Currency Collecting Trends

Hi All

How have you guys been. Today I would like to share abit about trends I have noticed in the currency collection field.

I have been studying the price history and trends of various currency notes over the past 3 to 4 years. This study is based on various sources such as auction prices (after premium), dealer quotes, ebay prices (only on the quality notes sold), flea markets and of course interactions with fellow collectors.

In this numismatic field I have made some interesting and very useful observations. Am sharing them today to help spread knowledge and help you form a good background in this increasingly popular hobby.

1. Price trend of currency collections has been strong, seeing particular strength in the last 1-2 years. This has been fueled by an increase in collector interest and importantly a desire to diversy away from the usual investment areas and to invest in alternatives.

2. Even with the recent price strength, the Asian numismatic market still is in its infancy stage. The prices of the notes transacted still are around 40 to 50% of the worldwide valuations.

3. With the right note, grade, signature and even serial number, it is not improbable for the value of your note to double in value over the next 2 - 3 years. To better protect your note, it would be wise to store them in non-PVC plastic or have them pouched by PMG.

4. Collectors are more willing to pay price premiums over quality and scarce notes that are rated minimally PMG 55 rather than paying a low price for a better 'valued' note that has a perceived lower grade. Basically collectors want to collect quality rather than quantity.

5. For lower denominations, series of notes are far more popular vs a single piece. This is especially pleasing to look at as a collector as I have personally witnessed.

6. It is better to be focussed on a particular field than to be too distracted and try to collect too many notes. With a fixed amount of money available to spend, quality is particularly important.

7. It is also important to identify a credible source whereby you can obtain your notes from. It should be a reputable dealer or someone you can trust and has a reputation to uphold. As per my previous post on currency due diligence always request to inspect your notes before purchase.

*At the time of writing i am in the midst of creating an affordable, useful and handy currency essential kit to help you with this. Will update you guys when it's ready. :)

8. Most importantly, you need to enjoy your notes and make collection your primary focus. If you happen to make money from your passion it's always a bonus!

Happy Wednesday folks!