The best way to find the value of old currency is to consult a dealer or website that specializes in currency collection. The old currency collection market is fluid, making it necessary to find a current price guide.Know More
Old currency is graded on a sliding quality scale, with uncirculated money in mint condition at the top. The extra fine designation is given to notes with few blemishes.
Circulated money is graded according to its appearance after exchanging hands and general wear and tear over the years. Notes in very good condition show signs of creasing and wrinkling. They might be somewhat dirty but are still mainly intact. Good condition is the lowest grade collectors accept. These notes have been heavily used and might be torn in spots. Corners may also be missing. Old coins are similarly graded.
Determining the value of old money depends on several factors. Country of origin is one factor, as collectors value currency from some countries higher than others. Money issued as a commemorative limited edition has more intrinsic value than everyday currency. Dates are an important element in calculating value. Usually, the older the coin or note, the more it is worth. Special marks and signatures with historical significance increase value.Learn more about Coins & Currency
As of 2015, many websites, including CoinStudy.com, PCGS.com and CoinSite.com list values of American gold coins. These sites provide updates on varying schedules, so the listed prices serve as guidelines rather than absolute current values.Full Answer >
Old U.S. pennies may carry a value anywhere between a couple cents to over $1,000, depending primarily on the date, condition and mintmark of the coin. In general, coins with earlier dates are worth more money than those with later dates.Full Answer >
The value of an old $100 bill is commonly determined by its age, condition, rarity, circulation and specific characteristics. For example, bills with red or gold seals are often designated as more valuable than those with green or brown seals.Full Answer >
Visit a website such as Coinflation.com or CoinStudy to gain an approximate value of an old silver coin as a collectible and in melt value for the silver. For example, a Morgan silver dollar has $12.85 of silver when melted down, as of 2015.Full Answer >