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COIN & CURRENCY

HANDLING,
GRADING, & VALUE
GUIDE

- HOW TO HANDLE COINS & CURRENCY


- HOW TO GRADE COINS & CURRENCY
- COIN VALUES
- CURRENCY VALUES
& MORE!

Old Money Prices


https://youtube.com/@OMP
HOW TO HANDLE
COINS
PROPERLY
These basics are important. Without these
fundamentals, you can mess up and
immediately lower the value of your coin before
you even get started. It's good, even if you know
these, to go over these core principles before
moving forward
Listen... the last thing you want to do is come
across an old coin or entire coin collection and
handle them improperly, potentially decreasing
the value of the coin. It's incredibly important
to handle these coins with care and attention,
as the smallest gash or imperfection can mean
the difference of hundreds, or sometimes
thousands, of dollars.

I'll outline this simply then jump into them in a little


more detail below:
- Wash your hands, first
- Prepare your station
- Hold the coins properly
- When in doubt...
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WASH YOUR
HANDS
FIRST
This may seem like a "no-brainer" but you would be
surprised how many stories I've heard about dirty
hands touching coins and decreasing their value
significantly.

Even if you may think your


hands are clean, unless
you have washed them
recently, they are likely
not clean. I'm not going
to parent you, but wash
your hands!

Oils, food, and dirt can


transfer from our hands
to the coins we're
handling. A simple 15
seconds of washing
your hands can mean
the difference of a lot
of money down the line.

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PREPARE YOUR
STATION

Once your hands are clean, the next step is to


prepare a clean station to put your coins on. It
pains me when people who watch my YouTube
channel send me photos of their coins on a
hard and/or dirty surface. Don't do that!
What you want to do is this...
Find a nice, soft towel (Microfiber works also),
and put it down on a hard, flat surface like a
desk. In this area, you'll be able to lay your coins
gently to avoid potentially damaging the coins.

This may seem "silly"


but its incredibly
important for us to
keep the condition of
our coins high because
condition will be a big
part when
determining the value
of our coins.

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HOLDING YOUR
COIN
PROPERLY
Like most things in life, there is the correct way and
incorrect way to do something. The correct way to
hold a coin is by the edges of the coin.

In the image to the


right, you can see the
person holding the
edges of the coin.
This is how you
should properly be
handling the coins in
your coin collection
Photo source usmint

Do not hold the coin by its face, as you have a


higher chance of damaging or spreading oil to the
coin, especially if it is a Specimen and/or Proof
example of a coin. Proof coins can pick up oils
incredibly easily, so its better to avoid handling
these coins often.

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WHEN
IN
DOUBT...
Sometimes limiting the amount you handle the coins is
quite literally the best thing you can do. A lot of people
handle their coins unnecessarily. There is really no
reason to handle the coin unless you absolutely have
to.
It's possible you've come into
possession of a Coin Collection
that is already protected by
holders like the ones seen to
the left or the image below. If
that's the case, consider
yourself lucky!

Most people who come to


me asking about their coin
collection do not have this
luxury. I advise people who
have coins in holders to keep
them in there, as there's no
real benefit to take them
out just yet...
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HOW TO GRADE
YOUR COINS
Before knowing how much your coin is worth, we must
understand the basics of grading. Without knowing the general
grade, we won't know how much the coin is worth.
Grading may be one of the most fundamentally important factors
when it comes to getting the value of a Coin Collection. In this
section, we'll cover exactly how you should be looking at your coins
and grading them, and also how to determine an estimated
ballpark grade of your coin.
I promise...
This is not as painful as it may seem. I'm going to make this
as simple and easy as possible to digest. I've been collecting
Coins and Rare Paper Money my entire life, these things come
very natural to me.

Let's jump right in..


The first thing we're going to go over is the grading scale. The two
biggest and best companies to send your coins off to get graded
at Professional Coin Grading Services (PCGS) and Numismatic
Guaranty Company (NGC). These two companies will yield you the
most value for your coins when you get them graded.

