BC-56cT 1986 $5 Bonin-Thiessen Test Note

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I have a 1986 $5 Bonin-Thiessen note - serial number GOG 0168401 (copy of the front attached).  It appears to fall under Cat. No. BC-56cT in the Charleton 25th edition which lists the market value as "not yet established".

Has a value now been established for these notes? 

My note has not been in circulation but there is a vertical crease running from Laurier's forehead to beside his right eye.  It appears to be a problem that occurred during manufacture of the paper.

If you could help me out with grading this note and a suggested market value, it would be much appreciated.

 

The image did not upload with the original post.  Let's try again.

Hi DaveK

AFAIK, no surviving copies of these notes have even been confirmed, much less  made it to market. That means that if you put it on the market, it will be your note that determines the market value.

Lucky you! I can't wait to see a pic.

Hi, Seth.

Attached is the image of the front of the note.  I will post a second message with an image of the back.

Hi, Seth.

Attached is the image of the front of the note.  I will post a second message with an image of the back.

Hi DaveK. After you upload the picture you gotta copy and paste the generated code back into the message window inorder for it to show up.

Hi, Seth.

Sorry, I am struggling with the upload feature.  Attached is an image of the front.  I will post a second message with an image of the back.

{http://img138.imageshack.us/img138/143/19865dollarfrontlowres.jpg:http://img138.imageshack.us/img138/143/19865dollarfrontlowres.th.jpg}

{http://img834.imageshack.us/img834/6250/19865dollarbacklowres.jpg:http://img834.imageshack.us/img834/6250/19865dollarbacklowres.th.jpg}

Nice note.... is that dark spot on the left (back picture) a stain? If there's a story behind how you got a hold of the note I'm sure a lot of us would be grateful to hear it!

Hi, Wizard 1.

No, the spot is not on the note.  It must have been dust on the scanning bed.  Here is a different image.


{http://img715.imageshack.us/img715/4574/19865dollarback.jpg:http://img715.imageshack.us/img715/4574/19865dollarback.th.jpg}

I am new to collecting.  Could you confirm that this is a BC-56cT test note?

{http://img13.imageshack.us/img13/9408/19865dollarbackrevised.jpg:http://img13.imageshack.us/img13/9408/19865dollarbackrevised.th.jpg}

Hi, Wizard 1.

Hope you can see this image.

Thanks for the help.

Yes it falls within the Test note range GOG0100000 to GOG0190000

Is there a story on how you acquired it?

Hi, Wizard 1.

My mother probably got it from the Royal Bank branch in Saint John, N.B. where she had her account.  If the teller gave her new bank notes when she cashed her cheques, she put some of them aside as an informal collection.  When she died four years ago, I found approximately 400 notes ($1, $2, $5 and $10), with dates from 1954 to 1989, all uncirculated.  I am doing an inventory now, using Chalton, 25 ed.

Any thoughts on the grade of this note?  As I mentioned in my first post, there is a vertical crease running from Laurier's forehead to beside his right eye.  You can probably see it in the image.  It appears to be a defect in the manufacture of the paper.

Thanks.

Hi DaveK,

 That's a great note you have there, you might even have a one of a kind. 

 In my opinion I would grade that note at a minimum of AU. If I was to see the note and see how bad that crease is, it could be increased to UNC. The note is in great shape otherwise. Keep in mind with my grading that I am just starting out but I am being taught how to grade from a very respectable bill collector.

 Are you looking to sell that note and start the market value in the charlton catalog? I wouldn't be able to get it for my collection though cause I would think it would go somewhat above my limits.       LOL

 Wayne.

Thanks, Wayne.

I would like to sell it but I want to investigate the best way to bring it to market.  Perhaps taking it to a dealer for a formal grading would be a first step.