At its 2021 Writers Award Ceremony on August 6, the Numismatic Literary Guild (NLG) announced that Paper Money and its editor, Benny Bolin, won the 2021 award for the Best Club or Not-for-Profit Periodical.

In addition, the NLG's 2021 award for Best Numismatic Column in the Paper Money category went to Fred Schwan & Joe Boling for their "Uncoupled" column, which appears regularly in Paper Money.