Sell Old Paper Money for Cash Near Boston, MA
The Jewelers & Loan Co. Quincy is an Old Paper Money Buyer. Old paper bills and old paper notes are a fun and often overlooked collectible that could be in your local safety deposit box or in your bookcase. United States old paper money has a lot of history. Old paper money boasts beautiful artistry by the designers of the notes including iconic eagles, pyramids, the eye, In God We Trust, stars, the flags of American history, and the memorable leaders and socially significant influences of our banking system. Old Paper currency is like holding history in your hand.
We buy and pawn paper currency from one-dollar bills to old silver certificates, to five-dollar bills, ten-dollar bills, large notes, blue seals, red seals, unique serial number sequences, legal tender, treasury notes, $500 bills, $1,000 bills, PCGC Currency Graded notes and PMG Paper Money Guaranty Notes.
Generally, old ripped notes, paper money that is folded, or old paper currency that is written on are attributes that are less desirable for obvious reasons. We have had several different Federal Reserve Banks over the maturity of the United States. From Bretton Woods to World Wars, to current day events with the infamous advent of cryptocurrencies – it’s not certain where the collectible business of old paper money will go to. Inflation is always a concern of course, especially with the fiat money system. With old paper money, the supply and demand fundamentals will most likely stay stable and as years go on, and there may be a demand for unique paper money. We appreciate any interest you may have in selling or pawning your old paper money.
Below are helpful old paper currency grading techniques used in the paper money grading industry to determine the authenticity and grade of the old paper money which help in turn to determine the price your bills are worth.
PMG or Paper Money Guaranty uses a 70-point numerical scale derived from the internationally recognized Sheldon grading scale. The following descriptions show how a note’s condition is reflected by the grades assigned by PMG.
What is a 66?
PMG defines a 66 note as having slightly more handling than a 67 EPQ note. The centering must be above average.
PMG Paper Currency Grading Scale for Old Paper Notes
70 Gem Unc 70 EPQ
This is the highest grade assigned. Notes must have no evidence of handling visible at 5x magnification. The margins and registration must appear centered to the unaided eye. Notes must qualify for the PMG Star () Designation to be graded 70.
Superb Gem Unc 69 EPQ
This note is nearly visually indistinguishable from a 70 but the margins and registration may appear slightly off center. There is no evidence of handling visible to the unaided eye.
Superb Gem Unc 68 EPQ
The margins and registration are slightly off center. There may be very minor handling.
Superb Gem Unc 67 EPQ
A note with above-average margins and registration. There may be minor handling.
Gem Uncirculated 66 EPQ
There may be slightly more handling than a 67 EPQ note. The centering must be above average.
Gem Uncirculated 65 EPQ
The note may have one or two minor distractions as a result of minor handling. The centering must be above average.
Choice Uncirculated 64
The centering is off on one or two sides. Some handling may be evident but there must be no folds in the design.
Choice Uncirculated 63
The centering is imperfect and the design may be flat. There may be several flaws but there will be no folds.
The note is strictly uncirculated but may have minor-to-moderate handling and/or corner tip issues. There will be no folds, however. The margins may touch or come into the design.
The note is poorly centered and the margins come into the design. There may be counting marks, smudges or other signs of handling. There will be no folds through the design.
A note with problems that may include toned paper, a small stain or fading. There will be handling issues but there will be no folds through the design.
Choice About Unc 58
Often a note with a single fold that crosses the design.
About Uncirculated 55
This grade is commonly assigned to a note that has one fold or two to three corner folds through the design.
About Uncirculated 53
A note with two vertical folds or a single horizontal fold. May also have signs of handling.
About Uncirculated 50
The note has two heavier folds or light horizontal and vertical folds. The handling can be significant.
Choice Extremely Fine 45
A note with two to three heavy folds, one of which may be horizontal.
Extremely Fine 40
There are three or more folds, one of which may be horizontal.
Choice Very Fine 35
For years, dealers and collectors called this grade “VF-XF.” This note looks Extremely Fine, but it will have four to seven light folds.
Very Fine 30
This note will be lightly circulated and may have light soiling. There will typically be seven to ten folds.
