How to Preserve Paper Money

Bank Notes (also known as paper money) are prone to damages, like being crumpled, folded, torn, and much more. And for collectors, paper money must stay in mint condition or an acceptable state. Its corners are not torn, its serial number is visible, and so on. 

If you are a collector of bank notes in Las Vegas and would like to know how to preserve their mint condition, you ought to read what's next. We’ve got a few tips for you on safely storing your paper money so you can preserve its condition.

Inventory

The first step in storing your paper money is to list all of the paper money in your collection. Make sure you include the denomination, serial number, year printed, country of origin, and other unique markers, thus helping you organize them properly. It will also help you identify which of them are high-value items. Moreover, by having a list, you can monitor which ones you have easily.

Handling Paper Money

When handling paper money, you might want to use soft cotton gloves. The gloves protect the money from fingerprints and natural oils in the fingers and palms. The oils excreted from our fingers and palms can damage the notes over time. Paper money should also be stored in a clear album with pockets or a money holder. You should also not attempt to clean the money or repair any tears. Any sign of repair will reduce its value and collectible appeal. With fixing valuable items like collectible banknotes, it is better to leave it to professionals instead of doing it yourself.

Where to Store Paper Money

In addition to the money album, bank notes should be stored in a cool and dry place. It should also be stored in a low humidity area, with the recommended humidity between 44% to 55%. You may store it in your closet if you want, just make sure you have considered its security. After all, bank notes would still have face value. A small vault is the best place to store them. It is secure, and some vaults are even temperature controlled, so you don’t have to worry about damaging your paper money.