Here are their respective websites:


https://www.pcgs.com/
https://www.ngccoin.com/

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HOW TO GRADE
YOUR COINS
The Sheldon Scale (used for Coins and Paper Money)
ranges from Poor (P-1) up to Perfect Mint State (MS-70).
To obtain a specific grade means the coin will have to fall
into certain categories depending on the condition, its
flaws and imperfections, and overall eye appeal.
The easiest way I go about teaching grading is to
imagine grading separated into 3 different categories:
1) Circulated Coins (Poor-1 to Extremely Fine-45)
2) Almost Uncirculated (AU-50 to AU-58)
3) Uncirculated (MS-60 to MS-70)
According to NGC's website, a Poor-1 has "Enough detail to identify the
coin's date and type. Rims are flat or nearly flat."
While an XF-45 is "Complete details with minor wear on some of the high
points."
The Mint State (MS) 70 grade is "A coin with no post-production
imperfections at 5x magnification."
(source ngcoin)

For now, I wouldn't worry too much about getting the exact grade of your
coin. Instead, put your coin in one of these categories. From there, you can
determine if the coin is worth sending off to get graded. You do not
want to send your coin off to grading, spend the time, money, and
effort, just to get the coin back at a low grade and not increase its value.
The whole purpose of grading your coin is to authenticate it and
increase its value in the marketplace.

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HOW MUCH IS
YOUR COIN
WORTH?
One of the most important things when it comes to
determining the value of your coin is the condition. Condition
is key when trying to find out how much your coin is worth.

For example, this


1909 VDB penny
shown to the right is
in Verify Fine (VF) to
Extremely Fine (XF)
condition.

Because it's in a lower-graded


condition, this coin, raw (meaning
not graded), is worth about $25 in
the market. The same coin
graded by NGC an MS65 is worth
about $135. Condition is key
when it comes to the value of
your coins.

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RARE VARIETIES
& TYPES OF
COINS
Special dated coins, rare errors, and unique varieties can be
the difference between your coin being worth a few
dollars, to thousands of dollars. The videos I make go
over a lot of things that I look for when hunting for coins
and trying to pinpoint their values.
For example, understanding how many coins were minted for a specific
mint will help give you a general understanding of how much a specific
coin may be worth. A good rule of thumb: the fewer coins minted for a
date, the more valuable it will be. Now, this isn't always 100% accurate,
but again its a good rule that is accurate most of the time.

Example: 1914 Lincoln Wheat Penny

Philadelphia (P, no mint mark): 75,238,432 coins minted


Denver (D mint mark): 1,193,000 coins minted
San Francisco (S mint mark): 4,137,000 coins minted

It goes without saying, the 1914-D Wheat Penny coins are generally
going to be more valuable because of their lower mint run. It's also
important to understand the 1914 pennies from Denver have a high
Counterfeit ratio, meaning there are a lot of fake coins out there. **If
you are buying a 1914 penny, make sure to consult a coin expert before
buying, especially if the coin is not graded.

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RARE VARIETIES
& TYPES OF
COINS
Doubled die error coins can be incredibly valuable
when it comes to the value of a coin, especially if they
grade highly.
Doubling on your coin can happen on either the front (Obverse) or the
back (Reverse) of your coin. Essentially, doubling occurs during the
minting process where the die hubbing is improperly designed or
damaged, resulting in the doubling you'll see on coins.

Double Dies can either be very extreme and dramatic, or incredibly


light, subtle, and hard to see. Regardless of which one you have, either
one can drastically increase the value of your coin.

Example: 1955 Lincoln Wheat Penny

Philadelphia (P, no mint mark): 330,580,000 coins minted


Denver (D mint mark): 563,257,500 coins minted
San Francisco (S mint mark): 44,610,000 coins minted

Philadelphia is the only mint for 1955 to have this extreme Doubling
happening. You can see San Francisco has the lowest mint run here by
a long shot. Generally, these coins even with the "S" mintmark are
going to be worth only a few dollars in circulated grades. What you
really want to be looking out for is any Doubling that's happening on
your Philadelphia minted 1955 penny coins.

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MAGNIFICATION
TO SEE
ERRORS

(Image source pcgs)

You're going to need some type of magnification in order to see minor


doubling that's happening on coins. Not always is it the case where you
can see doubling happening this easily. Depending on the type of coin,
its denomination, date, and mintmark will determine if the coin may
have doubling, and where.
Please don't spend a
lot of money on
something like this
picture to the right. I
saw this on Amazon for
$79, that's much too
expensive. I'm not going
to try and sell you some
over-priced item. I'm
not going to sell you
any sort of
magnification, actually.

