and distributed them. He made this card money legal tender and required merchants to accept them. The rarity of these cards today make them highly valuable, so they’re generally only found in museums.

Canadian paper money issued in the 1800s is unique in that different bills were issued by different provinces. The Island of Saint John (later known as Prince Edward Island), Nova Scotia, British Columbia, Newfoundland, Canada and Alberta issued separate bills. All of these monies are rarely available to collectors, including British Army Bills that were issued between 1813 and 1818 as a an emergency because of The War of 1812. They’re all highly valuable and extremely rare, though occasionally Newfoundland bills and some Alberta bills from 1936 become available. Municipal notes, like those issued beginning in 1821 in Saint John, New Brunswick, are also very rare and hard to find.

Bank notes are the most readily available collectible Canadian paper money, though certain specimens are still very difficult to find. But bank issues are the best place for beginning collectors to start, and the best way to enhance an existing collection. Proof and specimen notes do show up in auctions occasionally, but they’re very rare and command high prices. Notes with the lowest serial numbers were usually kept as souvenirs by banking insiders, making them rare and valuable today.

Notes issued during 1837 and 1838 were often distributed by merchants who were sympathetic to the Patriots, because there was a limited amount of coins in circulation. These are great for Canadian paper money collectors, especially those interested in Canada’s history. They’re readily found in online auctions in varying conditions, and while some specific examples might be rare, even these usually spring up and become available at less cost than other rare types of notes.

While they never had monetary value and weren’t technically Canadian paper money, notes issued by business colleges in the late 19th century and early 20th century were used during training. And merchant advertising notes that also had no value, but are also an interesting part of Canadian history, are highly collectible today.

Old Canadian paper money can rarely be found in anything better than fine condition, with most of the older and more scarce bills usually in much worse shape. When looking at money to purchase, certainly the condition is important, but since so much of the older currency is in less than fine condition, a collector shouldn’t pass up the opportunity to purchase even a worn but older and possibly hard to find bill.

Photo Credits: meddygarnet

Originally posted 2008-10-12 14:00:05. Republished by Blog Post Promoter

If you are jumping into the world of coin collecting or are thinking about expanding beyond your coin collection, you are going to look to paper money collecting. Paper money collecting can be just as interesting and just as unique as coin collecting. With that being said, the world of paper money is completely different than coin money.

There are a couple of things that you want to consider if you are going to debate a paper money purchase. Taking the time to think about these various aspects of paper currency collection and the purchase that you are thinking of making will help you to make the right decision.

The Cost

The first thing that you are going to want to consider when debating a paper money purchase is the cost. You truly need to sit down and think about the purchase that you are about to make and how it will affect your budget. If you do not think you have the money to spend on this particular piece of money, do not do it.

You also want to think about cost in terms of value. You want to look into the actual value of the paper money that you are thinking about buying. You should never overpay for paper currency, as you will find that you lose money on the investment in the long run.

The Rarity

If you find yourself debating a paper money purchase you need to think about the rarity of the paper currency you are thinking about buying. If a piece is incredibly rare and is a piece you have been looking for, you may want to make the purchase right away. If it is a form of paper currency that you find all of the time, you can pass it up and know that you will eventually find it again when you are ready to make that purchase.

Your Collection

It is important for you to think about your entire collection when thinking about a paper money purchase. You need to think about whether or not it is a necessary purchase for our collection, and whether or not it is going to enhance your collection. If you think that the paper currency is not going to add any important value or interest to your collection, why make the purchase in the first place?

You need to take all of these different factors into consideration before you make your final decision about the paper money purchase. You may find that it will be the perfect addition to your collection, or may find that you should not spend the money on this particular piece of money at this time. Be sure to take the time to think about these various factors each and every time you consider one of these purchases. It will help to ensure that you do not spend too much money or make an unnecessary purchase for your collection.

Photo Credits: epSos.de

Originally posted 2011-01-31 03:25:15. Republished by Blog Post Promoter

Paper currency collecting is somewhat of a lost art, thanks to the incredible popularity of coin collecting. Coins are easier to find and often cost less, a major selling point for those who are looking for quantity over quality with their collection. Paper money is something that can be incredibly interesting to collect and is something you should consider for your own collection.

Take the time to give serious consideration to adding paper money to your money collections. The more that you look into this type of collecting, the more interested you may become in paper currency collection as a whole.

Rarity

The first thing that you are going to notice about many of the paper money pieces that are up for collections is that they are rare. The most popular pieces are rare because of the material the money is made out of. Paper simply does not last as long as metal does, making some of the rarest pieces of paper money incredibly hard to find. Most people find it easier to collect coins, but those who are looking for the thrill of the find will love paper money.

Care

If you are thinking about paper money know that you are going to have to be cautious and careful with your money. While most people are careful when collecting coins, they do not know how to treat paper money. You must be more careful, more precise, and seriously consider the medium of them one. You will not be able to wash paper money like coins and will not be able to store paper money like coins.

Cost

While we have covered the rarity of coins, we have yet to cover how that rarity plays into cost. Paper money is going to be more expensive to collect for two different reasons. First, the paper money simply has a higher face value than the coins. Secondly, the paper money is harder to find. Paper money collecting is more expensive that coin collecting is most cases.

