Coins

Where to Sell Coins | Coin Buyer – Las Vegas & Henderson, NV

Sell Coins

Coins have been a part of human history since ancient times. Without coins, our monetary system would not be the same as today. Coins are valued in different ways, such as their face value, numismatic value, or bullion value. Read below to learn about where to sell coins, how to sell coins, coin values, and coin buyers in this blog.

Brief History

Humans have been using coins as early as the 7th century BC. The earliest records of the use of coins were in the Iron Age Anatolia, most especially in the kingdom of Lydia. Early civilizations made these early using a naturally occurring alloy of gold and silver called electrum. They did not make the coins uniform in terms of weight and might have used them in rituals.

Early coins also do not have inscriptions or writings, only an image of an animal. Thus, making it difficult to date them. The only way to date these ancient coins is through archeological evidence that experts excavated from sites such as the Temple of Artemis at Ephesus—the earliest known side of electrum coins.

Private citizens sanctioned a lot of early Greek and Lydian coins. Thus, the coins are more likely to be tokens or badges than coins for trade. However, since there were so many of them, it is most likely that the government was responsible for issuing them. The earliest engraved coins were from 625 to 600 BC from Ephesus in Ionia bearing the words “I am the badge/sign/mark of Phanes/light” or just “of Phanes.” When you sell coins, we recommend understanding some of its histories to give your cion buyers the impression that you know what you are doing.

Later Coins

King Croesus of Lydia issued the first true gold coins from 585 until 546 BC and called it the Croeseid. Historians credited the king for the first gold coins that had standardized purity for general use. He was also credited for the world’s first bimetallic monetary system in 550 BC.

Coins quickly spread across civilizations in the 6th and 5th centuries BC. As a result, different coin systems were developed, such as the Greek coinage, Achaemenid coinage, and Illyrian coinage.

Throughout the Roman Empire, its government used standardized Roman currency—which utilized diverse coinage such as gold, silver, bronze, copper, and orichalcum. Citizens still used significant gold and silver coins such as Aureus, Denarius, gold dinar, and Solidus until the Middle Ages.

Numerous types of coins emerged throughout history and were used in many different ways. Today, coins are still very much a significant part of our lives. We use coins in various ways and are important in keeping the worldwide economy alive. More than that, you can even earn a good amount of cash if you sell coins to a coin buyer.

Types of Coins You Can Sell

Coins come in many shapes and forms and come in different face values. However, some coins are more valuable than others. If you plan on selling your coin collection, knowing what type of coin you have is good. Below are the two types of coins that exist today.

Currency

Currency is the most common type of coin we see today. It is fiat money or money that has nothing to do with commodities such as gold and silver. Various governing bodies typically mandate them to be legal tender—money that citizens can use to pay debt and taxes.

Bullion

On the other hand, bullion coins are coins that are made from precious metals such as gold, silver, and platinum. Bullion coins are not used as fiat money, and rather they are used as a form of investment or store of value. They are also differentiated by the weight and purity of their precious metal content rather than their face value or legal tender value.

Coin Value

If you plan on selling your coin collection, the best way to know their value is to have them evaluated by coin experts. Your coin collection will be sorted into two categories, currency, and bullion. Coins that are considered currency or fiat money will be valued based on their face value and collectability.

On the other hand, bullion coins are evaluated based on the spot price of their precious metal content (gold, silver, or platinum), condition, year, and mintmark. Therefore, bullion coins also give importance to the weight of the coin as it is relative to the spot price of its precious metal content.

How to Sell Coins

Selling coins is quite easy. And the easiest way to sell them is to bring them to a local coin store like Nevada Coin Mart. Nevada Coin Mart can help you sort your coin collection and thoroughly evaluate them, so you get the best offers. However, if you just want a rough estimate of how much you can sell your coins for, you can opt for an online evaluation. Just click here.

Where to Sell Coins

If you have a coin collection and you want to sell them, Nevada Coin Mart is the best place to sell coins. We have over two decades of experience dealing with fiat coins and bullion coins. We also deal with coins, both domestic and foreign. So if you want some quick cash, sell your coins to Nevada Coin Mart today!

Coin Buyer

Nevada Coin Mart is the largest coin buyer in Las Vegas and Henderson, NV. We offer the best price for your items, and we pay in cash too! If you want to sell your coins you can call us at 702-998-4000 or visit our store at 4065 Jones Blvd for more information. Las Vegas, NV 89103.

Rare Coin

Where to Sell Rare Coins | Rare Coin Buyer – Las Vegas, NV

Sell Rare Coins

The majority of the coins today are used as currency or legal tender. They are issued by the government, minted in standardized weight, and are mass-produced. However, some coins that are no longer in circulation are considered rare and highly valuable. These coins have a very high numismatic value and are bought and sold at high prices. Coins change over time, and the old ones become rare. You can find rare coin dealers and collectors who spend most of their time admiring the history that comes with coins. If you have a rare coins collection, this article is the perfect way to learn about how to sell rare coins and where to sell rare coins. You will also find more about Nevada Coin Mart, a rare coin buyer that gives the best price for the value of your rare coins.

