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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".
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Demand Notes are considered the first paper money issued by the United States whose main purpose was to circulate. They were made because of a coin shortage as people hoarded their coins during the American Civil War and were issued in denominations of $5, $10 and $20. They were redeemable in coin. They were replaced by United States Notes in 1862.
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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.
It is believed that people have been collecting paper money for as long as it has been in use. [citation needed] Notable early collectors include Maberly Phillips (1838-1923), Henry Strakosch (1871-1943), [1] Fred Catling 1873-1947), Arnold Keller (1897-1972) and Albert Pick (1922-2015). [2]