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Paper money catalog. A paper money catalog or banknote catalog (or catalogue) is a catalog of banknotes and articles relating to notable examples. The catalog is an essential tool of collecting as it provides information about the articles that many times cannot be extracted from them directly, such as the number of printed banknotes.
The Standard Catalog of World Paper Money was a well-known catalogue of banknotes that was published by Krause Publications in three volumes. These catalogues are commonly known in the numismatic trade as the Pick catalogues, as the numbering system was originally compiled by Albert Pick, but are also referred to as "Krause" or "SCWPM."
Albert Pick (born 15 May 1922, Cologne – 22 November 2015, Garmisch-Partenkirchen) was a German numismatist. An internationally acknowledged authority on the subject of paper money, Pick wrote the first modern catalog of banknotes in 1974, and is widely credited with establishing the modern face of banknote collecting.
Other related catalogs. Collecting World Coins: Standard Catalog of Circulating Coinage - 1901–Present, 15th Edition, publication date 2015, Krause Publications, ISBN 978-1-4402-4460-5 Digital copy available separately. Standard Catalog of German Coins - 1501–Present, 3rd Edition, publication date 2011, Krause Publications, ISBN 978-1-4402 ...
Banknotes in perfect condition (without any damage), that usually haven't circulated are rated as uncirculated (UNC) and that is the highest classification for a value that a banknote can have. In addition to that, the value for a specific note in the world paper money catalog is listed for UNC condition. Authentication, grading and cataloging
The illustrated catalogs and "event nature" of the auction practice seemed to fuel a sharp rise in overall awareness of paper money in the numismatic community. The emergence of currency third party grading services (similar to services that grade and "slab", or encapsulate, coins) also may have increased collector and investor interest in notes.