Author
Topic: Replacement error  (Read 8246 times)
Sammi
  • Junior Member
  • **
  • Posts: 24
  • Paper Money is art!
« on: December 29, 2010, 06:17:05 pm »

I have come into possession of this note.It is a replacement 1954 error Beattie Rasminsky. There is no right margin at all. It is uncirculated.. What would a fair value on this be? Thanks for your always helpful information.
Serial number is *I/X0019915

« Last Edit: December 29, 2010, 07:32:53 pm by BWJM »
mmars
  • Very Senior Member
  • *****
  • Posts: 1,352
  • money is gregarious
« Reply #1 on: December 29, 2010, 07:11:53 pm »

The absence of a margin alone does not constitute an error.  If the note has one short margin and three normal ones, it's probably just the way the note was cut, and is actually common for 1954 series asterisk notes.  My theory is that a lot of 1954 replacements were not aligned perfectly when inserted into a stack of regular sheets, so when they were cut, their margins were cut crookedly and/or off center.  These notes will trade below catalogue because, as the rule of thumb states, a note that looks trimmed is trimmed.  A well centered replacement note will trade for more.

Is there part of the design of another note showing along any of the other edges?

    No hay banda  
Sammi
  • Junior Member
  • **
  • Posts: 24
  • Paper Money is art!
« Reply #2 on: December 29, 2010, 07:27:00 pm »

There is no design from the previous bill though this bill measures up right.. I don't believe it has been trimmed
Elwoodbluesca
  • Wiki Contributor
  • Very Senior Member
  • *****
  • Posts: 514
  • Metro Coin & Banknote Company - Toronto Coin Expo
    • Metro Coin & Banknote Company
« Reply #3 on: December 29, 2010, 07:43:19 pm »

here are the prices for a * I/X note according to Charlton

VG    =    $45
F    =    $60
VF    =    $120
EF    =    $250
AU    =    $500
UNC    =    $800
CH UNC    =    $950
GEM UNC    =    $1,200

As for a value for an error note, the note would need to be seen.
« Last Edit: December 29, 2010, 07:48:52 pm by Elwoodbluesca »

www.metrocbc.com - Metro Coin & Banknote Company
www.torontocoinexpo.ca - Toronto Coin Expo
President - Canadian Paper Money Society #1605
Director - J. Douglas Ferguson Foundation
mmars
  • Very Senior Member
  • *****
  • Posts: 1,352
  • money is gregarious
« Reply #4 on: December 29, 2010, 08:35:07 pm »

 The fact that there's design missing along the short side would really impact the value.  I would deduct at least 25% from catalogue.  It doesn't have to actually be trimmed for the aesthetic appearance to suffer, and I know from experience that a 1954 series note with at least one short edge is not as desirable.  That's why I say, if it LOOKS trimmed, it's trimmed.  Buyers like nice centering.  I'm sorry if this is not the answer you were seeking.

    No hay banda  
Elwoodbluesca
  • Wiki Contributor
  • Very Senior Member
  • *****
  • Posts: 514
  • Metro Coin & Banknote Company - Toronto Coin Expo
    • Metro Coin & Banknote Company
« Reply #5 on: December 29, 2010, 09:51:06 pm »

Is the back of the note also off center like the front?

www.metrocbc.com - Metro Coin & Banknote Company
www.torontocoinexpo.ca - Toronto Coin Expo
President - Canadian Paper Money Society #1605
Director - J. Douglas Ferguson Foundation
Sammi
  • Junior Member
  • **
  • Posts: 24
  • Paper Money is art!
« Reply #6 on: December 29, 2010, 10:02:28 pm »

The back is much  better centered though there is still a  wide and a narrow margin
Elwoodbluesca
  • Wiki Contributor
  • Very Senior Member
  • *****
  • Posts: 514
  • Metro Coin & Banknote Company - Toronto Coin Expo
    • Metro Coin & Banknote Company
« Reply #7 on: December 29, 2010, 10:24:49 pm »

I would have to agree with mmars on value.

This note would be knows as a Cut Out of Register note. Since this is a very minor misalignment and not showing any part of another note which makes this worh a premium, making this particular note a tougher sell as it is off-centre.

This is still a nice note, and one of the tougher replacments prefixes in the 1954 $5 series.

www.metrocbc.com - Metro Coin & Banknote Company
www.torontocoinexpo.ca - Toronto Coin Expo
President - Canadian Paper Money Society #1605
Director - J. Douglas Ferguson Foundation
Sammi
  • Junior Member
  • **
  • Posts: 24
  • Paper Money is art!
« Reply #8 on: December 29, 2010, 11:09:40 pm »

thanks for all your input on this..there is always something to learn 
 

Login with username, password and session length