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Paper Money and Currency

From Gold Certificates to Texas & Confederate Notes, mistakes, misprints, error, & obsolete currency. If it's historical paper money, U.S. Coins and Jewelry is the most trusted paper money buyer in Houston. We buy and sell a large selection of collectible Texas & Rare Currency from small size silver certificates to large size treasury notes, banknotes, and so much more.

How to Sell Paper Money

Knowing the value of your paper money collection is daunting. From Gold Certificates to Republic of Texas & Confederate Notes, mistakes, misprints, error, and obsolete currency, our experts at U.S. Coins and Jewelry have seen it all. Our paper money experts are constantly studying the market to ensure that you get an accurate and fair price for your paper money.

At U.S. Coins and Jewelry, we are the leading source for buying and selling paper money in the Greater Houston Area and have been for over 35 years. Contact us at (713) 597-6367 or fill out our online appraisal form to sell your paper money and currencies today!

Paper currency has been used as a medium for commerce since the early ancient Chinese Dynasties. Paper currency, or often called banknotes, are a type of negotiable currency created by a bank as a promissory note payable on demand. Originally, paper money was used as a promise to deliver coin-based currency in an exchange of commerce. Over the years, the easy–to–carry paper currency simply became more popular than heavier coins and it cost less to produce.

At U.S. Coins & Jewelry, we buy and sell a large selection of collectible US Currency from small size silver certificates to large size treasury notes, banknotes, and even confederate currency. We also carry unique and obsolete currency, Republic of Texas currency, and high denomination notes such as $500 and $1000 Federal Reserve Notes. Whether you are buying or selling, we have expert appraisers on-site. Our professionals and their expertise in the field of currency knowledge allows us to provide buyers and sellers with the highest quality currency selling services. Plus, our experienced buyers have decades of experience with paper currency and banknote sales.


Since the early settlers, currency has been an essential part of commerce. While precious metals like gold and silver were not widely mined, notes were the payment method used as an active currency. Early on, Continental Congress knew the importance of paper currency and the impact it would have on commerce and production.

Through the decades and generations, different forms of currency were created out of necessity, such as Confederate Currency (This is because Silver and Gold was being hoarded or depleted during the time of the Civil War). Fractional Currency and Large Size Currency became important post-Civil War simply because they offered financial resources when the country was rebuilding. As these rare currency notes became more important throughout time, each is shaped by an important historical event that adds to the already high value of these notes.

Even in modern times, Small Size Bank Notes and MPC’s were printed and played an important role in United States currency. At U.S. Coins and Jewelry, we carry a large selection of rare money. Learn more about variations of rare currency by understanding the history of our rare U.S. currency below.

Gold Certificate

A gold certificate, in general, is a certificate of ownership that gold owners hold instead of storing the actual gold. It has both a historic meaning as a U.S. paper currency (1863–1933) and a current meaning as a way to invest in gold.

Historic Gold Certificates: From 1863 to 1933, the U.S. Treasury issued gold certificates that were redeemable for gold. They were generally for interbank transfers rather than consumer use. In 1933, the U.S. Treasury requested the return of all gold certificates. Not everyone obeyed, and today these documents are rare collectibles. These gold certificates are no longer redeemable for gold. of 1928 Gold Certificates Denominations printed and issued were: $10, $20, $50, $100, $500, $1000, $5000, and $10,000. The four lower denominations are generally available.

Silver Certificates

A silver certificate, like a gold certificate, is a certificate of ownership that silver owners hold instead of storing the actual silver. Several countries have issued silver certificates, including Cuba, the Netherlands, and the United States.

Historic Silver Certificates: Silver certificates were issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value in silver dollar coins and available in denominations of One, Five, and Ten Dollars. Besides the historic collector value of these notes, there are several advantages to owning silver certificates.

Large Size U.S. Type Notes

Of all U.S. paper money, the large-size notes issued before 1929 offer the greatest variety of beautiful, artistic designs, subject matter, and history. Large Size U.S. Type Notes are the most popular area of collecting currency today. The reason is simple: The design and artwork of these pieces of history is simply breathtaking. Their unique themes and symbolic design elements make them prized by collectors worldwide. Large-size notes measure a big 7 3/8 x 3 1/8 inches, and were affectionately nicknamed “Horseblankets” because of their huge size! The highly detailed designs on large-size notes are considered some of the finest examples of the art of engraving.

Small Size U.S. Notes

Small-size legal tender notes were printed from 1928 to 1966. They are also sometimes referred to as United States Notes. They will have a red seal and an 8 digital serial number. As a type, most legal tender notes are very common. 1928 $1s are generally considered the rarest and will have the highest premium over face value. 1966A $100 red seals are the least common and are generally worth around 15% more than their regular 1966 counterparts. Do note that some 1928 series $2s and $5s can have a higher value than some others, it all depends on condition and series letter (1928D, 1928F, etc).

High Denomination Notes

The United States issued green seal federal reserve notes for four different high denominations. These notes feature William McKinley ($500), Grover Cleveland ($1,000), James Madison ($5,000), and Salmon Chase ($10,000) as their portraits. Surprisingly, many $500 and $1,000 notes still exist. It is thought that there are over 150,000 $1,000 bills left unredeemed, and over 250,000 $500 bills are available to collectors. However, it is thought that there is less than 700 ultra-high denomination ($5K & $10K) notes left.