Brief History

The use of coins as a means of payment was first introduced around the 6th or 5th century BC. However, who invented coins is still relatively unknown. According to the Greek writer Herodotus, Lydians were the first to mint coins in the form of electrum coins—an alloy of gold and silver. Meanwhile, Aristotle claimed that the wife of King Midas of Phrygia, Demodike of Kryme, was the first to mint coins. However, numismatists believe that the first coins were produced on the Greek island of Aegina, possibly by King Pheidon of Argos or local rulers.

Several Greek cities such as Aegina, Samos, and Miletus produced coins for the Egyptians by way of the Greek market post of Naucratis in the Nile Delta. Historians also note that when Cyrus the Great of Persia defeated king Croesus and invaded Lydia in 546 BC, coins were introduced to Persia. Even though Lydia was invaded, its lion-and-bull coinage was still being minted.

Meanwhile, during China’s Qin dynasty from 221-207 BC, the first gold coins were standardized. After the collapse of the Qin, Han dynasty emperors added two more currencies—silver coins and deerskin notes. Deerskin notes are considered the predecessor of paper currency. Coins have obviously come so far, but there’s something about coins that bring us back to these historical times. Some collectors are eager to acquire certain pieces that are hard to find, which is why selling rare coins can now earn you a little bit of cash.

Famous Rare Coins

Here are some of the top rare coins that are worth noting.

1933 Saint-Gaudens Double Eagle

At the height of the Great Depression in 1933, President Franklin D. Roosevelt pulled the country out of the gold standard and rescinded all gold coins for melting. However, about a dozen coins never made it back to the Mint. Instead, they were said to be smuggled by opportunistic employees. One of the said coins reappeared in 1992 and was seized by the Secret Service.

1804 Draped Bust Dollar

In 1834, the Jackson administration wanted to give coin sets to foreign dignitaries. However, silver dollars were no longer being minted for the past 30 years. As a result, the US mint was ordered to produce eight silver dollar coins just for the occasion, and the coins were dated 1804. Selling rare coins like these can earn you probably around one million dollars today, but they’re very difficult to come by.

1861 Confederate States Half-Dollar

In 1861, the Confederate States took over the New Orleans Mint. However, without an inventory of precious metals, the South chose paper money over coinage to fund their war efforts. A few Confederate coins—cents and half-dollars were minted during this time, and they were mostly unknown until after the civil war when the coins began appearing in private collections.

1974 Aluminum Penny

In the 1970s, the price of copper was rising, and the cost would be the same as producing the one-cent coin. As a result, the US Mint tried using alternative materials such as aluminum. The Mint sent over aluminum pennies as a sample to some VIPs, but they never recovered.

1913 Liberty Head Nickel

The Liberty Head Nickel is a numismatic legend. The coin was originally retired in 1912; however, five coins were minted in 1913 with the iconic Liberty Head design. All the minted coins were in possession of one man. The coins were sold decades later to a collector.

How to Sell Rare coins

Rare coins are extremely valuable. So if you plan on selling your rare coins, the best option is to go to a local coin store to have them evaluated. Nevada Coin Mart is by far the best among all rare coin dealers in Las Vegas, NV. Nevada Coin Mart will thoroughly evaluate and analyze your rare coin to ensure that you get the best price. But if you can’t come to our store, you can send us a photo of your coin by clicking here. And our coin experts will be happy to assist you.

Where to Sell Rare Coins

The best place to sell your rare coins is at Nevada Coin Mart. With more than two decades of experience, Nevada Coin Mart has proved to be the expert when it comes to dealing with coins. The Las Vegas Review-Journal also recognizes us as the 12-time winner of the Best of Las Vegas Awards.

Rare Coin Buyer

Nevada Coin Mart is the largest rare coin buyer in Las Vegas and Henderson, NV. Compared to other rare coin dealers, we give the best offers for any rare coin. We thoroughly evaluate and analyze your coins to ensure that you get the best prices.

For more information about selling rare coins, call us at 702-998-4000 or stop by our store at Jones Blvd in Las Vegas, NV 89103. We are available from 9:00 AM to 5:00 PM.

References

Foreign Bill

The wolrWhere to Sell Foreign Currency | Foreign Currency Buyer – Las Vegas, NV

Sell Foreign Currency

Bills, paper money, currency, or simply notes are negotiable instruments that are authorized by licensing authorities or banks. Bills are typically used for commerce across the world. Different countries also have their own notes that are used in their country and are typically exchanged for another currency when traveling. If you have foreign bills from other countries, read more to learn about where to sell foreign currency and foreign currency buyers in Las Vegas.

