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What Types of Paper Money Are Valuable?

Last updated 2 years ago

Coin collecting is a popular pursuit, but did you know that American paper money can also be valuable? Often, your local gold buyer will pay you for a prized piece. Here is a look at which types of paper money are valuable:

Gold Certificates

Gold certificates from 1928 are highly collectible types of paper money. They can be worth twice their face value or more, depending on the initial denomination. Consult your gold or silver buyer immediately if you discover a $100 or more gold certificate, as these are very rare.

Large Bills

Any U.S. paper money that’s larger in size than current bills was made prior to 1928. For example, $1 can be worth 10 to 100 times the dollar face value. The discovery of a large-size bill could pay out a significant amount.

Confederate Currency

Confederate money is fairly common, but it still holds some collector value. Money issued in 1861 is the most valuable. Unfortunately, replicas of Confederate currency are quite common. Check with an expert, such as your gold buyer, to determine if you possess a true or counterfeit bill.

1862 Legal Tender

Notes made by the Union during the Civil War are rarer than their Confederate counterparts. $1 bills are the most common, with values ranging from $100 to $1,000, depending on condition. For an accurate determination of your bill’s worth, consult your gold buyer.

1899 Silver Certificate

This $1 silver certificate is one of the most recognizable pieces of paper currency. Its unique appearance makes it desirable for collectors to own, and it is usually worth between $40 and $250. Ask your gold buyer for an offer today.

Here at Midwest Estate Buyers, we make the best offers on rare paper money. Stop by the coolest place in Indy to buy and sell jewelry to learn more, or call us at (317) 733-0099 to discuss our services.

 

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