Very Fine 25
A note that shows modest evidence of circulation as well as more folds and/or soiling than a note graded 30.
Very Fine 20
The note is moderately circulated with numerous folds and mild soiling. There are no serious detractions but there may be minor defects.
Choice Fine 15
This note may look like a Very Fine note, but upon closer examination, it is found to have too many folds or too much circulation to warrant a Very Fine grade.
The evidence of circulation is considerable with rounded corners, margin splits, and other issues. The note must be whole with solid paper.
Very Good 10
A solid, whole note with lots of circulation. The note is too limp and has a number of minor problems.
Very Good 8
The note is heavily circulated but is intact. Some small pieces may be missing. Soiling, light stains or splits are common for this grade. The note is limp.
The note is very worn with serious splits, fraying of the margins and damage.
A very heavily circulated note with numerous problems. It is totally limp with impaired visual appeal. Notes in this grade are commonly seen with pieces missing.
Grades under 4 Good are generally not collectible unless the note is rare. Most notes at these grade levels are “Net” graded due to major problems.
In addition to the 70-point numerical grading scale, PMG uses several designations to give an additional description to select notes. These designations are Exceptional Paper Quality (EPQ), the PMG Star () Designation and NET.
An Exceptional Paper Quality (EPQ) note is, in the opinion of PMG graders, completely original. EPQ notes will not have been physically, chemically, or materially processed to give the appearance of a higher grade. Notes exhibiting normal wear-and-tear for their grade are eligible. All notes graded Very Fine 25 and higher will be evaluated for the EPQ designation. Notes must qualify for the EPQ designation to grade Gem Uncirculated 65 and higher.
PMG Star () Designation®
For a note to be designated with a Star (★) by PMG, it must exhibit exceptionally strong plate and/or overprint embossing, vibrant ink color, and pristine paper quality exceeding the well-established standards used to determine the Exceptional Paper Quality (EPQ) Designation.
A “Net” graded note is one that exhibits mishandling or problems that are more significant than one would expect for the assigned numeric grade. Notes with moderate-to-extensive circulation are expected to exhibit some problems and PMG will not assign a “Net” grade unless these issues are severe. If a note is “Net” graded, the problem will be listed. Common problems that may result in a “Net” grade include a large tear or tears into the design, PVC damage, a missing corner, an amateur repair, and extensive staining or annotations. The grade guarantee does not apply to Notes given a “Net” grade by PMG. Notes with “Net” grades are guaranteed to be genuine only.
Minor disturbances in the paper other than folds such as teller counting marks, crinkles and minor bends.
Paper quality is as issued except for normal circulation.
A pedigree describes the current and/or past ownership of a note and PMG will list this pedigree by submitter request on the PMG certification label. PMG will pedigree notes to significant collectors or collections if sufficient documentation is provided. In addition, submitters may request to have their own name or their collection’s name listed on the PMG certification label, subject to PMG’s discretion. It is important to note that although some pedigrees to famous collectors or collections can be desirable and add value to certain notes, many pedigrees will not add any desirability or value to note.
Alignment of the face and back printing.
Continental & Colonial Currency
- Continental Congress Issues
- New Hampshire
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina
- First Issue
- Second Issue
- Third Issue
- Fourth Issue
- Fifth Issue
- Legal Tender Notes
- Silver Certificates
- Federal Reserve Bank Notes
- Federal Reserve Notes
- World War II Emergency Notes
- Gold Certificates
- Compound Interest Treasury Notes
- Interest Bearing Notes
- Refunding Certificates
- Silver Certificates
- Treasury Notes
- Federal Reserve Bank Notes
- Federal Reserve Notes
- Gold Certificates
Military Payment Certificates
- Series 461
- Series 471
- Series 472
- Series 481
- Series 521
- Series 541
- Series 591
- Series 611
- Series 641
- Series 651
- Series 661
- Series 681
- Series 691
- Series 692
- Series 701
- 1861 Issues
- 1862 Issues
- 1863 Issues
- 1864 Issues
National Bank Notes
- National Bank Notes
- National Gold Bank Notes
War of 1812
- War of 1812
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