Ways to Store your Banknotes

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Ways to Store your Banknotes

Introduction

If you're new to banknote collecting, you are going to wonder the best way to protect and store your banknote collection. This depends on your preferences. This guide explores the pros and cons of the various ways to store your collection. All methods protect banknotes from damage as long the materials are archival quality, ie. acid-free.

Banknote holders/wallets (or currency sleeves)

These are plastic holders which are sealed along the bottom edge to allow access through the overlapping flap located at the top. The holders can be stored inside a drawer of box.

Advantages

  • Allows easy access to banknotes for viewing.
  • When reorganising or showing off the collection, there's less risk of damaging the banknotes since they housed in the sleeve.
  • While growing the collection, allows minimum handling of unprotected banknotes so there's less risk of damage.
  • Easy reorganisation of collection.
  • Easiest uninsertion and reinsertion of banknotes useful for valuation purposes.

Disadvantages

  • Compared to the banknote folder and sheet, less impressive way of showing off the collection.

Banknote (currency) envelopes

Similar to the banknote holders, but also sealed along two sides to allow access through the slot at the top. The envelopes can be stored inside a drawer or box.

Advantages

  • Allows easy access to banknotes for viewing.
  • When reorganising or showing off the collection, there's less risk of damaging the banknotes since they housed in the sleeve.
  • While growing the collection, allows minimum handling of unprotected banknotes so there's less risk of damage.
  • Easy reorganisation of collection.

Disadvantages

  • Compared to the banknote folder and sheet, less impressive way of showing off the collection.
  • A little bit more risk of damaging banknotes when inserting. However, this is rectified by applying gripping the banknote against the inside of the envelope and sliding it gently inside.

Banknote album pages

These are plastic pages with a number of pockets. This can be 1, 2, 3, 4 or even 6. The pages are stored in a banknote binder with or without a slipcase.

Advantages

  • Allows easy access to banknotes for viewing.
  • When showing off the collection, there's less risk of damaging the banknotes since they housed inside the pocket..
  • More impressive way of showing the collection off.
  • Has a variety of designs and colours to suit preferences.
  • No need to buy an drawer or box.

Disadvantages

  • Binders and slipcases can be quite expensive.
  • A little bit more risk of damaging banknotes when inserting. However, this is rectified by applying gripping the banknote against the inside of the envelope and sliding it gently inside.
  • Small risk of damaging banknotes when reorganising the collection since handling unprotected banknotes takes place.

Conclusion

The method you will use is ultimately up to you. If you like the flexibility handling your collection while protecting them, feel free to chose the banknote sleeves or envelopes. If you like to show off your collection impressively to family and friends, feel free to choose the banknote pages. One important thing to remember is to make sure the sleeves or pages are made of mylar or equivalent materials (see Storing your Banknotes: MYLAR or PVC?).

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If you want to check out my other guides, please feel free to do so:

Storing your Banknotes: Mylar or PVC?

How to tell if a Banknote has been Cleaned/Washed?

Buying Commemorative Banknotes

Postage & Packaging and Couriers

Exchange Rate Commissions - What you need to know?

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