General Information Regarding National Currency

General Information Regarding National Currency

Never Attempt to Improve Currency
It can be tempting to try to iron folds out of a note, brush out a stain, erase any odds marks, or wash out dirt. All of these practices are frowned upon and are easily detected. In every situation such actions will reduce the value of a note. If your note is in a frame or mounted somehow, do not attempt to remove it from the housing. Leave it as is and let us recommend a professional to help you.

The Shotgun Approach
When some people have a note to sell they make up a form email and send it to every dealer they can find. We strongly advise against this. Remember, you are selling a rare collectible, not a used car. National currency tends to have more value if it is fresh to the market and only a few people know of the existence. Many collectors are private by nature and there is a lot of prestige and pride in having a note that hasn’t been auctioned or been posted on a national dealer’s website. Shopping a note around too much will actually decrease the value of the note.

“I’d Need to See It In Hand”
One of the oldest dealer tricks in the book is to ask to see a note in hand before agreeing to a set price. Here’s how it works: The dealer/buyer names a price that he knows is over market value. However, he stipulates that he would need to see it in hand before he could send a check. Once he has the note in his possession he finds something wrong with the note and signifcantly lowers the offer. The seller has already gone to the trouble of shipping the note and often resigns to the lower price to avoid the hassle of trying again.