Brief History

Historically money was a receipt that represented grain kept in warehouses in Sumer, ancient Mesopotamia, and Egypt.

The early currency came in the form of metals and was used as a representation of stored value in the form of goods. This became the basis of trade in the Fertile Crescent for over 1500 years. However, because there was no safe place to store value, the circulating currencies could easily be stolen. As a result, the Near Eastern trading system fell. And by the late Bronze Age, a series of agreements between Eastern Mediterranean territories from Minoan Create, northwest Mycenae, and Bahrain in the southeast. When you sell foreign currency, try to understand your money’s history. This is so you can convince foreign currency buyers that you know what you are doing.

Selling Foreign Coins

Coins were the first form of currency used in early trades between different territories. Local rulers authorized the minting of coins in each territory. Coins were commonly metallic and were typically made of copper, gold, or silver. The coins are weighed and stamped to ensure that whoever accepts them as the payment gets a certain weight of precious metal.

Selling Foreign Currency Bills

When it comes to paper money or bills, China is the first to introduce them to the general public. -However, its introduction is a bit slow, and it lasted from the late Tang dynasty (618-907) until the Song dynasty (960-1279). Paper money started as a receipt or promissory note for merchants to exchange their coins and was only valid in certain territories. The Song dynasty started to circulate the notes in the 10th century amongst the merchants in the monopolized salt industry.

During the 7th until 12th century in the medieval Islamic states, a monetary economy was introduced. And this leads to an increase in the circulation of a stable currency—the dinar. And in 1661, Europeans became familiar with paper money thanks to Sweden.

Today, bills are the gold standard when it comes to circulating currency. It is convenient and lightweight and does not require a large purse to carry.

Sell Foreign Currency

The trading of foreign bills is the largest market in the world today. In fact, people across the world buy and sell trillions of dollars each day. So if you plan on selling your foreign bills, check out our list below if you own one of the most popular foreign bills apart from the US dollar.

Euro

On January 1, 1999, this paper money began to circulate in the global markets, with banknotes and coinage following three years later. Aside from being the official currency of the eurozone, many countries in Africa peg their currencies to keep the exchange rate stable. Likewise, majority of the world also practice the same principle, linking their currencies to the US dollar. As a result, the euro is the second-largest traded currency globally.

Canadian Dollar

The Canadian dollar is also one of the most traded currencies in the world. It often moves with the commodities markets such as crude oil, minerals, and precious metals. Therefore, people often use the Canadian dollar to take an advantageous position when it comes to the commodities market.

The Great British Pound

The Great British Pound (GBP) or the pound sterling is the fourth most popular currency in the market. The GBP has a higher value relative to its neighbors.

Japanese Yen

When it comes to Asian currencies, the Japanese Yen takes the cake when it comes to popularity. The world knows the Yen for its ability to carry a trade role. This is when one is looking to profit from the difference in interest rates between two currencies. This means that one borrows Yen (with low interest) and uses it to invest in a higher-yielding currency such as the US dollar.

Australian Dollar

The Australian dollar or the Aussie is one of the most important currencies in Asia-Pacific.

Where to Sell Foreign Currency

If you have foreign bills or currency and you don’t know what to do with them, sell them! Local coin stores or LCS buy various foreign bills or currencies, old or new. For example, Nevada Coin Mart is the largest local coin store that buys all types of foreign currencies.

Foreign Currency Buyer

Nevada Coin Mart is the largest foreign currency buyer in Las Vegas and Henderson, NV. We have been in business for over two decades and are a 12-time winner of the Best of Las Vegas by the Las Vegas Review-Journal. So if you want to sell your foreign bills or currency, Nevada Coin Mart is the place to be!

You can reach us at 702-998-4000 or visit 4065 S. Jones Blvd, Las Vegas, NV 89103 to talk to our experts today. We are open from 9 AM to 6 PM every day of the year.

References

Old Coin

Sell Old Coin for Cash in Las Vegas | Old Coin Buyer

A coin is a small, flat, round piece of metal or plastic that a nation uses as a means of exchange or legal tender, depending on the country of its origin. Governing bodies set standardized weights for coins and manufacture and issue them in huge quantities. They usually manufacture such coins at Government-owned mints. Moreover, coins would usually feature thematic or representative images, digits, and writings. There is no strict rule regarding how old a coin should be before it can be considered valuable. However, if your coin is from a different era and is quite rare, you can definitely sell your old coin for cash. It may be hard to determine the value of old coins, but it’s worth your time. Read on if you want to learn where to sell old coins and where to find the leading old coin buyer in Las Vegas.

Brief History

The world was introduced to the use of coins as a means of payment around the 5th century BCE. According to Herodotus, the Lydians were the first to mint coins, while Aristotle claims that Demodike of Kyrme, the wife of King Midas of Phrygia, was the first to mint coins. Numismatists claim that the Greek Island of Aegina is the birthplace of the earliest coins. Historians also say that coins owe their invention to local Greek rulers, possibly to King Pheidon of Argos, specifically.

