1954 $1 *N/Y

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Topic: 1954 $1 *N/Y (Read 13830 times)

canada-banknotes

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Posts: 782
CNA Member 21689 and CPMS Life Member 100

1954 $1 *N/Y

« on: November 05, 2004, 08:50:59 am »

I am having enormous difficulty finding a 1954 $1 *N/Y replacement note (BC-37bA) in Choice UNC.

I spoke to all the paper money dealers at Torex and none could help me. Many were looking for the note themselves.

Does anybody know why this note with a catalogue value of $150 is so elusive ? Is it underpriced in the catalogue, and if so, does anyone know trends for this note ?

I would like to hear from anyone who has one or more for sale.

Thanks

...Arthur

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Arthur Richards
Contributor, Charlton Catalogue of Canadian Government Paper Money, 19th, 20th, 21st, 22nd and 29th Edition
Pricing Panel Member, Charlton Catalogue of Canadian Government Paper Money, 21st Edition 2009

RS_dude

Full Member
Posts: 151

Re: 1954 $1 *N/Y

« Reply #1 on: November 05, 2004, 12:12:49 pm »

Arthur

That is a fairly tough note in UNC to find, I myself finally found one way out east last year after looking for about 6 months, & paid way over catalogue to get it. I talked to many dealers about it, & most of them wished me the best of luck, as they hadn't seen any UNC's for some time. I'II keep my eyes open in Edmonton this weekend.

Good luck
Darcy

« Last Edit: November 05, 2004, 12:16:09 pm by RS_dude »

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canada-banknotes

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Posts: 782
CNA Member 21689 and CPMS Life Member 100

Re: 1954 $1 *N/Y

« Reply #2 on: November 05, 2004, 12:23:11 pm »

Thanks Darcy....I really appreciate your feedback and assistance.

...Arthur

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Gary_T

Very Senior Member
Posts: 1,081
CPMS radar member 1551

Re: 1954 $1 *N/Y

« Reply #3 on: November 05, 2004, 01:33:16 pm »

This is one note that I believe is under valued it has the same amount printed as I/O and D/O all having (80,000) printed but is worth $150 in unc. while D/O is $200 and I/O is $375.

It seems to me that the N/Y is seen as rarely as the I/O and the D/O is seen more often.

It could be seen more often if the value was to go up,that may be what collectors are waiting for to part with them.

I think they should be valued about $250 - $300 in unc, this is one of those notes that can be purchased above book now and be a good deal when the next catalogue comes out.

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Gary_T