Given that VF30s have sold as high as 250k in the last few years it seems like the buyer got quite a bargain.  I'm not sure how that US FRN compares to past trends but I feel like the whole market (for everything) is in a liquidity crunch right now.  If you have the $$$ to spend you could be picking up some great bargains.

Ever wonder why single-note replacements are usually in small ranges of about 1,000 notes, or a few multiples of that?

How about why sheet replacements are in bigger ranges from 45,000 to a few hundred thousand?

That's because single note replacements were often just a brick (1,000 notes) of otherwise good notes.  Maybe they grabbed a few bricks of notes for this purpose.

Sheet replacements were generally printed in batches of one or more reams of 1,000 sheets.  With 45 notes to a sheet, the minimum batch of sheet replacements would be 45,000 notes.  If multiple reams were produced, you would get a bigger range.  Ten reams would get you 450,000 notes.

You learn something new every day.

Well, it sold for 360,000 CAD (excluding buyer's premium). Considering the estimate was 500,000 to 600,000 that must have been a disappointment.

A $10,000 US Federal Reserve Note recently sold for USD 480,000
https://edition.cnn.com/2023/09/20/style/great-depression-era-bill-auction-intl-scli

Thanks for the detailed explanation, BWJM. I now finally get it. 

September 29th:

I picked up these neat defaced notes at the Toronto Coin Expo today.

This 1937 Osbourne signed $2 has a date stamp of Oct 14 1938.

This pair of circulated 1973 $1s were used as blotters for a red teller stamp…I found a similar $1 in Guelph last weekend.

There was a 1973 note with a purple stamp containing the following information:
03662-010
and some incomplete lettering…

A search reveals this transit number to belong to

The Laurentian Bank of Canada (Now CIBC)
Eastgate Square Banking Centre
75 Centennial Parkway North
Stoney Creek, Ontario
L8E 5B2

Then, there was another 1973 $1 that was used as scratch paper for adding a sum…

And finally, a 1979 $20 with two stamps—a red stamp and a blue one.  Unfortunately, only the blue stamp has enough information to decode.

04312-010
and some lettering that looks like “JAN” for what I think is “January”.
Laurentian Bank of Canada (CIBC)
Yonge &Steeles Banking Centre
7027 Yonge St.
Thornhill, Ontario
M5J 2X4

It’s very cool to find two notes stamped by the same bank (but different branches of that bank).

Enjoy!
Dean

September 29th finds:

I specifically chose these notes from the mutilated pile at the main branch today.

A polymer $5 with whereswilly.com written on the back.
When I entered the note in the whereswilly database, it turned up the following information:

20 Feb 2023 1:18am
Montreal, Quebec
Alain Lerequin 15e annee avec willy bye bye


I guess this note was the las one entered by this user before he “retired” from whereswilly.

I also took two journey $20s from the pile for the teller stamps.

Note #1: Has the remnants of “KEN…” and “5” in the bottom of the square stamp and “…ANK” (presumably BANK” and another “5” in the top right corner.

Note #2: has part of a square stamp with “Cash Logistics” at the bottom.

Note #3: a 1979 $20 with a partial stamp with the institution number 002, which is the Bank of Nova Scotia.

None of the $20s has a domicile.

Still, these are pretty cool face value finds!

Enjoy,
Dean

September 29th finds:
Main Branch Madness!

I stopped by the main branch of my bank today and there was a pot of gold waiting for me.

The teller let me look at the entire stack of mutilated notes and there was a significant quantity of 1969 $20s in that pile.

The highlight is the short runs of consecutive 1969 $20s.

There was also one BG- series birds $2 with two small Bs…

Enjoy!
Dean

Thanks BWJM for detailed explanation
It is always very interesting to understand little bit more for the process

Thanks

Anyone going to bid on this bad boy?  That's got to be on of the best looking 500s I've ever seen.

https://auctions.gbellauctions.com/530-Bank-of-Canada-500-1935_i50081281

What are your guesses for what it will fetch?

 Hi 12vv21
Love the palidrome  in your name and welcome to the the forum.
Brent, excellent explanation on single  and sheet replacements. 

cheers
Polarbear