Paper Money Products
U.S. Large Size Federal Reserve Notes
U.S. Large Sized Federal Reserve Notes were the first Federal Reserves Notes ever issued. They were nearly half an inch taller and more than an inch longer than present-day notes. This is why these notes have the affectionate nickname “Horseblankets,” with their large size measuring 7 3/8 x 3 1/8 inches. The notes issued before 1929 have the greatest variety of subject matter, history, and beautiful, artistic designs.
These historical pieces feature highly detailed designs and artwork that is breathtaking. With their symbolic design elements and unique themes, U.S. Large Size Federal Reserve Notes are the most popular area of collecting currency by collectors worldwide. They showcase some of the finest examples of the art of engraving.
U.S. Large Size Gold Certificates
Instead of storing actual gold, you can have a gold certificate, which is a certificate of gold ownership. The overall history of the gold certificates ranges from 1863 to 1933; when, the U.S. Treasury issued gold certificates that were redeemable for gold. Large size gold certificates were printed by the U.S. government from 1863 to 1928 when they began printing the smaller size.
In 1933, the government requested for everyone to return every gold certificate but not everyone complied, which makes these documents a rare collectible today. While no longer redeemable for gold, they were printed and issued in denominations of $10, $20, $50, $100, $500, $1000, $5000, and $10,000, with only the four lower denominations usually available.
U.S. Large Size Legal Tender
The U.S. Large Size Legal Tender, also known as U.S. Notes, replaced the Demand Notes in 1862. These are the longest-lived paper money in the United States. This currency lasted from 1862-1923, with their notable bright, dark green imprints on their backs giving them the nickname “greenbacks”.
U.S. Large Size Silver Certificates
A silver certificate, like a gold certificate, is a certificate of ownership that silver owners hold instead of storing the actual silver. The government issued U.S. Large Size Silver certificates between 1878 and 1964 in the United States as part of its circulation of paper money. The production of these certificates in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.
The Large Size Silver Certificates were initially redeemable for their face value in silver dollar coins and available in denominations of $1, $5, and $10. Silver Certificates are popular paper money to collect due to their attractive designs and historical value.
U.S. Large Size Treasury Notes
U.S. Large Size Treasury Notes were first authorized in 1890. They used these Treasury Notes, known as Coin Notes, to pay for the silver bullion purchased by the U.S. Treasury Department. It was left up to the Secretary of the Treasury whether it was redeemable as gold or silver. In 1893, the redemption of Large Size Treasury Notes for gold almost bankrupted the Treasury.
U.S. Large Size Treasury Notes are prized by collectors due to the beautiful engraving on the notes.
U.S. Small Size Gold Certificates
All Gold Certificates issued were backed with an equivalent amount of gold deposited in the U.S. Treasury payable on demand to the bearer of the certificate. The U.S. government started off printing a larger size then printed a smaller size from 1928 to 1933. In 1933, Franklin D. Roosevelt issued the Gold Reserve Act of 1933, which made the Large and Small Gold Certificates obsolete.
While no longer redeemable for gold, they were printed and issued in denominations of $10, $20, $50, $100, $500, $1000, $5000, and $10,000, with only the four lower denominations usually available. Today, U.S. Small Size Gold Certificates are just as popular with collectors as the U.S. Large Size Gold Certificates.
U.S. Small Size Federal Reserve Notes
As a result of the Federal Reserve Act in 1913, a central banking system was established. This created what is known as Federal Reserve Notes. They introduced the new smaller Federal Reserve Notes series in 1928 and 1929.
These notes have been printed in denominations of $1, $2, $5, $10, $20, $50, $100, $1000, $5000, and $10,000. Currently, the largest printed is the $100 denomination. These U.S. Small Size Federal Reserve Notes are still in circulation today.
U.S. Small Size Fractional Currency
The unique U.S. Small Size Fractional Currency was printed before and after the Civil War. This was due to the widespread hoarding of gold and silver, which created a shortage during that time. Fractional Currency received the nickname “Shinplasters” because of the small size of these paper coins.
Congress stopped printing this paper money by 1876 when Fractional Currency was no longer needed. They originally printed this currency in denominations of three cents, five cents, ten cents, twenty-five cents, and fifty cents. Due to the uniqueness of Fractional Currency, you will find plenty of Fractional Currency available, but that doesn’t mean there isn’t rare Fractional Currency available.
