Robert Murray Stamp
Banknotes - World Banknotes
One of the areas of
collectables we deal in is banknotes. The range of these
attractive items is vast, and this page is intended to give a
you 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'll be able to confirm
whether it should simply be taken to the bank and cashed.
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 Anything that is out of
date should be worth looking at, although some may only be worth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 lower 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. A fair
number (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
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.
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.
run a public stamps
and collectables auction every few weeks, and these
usually contain a small section of non-philatelic lots. Our
sales usually have a "Collectables" section (also offering
coins, postcards, medals, banknotes, etc.), and this is often
the best place to sell banknotes. We have in recent auctions
seen some exceptional prices realised for notes.
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
If you are a collector looking to
buy notes for your collection; We usually have
a stock of many hundreds 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
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 -
page about Jack Nicklaus five pound notes.
1 October 2006 front
in Scotland on Sunday in which we are quoted (not
accurately, of course . . . . )
Page created Monday 2 October 2006. Last
updated Wednesday 8 January 2019. Copyright Robert Murray
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 foreign currencies.
Basically, we charge [the advertised price of the goods] plus [the actual price of
postage] plus [£1 per order
Full details can be seen at our How to Order
is open four days each week, and customers are always, of
We carry very wide stocks of the whole world - much, much
more than is listed on our website.
information at this link.