Through the Greek trading station at Naucratis in the Nile Delta, Aegina, Samos, and Miletus all manufactured coinage for the Egyptians. When the Persians invaded Lydia in 546 BCE, they discovered the use of coins in the area. The Phoenicians did not begin minting coins until the middle of the fifth century BCE, after which the Carthaginians in Sicily began minting coins. Also, the Romans did not start minting coins until 326 BCE.

Historical records show that the first makers of coins used electrum, a silver-gold alloy. If you want to sell an old coin like this, you ought to analyze its precious metal content as well. Interestingly, many early Lydian communities produced coins as tokens for commercial transactions by merchants. The Lydian state manufactured coins, the majority of which featured Lydian ruler Alyattes. A so-called legend, or dedication, appears on several Lydian coins, which is still evident today.

Sell Old Coin

Two major factors are considered in determining the value of your old coins. If you plan to sell an old coin, consider the following factors:

Currency

The majority of coins today are constructed of base metal, and their worth is derived from their status as fiat money. This means that the coin’s value is determined by government fiat or law. Thus, only in the sense that national currencies are used in domestic trade and traded internationally on foreign exchange markets. Further, coins may be in circulation with fiat values lower than the value of their constituent metals, but they were never issued with that value. The gap only develops over time as market values for the metal surpass the fiat declared face value of the coin owing to inflation. Try to understand this history before you sell an old coin to help you determine its price.

Collectability

The value of a coin as a collector’s item or as an investment is determined by its condition, historical relevance, rarity, quality, design beauty, and general popularity among collectors. If a coin is severely weak in any of these qualities, it is unlikely to be valuable. The value of bullion coins is impacted by such elements, although it is primarily determined by the gold, silver, or platinum content.

Sell Old Coins to Las Vegas Buyer

Nevada Coin Mart is the top buyer of old coins and rare coins in the entirety of Las Vegas. So, if you have been keeping a coin collection for a while, now is the time to sell your old coin for cash. We purchase a wide variety of coins of different designs, themes, and metal content. Some of the coins that we look forward to buying from you for instant cash include the following:

Half cents
Small cents
Nickels or five cents
Dimes or ten cents
Quarters
Half dollars
One-dollar coins
Gold coins
Classic commemorative coins
Modern commemorative coins

If you’re wondering where to sell old coins, Nevada Coin Mart is probably your best bet. Call us today at 702-998-4000 or visit at 4065 S. Jones Blvd, Las Vegas, NV 89103 to talk to our coin experts today. We are open from 9 AM to 6 PM every day of the year.

References:

Foreign Coin

Sell Foreign Coins for Cash | Foreign Coin Dealers in Las Vegas

Foreign coins are the first form of money that humans used in a number of selling and buying transactions in an array of aspects and purposes. They have stood the test of time and are still of great value up until today. The rarity and novelty of foreign coins are what made these earliest forms of currency a marketable commodity in the market today. These also increase the value of foreign coins. That is why some collectors often sell foreign coins for cash if they want to grow their collections bigger. If you want to know where and how to sell foreign coins, you first need to bring your business to Nevada Coin Mart – the best one among all foreign coin dealers in Las Vegas.

Brief History

Historians believe that early civilizations invented coins around 700 BC in the Western World using a variety of combination metals. They also claim that coins originate from the Greek island of Aegina. One component of the earliest coins is the electrum, which is a pale-yellow metal that comprises a combination of silver and gold.

Historically, Roman and Greek coinage are the most sought-after forms of coins, especially the Byzantine Empire which people deem prolific in its coin production. Their coins featured emperors and the Christian cross. Other coins feature various animals, such as cows, birds, and many more. Coins would always be round, as many foreign currencies are now. Although, some nations had coins that came in square designs. Some coins also had holes in the middle, and people used to thread these coins on a piece of string. There are still Asian and Nordic coins that demonstrate this characteristic today.

From the colors that are evident to some coins holding varying levels of these precious metals, gold and silver have played a significant role in the history of foreign currency. For example, the gold Dinar and silver Dirham are the oldest pure gold and silver coins, dating back to the 7th century. Notably, the 1933 Gold Double Eagle, which sold for an astonishing $7.5 million in 2002, is the most valuable gold coin in the world.

Sell Foreign Coins

Sestertius of Hadrian (Ancient Roman)

The sestertius is a tiny silver coin that was only struck on rare occasions back in 211 BC. Hadrian’s series of coins was the first to feature a portrayal of Britannia. This feature was later reinstated on the United Kingdom coinage by King Charles II. However, as manufacturing ceased in the fourth century, these coins became uncommon and historically significant.

Edward III Florin (England)

This 677-year-old coin that circulated for over a year in Medieval England in 1343 is now considered one of the world’s rarest coins. The coin’s worth is primarily determined by its history. Two of the three coins of this type are on exhibit in the British Museum, while the third was discovered in 2006 and sold the same year. Sell old coins like this one, and you’ll be surprised at how much they are actually worth today.

