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How to Collect Chinese Paper Money

Numismatists collect the world's currencies, sometimes specializing in a single country, region or time-frame. They can focus on coins, paper currency or both. Chinese paper currency is popular among collectors for its colorful depiction of Mao Zedong, Chinese folk heroes and naturalistic scenes from around China. Collectors wishing to specialize in Chinese paper currency have a number of options to build their collections, including conventions, coin shows, hobby shops and the Internet.

Instructions

    • 1

      Research Chinese paper currency. There are online resources that describe Chinese currency in detail, but you can also visit coin shops and conventions and speak to dealers. Local libraries may also have books on collecting paper money. Numismatic publications also offer price lists for currency circulating among collectors and grading guides for bills.

    • 2

      Determine which Chinese paper currency you wish to collect. This can include specific denominations, ancient money, bills depicting Mao or those that do not. Collecting specific types can help to focus your collection and give you a better chance to complete the collection. Alternatively, you can broaden your scope to include larger groups of bills or even all Chinese paper currency.

    • 3

      Determine whether you wish to collect Chinese paper currency for a hobby or as an investment. Collecting as a hobby allows more freedom in picking Chinese paper money that piques your interest, while collecting as an investment requires more attention to rarity, demand and the condition of the bills themselves.

    • 4

      Browse eBay or other online auction sites for Chinese paper currency. Visit numismatic conventions and local hobby shops. If you see a Chinese bill that interests you, be sure to shop around to ensure you are getting the best price and quality.

    • 5

      Protect your currency. Use an inert container, not a plastic sleeve, to prevent damage to the bills and protect them from dirt, oils and sunlight.


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