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Topic: 1935 and 1937 notes  (Read 4181 times)
mpjc
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« on: April 22, 2011, 09:13:10 pm »

I have a bunch of old notes that belonged to my grandparents, and upon doing a bit of research, I'm coming to think that they may have some value. What is most interesting to me is a set of 1937 1 dollar notes. They are all Gordon Towers signed, and 8 of them have the prefix H/A, with consecutive serial numbers 6405636 through 6405640, and then the same numbers but ending in 42, 44, and 46 (would be nice to have 41, 43, and 45!). They are in perfect condition, crisp and unblemished. I think they are quite valuable in themselves, but does the fact that the serial numbers are consecutive add any additional value? I also have three more Gordon Towers notes with the prefix S/A. Interestingly, I haven't been able to find any info at all on these notes. Anyone know anything about this prefix?

I also have 3 1935 one dollar notes, also in flawless condition. As well as 4 1937 Osbourne and Towers signed 10 dollar notes with prefix A/D, not as good condition as the 1 dollar notes, but still very fine (no discolouration, no rips, tears, or folds). If I want to sell these notes, what do people with experience think is best: to sell all of them together as a set, or to split them up to appeal to people who may be looking for specific notes.

Any and all helpful information will be greatly appreciated!

« Last Edit: April 22, 2011, 09:37:50 pm by mpjc »
mmars
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« Reply #1 on: April 22, 2011, 09:42:25 pm »

The 1937 $1 notes prefix H/A are definitely more valuable than other prefixes.  They are the first prefix for the Gordon-Towers signatures and have a slightly different design where the signature panel is narrower than on later prefixes.  The best time to sell those particular notes was years ago when they were more popular.  Lower grade notes are definitely not going for anywhere close to catalogue value, but I can't say the same for uncirculated notes like yours because I just don't know what the demand would be.  The catalogue value is $900 for average uncirculated to $1,150 for "gem" uncirculated.  That's per note.  Consecutive notes don't command a premium.  You would be better off selling them piece by piece.  In fact, you would be smart to avoid letting buyers know you have so many.  Selling them as 8 lots all at the same time will result in lower prices offered.

The S/A notes are nothing special.  They catalogue $65 each and that's what you could get on a good day.

The 1935 notes are definitely desirable in all grades.  The $1 notes are worth $650-$1,000 apiece.  As for the $10 notes, I need more information to determine their value.  They could be worth $100 in low grade to $1,000+ in nice higher grade.  Again, don't sell them as a set.  Split them up.

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