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Topic: Which is the better investment?  (Read 11421 times)
sosso
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« on: May 10, 2006, 03:06:34 pm »

Hello!
I am looking to buy myself a $1000 note; either a clean 1954, or an AU-UNC 1988  (a 1935 would be great, but I don't have $5000!)

My question is simple: which of the two would make a better investment?

The reason I ask is because 1954 thousands don't seem to be much more expensive than face value while 1988 thousands seem to be hotter; but I may be wrong.

If you have suggestion or comments, please feel free to answer my post!
thanks
sosso ;D
eyevet
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« Reply #1 on: May 10, 2006, 03:24:27 pm »

Hmm ... purely opinion here.   If I were to choose a 1988 $1000 I would go for an EKX.  If I were to choose a 1954 $1000 I would NOT choose a Lawson Bouey, but would go for a Thiessen Crow, Beattie Coyne, Beattie Raz or a Bouey Raz as there were less printed.  If I had to choose between one of these '54 notes and a EKX? I would choose the '54 note.  


Oli1001
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« Reply #2 on: May 10, 2006, 03:45:21 pm »

Buy both!  ;D. Personally I love the $1000 bills, from all the series. As for a better investment, not sure. Less 1954s were printed but more of the 1988 bills are being sold at shows and ebay while the 1954s remain unsold. So I guess the birds...
only4teeth
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« Reply #3 on: May 10, 2006, 03:46:37 pm »

Replacement aside, I can't see either note increasing much in value. There doesn't seem to be a great market for 1000's. Go with what you like. For me it would be the 54.
rscoins
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« Reply #4 on: May 10, 2006, 03:59:11 pm »

Demand for any $1000 note is low, due to the face value of it. Few people can afford one, so they are not widely collected.

Rick
kid_kc79
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« Reply #5 on: May 10, 2006, 04:52:02 pm »

If you are looking to invest and you have the money to purchase a $1000 note then I would strongly suggest going with something much scarcer. The 1935 $20 denomination and over or any pre 1923 Dominion of Canada EF and up are all superb choices. Most of these are seeing around 15% a year with book value trailing market prices. You would have to sacrifice grade for scarcity but the demand is what drives the prices and all of these should outperform the $1000 note.
 ;)

KC's Canadian Currency
JB-2007
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« Reply #6 on: May 10, 2006, 04:53:18 pm »

Of course the best would be the EKX but for regular notes that are not pricy like the devils, i'd try and find a 1954 Thiessen-crow. That is perhaps the best one to have after the devils face.
stevepot99
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« Reply #7 on: May 10, 2006, 07:58:56 pm »

if you are looking for an investment that would increase in value spend the same money on an UNC 1937 Osborne //towers or a 1954 ZZ or VV replacement those will increase in value way more then a 1000 dollar note they are to common
venga50
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« Reply #8 on: May 10, 2006, 08:18:30 pm »

Instead of a $1,000 bill you might also consider specimen notes of the 1954 series.  It appears you've got about $2,000 to spend, so you could pick up some of the '54 Specimens.  The Charlton's value appears to be below market for these notes, but I imagine you could get the $1 thru $10 of either the devil's face or modified specimens for about $2,000 if you shop around.  For some of these notes only 9 to 12 were sold to the public by the Bank of Canada, so it could take some time to find them.

Travsy
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« Reply #9 on: May 12, 2006, 12:29:27 pm »

Quote
Hello!
I am looking to buy myself a $1000 note; either a clean 1954, or an AU-UNC 1988  (a 1935 would be great, but I don't have $5000!)

My question is simple: which of the two would make a better investment?

The reason I ask is because 1954 thousands don't seem to be much more expensive than face value while 1988 thousands seem to be hotter; but I may be wrong.

In answer to your question specifically as it was which of the two would make a better investment if I read it correctly..my opinion is neither are "investment material" If you want a $1000 simply to have one, pick whichever appeals to you personally. You'll find a strong au, even Unc 54 L/B for 15-20% over face if you're patient and in the 88, anything  over 10% face for an Unc is too much.
walktothewater
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« Reply #10 on: May 12, 2006, 01:48:43 pm »

Kidkc_79 , Stevepot99, and Venga50 all provide excellent advice (put your money into something rare/unique and see big gains in the near future).  

Quote
I am looking to buy myself a $1000 note; either a clean 1954, or an AU-UNC 1988  (a 1935 would be great, but I don't have $5000!)  
 
My question is simple: which of the two would make a better investment?  

"a better investment?"

My dear friend this is a non-sequiter (a statement that does not follow).  If you have more than 2 G's to invest than the $1000 bill is the last note you should convert your hard earned cash to.  Remember that if you buy a replacement EKX  or Thiessen Crow 1954 note (probably the best bets) than you will be paying an auctioneers commission (up to  15%)  when selling and you will not see much growth in your investment since so very few collectors seek these notes.

The only good news is that you might get these notes at bargain prices since as RS Coins puts it:
Quote
Demand for any $1000 note is low, due to the face value of it. Few people can afford one, so they are not widely collected

But are they a bargain??????

Travsy
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« Reply #11 on: May 13, 2006, 06:55:38 am »

Quote
But are they a bargain??????

Few weeks back 20 consec EKX's , purportedly Unc's, were offered to some dealer in Calgary. Supposedly it took 1800 or so per to buy them.
Within 3 maybe 4 hours every dealer and grocery clerk in Western Canada knew about them yet everyone was seemingly afraid to pull the trigger. I was called on em by two different dealers, the 1st, who lives in Calgary, wasn't all that excited about owning all 20 and was calling around seeing how many he could pre-sell. As he and I have done quite a few deals in the past, I said I'd go in on all of em and suggested he nail the guy down, have 30k or so cash with him and if the notes were Unc's, try to buy em all quick for 1500 a pop. If they were solid Uncs, maybe a touch higher, Au's offer less.
Anyhow by the time everyone got done dicking around, the notes went off the market. I have a pretty good idea who bought them if the person did sell and I'll bet they paid no more than 1500 per. Sure it'll take a year to sell em but so what? Even at 2k per that's 10k on 30k but oh well...I wasn't there.
So to make a longer answer longer, no they aren't a bargain though those 20 might've been  >:(

P.S. I'm a helluva grocery clerk.

 

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