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Collecting Banknotes/ Paper Money
This came into common usage in Europe in the latter part of the seventeenth century, in the form of bills, drafts and promissory notes used by bankers and merchants.
But the history of paper money goes back beyond that time, and is genrally accepted as having originated in china around a.d.700.
It took the form of paper drafts and developed into paper money redeemable in coin around a.d. 1000
It is interesting to note that these early banknotes were issued in great number with little or no regard for the economy.
The result was raging inflation and the downfall of the government in this case a dynasty. Nearly two thousand years later we still have the same trouble. Will we never learn?
Apart from the traditional old paper money there is a great potential in the banknotes of new or emerging countries.
Quite often a coup will overturn a government and the new leader immediately orders the elimination or withdrawal of that country’s currency so that he can get his own portrait on the new issue. This sort of situation could well lead to a shortage of a particular note.
One collector of banknotes framed his collection in a glass with a black velvet cloth as a background. His collection has also increased substantially in value and as decorative scheme , the effect is absolutely stunning.
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