U.S. Small Size WWII Emergency Issues
For the island of Hawaii and the troops in North Africa, the U.S. issued a special currency during World War II. These Hawaii notes feature a brown seal and are overstamped with the word “HAWAII” on the front and back of the note. Since this paper money was printed for the Hawaiian islands during World War II, collectors generally refer to this currency as Hawaii Notes.
The idea was that if the money supply in Hawaii was taken over by the Japanese that the United States could devalue any money that said Hawaii on it. Hawaii notes are still good today at face value. Most new collectors are attracted to Hawaii silver certificates and federal reserve notes because they are different.
Texas Government Currency
Texas currency is ornately designed and highly collectible. This currency is a piece of early Texas history. Now it’s termed as obsolete paper money, which is any state-issued banknote before 1860 that is no longer redeemable at its face value.
The highly collectible Texas currency is a historic currency that has been reproduced as a novelty item, so replicas are quite common.
Republic of Texas Currency
In 1837, the Republic of Texas issued its first paper money, which this currency was called “Star Money.” It was not a face value currency, but instead, interest-bearing notes that are similar to treasury bills. This was followed in 1838 by the Texas “change notes” that featured elaborately designed fronts with blank backs.
The Texas government printed over two million dollars in Texas “Redbacks” in 1839. This currency was issued in the following denominations: $5, $10, $20, $50, $100, and $500. They were initially worth about 37 cents to a U.S. dollar. The Texas Redbacks became virtually worthless by 1842 when they lost the power of legal tender.
How to Buy Paper Money
Buying collectible paper money can be overwhelming if you are not sure what you are looking to buy. There are many factors that determine why some currencies are valued higher than others. Knowing these can help you decide how you would like to buy paper money. If you are looking to buy paper money, consider the following questions:
- What is the condition of the paper money?
- Is the paper money rare or scarce?
- How sought after is the paper money?
- What type of currency do you want to collect?
- How much do I have available to invest in paper money?
U.S. Coins and Jewelry offers competitive prices on paper money. As Houston’s most trusted dealers, we are here to help you find the best deals on all kinds of collectible currencies. Contact us through our website, by stopping at our store, or at (713) 597-6367 to discuss how you can get the best deals on various paper money.
What’s The Best Paper Money to Buy?
Determining the best paper money to buy varies from person to person, but there are some popular forms of currency to invest in. Some of the most popular types of paper money are:
- U.S. Large Size Paper Money
- U.S. Small Size Paper Money
- Federal Reserve Notes
- Confederate Currency
- Republic of Texas Paper Money
- Gold Certificates
- Silver Certificates
How Much Does Paper Money Cost?
If you are just starting your paper money collection, you may find that there is a wide range of prices for this investment. Determining the cost of your paper money depends on the condition and rarity of the currency. Below are factors that can help you learn about the cost of paper money.
- Rarity and scarcity - Some collectors desire paper money that is historically significant, while other collectors appreciate the detailed artwork on the paper money. Depending on what you are looking for depends on whether the currency is rare or scarce paper money.
- Condition - The condition of the currency is the most important way to determine the paper money’s value. The factors that determine the condition are whether the paper money was circulated or uncirculated and the condition of the paper itself.
If you have questions about a certain note’s value, call us at (713) 597-6367 to talk to a specialist.
How to Sell Paper Money
Knowing the value of your paper money collection is daunting. From Gold Certificates to Republic of Texas & Confederate Notes, mistakes, misprints, error, and obsolete currency, our experts at U.S. Coins and Jewelry have seen it all. Our paper money experts are constantly studying the market to ensure that you get an accurate and fair price for your paper money.
At U.S. Coins and Jewelry, we are the leading source for buying and selling paper money in the Greater Houston Area and have been for over 35 years. Contact us at (713) 597-6367 or fill out our online appraisal form to sell your paper money and currencies today!
Buy Paper Money from U.S. Coins and Jewelry
Get more detailed information by reading our historical currency blogs for the most up-to-date information on the money markets. These resources can help you find out which currencies have the most value and how to navigate the buying and selling process. Contact a paper money expert at U.S. Coins and Jewelry to buy the best paper money and currencies.