Author
Topic: Printing error?  (Read 841 times)
TheBurnz
  • Junior Member
  • **
  • Posts: 35
« on: February 22, 2018, 10:16:20 pm »

Hello guys,

I'd like to know more about these types of errors and if they are rare and or sought after?

I find them to be interesting and more of a error then the cut errors seen. Let me know if you know of a data base for future references on these types of error.

Thanks



walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,009
  • Join the Journey
« Reply #1 on: February 26, 2018, 08:28:32 am »

According to the Charlton "Canadian Government Paper Money" catalogue, the errors you've posted look to be E3 Offset Printing Errors.  They are rare (as most errors are) but there is a problem with the notes' stickers/labels & the fact that many collectors struggle to assess their grade/value.

The 1974 $2 is labelled as VG-F /$450 - a price which is highly arbitrary/inaccurate. A VG note with a 75% offset printing error is estimated to be 15% of $600 or $90.00 according to Charlton.  Often a little more will be paid than book (my observation) but I believe that would be a fair price (within reason).

The Birds $20 is similarly labelled incorrectly.  While it appears to be 100% offset the amount of ink is fairly light so this will detract from its value (along with its dubious grade).  It may be appraised a little higher ($150 - $200) but again- if you were to put error collectors only in the auction this would be only after they inspected the grade of the note (& its eye appeal).  Put coin and novice collectors in the auction and the price will likely go double (plus your auction fees/taxes/etc).  I've posted my reservations re: auctions in another post.

Personally, I love to collect these notes but the biggest problem is trying to get notes in higher grades priced fairly.  Many dealers/collectors don't come across them often and that tends to drive the price up artificially.  Once this happens the owners would prefer to recoup their costs so we rarely see notes with errors priced accordingly.  I've heard many old-timer seasoned collectors caution that collecting errors should only be done if you "really know your stuff" (including knowing how to identify counterfeit) and after seeing too many errors overpriced, I'm beginning to understand this advice better.

TheBurnz
  • Junior Member
  • **
  • Posts: 35
« Reply #2 on: February 27, 2018, 09:11:59 am »

Great info and really appreciate the advice. I've been putting bids at $50 each and the auction house keeps passing. Your advice will be taking into consideration going forward. I only consider the grade given if its in a recognized holder, other wise I consider it the lowest possible grade. I don't win very many auctions but that is ok I guess.

Thanks again.
missinglink3
  • Junior Member
  • **
  • Posts: 20
« Reply #3 on: April 08, 2018, 03:05:15 pm »

I just sold one on ebay.
1$ 1954 devil's face prefix H/A9320756 at 79$.

I thought i'd get more for it but that's life

thanks
 

Login with username, password and session length