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Banknote enthusiasts enjoy individualist status; the hobby is regarded as intriguingly different. It has a certain prestige attached to it; people tend to assume that a banknote collector must be well-off - but this is often not the because many attractive banknotes can be obtained for well under 50p each. The hobby has a refreshing dignity to it; the banknote collecting fraternity is generally an honest, friendly community, with a genial camaraderie born of a common interest.
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Most paper money dealers don't have stores in the same sense as coin dealers. Most transactions occur through the mail and over the phone. It may seem less than ideal initially, but it works very well. Nearly every dealer who works through the mail offers a money-back, no-questions-asked policy. If the note you buy is not really the one you want, you can almost always return it.
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The $20 Liberty Gold Double Eagle gold coin is a great way for investors to add growth and stability to their current mix of assets. Investors privately acquire this gold coin which has outperformed the stock market over the last 5 years. U.S. Congress was prompted to authorize the mintage of a twenty dollar gold coin in 1849 due to the California gold rush. Up until that time the U.S Mint created only $2.50, $5 and $10 gold coins. The $20 Dollar Liberty gold piece was minted from 1850 to 1907.
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Although some of these U.S. paper money notes carry more of a premium than others, most $2 and $5 Red Seals that are seen are circulated notes from common series that carry very little premium over face value. All $1 Red Seals are scarce and are quite valuable in higher grades, while $100 Red Seals (although relatively modern) carry a premium of 20% to 40% even in circulated condition. Again, there are several scarce issues among these notes, and we recommend the Standard Guide to Small Size U.S. Paper Money (1928 to date), by Dean Oakes and John Schwartz, for more information.
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On my list of "do not buy" coins is those from the Franklin Mint and other premium collectibles mints (such as the Bradford Exchange, etc.) They are aggressive marketers who do sell genuine bullion coins (sometimes) but their coins usually do not have any after-market value among coin collectors and investors. You'll typically pay $45 plus for a one ounce silver coin that is only worth the value of its silver bullion when you go to sell it. (Silver bullion is at about $19 an ounce as I write this.)
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