Topic: $10 BEL,BER Notes  (Read 5316 times)
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« on: April 04, 2012, 01:01:18 pm »

is anyone know how come BV of BEL and BER Notes are expensive ???

is any special about those 2 ??  The quantity of those two are not so small ...
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« Reply #1 on: April 04, 2012, 01:05:24 pm »

Many were produced however most were recalled when they announced the upgraded security notes. So there aren't too many out there.... visit our Wiki Site for a registry of some known examples.

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« Reply #2 on: April 04, 2012, 04:58:36 pm »

Many were produced however most were recalled when they announced the upgraded security notes.

As you may recall - the upgrade occurred in 2004 (with the arrival of BEU- BEW upgraded security thread notes).  It is believed that most of the 2004 BES & 2004 BER notes made it into circulation simply because they were most accessible when stored & then released into circulation.  It is believed that the 2003 BER/BEL might have been stored deepest in the BOC or distributer/bank vaults and were accessed last (or when they were accessed/left over- they were recalled in large batches and thus destroyed).  Only small numbers of this prefix were discovered in small ranges.

A similar theory applies to the 2003 BEK (change-over).  Most BEK notes were found as inserts in other prefixes so that just the regular issue of BEK (BC-63c) commands more than the insert (BC-63cA).  Most of the BEK's were caught as inserts first and then a few non-inserts were discovered later (notes which fell outside the determined SN range). It is likely only a few "trickled out" into circulation.

A significant and wide range of BEP notes were reported - so it was likely that a good portion of that prefix was released (yet far fewer then the full 10,000,000 run).  Unlike the BEL, 2003 BER, which caught us collectors off-guard, by this time most of us were becoming aware of the discrepancies (the likelihood of the recall) so many of us were keeping our BEP's (& desperately searching for the other three- 2003 BEK, BEL & BER).  Hence, BV is not just about how many found their way to circulation but also about how many were found/kept by collectors (& in what shape).

If you check the SNDB you will observe that the notes entered rarely follow a logical pre-determined pattern. This may be due to who finds the notes, who enters them (into the SNDB) and also on the way the notes are typically released in a somewhat random order across various regions of Canada.     


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