1954 $1 *N/Y

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Topic: 1954 $1 *N/Y (Read 2040 times)

canada-banknotes

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Posts: 737
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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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Contributor, Charlton Catalogue of Canadian Government Paper Money, 19th, 20th, 21st, 22nd and 29th Edition
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RS_dude

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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: 737
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

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Posts: 1,082
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