100 Ducats of Sigismund III Vasa (Polish)

Between the 16th and 17th centuries, the Polish and Ottoman armies fought a long conflict. Despite the fact that there was no obvious winner, the Poles lost fewer warriors and successfully halted the spread of Islam into Christian lands. Then-King Sigismund III later announced the minting of 100-ducat gold coins to commemorate the triumph. The coin was recently sold for $2.16 million in January 2018. On one side of the coins, the date 1621 is perforated, while an image of the King is imprinted on the other.

Sell Foreign Coins to Las Vegas Dealers

If you wish to sell foreign coins for cash, Nevada Coin Mart is definitely your best bet. For over 25 years, NCM has been the best among all foreign coin dealers in Las Vegas. We also deal with foreign bills and Treasury Notes. We are home to experts who know the value of foreign coins and all forms of currencies. Call us at 702-998-4000 or visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 to talk to our experts on foreign coins today.

References:

https://www.cash4coins.co.uk/foreign-coin-history/

https://www.ngccoin.com/price-guide/world/

https://nerdable.com/rare-foreign-coins-worth-money/

Confederate Money

Sell Confederate Money in Las Vegas, NV | Confederate Money Value

Sell Confederate Dollars

Confederate dollars are paper money printed by the Confederate States or the Confederacy. These bills were initially printed by the newly created Confederacy shortly before the Civil War broke out. It was not backed by any tangible assets but rather by a promise to pay the holder after the war if the South won and gained independence. Today confederate dollars are still sought-after by collectors and can rake up a sizable value. Learn about where to sell Confederate Money and the value of Confederate Money in this blog.

History

The Confederate States of America (CSA), mostly referred to as the Confederate States or Confederacy, issued the Confederate States dollar in April 1861. People would often refer to the Confederate dollar as “Greyback.” Then, the Civil War broke out shortly after.

The currency did represent hard assets. Instead, it serves as a promise to pay the bearer after the war. It was built on the anticipation of a Southern triumph and independence. As the Civil War progressed, so did the prospect of Southern victory, and the confederate currency slowly lost its value. After the loss of the Confederacy, the Confederate currency completely lost its value, and a lot of individuals and banks lost a huge amount of money. If you decide to sell Confederate Money, you ought to know its history to give your buyers the impression that you know what you are doing. This way, you can avoid low-ballers and get what you deserve for the value of your Confederate Money.

Sell Confederate Money

Selling Confederate Money can sometimes have something to do with its design and coinage. Certain collectors do the best they can to acquire specific versions of Confederate Money, so it pays to know its features.

Design

Due to the lack of resources such as secure printing offices and equipment and skilled engravers, the Confederacy had to improvise. They released banknotes early, which featured related designs on them. Some notes had abstract illustrations of mythological beings, like the Goddess of Liberty. Also, confederate designs usually depict historical figures like George Washington and naval vessels. The currency also bore pictures of slaves performing daily labor. However, out of the 72 notes that the Confederacy issued, only five designs have slaves depicted on them.

Confederate Money featured politicians and businessmen who supported the Confederate States. These people include Jefferson Davis, Judah P. Benjamin, Robert M. T. Hunter, and Lucy Holcombe Pickens, who was the Queen of the Confederacy. One of the bills also featured George Washington. Thanks to these people, you can now sell Confederate Money to earn cash.

Coinage

As the Civil War progressed, the monetary cost also increased. In addition, people used precious metals from the South to purchase war goods in Europe. Finally, however, the Confederacy was able to mint a few coins. The Confederacy commissioned Robert Lovett Jr. in 1861 to design, engrave, and struck a one-cent coin for the CSA. The US Government had Confederate half dollars minted around late April 1861 at the New Orleans Mint.

Then, the Confederacy captured U.S. Mint facilities in Charlotte, North Carolina, Dahlonega, Georgia, and New Orleans, Louisiana. The Confederate Treasury took the bullion reserves from facilities. However, the head of the treasury, C.G Memminger, deduced that the price of minting coins was cost-ineffective.

Banknotes

The Confederate Treasury also issued banknotes with 50¢, $1, $2, $5, $10, $20, $50, $100, $500 and $1,000 denominations. These notes carry various obligations, designs, and issuers. They released a total of 72 different types of notes from seven different “series” from 1861 up to 1864.

Where to Sell Confederate Money

Nevada Coin Mart is the largest Confederate dollar buyer in Las Vegas and Henderson, NV, if you want to sell your Confederate Dollar collection! When you sell your Confederate dollars with us, we thoroughly evaluate and analyze your item to ensure that you get the best offer. For more information about selling Confederate Money, visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000.