Counterfeits

There are plenty of people who try to run the system by counterfeiting paper money. They create fake copies of this money and often do a fairly convincing job. Those who are untrained often have difficult spotting the real paper money from the fake paper currency. If you want to get into this type of collecting, take the time to research the obvious marks of a counterfeit bill.

Some people do not want to deal with paper money collecting. They feel as if it is too time consuming and too hard to do. Paper money can be somewhat rare, requires more delicate care, and can be expensive. If you take the time to truly think about everything that you could add to your collection, however, you will find that you are missing out on an incredible part of currency collecting. Paper money collecting can be a part of your collection and should be a part of the future of your money collecting endeavors.

Photo Credits: quinn.anya

Originally posted 2011-05-20 03:50:27. Republished by Blog Post Promoter

Coins & Paper Money -> Coins: World -> Australia

The 1925 coin penny is the 3rd rarest copper coin from Australia. According to records from their Royal Mint, this coin was struck late in the year to make sure that Australian merchants had plenty of pennies during the Christmas season. When collectors take an interest in Australian coins, one of the first coins they usually try to acquire is a 1925 penny. While it’s rare, it’s not nearly as rare as the 1930 penny so it’s much easier to find to add to a collection.

Evidence shows that if you have a 1925 coin penny, it was one of the over 117,000 struck a the Melbourne Mint. After World War I ended with many more losses and more expense than Australia anticipated, gold was valuable internationally, but the told pulled from Australia’s mines was dropping. This spoke of trouble for Australia’s economy, so a great deal of gold was imported from London in 1925. This gold was chiefly used to make sovereigns in 1925 at the Melbourne Mint. The Commonwealth offered a bonus to citizens bringing in British silver coins in June of 1925. To replace these large numbers of British coins removed from circulation, they had to strike Australian silver coins to ensure good retail trade through the Christmas season, but they didn’t produce nearly as many as they had only the year before.

The 1925 coin penny is sought by collectors, not just for its rarity, but because there are minor die varieties found in the coin. Records at the Melbourne Mint show that they were experimenting that year with dies and the hardening of dies, and it’s believed that these experiments led to the die variations often found in this coin.

The 1925 coin penny is sometimes found today by searching through bulk quantities of pennies, though finding one of these coins in fantastic condition is rare. When they are found, they go far behind the capabilities of the average collector, as the price has often been record-setting at collector auctions.

If you’re looking for a 1925 coin penny to add to your collection, online coin dealers and auctions like eBay are a great place to look. While the great condition 1925 pennies are extremely rare and extremely valuable, it’s not that difficult to find one in worn condition or very used condition. While these don’t look as good, of course, they’re still quite an addition to a serious world coin collection, or a comprehensive Australian coin collection.

When shopping for a 1925 coin penny, you might find a $1 auction and think you’ve stumbled onto a great deal for the coin you’ve been looking for, but read the fine print carefully. Because of the rarity and value of a fine condition coin, some sellers sell 1925 penny replicas for very little money. If you’d like to have a great condition replica, this is an option. But you can probably find a used 1925 penny for a reasonable price, so you might want to hold out for a genuine coin.

Originally posted 2008-10-28 05:00:09. Republished by Blog Post Promoter

There are some people who try to stick with the currency of their home country when coin collecting. They want the coins that they are looking for to be somewhat easy to find, and are proud of their country and cultural heritage. While this is commendable and can provide a strong collection, it is not the only type of currency you should look into. Foreign currency is an incredible type of currency to collect.

Foreign currency provides a wide variety of options and opportunities, giving you the range that you need to have a professional and interesting collection. Think about foreign currency and when it may be best for you to incorporate this type of money into your collection.

When You’re Bored

One of the best times to start collecting foreign currency while coin collecting is when you are bored with your collection. This is going to open up a completely new genre of collecting for you, helping to breathe life back into your collection. You will start to enjoy collecting again because you have fresh challenges and new and interesting coins to add to your collection. You may even start to add paper currency to your collections, giving you more depth that you collection has had before.

When You Have More Money

Most people will find that foreign currency collecting is more expensive than collecting currency from their home country. It can he harder to people to find coins from another country because the supply is overseas or held in a different country. The prices are simply raised because of shipping and rarity. If you have more money, you may want to consider adding this to your collection. You will have more funds, making it easier for you to add foreign currency to a collection without breaking the bank.

When You’re Traveling

The single greatest time to start collecting foreign currency is when you travel to a different country. You will be able to fill your collection with the current currency of the country, and will be able to find older foreign pieces easily. You will also have an incredible emotional connection to this part of your collection, because it will remind you of your vacation or trip. This is something that you will have to plan in advance for, however, as you will want to spend a decent amount of money at once. You will find rare foreign coins that you simply will not find in your home country when you travel.

For some people, a few pieces of foreign currency are all that is needed to rod out a collection. For others, a full section devoted to currencies from other countries is the perfect addition. Take a look at your collection and think about your coin collecting as a whole. Could it benefit from coins from other countries? Could paper money from other countries add detail to a one dimensional collection? The more thought that you put in, the better that your collection will turn out.

Photo Credits: oceandesetoiles

Originally posted 2011-05-06 09:49:40. Republished by Blog Post Promoter