Robert Murray Stamp
One of the areas of
we deal in is banknotes. The range of these is vast, and this page is
intended to give a simple introduction.
have notes you are thinking of selling (or want to get a
valuation on); Notes fall into different categories - UK and foreign,
current (or recent) and obsolete.
Current UK (Scotland,
England, Northern Ireland). If a note is still in circulation,
or is only recently out of circulation, it is unlikely to have any
collectable value above its face value. If you bring this type of thing
to us, we can confirm what should simply be taken to the bank and
Obsolete UK. It is
wrong to say that notes are more valuable because they are older, but
it is true that many older notes are scarcer and therefore potentially
of more value. Anything that is out of date should be worth looking at,
although some may only be worth their face value, depending on their
condition. For example, a moderately scarce note that might sell for a
good percentage above face value in perfect condition may only be worth
a small premium in average quality, and would possibly only be worth
banking if in a poor state.
Current (or recent) foreign.
Although most current notes can be exchanged at a bank or bureau de
change, sometimes this is not worthwhile if you only have a small
quantity of one country, due to the minimum fees that are often
charged. Although we will often pay a poorer rate, we don't have a
minimum fee, so selling to us (or other dealers like ourselves) can be
an advantageous way to dispose of odds and ends. Due to our contacts in
the international currency business, we can also often negotiate
currency notes that a bank might have told you cannot be accepted.
Again, a fair percentage might come off the theoretical value, as we
have to make a profit, as well as allowing a profit margin to the
people we sell on to. Most (but not all) of the notes of the countries
that now use the Euro are still negotiable, but you have to know how to
go about it !
Obsolete foreign. The
value of these is simply down to supply and demand - numbers available,
collector interest, and of course condition. There are some old notes
that are in fact very common, and some modern that are scarce.
What do we do ? We act as
dealers, as valuers, and as auctioneers.
Dealers. If notes are
suitable for us to take into stock, we will be happy to make an offer
to purchase. We can usually break down an offer into sections so that
you can see which notes are getting the higher and lower prices. We are
happy to buy small lots of odds, and even more happy to buy large and
important collections. There is no obligation on the seller's part to
accept our offer. If you have a large holding of one type of note, it
is worth taking our professional advice as to how to sell such a
property without flooding the market.
Auctioneers. We run a
auction virtually every month, and these usually contain a small
section of non-philatelic lots. Approximately every three months we
hold a sale which has a stronger "Collectables" section, and this is
usually the best place to sell banknotes. We have in recent auctions
seen some exceptional prices realised for notes.
Valuers. If your need
is not to sell your notes, but to have them valued (for example for
insurance, for estate valuation, or other tax purposes) then we can
provide this service also. The same terms apply as for valuations of stamps.
If you are a collector looking to buy notes
for your collection; We usually have a stock of notes
available for retail sale, from some which are just a few pence each,
through to scarcer notes with much higher prices. Stocks can vary
considerably from time to time, so if you are travelling a distance it
is worth contacting us first to enquire about
our stock levels.
Auctions are mentioned above, and it is always worth watching these
to see what is available.
We do not normally publish price lists.
See also -
1 October 2006 front
article in Scotland on Sunday in which we are quoted (not
accurately, of course . . . . )
Page created Monday 2 October 2006
|Robert Murray Stamp
5 & 6 Inverleith Gardens
Scotland EH3 5PU
Tel. 0131 552 1220
or 0131 478 7021
|How to Order
Mail Orders are accepted by post, telephone, email, or fax. We accept
payments by cash, cheque, Visa/MasterCard, Switch/Delta, and some
Basically, we charge [the advertised price of the goods] plus
[the actual price of postage] plus
order handling charge].
Full details can be seen at our How to Order
is open five days each week, and customers are always, of course,
We carry very wide stocks of the whole world - much, much more than
is listed on our website.
at this link.