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Sometimes banknotes soar in value due to some historic or newsworthy event. For example, various European banknotes greatly increased in value where they were replaced with the new Euro currency. Hong Kong notes doubled or even tripled in value around the time of the Chinese take-over. Many alert collectors and investors anticipate these rises in value and realise big profits be buying up the notes before they rise in value. Remember the recent volcano in Monserrat? One month, Monserrat notes were just as desirable as any other East Caribbean State banknote. As soon as the volcano rendered the island uninhabitable, shrewd dealers and collectors world-wide bought every Monserrat note they could obtain, knowing that it was unlikely that any more would be printed.
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A banknote collection is an expression of its owner�s personal tastes and interests. There are no set rules regarding collecting themes; you can be as individualistic as you like. Some collectors specialize in notes from one country only - often their own. Some collect from groups of countries; British Commonwealth, Europe, or Africa, for example. Others collect notes from one period in history - WW2 for example. Others collect notes with some rare peculiarity, like those with printer�s errors. Some collect forgeries. The scope is limited only by your imagination. Many collectors start out just buying anything that happens to appeal. Some prefer to be more specialised. A specialised collection does have a unique appeal and can often be sold for more than the combined values of its individual components. However, the pitfall of becoming too specialised is that suitable material will be increasingly hard to find. But why not compile a specialised collection while simultaneously building a more general, free-style one?
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On my personal "do not buy" list are coins issued by the National Collector's Mint. The U.S. Mint has issued warnings about this company's misleading advertisements in the past, particularly its "Freedom Tower" coins. National Collector's Mint ads imply that Freedom Tower coins have meaningful amounts of precious metal in them when they do not. In addition, despite the perception they often give to the contrary, nothing this "Mint" makes has any association whatsoever with the genuine U.S. Mint, and it is my opinion that the coins they sell are, and will remain, virtually worthless as an investment collectible.
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The Gold American Eagle gold coins are made from government guaranteed gold. First introduced in 1986, U.S. Gold Eagles are the #1 gold bullion coin choice among investors across the world. After careful consideration, the United States mint decided to copy the design of the $20 Saint-Gaudens gold coin for the obverse of its new Gold Eagle. The $20 Saint-Gaudens was commissioned by Theodore Roosevelt to create coins of awe like the ancient Greek and Roman coins. The date, situated to the viewer's right of Miss Liberty, appears in Roman Numerals in the years from 1986-91 it has appeared in Arabic Numerals ever since.
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