Application Of Time Value Of Money

How to Determine the Value of Antique Money

A collection of antique money makes a fun hobby or an excellent inheritance depending on the value of the money. Use this guide to learn how to determine the value of antique money, and enjoy your exciting antique money collection.

Factors That Affect the Value of Antique Money

Coin and paper money values are determined by several factors that include the condition of the money, the rarity of the item and the demand for that particular antique money. Rarity influences paper money collecting values by ensuring that only a small number of the collectible items were produced. Demand changes according to how many items are available and whether or not these items have value. Demand is also influenced by location, especially when a type of money is easily recognized in a specific location.

Judging The Condition of Antique Money

An old paper money value guide offers pricing determined by the type of money and its condition. Condition is a very important factor when you're considering the purchase of collectible antique money. Condition is ranked as "mint" when the money is in perfect condition and is uncirculated without signs of wear. Antique money is given a specific grade from "mint" to "poor" depending on the wear and damage to the bills or coins. Antique money in the best condition is considered the most valuable, says Paper Money Guide.

Make Online Comparisons

There are plenty of websites on the Internet that offer a US paper money price guide. Often, these guides share photos of antique money in a variety of conditions so that you're able to compare your antique money to the photos and determine a condition ranking. Once you've determined the condition, use the old paper money value guide to figure out pricing for your antique paper money.

Ask an Expert

Antique paper money and coins are often bought and sold by pawn shops and coin collectors. Ask an expert in the coin collection or paper money collection business to help you find the value of your antique money. Many of these experts offer free appraisals of your antique money if you bring the money to the store or even mail the money in a package that is insured.

Use an Online Auction

Online auction websites are a great place to find the current value of antique money. Once you've determined the condition of your antique money, compare that money to the pricing of similar money recently purchased via an online auction website. This gives you current pricing and purchasing prices that are up-to-date without dealing with a pawn shop or coin collector. Check out auctions of antique money in the same condition as your money, and you'll find actual sales pricing information.