1935 $500 (French And English)

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Does anyone know if the Charlton Cat. Will ever put the prices for the 1935 $500 notes in?

I was just wondering what poeple thought the book value's of the notes should be.


I think it would look something like this. 

English:G=$17,000 VG=$35,000  F=$45,000  VF=$60,000  EF=$80,000  AU=$115,000  Unc=$240,000 C.unc=$300,000  G.unc=$420,000

French:G=$40,000  VG=$67,500  F=80,000  VF=$110,000 EF=$175,000 AU=$300,000  Unc=$550,000  C.unc=$675,000  G.Unc=$850,000


Just My Thought, What Do You Think 

It seams you have put a lot of thaught behind this and your price structure seams reasonable. The only problem is pricing a note that is currently not know to exist. The current rule of thumb in Charlton is only pricing notes available to collectors.

The Current count is 8 English and 0 French.

I am confident that if one French variety were ever to surface in a decent condition such as F+, VF or EF could possibly fetch a price in the range of your UNC estimates.

I am confident that if one French variety were ever to surface in a decent condition such as F+, VF or EF could possibly fetch a price in the range of your UNC estimates.

Wow, Now that would be an interesting auction to go to! 

Thanks Jason

The Current count is 8 English and 0 French.

Is this for the notes in private hands?
I was just searching the Currency Museums Website and they have 4 French notes, They have the first 4. (F00001, F00002, F00003, F00004)

http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00266.000 #1
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00267.000 #2
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00268.000 #3
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00272.000 #4

They also have 10 English notes. (A00001, A00002, A00003, A00004, A00550, A00553, A00562, A00989, A00991, A02037)

http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00184.000 #1
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1984.0023.00040.000 #2
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00193.000 #3
http://www.currencymuseum.ca/eng/collection/view.php?objectid=1992.0037.00190.000 #4
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0032.00001.000 #550
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0032.00002.000 #553
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0032.00003.000 #562
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0022.00001.000 #989
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0022.00002.000 #991
http://www.currencymuseum.ca/eng/collection/view.php?objectid=2002.0032.00004.000 #2037

Dang... I thought those $500 1935's I had were Fakes...

Guess I shouldn't have used em to start the Fireplace last week.... DOH!

Imagine some teenager cleaning out Grandma's Attic... "What are these?  $500 notes... no such thing"  "These must be junk" ..... cumples them up and tosses in trash.

The notes your seeing in the currency museum are not considered "in private hands", these are institutionalized.

The notes your seeing in the currency museum are not considered "in private hands", these are institutionalized.

So for those of you that made the comment to me before...being institutionized is not a bad thing

The notes your seeing in the currency museum are not considered "in private hands", these are institutionalized.

Sorry, you said the 8 English 0 French. Then I said "Are these in private hands".
Guess you thought I was talking about the notes I listed.

Sorry for the mistake.

Imagine some teenager cleaning out Grandma's Attic... "What are these?  $500 notes... no such thing"  "These must be junk" ..... cumples them up and tosses in trash.

I am sure something like this has happened.   

Yes the 8 English notes earlier mentioned are in private hands!

Thanks Jason

Am I missing something here?

Charlton does list prices for English $500 notes (2009 edition, p. 226)

G = $17K
VG = $35K
F = $45K
VF = $60K
EF = $80K

French: "Extremely rare. Market value not established"

I don't get it. Something rare is something you find "not very frequent", like the one in a million odds of stumbling upon one in your granddad's old attic.

But these notes are not considered "rare". We know where they are and we know how to obtain one. It's like saying "The CN Tower is RARE because there is only 1" or "The statue of liberty is extremely rare" because there is only one. But surely if you had enough MONEY, either one can be bought.

If I had won the 6/49, I could easily buy out one of those notes from our national museum. But for what purpose? It is public for the public to see.

On a more practical scale, a 1935 $25 note in EF is "extremely rare", not really... it is OBSOLETE from circulation and if I wanted to obtain one, I would basically have to make an offer that is more than book value and buy it from someone who is not too emotionally attached to his collection. I wouldn't be able to resell it for anything near that price, but it is obtainable.

Now a perfect woman... now THAT's "RARE".

Now a perfect woman... now THAT "RARE".

WOW not a smart thing to put in black and white

But these notes are not considered "rare". We know where they are and we know how to obtain one. It's like saying "The CN Tower is RARE because there is only 1" or "The statue of liberty is extremely rare" because there is only one. But surely if you had enough MONEY, either one can be bought.

If I had won the 6/49, I could easily buy out one of those notes from our national museum. But for what purpose? It is public for the public to see.

Once you get a few years experience collecting Canadian Currency I hope you'll understand what are considered rare notes. These are not something you can just consider "not finding frequently" as there are many banknotes with low market presence that are not considered rare at all. The 1935 $25 dollar is not considered rare in any grade. I beleive the current count of these $25 notes exceed 1800 examples.  Rare notes must have very low survival count followed by oustanding demand. The 1935 $500 certainly meets these 2 criterias and could easily be considered as Extreamly rare.

The examples currently housed in the National currency museum are not available for any amount of money. 

"The statue of liberty is extremely rare" because there is only one.

There are actualy 2 of these, 1 in France and the other in NY. 

"The statue of liberty is extremely rare" because there is only one.

There are actually 2 of these, 1 in France and the other in NY.

I guess the value is going to really fall on these now that the number known to exist has doubled.

"I guess the value is going to really fall on these now that the number known to exist has doubled. "

Not Really... If I am correct...

The one in France is a Miniature Version of the one in New York.  I think it was used as a scale model to produce the one that was given to the USA.

Also there is one in Vegas I believe.. but its a cheap Knockoff one.. so grade it a G-VG.   Unless PMG Grades it... then it's a GEM!

Once you get a few years experience collecting Canadian Currency I hope you'll understand what are considered rare notes. These are not something you can just consider "not finding frequently" as there are many banknotes with low market presence that are not considered rare at all. The 1935 $25 dollar is not considered rare in any grade. I beleive the current count of these $25 notes exceed 1800 examples.  Rare notes must have very low survival count followed by oustanding demand. The 1935 $500 certainly meets these 2 criterias and could easily be considered as Extreamly rare.

The examples currently housed in the National currency museum are not available for any amount of money. 

I have been collecting for long enough. I had a very hard time finding a 1935 $5 or $20 note in any decent condition. Even when I found one, it was either over-graded or bought by someone else before I got a chance to negotiate.

Like I said, if I was to announce "Wanted - 1935 $20 in EF, will pay double book", then the note will COME TO ME. It's all about the money....

When dealing with very rare notes don't focus too much on book values as they tend to trail market value "sometimes considerably" due to outdated sales. What you invest into notes that are few and far between will play a big part in future trends

As for the note which you frequently mention are going over book value, this should make you happy. It means that demand outweighs supply and the upcoming book values will continue to show increases. While if everyone were getting deals the books will eventually start to reflect this and you may end up loosing some money.

There was an earlier thread (in 2008) dealing with this subject:

http://www.cdnpapermoney.com/forum/index.php?topic=7217.0

I don't think any new $500 notes have come to light since then. However, personally speaking, I feel that there must be a few out there somewhere languishing in safety deposit boxes or overseas bank vaults, etc.

It takes a much more knowledgeable collector to realize an under valued note and pay full catalog or more just to get it if it comes up for sale.
Bargain hunters will always have a collection of typical material.