Social Media Links
Below:
Are just a few of the emerging social media outlets for banknote collectors. These channels of info can be both positive and slightly bent. On the one hand, they're a positive outlet for collectors to share pictures of their SETS & may spur others to join-in on the fun. On the other hand, there can be a trend for dabblers to collect/post anything blindly (& the peanut gallery will suggest Third Party Grading on the most ridiculous items). I've seen (& flagged) Instagram accounts that have pushed counterfeit currency: so be wary & exercise some caution on Social Media! Keep in mind that many of the posts (& posters) are learning the ropes to this hobby (just like many of us when we first started out). Unfortunately, some of the greenhorns will pose as experts! It could be the realm of great (pertinent) information (such as this PCGS World Collector's perspective) or completely misleading information (& hyperbole for UPVOTES/Likes).
I have shared some of the better videos from CNBC, CoinWeek, etc. I hope you find some of these fun (&/or interesting perhaps)!
UK: upcoming changes:
A short Euronews clip on the new King Charles III design which will be soon featured on UK's new series of polymer banknotes.
CNBC: What is wrong with american cash?
Coinweek: Pmg grading currency
IBNS jonathan callaway Interview
is Cash a thing of the past?
FACEBOOK GROUPS:
ALL of the FB Groups below need your registration as a FB user & typically an invite (unless stated as "Public.") Don't worry, most "private" groups allow members to conceal their profiles & allow administrators to censor proper conduct on their forums. Before you jump in too deep, please remember that FB groups are often inhabited by enthusiastic collectors who may think of themselves as "experts" and believe collecting consecutive UNC banknotes is as good as it gets. I have seen several of these groups auction off VG circulated banknotes which have been excessively over-graded & crazy bidding frenzies on pretty common stuff. So BE CAREFUL. They're fun places to check out but be sure you know what you're getting yourself into.
Update: It has been 3 years since I added the info above on FB Groups (5/23/22). I have updated the stats below & one group has disappeared (so I deleted it). All groups have enlarged & I think its safe to say that a lot of these groups improved with time. I know a few collectors who have abandoned eBay to sell using a FB Group so my take has softened (that they are more useful than useless). Buying (& to a lesser extent selling) always involves a bit of risk in terms of all parties being trustworthy when we're dealing with money. It is what it is.
Banknote Collection (Private group: 17.1K members*/Anyone can view)
Banknote Collecting Society (Public group: 5.5K members/Anyone can find/view)
Canadian Coin & Banknote Auctions (Private group: 337 members/Anyone can find)
Canadian Coin, Paper Money (Auction - Sale - Trade) (Private group: 7K members/Anyone can find)
Canadian Coin & Paper Money Ask, Answer and Show (Private group: 3.1K members)
WORLD PAPER MONEY CLUB (Public group: 16.6K members/Anyone can find/view)
*members stats as of 05/23/2022
Historical perspectives:
Bank of Ireland's Series designer: Robert Ballagh
REDDIT:
Banknotes (Private 3.5K members**)
Here is one of my contributions as "Serious-Carpenter75"
The question is, "SHOULD I SEND MY BANKNOTE TO PMG TO BE GRADED?"
Very good advice here with "it depends." As @spalding91 pointed out, it costs $25-$40 USD per note graded by PMG. I have used BCS (Banknote Certification Services) here in Canada & they were about $10 CDN per note (now about $15 CDN per note for bulk grading/taxes/shipping included). That's about $10 - $12 USD/note. This is considerably cheaper in cost than PMG but they only grade Bank of Canada/DoC. I use the principle that the banknote must be collectible & have a Book Value about 3-4 times what it costs to grade (so BV should be about $50 - $75 per note) to certify a note.*
I would like to grade some world currency (which BCS won't certify) in the future & might have to adjust these guideposts slightly (like BV 2-3 X cost to grade) since grading is so much more expensive with PMG & some of these were cheap (in comparison to the CDN BCS graded notes). I have several special serial numbers which will be certified only if I feel they're truly Original UNC. So, I will only use TPG (Third Party Graders) on banknotes that I feel are UNC63 EPQ & up (unless the note is quite rare & EF+/AU).
*(the reason I have this guiding principle is that I've seen far too many non-EPQ common banknotes graded & wonder "who will buy/collect that note?")
Go here to read the entire post.
CanadianCoin&Currency (Private: 35 members)
Coins (Private: 62.1K members)
Papermoney (Private: 2.7K members)
**members stats as of 05/23/2022
Below is a video about a treasure hunter who finds a stash of cash featured on Reddit.
Next are a few videos by Fredo Rockwell.
REFERENCE TOOLS FOR US PAPER MONEY COLLECTORS
(An interesting blog with some great links)
fredo rockwell's videos on currency:
Youtube:
Youtube is much like Facebook: I have seen videos describing "safe ways to wash your banknotes" (I would not recommend this!) Some of the videos below are just awesome entertainment too, so check these guys out:
Fantastic educational videos from the American Numismatic Association!
See the video below FB Groups, comparing "circulated" to "uncirculated" banknote grades.
HISTORICAL PERSPECTIVES:
Check out the links above on pre-decimal currency in England & some of the Commonwealth nations.
(how crime spurred on the development of these banknotes)
Please check out the interviews of two US dealers, Judy Kagin & the coin guy. Both are very interesting.