Paris show pick ups Feb 6th 2011

News: Registration is free here at the CPMF!

I attended the SWON show in Paris Ontario today.  WOW!  2 rooms of dealers, LOTS of coins but comparatively less paper money than I expected.

I did manage to pick up some nice notes:

a 1937 Osbourne $50 in VF30  A/H 0008766
3 Gem UNC 1937 $2  E/B 1477157 Gordon Towers, C/R 9841061-2 Coyne Towers
1954 Devil $5 in Gem UNC G/C 3315836

Dean

How did you find the prices on the paper?

The prices were higher than I thought they would be...especially for chartered, Dominion and higher grade stuff.  But, that being said, if you buy multiple items, you can usually get a deal.   

Chartered notes are very strong now. Dominion notes usually hold their values and higher grade material is always the best... Canadian paper money continues to be undervalued. ...

Canadian paper money continues to be undervalued. ...

I was always very curious to know how someone determines that BoC notes are undervalued. For the most part it always seems that it’s simply an opinion based on perception. So I decide to do an analysis which took in many variables as well as all the past Charlton books starting from 1980 to current and the results were very interesting. As for replacement notes I averaged out every single range and adjusted each year to factor in inflation. Although the results for each range and series varied overall replacement notes are currently booking at 40% higher than their historical averages. When you look at each series independently the ratios swing from 14% to over 50% leading me to believe that overall notes still have plenty of room to continue their downwards slide  before they reach a “fair” price or bottom. 

But anyways, what do I know.

MG