What is Paper Money Collecting?
Paper money collecting is a fascinating hobby that is fast becoming a global favorite. It is very similar to coin or stamp collecting. People from all over the world collect paper money of different countries or eras. Some people even collect the banknotes that have specific themes, eg. wild life, birds , animals, portraits etc.
You can learn a lot by collecting and studying the banknotes from different parts of the world. It is believed that paper money currency is the heart of the country it comes from. Why is this? Probably because this is the best way to find out what is most valued in the culture of the country it comes from. Usually you find the portraits of its most respected citizens, men and women who have contributed a lot to the development of the society. Pictures of its most important buildings, its architectural landmarks, and sometimes favored artists are all represented on the paper money.
Paper money collecting can become a very neat way to get your children to expand their knowledge of the world.
In addition the notes overtime could appreciate in value and if or when this happens your collection then becomes a great investment.
Paper Money Collecting Store
Fetching RSS feed... please stand byPaper Money Books
Standard Catalog Of World Paper Money, General Issues (Standard Catalog of World Paper Money Vol 2: General Issues)
Amazon Price: $50.40 (as of 10/07/2008)
Standard Catalog Of World Paper Money Modern Issues (Standard Catalog of World Paper Money. Vol 3: Modern Issues)
Amazon Price: $34.65 (as of 10/07/2008)
The Official Blackbook Price Guide to United States Paper Money 2009, 41st Edition (Official Blackbook Price Guide to United States Paper Money)
Amazon Price: $7.99 (as of 10/07/2008)
Paper Money Collecting Blog
Fetching RSS feed... please stand byHow did Paper Money Come about anyway?
The Very Beginning of Money in Paper form.
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In the earlier days the means of exchange was in precious metal, mainly gold, silver or bronze. The main disadvantage that made valueless paper money more attractive was the weight of the metals. Merchants found it cumbersome, to carry the gold or silver they needed to make bulk purchases. Then very soon wars and battles made it imperative that paper notes that were redeemable with precious metals were issued especially as hoarding the metals became a widespread practice.The first known paper money note was called Jiaoz it originated from china.
Paper Money : Banknotes Explained.
A banknote (often known as a bill, paper money or simply a note) is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes make up the cash or bearer forms of all modern money. With the exception of non-circulating high-value or precious metal commemorative issues, coins are generally used for lower valued monetary units, while banknotes are used for higher values.