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MAGNIFICATION
TO SEE
ERRORS
So this is what I recommend. If you're new, buy something inexpensive
like a Loupe that is going to last you a lifetime. You can get one on
Amazon or eBay for $5 to $15, delivered to your door.

This type of magnification is great


because it comes with a little LED
light that is useful for some who
need help seeing coins and paper
money with a little bit of help.
Proper lighting is incredibly
important when it comes to
looking at collectibles in general.

How you hold your


magnification glass is
important so you're able
to get the appropriate
focus on your coin.
Here's an example to the
left of how you want to
hold and look through
the loupe. Both eyes
open! It takes some
getting used to, but with
practice, you'll get better.

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IN A
NUTSHELL...
The biggest thing to remember is how important the condition of your coin is
when determining its value. That's why the first thing we went over is handling.
Improper handling can lead to damage, scuffs, and decreased value of your
coin. Washing your hands, setting up a clean work-space, and holding the coin
properly are all fundamentals of coin handling.

After you know how to handle your coins, we now know about the Grading
Scale and how to generally determine the grade of a coin. Coin grading
companies use the Sheldon Scale, which is a 1 to 70 scale, 70 being the
highest grade we can achieve in grading. Remember, not all coins should be
sent off to be graded. If your coin has a high, Mint State grade, it may be worth
getting graded.

There are rare varieties, dates, and errors that coins come in. You want to look
for Double Die Obverse (front) or Reverse (back) coins. Understanding that
some coins from different dates and mints come with lower mint runs, which
will increase their general value.

Magnification is important when trying to find some errors that occur on coins.
I recommend against paying for these expensive magnification tools, and
instead buy a reliable one for $5 to $15 on Amazon or eBay which will get the
job done.

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CURRENCY
BANKNOTES
Paper money is completely different than Coins when it comes to handling,
grading, buying, and selling. Banknotes are actually what got us started in the
world of Numismatics.

In this section, we’re going to break down the following:


Handling paper money
Storing paper money
Grading paper money

Lets do this!! 👇
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CURRENCY
BANKNOTES
Before we jump in, it's important to understand what we’re looking at when it
comes to paper money. There are multiple parts of a banknote, which are as
follows:
Front (aka Obverse)
Federal Reserve District seal (and District Numbers)
U.S. Treasury Seal
Front Plate Position (Letter/Number)
Serial Number
Series (printing plate date)
Back (aka Reverse)
The Great Seal (reverse)
The Great Seal (obverse)
Back Plate Position

Courtesy of howstuffworks

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HANDLING
BANKNOTES
Properly handling paper money is incredibly important. If you improperly
handle and damage a banknote, you’re decreasing its value. That may seem
apparent to some people, but you’d be blown away by the stories we’ve
heard...

This $1 bill graded at a Very Fine 20. As you can see, the condition isn’t the best.
This $1 bill sold for $1,320.00 because of its rare serial number.

I’m telling you right now if the condition was better, it could have easily brought
$5,000 to $8,000. You may be asking... why did the owner of this $1 bill fold it,
damage it, etc.? Well, they probably had no idea about its value, or they didn’t
care (some people are so sickly-rich things like this don’t matter to them!)

👇
So how should you handle a banknote carefully so you don’t damage it? This is
how...

Read more

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HANDLING
BANKNOTES
Step 1: Clean your hands
You’d be surprised how much dirt, grease, and
oils are on your hands. Banknotes in the U.S. are
composed of 25% linen and 75% cotton which
makes them highly vulnerable to absorbing
anything that touches them. Clean your hands
and make sure they’re dry before handling paper
money!

Step 2: Don’t use gloves


While this may seem like a good idea, it’s actually
not a good idea. Some of the worlds greatest
paper money graders and experts strictly do not
use gloves, for a few reasons. You need the
tactile feel from your hands for multiple reasons,
and, having gloves on can actually cause you to
accidentally damage the banknote. If your hands
are clean (step 1) then there’s no concern about
getting dirt or oils on the bill.

Step 3: Hold with care


Hold the banknote with care, gently but firm
enough that you don’t drop it (we’ll show
examples below). Too much pressure can put
dents/wrinkles in the paper and you want to
avoid that.

