We work closely with the banknote auction house Stacks Bowers. Stacks is a leading auction firm specializing in rare currency. Before making the auction decision, first consider the reasons most people decide to auction their banknote or entire collection:
1) Unsure of Value – The majority of people choose the auction option because they don’t feel comfortable that they are getting a fair price from a dealer or collector. If you sell at an auction then you don’t have to worry how much something was “really” worth.
2) No Prior Sales Information – If you are lucky enough, then you might find yourself in a situation where you have a banknote that is so rare that one has never sold before. In that situation it probably makes the most sense to auction it so that the true market value can be determined.
3) More Than One Owner – It is not unusual to work with two or more siblings who have inherited a collection. If you are ever in a situation where more than one person has to make the final selling decision, then the auction might be the best option. It just keeps everything out in the open and you never have to worry about whether or not you got a fair price.
If you do think an auction makes the most sense for you, then please consider Stacks Bowers. They have low seller rates and are very professional. They also hold monthly rare coin auctions.