CPM Forum

General => What's It Worth? => Topic started by: Deleted Member on October 06, 2015, 03:57:22 pm

Title: 1935 Bank of Canada $50 Banknote
Post by: Deleted Member on October 06, 2015, 03:57:22 pm

Hi,

I have this note and am looking for some help in regards to value. Not many for sale, so I'm tempted to sell but don't know what a fair price is.
Also, would it be worth sending to PMG to get graded? Do you think it would come back at the same grade, give or take?

Thanks,

Title: Re: 1935 Bank of Canada $50 Banknote
Post by: canada-banknotes on October 06, 2015, 04:30:07 pm

Quote from: Deleted Member on October 06, 2015, 04:10:20 pm

Sorry, having trouble loading pics.
It is a BCS graded 40.
If you PM me, I can email pics.

Thank you

I have loaded images of the note for you.  As I mentioned in my email to you earlier:

"Well I think that you may have overpaid (CAD $2800 + Bidders Premium + HST) for that note at the A.H. Wilkens auction in Oakville today.

I was on the Floor at the auction with numerous other dealers and collectors and viewed the note personally yesterday.

I don’t think you will get more than you paid for the note considering the major stain and damage to the note in the left margin."

{attach:3582}    {attach:3583}

Title: Re: 1935 Bank of Canada $50 Banknote
Post by: canada-banknotes on October 06, 2015, 05:08:22 pm

Quote from: Deleted Member on October 06, 2015, 03:57:22 pm

Hi,

I have this note and am looking for some help in regards to value. Not many for sale, so I'm tempted to sell but don't know what a fair price is.
Also, would it be worth sending to PMG to get graded? Do you think it would come back at the same grade, give or take?

Thanks,

I neglected to answer your question about PMG grading of the note.

PMG will provide you a "Net" grade for the note whereas BCS will grade the note as if there was no damage (i.e. stain) and list the stain in their comments.

PMG will provide a Net grade taking the stain into account.  A "net graded" note is one which has had an adverse occurrence after it left the printers.  PMG understands that such a note can still be rare and valuable. Instead of returning it ungraded, PMG will holder and authenticate it as a "Net Graded".  PMG will specifically state the reason(s) why any note is net graded. The PMG guarantee is not valid on any net graded note. Listed here are a few examples of why a note may be "net graded": tear, corner missing, repaired, re-embossed, washed, stained, ink or writing and PVC damage.