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HANDLING
BANKNOTES
IMPORTANT: If you drop the banknote, that’s OK. Let it fall.
Do NOT try and catch the banknote that’s falling, just let it hit the floor.
Why? Because if you try to catch a falling banknote, you’ll end up
crushing it. Once the banknote is on the ground, feel free to ask for
assistance from a friend or family to help you pick up the banknote, or
do it carefully yourself. I can’t tell you how many times I’ve seen
someone drop a note, then roll over it with their chair... ouch.

Remember, when it doubt, let the bill fall to the ground even if that may seem
counter-intuitive. It won’t hurt the banknote if it falls. You will damage it if you try to
catch it or roll over it with your chair...

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HANDLING
BANKNOTES

BAD
If the bill is getting bent too much,
it may cause damage like a fold or
wrinkle, which will decrease the
value!

BAD
Handling paper money with gloves
can end up damaging the paper
money more. This happens
because you lose tactile feeling
and can’t feel how you’re handling
the paper. Clean hands with no
gloves is the way to go.

BAD
If you find a rare bill, keep it
somewhere flat and safe (more on
that later). Do not put it in your
purse or wallet because this will
put a fold or hard bend on your
bill, decreasing its value.

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HANDLING
BANKNOTES

GOOD
This person is gently holding the
$100 bill. The only thing I’d do
BETTER here is use two hands.

GOOD
This picture is directly from PMGnotes
website, a professional paper money
grading company. Notice how gentle the
grader is handling the genuine United
States $5 Large Size bill. In this picture
they’re manipulating light to show folds on
the note to determine is grade (more on
grading later).

GOOD
This example is from PCGS banknote
website, another professional paper
money grading company. Notice their left
hand is holding the banknote in their palm
above a desk. This is a safe way to hold
paper money without worrying about
damaging the paper.

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STORING
BANKNOTES
Properly storing your banknote is incredibly important for
maintaining its value long term. There are many good ways and plenty of
poor ways to store paper money. Now that you understand how to
properly handle your paper money, let’s talk about how to store them!

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STORING
BANKNOTES
Most of the time we recommend keeping your paper money bills stored
in PVC-Free plastic. The plastic MUST be PVC-Free, meaning the plastic
type is not PVC. Have you ever smelled a pool floaty or a very strong-
smelling toxic plastic? That’s PVC. What is PVC? PVC is Polyvinyl Chloride.
It’s a toxic, low-quality, low-cost plastic. You DO NOT want to put anything
on, in, or near PVC plastic. It will destroy paper money.

Want to find the fastest way to drop the value of your rare paper money?
Then put it in PVC plastic and you’ll end up like the person above who
damaged their banknote because of storing it improperly. Big take away
here, don’t use anything with PVC in it. If it smells bad, its likely PVC.
Here is a list of items we use, along with PVC-Free plastic holders:
https://oldmoneyprices.com/supplies/

You don’t have to use what we suggest in the link, just make sure its PVC-
Free... We can’t stress that enough.

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STORING
BANKNOTES
Congratulations, you just came across a rare United States Banknote.
What’s the first thing you should do? Well... if you don’t have anywhere to
keep it, you’re going to want to put it somewhere flat and safe (NOT a
wallet or purse). Sometimes we’ve recommended using a book for the
time being if you don’t have a PVC-Free holder.

Just make sure you


don’t forget about it!
Sounds silly or obvious,
right? Well, I kid you not,
I’ve literally bought a
book at Goodwill before
and it had some rare
paper money inside it.
Someone probably put
it in there to keep it safe
then forgot about it...
Oops.

(What are the chances we just found this online. Looks like this
happens more often than not. Someone online found this inside a
book as well. Goes to show that this happens more often than not!)

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STORING
BANKNOTES
Banknote binders can be a decent option when it comes to storing
your paper money. The only issue I’ve come across with these binders is
a lot of the time, while they are great for displaying, they use PVC plastic
which will destroy your paper money.

Something like the above is perfect for displaying a banknote collection


but like I said, a lot of the time they’re a poor-quality plastic, so watch out
for that.

