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When collecting paper money, always try to collect uncirculated notes if they are current issues. In many cases, a note that is in less than uncirculated condition will never be worth more than face value. The colors are usually more vibrant on an uncirculated note and the artwork is frequently more 'crisp' and easier to discern. Of course older notes can often only be found in various degrees of circulated condition. In this case, only buy notes which are visually pleasing.
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Cherrypicking is the art of searching through coins, looking for the specimens that have been overlooked for some reason. When searching through rolls of coins that you from your local bank, you might be cherrypicking for die varieties or older dates (such as looking for Wheat Pennies among the circulating Lincoln Memorial Cents out there today.)
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For most of history, coins were valued based on the precious metal they contain. Whether a coin is made by who it appears to be was of secondary importance compared to whether it contains the correct amount of metal, that is, right weight and fineness. Genuine appearance was simply a convenient shortcut to avoid time-consuming tests in everyday transactions.
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The ever-growing availability of cheap and varied material from around the world has already brought the hobby of paper money collecting well within reach of even those on the tightest budget. This is one collecting field where prices are actually falling in many areas, mainly where new issues are concerned. For this, we can thank the effects of inflation. In comparison to western countries, many countries have steep inflation rates, making their currency sink in value in relation to our own. Thus, their currency notes become ever cheaper for us to obtain. Some typical cases from recent years include Brazil, Peru, Argentina, Russia, Zaire, Iraq, Yugoslavia and Turkey. In fact, we can even obtain notes with denominations of 50,000,000,000 or more for a dollar or two! Another exciting source of very cheap notes has recently emerged: the new ex-Soviet republics. Here is an opportunity to obtain the very first issues of several new republics for mere pennies. One can only imagine the value these first issues will have to collectors in future years.
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cheap morgan silver dollars Stories

Coin News Daily for August 1 2008

Fri, 01 Aug 2008 18:09:24 +0000
Additional Coin Collecting News from across the web presented by CoinLink
Differences between wear, friction subtle but distinct
Experts contacted by Coin World are mostly in agreement with what the two terms mean, and even mention specific series that are affected by each. But, advanced and beginning collectors should be cautioned that it is no easy task ...]

Travels with Herb - Spokane Spokesman-Review

Wed, 06 Aug 2008 23:20:00 GMT
Straight south today, from Tucumcari, New Mexico to Deming N.M. Very high country. For about the last 75 miles into Albuquerque, I was above 5000 feet elevation, and loosing power ...

Loonies and Toonies - Canadian Dollar Coins

I have just returned from a wonderful 10-day trip to Nova Scotia and the Canadian outback, and as a dedicated numismatist, I couldn't help but observe the way that the...

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