3- 1954 $1000 with sequenstial serial number

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Hello everyone.

I have 3 1954 canadian $1000 bills with sequential serial numbers. 2 of them are in AU condition and the 3rd is likely in UNC condition. Attached is a photo.

Are they worth more than face value?{http://img29.imageshack.us/img29/3217/scan0003ov.jpg:http://img29.imageshack.us/img29/3217/scan0003ov.th.jpg}

Hello everyone.

I have 3 1954 canadian $1000 bills with sequential serial numbers. 2 of them are in AU condition and the 3rd is likely in UNC condition. Attached is a photo.

Are they worth more than face value?

yes they would be worth more than face value
what are the signatures on the notes and prefix (letters)

au can range from 1200 - to 8500 if a devil face (cat value)
unc can range from 1300 - 13500 if  a devil face (cat value)   

These are the most common and the lowest price in catalogue

The three of them look to me like EFs at best (using the "old" grading standards).

IMO, spend them.  You won't that much over face value to cover the costs of shipping, listing fees, and your time.

Thanks for the input. I am somehwat confused as to the descriptions I have seen on the grading. What in the image indicates EF at best?

Stick them in your RSP or your kid's RESP. That way you'll at least generate perhaps 30-40 per cent return above face value.

In my opinion, you should try selling them on ebay or something simliar, to see if you can get a better return above face value, before simply putting them in the bank. There's bound to be someone to pay close to the catalogue price if your lucky, especially on sites like ebay.

Also, once again in my opinion, because you have 3 consecutive it would be more valuable as a lot. This is because these notes date around really anywhere between the late 60's to late 70's...(the "lawson Bouey" signatures on the note makes it later in the series which started in 1954), and $3000 in the 70's was alot! Would have been about $15 000.

So if you think about it, how many people would have put away 15 000 in cash!

IMO it is rare to find three in series....on their own $1300 each...3 together i think you would be lucky to get $4000-$4500 to the right buyer, just for the sake of having 3 in sequential order...

However i have learned that only a few buyers/collectors care about sequential....i just think it would enhance the rarity to have the 3 in series, being such a high denomination...


Once again just an opinion! Maybe just putting them in the bank is better

$3,000 in 1954 is equal to $25,127 today when inflation totaled 737% over the past 57 years. How sad is that it’s lost 88% of it’s value.

MG

In my opinion, you should try selling them on ebay or something simliar, to see if you can get a better return above face value, before simply putting them in the bank. There's bound to be someone to pay close to the catalogue price if your lucky, especially on sites like ebay.

And how much over face value will you make after paying for ebay fees, paypal fees, shipping costs and god forbid if the buyer claims not to have received them?

$3,000 in 1954 is equal to $25,127 today when inflation totaled 737% over the past 57 years. How sad is that it’s lost 88% of it’s value.

MG

But if you could write this off as a capital loss that would be nice 

Friedsquid has a point aswell...if you were to sell them on ebay and miraculously get $4500, with ebay fees, listing fees, and paypal fees you would come out with about $4000.

But $4000 is still better than $3000!

The other issue that could arise, is not many people would wan't to put around $4000 in a denomination thats value is decreasing...

IMO don't hold on to them, get rid of them by selling them... on Kijiji (for free) or something, or maybe someone in the trading post will make you an offer. Worst case scenerio, if you feel you can't get much more for them, bring them to the bank to ultimatley be brought to the shredder...

But try to see what you can get before... once again, i think there will be someone out their that will give you a good price. Maybe they collect thousand dollar bills, who knows...

Give it a shot

.if you were to sell them on ebay and miraculously get $4500

I would say there is a better chance of Ebay and Paypal saying your fees are FREE because your a nice guy....than getting $4500.... :-D

I would say to put them on Kijiji for

$4200 OBO

and see what happens

IMO

I think they would be worth trying to sell.  even though they are not uncirculated, in the hands of a reputable dealer, they could very easily become UNCs because they have only soft folds and creases.  And sequential serial numbers make them more salable (i.e. it is easier to convince someone that they are Unc with consecutive numbers).  The eBay fees are definitely a falling down point.  Did anyone else notice that on April 19th, eBay is doubling the fee cap?  Whereas the maximum Final Value Fee is currently $50 per lot, it will become $100 in a few days.  Read the fine print and see.  Anyhow, there are other auction sites that don't charge high fees, but everyone insists on eBay even to this day.  Very sad.  Who do they think pays the fees?

$3,000 in 1954 is equal to $25,127 today when inflation totaled 737% over the past 57 years. How sad is that it’s lost 88% of it’s value.

MG


If he would have bought gold with the 3000 in 1954 he would now have 127,500

There's something you guys are overlooking.  Those $1,000 notes were not printed in 1954.  Lawson-Bouey signatures did not appear on paper money until 1973 at the earliest.  The serial numbers are relatively high, indicating the notes may not have been issued until the mid- to late 1980s before the changeover to Thiessen-Crow.  These notes were  put aside after the stagflation era of the 1970s.  So not as much potential investment revenue was lost on them.  The moral of the story is the date on earlier issues of paper money corresponds to when the design was engraved, not to the actual age of the note.

They're not 57 years old.  They can't be printed any earlier than 1973, based on the Lawson-Bouey signatures.