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STORING
BANKNOTES
BCW is typically a good brand that makes PVC-Free plastic to keep
collectibles safe, like in the example below. So there are some good
options out there to store them safely. The only exception is Hard Plastic
can be High-Quality PVC and it will not damage banknotes. If it's soft
plastic, like below, it must be PVC-Free:
https://oldmoneyprices.com/supplies/

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STORING
BANKNOTES
Grading is probably the best overall way to store and keep the value of
your paper money. Realize that grading paper money is not always
cheap. So if your paper money isn’t rare, or valuable, most of the time it's
not worth grading your banknotes.

I personally like PMG Notes more than


PCGS for a few reasons. One of them is
that I live in Florida, and PMG is in Florida,
so they’re in my backyard. But I know plenty
of Currency dealers who live all around the
world who submit to PMG with no issues
about shipping.

Your other option is PCGS Banknote


located in California. They’ve been
around for a while and in my opinion,
are ranked #2 with PMG being #1.
When it comes to the overall quality of
grades, holder, and value given by the
grading company, PMG does it all a bit
better. PCGS has the backing and is a
very well-established company with a
lot of followers. You can’t go wrong
either way.

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GRADING
BANKNOTES
Paper Money Grading is a skill that can take years or decades to learn.
In this Free E-book, I’m planning to equip you with the fundamentals of
paper money grading so you have a good understanding of what is it,
and how to grade.

Please note: like many things, practice makes perfect! I’ve been grading
professionally coins & paper money for over 10 years, and more casually
since I was very young.
Lowest grade: 1
Highest grade: 70

The grading scale that is internationally accepted in Paper Money


Grading is called the 70-point numerical Sheldon grading scale.

You never really see banknotes graded as low as a 1, and getting a 70


grade is incredibly challenging, however, achieving that 70 grade will give
the banknote a huge spike in value. Simply because it's so hard to
achieve. PMG no longer grades note lower than the grade “Good 4”
because below 4, the banknotes are likely falling apart and ineligible to
even be graded.

Ouch! You may be thinking “why


would ANYONE grade that
banknote?” Simple: it’s super rare
and valuable, even in that grade.
This 1928A $10 bill sold for $920 in
auction. Crazy, right?

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GRADING
BANKNOTES
Below is a clip from pmgnotes.com website and their grading scale on
the lower end of the scale. One thing you may notice is the verbiage they
use, even for the lowest-graded banknotes. The reason for this is
because their job is to: Authenticate, Attribute, and Give Value to
banknotes. Even in the lowest grades, they don’t want to use words like
“Garbage 4” or “Really Ugly 4” because this would detract from the value.
The idea is keeping everything positive, so the buyer and seller both win.

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GRADING
BANKNOTES
Grades 40 to 58 you’re getting into some better condition banknotes.
Remember that a big factor to determine value is the type of banknote
you have. I could go to the bank today, get a $1 bill and grade it (not a
good idea by the way, unless it’s a rare serial number or an Error note),
and it would grade very highly... but it may only be worth $10 to $20
after grading. Which is a loss. The point is, grade your banknote only if it
makes sense and its a rare type, which we talk more about later.

Read the list above about the grades. 58 is the easiest to determine. If
there is a fold anywhere on the bill that crosses the design. This rule is
generally accepted among all large grading companies for paper money.

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GRADING
BANKNOTES
Any grade above 58 (i.e. 60 to 70) is considered to be an “Uncirculated”
note. Uncirculated means it never went out into circulation. Circulation
means paper money that goes into the general population and is used
to buy goods and services. Let’s say you go to your local bank and pickup
a pack-fresh wrap of banknotes that were never opened, straight from
the Bureau of Engraving and Printing (BEP) where they produce paper
money. If it’s indeed truly unopened, all of those bills will be
Uncirculated, without a single fold anywhere on the banknote. Which is
cool, right?

Another thing to consider is EPQ (or Exceptional Paper Quality, when


we’re talking about PMG). You can still have an Uncirculated (UNC)
banknote with a tear, pinhole, or damage on it. Only grades 60-64 can
either come with or without EPQ. Grades 65 to 70 MUST have EPQ. That
means no tears, no pinholes, no damage to get those higher grades.

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GRADING
BANKNOTES
If you’re lucky enough to get the 70 grade, it automatically comes with a
Star designation, as seen below (at least with PMG it does). The Star
designation only happens rarely on banknotes below the 70 grade, and
getting the Star will increase the bill's value. When it comes to paper
money grades from 60 to 70, the biggest factor is the centering of
the margins. The better centering, the higher grade you can get, and
the more money the banknotes going to be worth.. generally speaking.

