March 28th finds:

I managed to pick up a few paper notes from my bank today.  While I was there, I got three boxes of dimes and some regular spending cash.  To my surprise, I got a nice $20 repeater out of the bank machine.

Enjoy!
Dean

They make errors like this all the time.  Even when I give them all the info in a spreadsheet they still manage to make all kinds of mistakes.  I have some Chartered Bank notes that were supposedly issued in 1990!  You should be able to get it reslabbed for free although you'll probably have to pay for shipping and insurance.

+1
Yes, they will fix it but you have to "pay the piper" in getting it there & back. If you lived in the US it would be slightly easier/cheaper. I got a few errors on my bulk batch (50) too (& they will remain like that).  Just P coding so not as a big deal. They must have some primitive software where the certifier needs to check the correct boxes (& he/she checked the wrong 1) for such an error to be printed like that.

They make errors like this all the time.  Even when I give them all the info in a spreadsheet they still manage to make all kinds of mistakes.  I have some Chartered Bank notes that were supposedly issued in 1990!  You should be able to get it reslabbed for free although you'll probably have to pay for shipping and insurance.

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