I suggest you look here for some previous sale prices:
https://cdnpapermoney.com/notes/register/7/3/18/74/320/list

$3000 seems like a fair assessment based on actual sales, though you might have to settle for slightly less.  If you can get close to that figure privately, then I would take it and run.  Otherwise, just auction it in one of the major auctions.  This particular note is a bit oversold and in this condition it's not exciting enough to attract much action.  It's nevertheless well-established so you'll find a value-buyer for it.

I'll have to respectfully disagree with Dean and say that you absolutely should get it graded if you want to maximize your sale price (especially at auction).  I know that some old-timer collectors have a bone to pick with the grading services but the fact is that if it's not professionally graded, your buyer is guaranteed to nit-pick over every minor defect and hold you personally accountable.  Would you rather sell it as a raw EF to appease the Charlton Standards hardliners or as a professionally certified AU-55?

Hello KelownaGuy,

I think the Devil replacement images suggest a slightly higher grade of AU 55 (AU 50-58).  This replacement note is Charlton catalogue BC-29aA and is currently valued around $3,000 in AU grade.  Your note is listed in the CPMS registry and is one of 73 currently recorded.  It is not scarce, but is a very nice and desirable note!

As mentioned in a previous post, auctions cut into the $$$ you receive in exchange for offering it to more potential bidders. If you search this on iCollector for example, you can see prices of similar notes realized in recent auctions.

Private sales may be better; usually at a slight discount to catalogue.  This is great if you can find someone who wants the note.  Perhaps someone on this site will be interested.

Cheers,
JBN

Very nice note!

I would not get the note graded.

Putting the note into an auction would get higher prices but you'd have to pay a hefty fee for the privilege.  But if you need the money, auctions will reach more people.

If on the other hand you find the right private buyer, they could also offer you a fair price for your note--without the fees and taxes.

The note looks EF to me...

Dean

I know there is value in this note. When the day comes to sell would it be beneficial to have this note professionally graded? And who would you recommend?

To get the value out would you recommend a private sale or auction?

Any thoughts on grade and value in the mean time?


Thanks

I have a feeling that banks in Atlantic Canada may have had the King Charles III coins, but they got a limited supply and they went like hot cakes.  Same may have occurred with the Viola Desmond $10 notes when they were first released a few years ago.

It seems like whenever a new face appears on our currency, people want them and many refuse to spend them (they'd likely hoard them) until the coins or banknotes with the former face are significantly gone.  I still see some MacDonald $10 notes to this day, but I have been seeing an increase in Desmond $10s in St. John's since last summer.  Since August, every time I withdrew $10 notes from Scotiabank ATMs I normally go to, I got MacDonald $10s only one time, and after that it was all Desmonds to this day (including recycled ones with different prefixes).  I suspect people will likely do the same when the new $5 note gets issued - if Laurier's portrait gets replaced by a new portrait.

Also, if memory serves correctly, I don't think I remember coming across any newly-minted coins in Newfoundland in recent years (the pandemic likely had nothing to do with it) except for commemorative issues of quarters and toonies - all of which had the Queen on it.  Maybe banks in Newfoundland suspended ordering newly-minted coins (except for commemorative versions) due to having enough in circulation to last a while, perhaps?

Regarding the commemorative coins, I remember getting one of those black toonies in change from a supermarket, and I felt suspicious about it and turned it down in favor of a(n) (almost-)normal toonie as a result - without realizing it was real, and a special edition toonie released in honour of the departed Queen Elizabeth II.

Can ANY bank note hunters please chime in -- have you EVER gotten a single, or multiple notes from a bank that had an over-whelming smell on them?

I cannot recall that actually happening for me (like your situation) but I can say that the more circulated the bundle, the more unpleasant (& smelly), so probably.  The smell factor has really improved since polymer.  However, even polymer circulated enough will smell unpleasant.

Perhaps the odour of circulated cash is another reason a lot of collectors seek notes that are UNC (for collecting purposes)?

I recorded this episode from the tv show “How Do They Do It?”  The show is from 2012 and is pretty cool about the paper making process of US paper currency, as well as the inking and production process.  I recorded it on my iPhone.  So, my apologies for some issues.

Here is the YouTube link:
https://youtu.be/YMgu2WPlhaQ?si=1NpA9omrH_nck6qP

Enjoy!

March 18th find:

I picked up a worn birds $20 today because it had a legible partial bank teller stamp on it.

It reads:

04362-003

A quick search reveals that this transit number belongs to

The Royal Bank of Canada
602 Queen St.
Sault Ste Marie, Ont.
P6A 2A4

Pretty neat, eh!

Enjoy!
Dean

March 18th finds:  2 banks, 2 scores!

I went to 2 different banks today and both of them had paper money for me.

The first bank had 48 birds $2s, a birds $20 and some 1954 series notes.  It’s nice to receive crispy birds $2s!

The second bank had two 1975 $100s for me.

Enjoy!
Dean

Hi,
You know how I'm creazy about large ''B'' in 2$ 1986.I will share with you my last discovery.

The first one is I finaly found a radar with one large ''B'' on the left side in BGR prefix 3376733 and I also have the next radar 3377733 but no large ''B' on this one.

The second is on replacement BBX.For now I found BBX 0907097 with two small ''B'' and the one I have more near for now it's BBX 0784365 with two large ''B''.I think before 0900000 they are all large ''B'' and after turn to small ''B''like the BBP prefix,they start with all two large ''B'' and somewhere over 3million turn to two small ''B''.And what was my surprise when I found a BBX 3476975 with one large ''B on the left and small ''B'' on the right.

The last for now it's a prefix I never imagine it could be have this kind of variety it's on a BUJ prefix with large ''B'' on the left  and small on the right
You don't imagine how many 2$ I saw until for now,many thousand only this week end it's 1000 x2$ 1986.
If you have 2$ 1986 with prefix who start with BG..A to Z and with and without large ''B''I really apreciate if you let me information it's for my registery.More information I have better it's for me to maybe imagine where the range is?
Thank you.
Claude