References

Banknote

Sell Banknotes in Las Vegas, NV | Banknote Buyer

Sell Banknotes

Banknotes or paper money are the most common form of fiat money we use today. However, old banknotes or foreign notes are still of value, especially when you sell them to local coin stores or LCS. Read below to learn more about where to sell banknotes and banknote buyers in Las Vegas.

What are Banknotes?

A banknote, or bill, is a kind of negotiable instrument (a document that guarantees payment to the payee a set amount of money on-demand or on a specific period) that typically comes from a bank or any other authorizing body payable to the payee on demand.

Commercial banks are the original issuers of banknotes. Even today, the government still accepts most national banknotes as legal tender. With that said, courts of law still recognize banknotes to be substantial payments for monetary debts.

Brief History

In 7th century China, paper money was first introduced during the Tang dynasty. However, it was not until the Song dynasty (11th century) that real paper money was used. The use of paper money later expanded throughout the Mongol Empire (Yuan dynasty China). The concept of paper money was later brought into Europe by European explorers like Marco Polo. In the early 1800s, Napoleon also issued paper banknotes.

People’s views of banknotes eventually changed over time. Some see it as money based on precious metals like gold and silver. Others see banknotes as I.O.U. or promissory notes (a promise to pay a specific amount of precious metals).

Sell Various Banknotes

Throughout history, the United States government has issued multiple types of United States dollar banknotes. These banknotes served different purposes significant during specific eras. For example, the US Government used banknotes to help finance the American Revolution. Therefore, it is important to know what kind of banknotes you possess in your collection if you want to sell your banknotes. Below are the different types of United States dollar banknotes.

In 1775, the Continental Congress began issuing paper money known as Continental currency. The Continental currency was issued just after the American Revolution began. The currency was used to help fund the war effort. However, when the war was over, the currency eventually lost its value. After this, the US Government released Treasury Notes, which interest-bearing notes that the United States issues during times of uncertainty like war and financial disruption. If you want to sell banknotes, a treasury note can be a good place to start. However, you can definitely sell any banknote to all banknote buyers.

Demand Notes & Legal Tender Notes

Not long after, Demand Notes were initially issued due to a coin shortage during the American Civil War. The government released demand notes in three denominations of $5, $10, and $20. However, the nation replaced this shortly after with United States Notes or Legal Tender Notes, which became the States’ main currency. Citizens could not exchange them for coins, but merchants and establishments would accept them for payment of taxes and debts. These have a distinctive red seal on them and initially came in the following various denominations: $1, $2, $5, $10, $20, $50, $100, $500. And in 1878, denominations of $1,000, $5,000, and $10,000 were issued.

However, the public started to hoard coins during the Civil War, prompting the Administration to substitute coins with paper currency. They released these currencies in denominations of 3¢, 5¢, 10¢, 15¢, 25¢, and 50¢.

Then, in 1863, the United States Treasury Department authorized Compound Interest Treasury but seized its production immediately in 1864. These notes bore 6% per annum interest when compounded semi-annually. After a year, the Government began to issue gold certificates, which lasted until 1934. These certificates are also quite popular among banknote buyers today. Back then, citizens would exchange these gold certificates with gold coins, which they can actually use in transactions. If you wish to sell banknotes, it’s good to go for gold certificates because they are still very popular today. Meanwhile, Silver Certificates can be changed to silver coins from 1878 until 1967 and in raw silver bullion after that. Silver certificates were released from 1878 through 1964.

Notes & Certificates

Interest bearing notes bore an interest of 5% or 7.3% annually. The US Government issued them from 1863 until 1865 and released them in denominations of $10, $20, $50, $100, $500 and $1,000. Meanwhile, the United States Treasury Department also authorized Compound Interest Treasury Notes in 1863, but it only lasted for a year. These notes bore 6% per annum interest compounded semi-annually. In 1865, the Administration began issuing gold certificates, which citizens would exchange for gold coins. However, the practice stopped in 1934.

After the use of gold certificates, the US Government authorized certain banks to issue National Bank Notes. The National Gold Bank Notes are very similar to the National Bank Notes, and the difference is that these notes are redeemable in gold and are mostly issued by private banks in California. Meanwhile, Refunding Certificates only came in a $10 denomination and were issued only in 1879. Therefore, these notes carry a special interest of 4% annually. When you sell banknotes, refunding certificates can earn you a few bucks since they are somehow hard to find.

Postal Notes & Federal Notes

Besides the aforementioned, there are the U.S. postal notes, which are accessible only by mail. Therefore, the notes can only be sent through the mail, and the amount to be sent must not exceed $5. Other forms of banknotes include Treasury or Coin Notes, Banknotes from Federal Reserve, and Federal Reserve Notes. Treasury notes were first released in 1890, but they only lasted for a year. These notes were released in denominations of $1, $2, $5, $10, $20, $50, $100, $500, and $1,000.

