By PaperMoneyMan, on October 10th, 2011%
Question by NAZ: What is Turkey Specimen vs Turkey Currency in Paper Money?
Hello Collectors
I’ve been wanting to start a foreign currency collection, while browsing ebay, I noticed a huge difference in prices when the item is listed as just Turkey Lira for what ever value and when the listing carries the word SPECIMEN in it and that goes for other currencies as well… could someone please give me some hints and tips and explain why the price could be as low as a few dollars verses hundreds or sometime thousands when the listing has the word specimen in it.. and if you could direct me to what’s a good collection to have in coins or paper currency, you will be greatly appreciated
Thanks
Best answer:
Answer by DanyBoy Hunter of TrollsI am not sure what you are asking but if I got it right the reason is Turkish currency has been around a long time and has changed many many times and as a result it might be some forms are rarer than the other (some are from 3 years ago) some 800 . . . → Read More: What is Turkey Specimen vs Turkey Currency in Paper Money?
By PaperMoneyMan, on September 12th, 2011%
Ideas For Designing Paper And Coin Money For a Single Global Currency
Concept and history of currency
The last time world really had a single global currency, it was gold, and not a fiat currency consisting of paper. Remembering this simple fact may allow us to prepare for the single global currency in a much more effective manner.
Within the boundaries of a country, the government that controls the financial and monetary systems is accountable to the people for ensuring the value of the monetary unit. This allows the government to issue a fiat currency, and it is the backing of the government that maintains the credibility of that currency and makes it a reliable and acceptable medium. Notably, even in the financial and monetary sphere, the government itself is one of the biggest stakeholders, with stability of currency often linked with the stability of the government.
Global currency: The concept
In case of the single global currency, the authority issuing the currency and controlling it cannot have a stake on the impact of the instability of that . . . → Read More: Ideas For Designing Paper And Coin Money For a Single Global Currency
By PaperMoneyMan, on September 8th, 2011%
Question by nag c: why countries take paper currency from other countries. No transfer of product. Inflation is better to it.?
I mean to say when a country borrow loans from other countries for construction of a bridge, only paper currency come to them, but entire raw material is theirs only. collecting material from one place to another within the country why a country pay to others. In stead of it, print more currency [especially project currency] for a specialised purpose. Inflation is better than to pay others. pl. answer. i think u got my point.
Best answer:
Answer by DitrickToo much money in circulation may cause uncontrollable inflation. It may lead to your money not having value. It may lead to a nations downfall.
Add your own answer in . . . → Read More: why countries take paper currency from other countries. No transfer of product. Inflation is better to it.?
By PaperMoneyMan, on August 28th, 2011%
Question by abbysmom: i need to find the value of paper money my dad brought back from the phillipines in 1945 and ww2 ration books?
Best answer:
Answer by sunilnchassaramJunk. Take it to a flea market.
Give your answer to this . . . → Read More: i need to find the value of paper money my dad brought back from the phillipines in 1945 and ww2 ration books?
By PaperMoneyMan, on August 27th, 2011%
Question by adubb408: The False Value of Paper Money?
Can anyone explained about this subject…example or details would be great…
Best answer:
Answer by TSWThe Value of Paper Money is only as good as the promise of the government of it’s value.
It is truly worthless it is paper with ink on it.
There is no gold or anything of any value connected to it.
Give your answer to this . . . → Read More: The False Value of Paper Money?
By PaperMoneyMan, on August 8th, 2011%
Question by Dan W: Is there a name for the paper currency that was around before the new conterfit changes?
I’ve been collecting the 100, 50, 20, 10, and 5 dollar bills that were around prior to the security changes. The newer bills have the large face on the front instead of the small one. I was just wondering if the older bills with the smaller faces had a certain name.
Best answer:
Answer by Andrew OI haven’t heard one. Undoubtedly the currency collectors will think of something as time goes by.
Give your answer to this . . . → Read More: Is there a name for the paper currency that was around before the new conterfit changes?
By PaperMoneyMan, on August 8th, 2011%
Question by Belichick: What is the best paper money investment site?
I’m 16 and I want to start a few paper money (IE play money) which means a make believe account in which I can set the amount of money I have, and buy securities. Can anyone tell me which website you would recommend for doing this?
Separate question: I need a website or program that has a complete list of stocks available and provides statistics, news, and reports on companies. It would be very helpful if it allowed me to filter listings of stocks by certain statistics for instance I would be able to filter out stocks from a list that didnt have X price to earnings ratio.
Lastly if you are a professional/experienced investor please view my other question: http://answers.yahoo.com/question/index;_ylt=AixZFJFf48V6nA9dq0oVGO_sy6IX;_ylv=3?qid=20090326122917AAeFFwN
I would really like to be able to talk to some of you so I can ask questions and learn. Thanks!
Best answer:
Answer by NateCNBC.com has a million dollar portfolio challenge where you can use pretend money to build a portfolio.
ThinkorSwim.com has an impressive setup. If you are looking to be a . . . → Read More: What is the best paper money investment site?
By PaperMoneyMan, on August 5th, 2011%
Question by Lauren: This is jst a theory, but what wuld happen if the U.S. stopped making paper money and wnt to tatoo?
Think about it, if the world stopped making paper money and went to a tatoo, we wouldnt cut down so many trees, nobody could steal your money, no identity theft because its on your wrists or wherever you decide to put it, no illegal transactions could take place without a scanner, and even if they had a scanner, drugs do not have a bar code.
Ok, I know its a weird idea and most of you wont like the idea of being marked like a grocery item, but still…
Just tell me what you think.
Best answer:
Answer by Jesus & His Pal DinoThis is one of the stupidest things I’ve ever heard.
Seeing as no one’s bank account retains the same amount of money, there’s already a huge problem with your idea at conception.
Add your own answer in . . . → Read More: This is jst a theory, but what wuld happen if the U.S. stopped making paper money and wnt to tatoo?
By PaperMoneyMan, on August 3rd, 2011%
Question by ßЯ|ΔИ: What if all of a sudden, poof! paper money everywhere lost all its value?
Best answer:
Answer by Doug THaving a lot of Gold and or live on a farm would be handy.
Add your own answer in . . . → Read More: What if all of a sudden, poof! paper money everywhere lost all its value?
By PaperMoneyMan, on July 30th, 2011%
Question by Mallory A: Did Colonial farmers liked paper money because it lost value, making loans easier to repay?
it is a true or false question,the original question is:
Colonial farmers liked paper money because it lost value, making loans easier to repay, (T or F)
Best answer:
Answer by starwars811I think it it false.
Paper money is worthless unless you have something (i.e. gold/silver) to back it up. Printing more money without having the necessary backings to make it have value leads to inflation, which drives down the value of the money. That means that you have to have more of the money to pay something off, which many of the farmers did not have. So, it actually made it harder to pay
What do you think? . . . → Read More: Did Colonial farmers liked paper money because it lost value, making loans easier to repay?
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