Notaphily - Paper Money Collectibles

What is Notaphily?

Notaphily, or the study and collection of banknotes or paper money, is an extremely interesting hobby, due to the major role that currency plays in our society. Paper money collectibles are not just available in many formats and styles; they are also an increasingly valuable form of collectibles. Though not as popular as coin collectibles, paper money collectibles have their own dedicated share of collectors. A relatively inexpensive hobby, paper money collectibles can get as expensive or cheap as your budget allows.

Notaphily is heavily practiced around the world, with most people leaning towards obtaining paper money collectibles from a single country. Now this can get expensive, as some of the older paper money collectibles can fall out of the range of average collectors. Before you can begin decide on a category of notes you wish to collect. While some prefer paper money collectibles from one country, others collect world paper money collectibles.

Once you have decided what to collect, you need to get as much information about it as possible. Join societies such as the Society of Paper Money Collectors, Professional Currency Dealers Association or the International Bank Note Society, which regularly take out newsletters and hold conventions and lectures. These are a treasure-house of information, and should be a step every notaphily enthusiast takes. Apart from this, the book, 'Standard Catalog of World Paper Money', all three volumes, a work which was started by Albert Pick, is a must have for every collector. It is updated annually and contains information on almost all the paper money in the world.

To start collecting, begin by visiting auctions and shows; also let dealers know about your requirements so that they can notify you when something comes up. Mail auctions are a popular means of trading paper money collectibles and you could also place inexpensive ads in the newsletter you subscribe to. When buying keep an eye out for damaged notes, and avoid buying notes which look like they have been fixed up.

Now that you have started your collection, you will have to find ways to store your paper money collectibles safely. Notaphily is not just about obtaining paper money collectibles, but also about their storage and maintenance. Most collectors prefer Mylar holders, which can then be kept in boxes. Avoid using plastic bags or anything that contains PVC, which is damaging to notes. Also avoid exposing the notes to direct sunlight, as this can cause the notes to fade.

Notaphily is not just a hobby, as paper money collectibles appreciate over time, making them a good investment option as well.

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