Then, after the establishment of the Federal Reserve System in 1914, the Federal Reserve Bank issued began issuing Federal Reserve Bank Notes. These notes were liabilities, so eventually, they were discontinued in 1934 and were replaced with Federal Reserve Notes. The Federal Reserve Bank actually released these in 1914 as well, but it only became more prominent later on. The nation used it as legal tender, which you can use to pay taxes and debt.

Where to Sell Banknotes

If you plan on selling your banknote collection, the key is to look for banknote buyers that offer good deals for what you have. Today, Nevada Coin Mart is your best bet when it comes to selling banknotes, especially if you’re in Las Vegas. When you sell your banknotes to us, we thoroughly analyze and evaluate your item to ensure that you get the best offers.

Banknotes Dealer in Las Vegas

Out of all the banknote buyers in Las Vegas, Nevada Coin Mart is, by far, the biggest one. We are home to experts on banknotes that understand and acknowledge the true value of banknotes today. If you have banknotes you want to sell, you may call us at 702-998-4000 or visit us at the store at 4065 S Jones Blvd, Las Vegas 89103.

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Reference

https://en.wikipedia.org/wiki/Banknotes_of_the_United_States_dollar

Silver Certificate

Sell Silver Certificates in Las Vegas, NV | Silver Certificate Buyer

Sell Silver Certificates

Silver Certificates are a kind of representative money. It is a type of exchange that comes printed on paper that constitutes something of value. The US Government circulated silver certificates throughout the nation from 1878 to 1964 as part of its paper currency. Citizens would exchange these certificates for silver dollar coins. On June 24, 1967, they began to exchange these certificates for raw silver bullion, but the practice only lasted for about a tear. After that, the notes became defunct, and people could only use them to redeem Federal Reserve Notes. However, the certificates still function as legal tender; merchants and all establishments would still accept them as a form of payment. Learn more about the best among all silver certificate buyers in Las Vegas, the value of silver certificates, and where to sell silver certificates in this blog.

Brief History

When the Administration established the Fourth Coinage Act of 1873, it ended the rights of silver bullion owners to have their precious metal minted into dollar coins. This eventually resulted in the creation and use of silver certificates.

Businesses began investing in silver in 1875 to revive the bimetallic standard. Silver-rich states started to lobby for the preservation of silver as a way of maintaining their state’s economy. The US Government then passed a new law on February 28, 1878, called the Bland-Allison Act, which obligates the US Treasury to buy silver to put into circulation as silver dollars—silver certificate.

Silver certificates were valid for taxes, public dues, and customs under the Bland-Allison Act but not individual, private transactions. However, Congress passed the National Banking Statute on July 12, 1882, lifting some of these restrictions by mandating National Banks to include them in national banks’ authorized reserves. A separate Act in 1886 eventually transformed the certificates into $5 and other fewer denominations.

The government released large-size silver certificates from 1878 through 1923 in amounts ranging from $10 to $1,000, focusing on 1878 and 1880. Then, in 1886, they approved the $1, $2, and $5 bills. The US Administration redesigned and resized banknotes in 1928. Only the $1, $5, and $10 denominations were regularly issued on the small-size silver certificate from 1928 to 1964. If you plan to sell any silver certificate, you ought to keep these details in mind to give silver certificate buyers the impression that you truly know what you are doing.

Silver Certificates Through the 1900s

In May 1927, Treasury Secretary Andrew Mellon and his team advocated a size reduction and redesign of US banknotes, resulting in smaller silver certificates on July 10, 1929. The government also altered the silver certificate and denominations when World War II broke out. Following the Silver Purchase Act of 1934, demand for silver bullion steadily increased over the next three decades.

After that, President John F. Kennedy issued executive orders affecting the treasury secretary’s jurisdiction and the valuation of silver certificates, repealing the Silver Purchase Act of 1934 and related actions. Silver certificates were withdrawn from circulation as a result of this act. As a result, silver certificates were outdated in 1964, and since 1968, they have only been redeemed in Federal Reserve notes. However, they are still recognized as legal currency, but they hold a small premium. Hence, when you sell a silver certificate, its collectability value would most likely dictate its price instead of its face value.

Value of Silver Certificates

The value of a silver certificate is based on numerous factors. So if you plan on selling your silver certificates, below are the factors that can influence or determine the value of your item.

Condition and Year

The condition and year of issue determine the value of a silver dollar certificate. Although citizens can no longer redeem actual silver using silver dollar certificates, they can still use it as legal currency. That said, citizens can still exchange silver certificates for a Federal Reserve note, which makes it certificates vulnerable to wear and tear. If you preserve your silver certificates well, they will look a lot better than the majority of the certificates, which most collectors prefer.

Collectability

In selling silver certificates, its collectability carries all of its actual value. The certificates have become a collector’s item, and depending on the rarity of the print; collectors will pay more than face value for them.

