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Picture of Beginners guide to collecting currency
Have you ever wanted to start a currency collection? Well this Instructable will teach you the basics of collecting currency.
 
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Step 1: Decide on what type of currency to collect

Picture of Decide on what type of currency to collect
There are many different types of currency collections that you can start but here are just a few.

Large-size types, lower denominations: A collection of $1, $2 and $5 values.
Interesting serial numbers: Low serial numbers such as 00000001, 00001429, 000016776, and others sell for a premium. Another example is a "radar" note, which is currency with thew same serial number forward and backward, such as 12344321 or 44888844.
Star notes: When a note is found defective after printing, it is replaced with a star note. On federal reserve notes, the star is after the serial number, while on all other issues, the star comes before.
Currency errors: All sorts of interesting errors and misprints exist, such as a double denomination, such as a $10 printed on one side and a $5 written on the other. (The serial numbers were blurred a bit.)

Step 2: Know your facts

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Before going out and purchasing currency, be sure to know all of your facts. Some dealers may try to overcharge, while others do not. To determine what you should be paying for currency, you will need to know the grading system. To determine what you should be paying for a note, you can look in The Official Red Book, or similar books. You can also check auction sites such as ebay.

Grade | Numeric rating | Description

Gem Uncirculated | Unc-65 | A note that is flawless.
Choice Uncirculated | Unc-63 | Almost as nice as Gem Uncirculated, but not quite there.
Uncirculated | Unc-60 | Retains its original crispness. It may show signs of improper handling.
About Uncirculated | AU-50, AU-55 and AU-58 | Appears new but shows very slight signs of use.
Extremely Fine | EF-40 and EF-45 | Shows some faint evidence of circulation.
Very Fine | VF-20, VF-25, VF-30 and VF-35 | A note that has been in circulation, but not for long.
Fine | F-12 and F-15 | A note that shows much evidence of circulation.
Very Good | VG-8 and VG-10 | A note that shows considerable wear or circulation.
Good | G-4 | A note that is badly worn.

If you send your currency off to a third party company to be graded, be sure to send it to a reputable company such as PMG.

Step 3: Purchase your currency

Picture of Purchase your currency
Now that you know what you want to collect, and what you should be paying for it, it is time to purchase your currency. If you live in the U.S., you can purchase some currency from the Bureau of Engraving and Printing here. You can also look up currency dealers in your phone book, or check newspaper ads. Another place is an online auction site such as [www.ebay.com ebay], but be careful. Some sellers may have their currency over-graded. Check the seller's feedback before making any purchases.

Step 4: Handling your currency

Picture of Handling your currency
After you have purchased your new collection, you will need to handle it properly in order to prevent damage of the note/s. Try to avoid any direct contact with the currency. Whenever handling it , be sure to wear cotton gloves, and do not bend the currency.

Step 5: Storage

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It is best to store currency inside a currency "sleeve" which you can purchase from a local currency dealer. Be sure to keep your currency in a dry place to prevent a build up of moisture.

Step 6: Let your collection grow

Picture of Let your collection grow
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Now that you know the basics of collecting currency, you can let your collection grow. Soon you will have a large collection, and will be amazed at how much it can sell for.

If you don't see some information in this guide that you think should be present, comment below. Don't forget to rate and comment.

Good luck with your collection.

faiza210 months ago

Its really nice tips for currency collection. I read all article and get many tips and ideas. Such a good work. http://www.forextrading.pk

cvalues3 years ago
There are several factors that have direct impact on the value of Canadian coins today. Some of them are the reason why coinage from Canada sometimes receives warm appreciation, and times are ignored and shrugged off. To comprehend the drive of Canadian coin values, you must familiarize yourself with the history of how they were originally rated.

Coin Values
malam63 years ago
Hi, i have some some good collection too..check my site out
www.ancientcoinscollection.com

I got alot of money from the civil war feb 17 1865
hey i have a 1957 $1 star note!
Chonobo5 years ago
at school, i traded a fruit roll up for a u.s. $10 silver certificate from 1934, but it was ripped in the middle but....oh well! haha
=SMART=6 years ago
Cool ! I have a few really old coins but i dont know if their worth anything
plane phanatic (author)  =SMART=6 years ago
Nice! You can view coin values here if you are interested in what yours are worth.
SWEET THANKS
=SMART= =SMART=6 years ago
oops sorry caps-lock
Brennn107 years ago
I have about 10 $2.00 bills from the 1930's through 2006. My brother has quite a few silver certs, and a large note. We love to collect currency, along with coins.
me too!
Flumpkins6 years ago
I looked through my wallet to look at the star notes, and I picked out 2 that seemed neat. Here are then numbers: 60000875. One of the first 60 million. 60866668. Really weird. Mostly 6s, with 2 8s and 0.
plane phanatic (author)  Flumpkins6 years ago
If you visit here, you can view other notes like that. These notes usually tend to sell for a few more dollars than their face value, and they are pretty good to collect also.
I'm sure niether of mine are worth any more than 1 dollar.
Awesome. I have too much to list.
+5/5 stars. (added to favorites)
plane phanatic (author)  GorillazMiko7 years ago
Thanks!
Gjdj37 years ago
This is another real quality instructable from you. Nice job! I haven't collected much currency, I just have a few silver certificates. 5 stars and favorited!
plane phanatic (author)  Gjdj37 years ago
Thanks! If you keep collecting currency, soon you will be surprised as to how large your collection gets. Good luck with your collection.
Yeah, thanks.