Buying Paper Money

Rare Paper Money Collecting, Old Money, Error Notes, Rare Currency Collecting, Federal Reserve Bank Notea. Buy buy paper money bands one get one free ! A banknote is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, who were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. Eventually, societies moved away from using precious metals to make money. Known as representative money, the new paper bills and coins made of non-precious metals represented certain values that everyone in those societies could agree upon. Governments or banks would promise to exchange representative.

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What is Paper Currency? definition and meaning

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Buying Paper Money

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