Grading

The Sheldon number scale, which ranges from one to seventy, is used to grade most silver certificates. Here, a grade of seventy on a certificate means it’s in pristine mint condition. The numerical grade correlates to an adjectival letter that denotes whether the condition is good, very good, fine, very fine, very fine, almost uncirculated, or crisp uncirculated.

Stamps

Aside from the grade, certain silver certificates have other attributes that add to their value to a collector. For example, a silver certificate that comes with a star in the serial number or an error on the front of the bill is worth more than a silver certificate without these attributes of the same year, grade, and denomination.

Some collectors will not acquire 1957-star notes since they are common. Folding, cutting, and inking faults are all possibilities. Furthermore, investors value serial numbers that are distinctive and interesting. For example, a serial number with the numeral two as each digit has more value than a random mix of integers.

Where to Sell Silver Certificates

Nevada Coin Mart is the best choice among all silver certificate buyers in Las Vegas, NV. We are home to experts who know and understand the true value of silver certificates, so you know that you are getting the best deal for your silver certificates. For more information about selling silver certificates, visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 days a year from 9 AM until 6 PM.

References

Gold Certificate

Sell Gold Certificates in Las Vegas and Henderson, NV

A gold certificate is a piece of paper that indicates a claim to a certain quantity or value of gold. Back then, gold certificates were worth their face value in US dollars, and citizens could use them as legal tender. Meanwhile, the gold standard sets the US dollar.

People also used gold certificates to denote ownership of a certain amount of gold, similar to how stock certificates represent ownership of a business. Gold certificates that the United States issued had the same reason associated at the time of its production. Furthermore, the certificates were worth the same as the same denomination in US currency from around 1879 until the US Government phased them out.

Brief History

Historically, gold certificates were first issued by goldsmiths in London and Amsterdam, who held their customers’ gold bullion in their vaults. The certificates checked the amount of actual gold the owner was storing with the gold professional. Soon, citizens were using them in everyday transactions like cash.

In the mid-nineteenth century, the United States Treasury followed the gold certificate practice until 1933. This was when the Administration established the Emergency Banking Act, rendering privately owned gold certificates illegal. Gold certificates became a novelty after the Emergency Banking Act, but this novelty resulted in the collectability of gold certificates for big money for collectors and history buffs in the United States.

Many gold certificates in the denominations of $10, $20, $50, $100, $500, and $1,000 were released. Although gold certificates with face values greater than $500 and $1,000 have been released, they are in a much shorter supply and thus command a higher asking price from potential buyers. Gold certificates with lower face values of $10 or $20 on average, usually sell for twice their face value, but they may sell for even more depending on the certificate’s condition.

Many collectors love adding gold certificates to their rare currency collections due to their significance in American history, along with their aesthetically pleasing designs. The vivid orange-gold coloring exhibited by gold certificates on both the front and back of the notes, symbolizes the gold in it- yet another historical feature from an ever-evolving nation displayed through its currency.

Popular Gold Certificate Designs

With a few exceptions, gold certificates in the United States mimic paper banknotes from the same time span. The designs changed over time, but the majority had bright orange backs and the gold-colored United States seal on the front.

For example, on the face of a $1,000 gold certificate printed in 1907, the denomination is engraved “IN GOLD COIN” underneath a portrait of Alexander Hamilton. On the front of the certificate, there is a gold seal and a gold serial number, as well as the distinctive orange back.

The certificates were basically a parallel currency between 1879 and the time they were phased out, as the value of the dollar was bound to the value of gold. They were legally exchangeable as such, but they were seldom used in everyday transactions.

Value of US Gold Certificates

A few variables determine the value of Gold Certificates. It is important to remember that gold certificates are still completely legal tender, which means that it still has value in the market. Some of these include the following:

Demand

In order for a banknote to fetch a premium, there must be a market for it. Gold certificates with smaller print runs are more attractive and sought after when it comes to paper currency. Remember that some old obsolete and scrip notes with low supply and demand are still flocking the market.

Condition

You will surely have a bill worth a lot of money if you have a banknote that customers want and in good shape. So, when it comes to deciding the worth of Gold Certificates, the condition is highly crucial.

Fancy Serial Number

The serial number of a bill will affect the value of a Gold Certificate. If you have a bill with a unique or fancy serial number, that alone can increase its value.

Market Conditions

Markets are constantly changing. You need to be aware that prior to the market crash of 2007/2008, the value of Gold Certificate banknotes was sky high, and people were willing to pay a lot of money for them. However, by 2009, the economy had nearly halved, and no one was buying as much as they had been.

US Gold Certificates Buyer

Nevada Coin Mart is the number one buyer of US gold certificates in Las Vegas and Henderson, Nevada. We buy all kinds of US gold certificates. That’s why if you have US gold certificates in your possession, do not hesitate to come and visit us for a free evaluation of your items. Our experts will assist you throughout the whole valuation process.

If you have questions on selling gold certificates visit us at 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year, from 9 AM to 6 PM.