What do Expert Collectors Know About the Collectible Values of Old Indian Currency Notes and Stamps?
Hobbyists who happen to collect money, are thought to collect coins only. But, the complete field includes a broader study of the nature of exchanging services or goods, paying debts, and this includes paper money, coins and various other economic tools. Expert hobbyists know that there are numerous qualities involved in examining collectible currency values. They start by verifying the year of printing of the old Indian currency notes.
Every currency carries one year printed on them and at times includes several. The printed year is known as the series; the design of the note was approved for publishing as legal tender. However, it doesn’t indicate that it is the year when the specific currency note was circulated.
Signature on the Old Indian Currency Notes
Expert collectors learn that the ideal way to find the age of currency notes is to verify the signatures on them. Initials of the official in charge of the treasury are imprinted on the plates to print currency. The signatures change frequently and so by dating the term of the person who signed it. It is quite possible to determine the date when the note was printed actually.
People are of the opinion that the value of collectibles like postal stamps of India and currency notes rise if it is old and if it has the least signs of deterioration. Currency experts are familiar with the fact that age is of very little use in determining the collectible money value. The thing that matters the most is how rare the particular note was when it was actually created.
For example, there might be thousands of currency notes from the 19th century and in great shape. However, their paper money is not more than the face value of the currency as there have been so many notes printed. Collectors often stress that it is the original rarity of the currency and the rate at which the notes endure that decide their value.
One more thing that puzzles outsiders regarding collectibles is the currency condition issue. Several people deem that if the printing of a note is readable. It plays a key role in the value of the note. But, in actuality, any note that was not capable of reading would never be a collective since there will be no way to decide whether it fits into the category of rare currency, to begin with.
Expert collectors will teach beginners some of the intricate methods for categorizing paper money and postal stamps of India. Rather than utilizing vague terms like “mint condition”, collectors persuade them to illustrate the currency based on exact factual observations. For example, it is always better to note the folds of a note or whether the corners are torn. Depictions like these are more likely to acquire the respect of collectors who are interested in buying the currency.
Lastly, here is one major factor that you need to keep in mind in evaluating collecting currency value. If the old Indian currency notes that you own are rare while it was printed, it is worthy and valuable. Saving rare notes for years together will not make them more precious. Professionals say that it is better to put a rare note up for sale today for its good value than to try and make it even more worthy tomorrow.