SheKnows.com: Currency Collecting

By May 9, 2016Featured, News
[via SheKnows.com] The United States Department of the Treasury has recently announced that the $20, $10 and $5 bills will be getting makeovers to honor America’s history. The new designs will feature notable women, including Harriet Tubman on the face of the $20 bill, and will be revealed in 2020 to celebrate the bicentennial of women’s suffrage. This exciting overhaul to the design of American currency has left us with money on the mind!

As a pawnshop, we often deal in collectible currencies. American currency has a long history, beginning with the use of colonial notes in the 1690s. Many people collect old or rare banknotes and coins, and some of these currencies can be extremely valuable.

The worth of collectible currency depends on age — the older the better — and condition. Both coins and paper money are graded on a scale of 70 points, with a grade of 70 indicating the currency shows no evidence of handling at five times magnification.

Keeping age and condition in mind, check your piggy bank for the following collectible coins and paper bills.

Read the full article for a list of specific currency to be watch for and other tips and insights.