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Money is an important part of the cultural
heritage of a country. This is because it is a reflection of its
socio-economic history. Many people collect gold and silver
coins for the sheer advantage of its value but apart from that,
there are many collectors who love to collect paper currency.
They obviously pay more money than the actual paper currency
values for its acquisition.
Old paper currency is indeed a great prized possession of any
collector. There are a large number of collectors who collect
world currencies as the start- up of such a collection is
relatively inexpensive. World currency collectors are usually
interested in historical references look for portraits of
monarchs or certain specific historical eras on the paper money
currency. |
The Indian currency notes reflect the changing trends in the
country’s socio-cultural scenario. This is one of the reasons that
collector’s and history lovers are interested in the acquisition of such
notes. Mercantilism, colonialism, imperialism, the grandeur of empire,
to the symbols of National Independence, technology development,
Gandhian era etc all are represented in the rare coins, old paper
currency, new currencies of India.
Most collectors love to acquire the Indian currency notes prior to the
establishment of the Reserve Bank of India. The earlier notes issued by
the Bank of Bengal had the denomination of the currency written in three
languages and was multi-colored and decorated with a complicated design.
It becomes quite a collectible’s item to acquire these ancient paper
currency Indian notes. Other paper currency notes carried the British
monarch’s portrait which was released in the early 1920s.
Like in the case of ancient coins, price guide for paper currency are
available as well. There are books, publications and catalogues which
list price guidelines for all types of paper currency. They also present
a fair idea of paper currency values. A paper money dealer can give a
lot of details regarding the price guides.
Collection of paper currency is not just enough. Storing and proper
maintenance is important as well. It is better to store the money in a
paper money holder to ensure that the note does not get damaged. The
best way to develop a good collection is by establishing proper contacts
with a reputable dealer. Once the dealer has an idea about what one is
looking for, he or she can help one acquire the right paper currency to
build ones collection.
Genuine ancient paper currency of any origin can fetch quite a tidy sum
over their face value especially the American currency which has great
demand in the paper currency collection circuit.
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