Collecting historic bills and notes is a widespread practice across the United States and other countries. But the question is... Why collect paper? After all it isn't any precious metal that has inherent value! It is just green paper (okay… a special green paper! And yes more colors are coming into picture now…but you get the point!) How does it still manage to wield so much power on us? While it doesn’t have any intrinsic value, a $50 bill when dropped on the sidewalk disappears just as easily as if you dropped a gold coin.
What is this perceived value of a currency note? Is it more than the promise of the signatory in the bill? If you ask any John or James, he may not care who signed his bill but will sure know a counterfeit one from the real one most of the time. How does he do it? From the symbols littered throughout a note, of course!