Many people realize that rare coins, particularly gold and silver coins can be quite valuable. Did you know that certain issues of paper money are also quite valuable? Those who know often collect valuable paper money for fun as well as for investment value. You have several options when looking for investable valuable paper money New York NY.
Fractional Currency: Rare and Valuable
Fractional currency was used in the United States and in other countries in the past. US varieties were in general circulation during Civil War times (1862-1876) when coinage was in short supply. This form of paper money is also known as shinplasters. They were issued in the following denominations: 3 cents, 5 cents, 10 cents, 25 cents, and 50 cents. Fractional currency is physically smaller than other US paper money. It also does not have a serial number. Many of them feature prominent politicians, such as George Washington, Abraham Lincoln, or Spencer Clark on the obverse. Some of these pieces are quite rare and can represent a suitable investment for some people.
Gold Certificates: Even More Valuable
Gold certificates were also issued by the United States, but are not in circulation anymore. Perhaps you may be more familiar with silver certificates, which were in general circulation until 1965. A gold certificate was redeemable at any bank or the US Treasure for actual physical gold. They were issued from 1863 to 1933. After the US went off the gold standard in the 1930s, they were no longer printed.
Some of these gold certificates are quite rare. All of them have collectible value. One of the rarest is the 1882 $100 gold certificate, of which only 7 were issued. One specimen sold for over $117,000 in 2013. Another valuable one is the 1890 $100 gold certificate, also valued at well over $100,000 per specimen.