Check out the error on this one. Should be BC-48a Bouey Rasminsky signatures. They got the serial number right though 

I think I see what you mean. Interesting.

I see it on one of mine but not the other. I have no idea what it is. Here's a pic:

What is interesting is that of the mutilated polymer notes, the majority of them are $5s $20s and $50s. Again, not at all surprising since $20s and $5s are heavily used.

I expect to see more mutilated $50s as time goes by.  As inflation continues, I expect for the $50s to become the new "workhorse" denomination.

Makes sense with the $5 note, as that is the smallest existing banknote denomination currently in circulation.  The smallest banknote is likely to be the most heavily used.  However, in Newfoundland, where I live, $20s seem to last longer and are very rarely worn out - that could explain why I saw no new $20s for years now.  The $50 seems to get passed through so few hands in my province too - for now.  I find that the low-demand denominations (especially $10 notes) tend to last longer because of being passed through so few hands - it makes sense as to why vending machines have no problem accepting $10 notes, but rarely accepting $5 notes.  I also wouldn't be surprised if we see the $50 take over as the "workhorse" denomination in a few years' time if inflation continues the way it's going and the $20 note's decline continues.  And banknotes that were hard to come by for several decades may start becoming quite common.

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!