$506,000 and $511,000 notes are extremely valuable, and if you have one, we encourage you to contact us. Even $1001 and $502,000 can have high values depending on their serial number and which district issued them.

Republic of Texas Currency

The Republic of Texas first issued paper money in 1837. This currency was called “Star Money” for the small star on the face of the bill. The star money was not face value currency, but rather interest-bearing notes (similar to a treasury bill) that circulated by being endorsed over to the next payee. In 1838, Texas issued “change notes” with elaborate designs on the front and blank backs.

In 1839 Texas “Redbacks” was issued. The government printed over two million dollars in redbacks, which were initially worth about 37 cents to a U.S. dollar. The Redbacks were issued in the denominations of $5, $10, $20, $50, $100, and $500 bills.

If you have never actually seen an authentic Texas Redback, they are very ornate in their design and very collectible. It’s like touching a piece of early Texas History. But beware, these historic bills have been reproduced as a novelty item, and replicas are very common. If you are interested in buying, selling, or authenticating Republic of Texas Currency, U.S. Coins and Jewelry can help. We offer free appraisal services along with a full line of Authentic Texas Currency.

Confederate Currency

Confederate paper money is very collectible in today’s market, especially if the money is rare and/or in perfect condition. However, a lot of Confederate Money we see is actually reproductions or fake since it has been reproduced as a novelty item for over a century.

The Confederate States of America released their first issue of paper money when their provisional government was only two months old in April of 1861. The Civil War began that same month. The US Congress, on the brink of bankruptcy and pressed to finance the Civil War, authorized the United States Treasury to issue paper money for the first time that same year. The US notes were in the form of non-interest bearing Treasury Notes called Demand Notes.

The total amount of currency issued under the various acts of the Confederate Congress totaled $3.7 billion. Due to the scarcity of metal, however, the Confederacy never issued coins, instead of releasing seventy different paper note ‘types’ between 1861 and 1865. If you are interested in buying, selling, or authenticating your Confederate Currency, U.S. Coins and Jewelry can help. We offer free appraisal services along with a line of Authentic Confederate Currency.

WWII / Hawaii Notes

During World War II The United States issued special currency for the island of Hawaii and for troops in North Africa. The Hawaii notes feature a brown seal and are overstamped with the word “HAWAII” on the front and back of the note. Hawaii notes, as they are generally called by collectors, were printed for the Hawaiian Islands for use during World War II. The idea was that if the money supply in Hawaii was taken over by the Japanese that the United States could devalue any money that said Hawaii on it. Today we have wonderful collectible currency associated with a popular state. Hawaii notes are still good today at face value. Most new collectors are attracted to Hawaii silver certificates and federal reserve notes because they are different, but they fall into many collecting categories. If you are interested in buying, selling, or authenticating WWII or Hawaii Notes, U.S. Coins and Jewelry can help. We offer free appraisal services, simply stop by our showroom or click here to contact us.

Error Notes and Misprinted Currency

Error note collecting is very popular and often one of the initial types of notes that attract new collectors and outsiders to the numismatic hobby. These mistakes are aberrations of the production process. They fascinate the viewer and challenge the collector. Paper money errors possess enormous appeal to a wide spectrum of viewers and collectors. Most people already familiar with a “normal” note, marvel at the obvious deviation and frequently assume that such a piece must be worth a king’s ransom. Although error notes have always commanded a premium above a generic example of the same, errors are surprisingly affordable especially in light of their relative and absolute rarity. Also, any mistake released through normal banking channels is perfectly legal to own. If you are interested in buying or selling error notes, we offer free appraisal services, simply stop by our showroom or click here to contact us.

Obsolete Paper Money

Obsolete paper money is a term that is used to describe any state issued banknote that is no longer redeemable at its face value. Every banknote printed before 1860 is considered to be obsolete. Any time you see paper money that has something like “State of” written on it, that is an obsolete banknote.

Obsolete paper money was only printed under the authority of the bank. It was never backed by precious metals or by the government. So when ever the bank went out of business then all the paper money it issued instantly became worthless. Obsolete money is valued the same way any other paper money is valued. It is all about condition and rarity.

If you are interested in buying, selling or authenticating Obsolete Paper Money, U.S. Coins and Jewelry can help. We offer free appraisal services and we also carry a collection of obsolete paper money.

Want to learn more interesting facts and information about the currency you’ll find at U.S. Coins and Jewelry?

Take a look at the history of currency in our currency breakdowns below or get more detailed information by reading our historical currency blogs or by watching our video.


We Buy Currency

  • Gold Certificates
  • Large Size U.S. Type Notes
  • Confederate Currency
  • Fractional Notes/Shinplasters
  • Currency Supplies
  • Silver Certificates
  • High Denomination Notes
  • WWII/Hawaii Notes
  • Error Notes
  • Small Size U.S. Notes
  • Republic of Texas Currency
  • Obsolete Paper Money
  • Misprinted Currency

You can submit your item using the Appraisal Request Form or visit us in-store (no appointment necessary). 


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US Coins hosted my son's BSA Scout Troop to help them work towards earning their Coin Collecting merit badge. They were very helpful and willing to answer all of the questions that they had. My son wanted to get as much written down on his worksheet as possible before leaving, and Ms. Johns was kind enough to sit down with him and go through the remaining requirements that did not involve actually building a collection. A lot of us parents looked at buying US Mint Proof Sets for our Scouts, and their prices were very good. Thank you to US Coins for being great community members!
Andrew Wong