Notice how all the grades say EPQ after? That’s because PMG qualifies all
banknotes 65 to 70 as automatically getting the EPQ designation. For
example, let’s say we have a PMG 67 EPQ note, I cut it out of the holder,
poke a pinhole through it then re-submit it back to PMG. It will more
than likely come back to us as a PMG 64 with a Negative comment
“Pinhole”. By the way, don’t do that! Just giving an example :)

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GRADING
BANKNOTES
How to actually grade paper money

This is the part that’s going to take a lot of time and effort, but that’s OK.
Make sure you read over the general grading guidelines given by PMG
here: https://www.pmgnotes.com/paper-money-grading/grading-scale/

Once you’ve done that, next we want to set up our work station
appropriately to grade. Did you know PMG and PCGS paper money graders
work in the dark? The reason for this is so they can easily see folds,
repairs, imperfections, and any other flaws causing a grade change.

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GRADING
BANKNOTES
Before you start, make sure you have the proper tools. The most important
tool you’ll need is a lamp and a desk. Ideally, get a normal black desk
lamp. As we said before, you can use our link here to get a lamp or any
lamp will do. The lamp we show you on Amazon is the same type of lamp
professional graders use:
https://oldmoneyprices.com/supplies/

Here’s what we suggest you get before you start:


A clean desk with a felt mat on the desk
A lamp on the desk, in a dark room
A jewelers loupe
A UV light (only used sometimes, do NOT shine in your eyes)
Clean hands (no gloves)

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GRADING
BANKNOTES
How to hold paper money under light

Using light to your advantage is one of the biggest parts of grading


paper money. Look at the picture below, how the grader is holding and
angling the banknote in certain positions to show all the folds on the bill.
(By the way, that’s a beautiful U.S. $5 Educational Silver Certificate Note, one
of my favorites!)

Being able to use the light like this will help determine how many folds
are on your banknote, therefore leading you to determine a general
grade for the bill you have in your hand!

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GRADING
BANKNOTES
How to hold paper money under light

Now that you’ve held it up to the light to determine how many folds were
on your bill, you want to hold it “straight on” like the image below. This
will help you determine if there are any imperfections on the bill and also
the Centering. Remember, the Centering (margins) of a banknote will
only really dictate the value when we’re talking about Uncirculated (no
folds) banknotes. If your banknote has no folds on it, then the centering
will play a critical roll when determining the grade.

It’s also important to remember that just because you don’t see a fold, or
folds, on a banknote, that doesn’t mean there aren’t any on the bill.
Sometimes it’s very challenging to see if a banknote has a fold on it or not. So
spend some time and practice. You’ll get better the more time you
spend!

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FIN

We hope you enjoyed this complimentary e-book on Coins & Paper Money!
As our Old Money Prices YouTube community continues to grow, we want
to spend a moment to give an appreciation to you if you are reading this
book we put together. We spend a lot of time producing YouTube videos and
free content for everyone to enjoy!

In this e-book we covered the following:


In this e-book we covered the following:
How to handle Coins properly
Washing your hands
Preparing your station
Handling coins
How to grade Coins
How much is your Coin worth?
Rare varieties & types
Using Magnification
Currency Banknotes
Handling paper money
Washing your hands
What to do if you drop a banknote
Bad examples of handling
Good examples of handling
How to store your banknotes properly
PVC-Free plastic holders
Binders
Graded holders for storage
Grading Banknotes

Thanks, James from Old Money Prices


https://youtube.com/@OMP

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DISCLAIMERS

Disclaimer
This book and its contents are protected by U.S. and International copyright laws. You may
not reproduce, modify, display or distribute this book or it’s contents in any way unless you
have written permission from https://oldmoneyprices.com/. This book is for your use only.
Any/all trademarked names mentioned are the sole property of their respective companies.
None of these companies are associated with Old Money Prices.

Earnings
Information in this book is meant to educate the reader on how to handle coins, grade, and
value coins. We make no promises and do not guarantee any results, income, profits,
earnings, etc. You should always abide by Federal and Local laws and regulations when
doing anything online. By reading this book and implementing any techniques you agree to
hold Old Money Prices harmless should any of your actions equate in a financial loss.

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