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Banknotes for Sale, and They are Going Away, Far Away!
December 05, 2007

Shopping for Notes?

This fall I have had the opportunity to help a "retired" collector disperse his paper money collection. I found it was interesting in that it was a mix of numerous very expensive items and a bunch of common items, and then some non-saleable items. It was a collection in that it was organized, labeled and identified, but it did not form a pattern it was purely random. There were no complete country type groups, nor topical areas such as birds or Queen Elizabeth II portraits. Many of the items were purchased in-country on overseas business trips in the mid 1960s.

That is what made it exciting. It was fresh material. Several high denominations, some of which I had never seen in person. When I priced it out and brought it to the Mid-west chapter of the International Bank Note Society, I created a feeding frenzy at two meetings straight!

Now, I have begun to sell the notes on a popular internet auction site. Due to the weak dollar, strong Pound and Euro, and many other currencies, and the ease of electronic payment, most of my sales have been to overseas customers, both in Europe and Asia. The cash availability and market for China is exploding.

It is nice to have the opportunity to experience and play in the marketplace, rather than being an observer.


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About the Author
George Cuhaj has been with the Krause Publications numismatic team since 1994. He is editor of the various editions of the Standard Catalog of World Coins and the Standard Catalog of World Paper Money. Prior to joining KP, Cuhaj was employed by the American Numismatic Society and Stack's Rare Coins, both of New York City. He is a Fellow in both the Royal Numismatic Society and the American Numismatic Society. He also is a life member and past board member of the International Bank Note Society. Cuhaj was elected an Allied Professional Member of the National Sculpture Society and has had his medallic work exhibited internationally.

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