Unless you're a serious coin dealer, collector, or financial history buff, you may consider facts about national currency to be of little use. However, if you or someone in your family has access to money printed between 1862 and 1935, you could be sitting on rare and valuable items.
American Coins & Gold is a New Jersey and New York-based buyer of monetary memorabilia, and their certified professionals will help you discover the true gems in your personal collection. To shed some light on everything you didn't know about dollars and cents, they’ve compiled a brief guide to antique currency through the years.
Money as we know it today can be traced back to a series of notes known as "first charters," which were printed between 1862 and 1881. These notes could be issued through any nationalized bank that wanted to print money, and there were 12,635 banks doing so at the time. Cash and coin dealers are always on the lookout for first charters and the historical notes that followed, with appraisals based on the bill's condition, denomination, issue type, serial number, and the bank that originally issued it.
First charters were followed by a series of 1882 notes, the first of which are named for their brown back. Two other forms of Brown Back national currency were in this series, but they eventually made way for Blue Seal and Red Seal notes in 1902. Of these two varieties, cash and gold-buying experts deem Red Seal notes more valuable, which makes them a highly coveted item among currency collectors.
Finally, there were the 1929 notes. While these aren't as rare as some of the previously mentioned versions, it's always worth checking with a professional buyer before you write them off completely.
Those looking to sell antique notes, coins, and other precious metals will find the highest cash payouts at American Coins & Gold. Even if you don't want to sell, they will be happy to appraise your items at one of their three locations. Visit this coin dealer online for more information on currency buying, and call the Bridgewater, NJ, shop at (908) 575-9400, the Wayne, NJ, shop at (201) 628-4800, and the Garden City, NY, shop at (516) 742-0900.