1954 modified 00000001

News: Welcome to the Canadian Paper Money Forum.

Just wondering if the value stipulated in the Charlton catalogue for a 00000001 serial number is something that should be used a template for value. I just feel these notes are so rare and to own one is pretty special. 1954 0000001 serial number BV says $2250 in ms condition. How is it that these notes are less or at par with other special serial numbers.

Have you ever seen one sell and what do you think the book value is right?

The last #1 note that I saw sell was on ebay about 3 weeks ago, was a 1973 $1 BCS EF 40 and sold for $2,500 book is $2,000 in UNC. Hope that helps....

For '54 notes I would estimate the following Unc values:

$1: 4000
$2: 5000
$5: 6000
$10: 6000
$20: 8000
$50, $100: Good luck finding any.  Would fetch 30k+ certainly.

I'm happy to buy them at those prices if you have any to sell.

I agree that Charlton seems always to be playing catch up with several special serial number & regular older series BV's. Any radar I've seen for pre-1979 Series typically hammer-out well above the published BV "ballpark" suggested by Charlton.  IMO: a lot of US dealers have been listing 1935 & 1937 Series BIN according to Charlton but in USD making them about %30 more than Charlton suggests.

Thank you gentlemen,

Your information is very helpful. I purchased a $5  1935 french note not long ago MS63 EPQ. I am thinking I should be saving for notes like the one I am inquiring here with serial number 1.

Stay safe

Bernie

https://www.icollector.com/BANK-OF-CANADA-1954-2-00-BC-38b-N5-Low-Serial-Numbered-Note-AU-58_i39480813

1954 $2 Sold for 6500 + juice.  I guess my estimates were on the low side.  It seems like buyers are going wild for special serial numbers on '54 notes.

I was watching, were you Francios? In my opinion the price was busted with a great turn out. I might think of using this auction house in the future.

Don't know who Francois is.  I was bidding under my own name (not very successfully).

I might think of using this auction house in the future.

I used them but they're a bit dodgy in my books & I no longer do.  I won a $5 DF that was listed as UNC.  BCS graded it as AU50 (fortunately "Original" but not UNC) which turned that into an expensive mistake.  I also rarely won anything that didn't experience a last minute bidding frenzy no matter how lame the item (which makes me suspect shill bidding).  Another collector friend observed many items be mysteriously re-listed (& has thought the same after using them for years). He tried to pick up won items from the auction house with a lot of grief (finding his lot, paying extra fees, etc).  They also mislabelled a banknote (which fortunately they did not press me to buy) & tried to tax me on a gold coin.  Lots of hassles. In fact, if you do go ahead & use them I highly recommend you pay close attention to their invoices.   Don't bid on anything raw (or assume the item is at least a grade lower).  I will never use them again (no matter how attractive their lots be).

They are more of a pawn shop than a coin/currency dealer.

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They are more of a pawn shop than a coin/currency dealer.

-I completely agree

1954 $2 Sold for 6500 + juice.  I guess my estimates were on the low side.  It seems like buyers are going wild for special serial numbers on '54 notes.

I haven't bought a CDN banknote in about 2 years. My suspicion is that US collectors feel priced out of their own market & have turned their eye northward. It's really tough to buy anything half-ways collectible these days. US dealers/collectors heated up the Aussie pre-decimal note market so it was out of reach for most Australian collectors (& they did this as soon as the RBA switched to polymer).  That was back in the 1990's and went on for some time.  Its finally cooled down somewhat (but forget trying to buy a replacement).

I feel the CDN banknote market (esp 1954 & prior) is experiencing the same kind of outside pressure today. 

On the same topic I would be very interested to know what a Devils Dace $1 serial number 1 in AU UNC might be worth?

The most recent data point that I have for a comparable note is 6500, but it's anyone's guess what an auction would bring in this market.