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William “Willie” Baeder Passes
By Bank Note Reporter
June 26, 2013

This article was originally printed in Bank Note Reporter.
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Paper money dealer William “Willie” Baeder, a former long time resident of Hatboro, Pa., died Thursday, May 16. He was 68.

Baeder ran USA Rare, Royersford, Pa., along with his son, William Baeder Jr.. USA Rare was founded in 1998 and, according to the firm’s website, became “one of the first Web based companies specializing in fancy serial numbered currency and the buying and selling of rare U.S paper money.”

It was a family business from the start, but it “really started in 1968 when William Baeder Sr. first began collecting with a true pursuit on putting together fancy serial numbered currency rather than just buying a type note with a normal serial number.”

William Baeder Jr., wrote in tribute, “I’m deeply saddened to announce that the Currency fraternity lost one of the most passionate guys involved in currency.

“My father William Baeder Sr, who started collecting currency in the late ’60s, developed what we all call an addiction to collecting currency. Most of us have this. It starts out slow an becomes nothing but a day-to-day ritual. Throughout his collecting adventure he made pit stops at almost every single Memphis show there was except for 3. The first one, the last one and one other.

“He developed an attention to fancy serial numbers. That led to establishing some of the stand out notes, sets that are still in his holdings today.”

Mike Abramson, of Mike Abramson Currency, Duluth Minn., contacted Bank Note Reporter, writing of Baeder:

“You may think it odd that I would be contacting you about the individual who was my largest competitor over the past three decades. But Willy was special. I respected him more than just about anyone I had ever met in the paper money business, and I liked him tremendously. He was enthusiastic, engaging, forthright and honorable.

“We were often pitted against each other when large fancy serial numbered paper money holdings came up for sale, but each time Willy (and his son Billy) conducted themselves like real gentlemen—consummate professionals. I had the privilege of visiting with Willy at his home three weeks ago and he was in marvelous spirits in spite of his declining health. It was a trip I will never forget. The paper money industry has lost a wonderful individual.”

William Baeder Sr. is survived by his wife of 48 years, Dorothy E. (Beam) Baeder, his daughter Tracey Witzel (Gary), his son William Baeder, Jr. (Courtney), and six grandchildren.

Funeral services were held on May 22 at the James R. Baskwill Funeral Home in Hatboro, Pa., with internment at Whitemarsh Memorial Cemetery.

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