Like most of you I always enjoy this time of year and with every passing year my research seems to grow a little more. This year it has grown to the first of several Indexes to come that I have developed. The first Index will be the Total Replacement Note Index, which I will refer to as the TRN Index. Within this Index you can find all replacement ranges with the data encompassing all 26 editions’ Unc values, which have also all been adjusted for inflation.
Let’s get started and take a look at the results.
Enjoy and Keep Searching!
MG
Total Replacement Note Index (TRN) 26th Edition
Total Market Cap $374,798
Average Note Cost $470
Total Ranges 799 100%
Total Decliners 38 4.8%
Total Advancers 100 12.5%
Total Unchanged 661 82.7%
Not a bad start so let’s move on and look at the top 25 performers for the 26th Edition
Top 25 performers 26th Edition
Sign / Prefix Range YoY
Je-Ca; AAD (2.829M - 2.830M) 74%
Je-Do; AOH (9.840M - 9.960M) 49%
Je-Ca; AAD (2.560M - 2.561M) 41%
Je-Do; HOU (5.900M - 6.000M) 39%
Je-Ca; BTW (1.672M - 1.673M) 32%
Je-Ca; BTW (1.755M - 1.756M) 32%
Je-Ca; APN (0.553M - 0.554M) 28%
Je-Ca; BTZ (9.829M - 9.830M) 24%
Be-Ra; *A/B N/A 24%
Je-Ca; AAC (7.100M - 7.101M) 21%
Je-Do; APF (2.360M - 2.400M) 19%
Je-Do; BEK (9.315M - 9.405M) 19%
Je-Ca; BFH (6.160M - 6.165M) 19%
Je-Ca; FMN (3.280M - 3.281M) 19%
Prefix *F/P N/A 17%
Kn-Th; FDZ (9.000M - 9.600M) 16%
Je-Do; BEY (2.620M - 2.621M) 16%
Je-Do; BEY (2.946M - 2.947M) 16%
Je-Do; AHH (6.429M - 6.430M) 16%
Je-Do; AOS (4.845M - 4.850M) 15%
Je-Do; HNN (5.845M - 5.846M) 13%
Kn-Do; BEI (0.000M - 0.045M) 13%
Je-Ca; APN (0.389M - 0.391M) 13%
Now, the bottom 25 performers for the 26th Edition. One noticeable new entry is the Je-Do; BEK (9.495M - 9.675M) After the discovery of an entire bundle of 100 of these guys one only needs to look at the *N/Y’s disastrous turn of events to know that this one will be here for a while.
Bottom 25 performers 26th Edition
Sign / Prefix Range YoY
Je-Do; AOS (5.800M - 5.880M) -31%
Je-Do; AOH (1.083M - 1.086M) -26%
Je-Do; ARK (8.737M - 8.739M) -26%
Je-Do; AOH (1.320M - 1.360M) -21%
Je-Do; EJR (1.753M - 1.754M) -15%
Je-Do; AOV (5.816M - 5.817M) -12%
Je-Do; AOT (3.030M - 3.034M) -12%
Be-Ra; *L/S N/A -12%
Je-Do; AOS (4.893M - 4.895M) -11%
Be-Ra; *H/Y N/A -11%
Kn-Th; ANH (3.560M-3.960M) -11%
Kn-Do; HNA (9.800M-9.999M) -11%
Bo-Th; ATX N/A -11%
Be-Ra; *A/Y N/A -11%
Bo-Ra; *A/G (below 0.400M) -11%
Be-Ra; *N/Y N/A -9%
Je-Do; BEK (9.495M - 9.675M) -9%
Bo-Th; GPH (9.820M - 9.840M) -9%
Je-Ca; APN (0.660M - 0.661M) -8%
Je-Ca; APN (1.015M - 1.017M) -8%
Be-Ra; *N/S N/A -8%
Be-Ra; *V/E N/A -8%
Bo-Th; GOT (7.720M-7.740M) -8%
Bo-Th; GOV (7.180M-7.200M) -8%
Je-Do; AOH (9.280M - 9.281M) -7%
All Time Worst Performers 26th Edition
The next category that we will be looking at is the all time worst performers. This list has a few very sad stories. Some at one time were sitting pretty looking down from the top of the TRN Index. Some have fallen for no reason other then 1 of many major risks associated with buying such notes and that is the discovery of a hoard. *N/Y is a perfect example of this (and Je-Do;BEK (9.495M - 9.675M). Can you believe the *N/Y had a $1,345 value in the 19th edition? And in the 26th Edition we see it at $525. Another fallen angel has been the La-Bo;AJX. The 17th Edition had this one valued at $4,100, today? $1,500, owch! The Bo-Th;GOV (7.180M-7.200M) is a perfect example of a bubble. These will always occur and are for the better part rare occurrence but none the less serve as a great reminder that emotions can do amazing things to values. This one had its debut in the 15th edition at $62. Can you imagine that this range would be worth 1500% more when the 19th Edition was release, which valued this range at $898? But in time mispricings do adjust and although this one peaked in the 19th edition by the 23rd Edition it had suffered its first loss and that was nothing compared to the beating it took in the following Edition when it lost 50% of its value. Now? It’s $325. As you will see from the list 4 will be from the $5 Bird ranges. These 4 ranges alone according to the 19th edition would have set you back $2,646 or 6 years later with no waiting line one could now get them for $915, that’s almost a 3 for 1 sale.
If you’ve got the stomach, below is a list of pain. Just don’t let anyone see you crying.
All Time Worst Performers 26th Edition
Sign / Prefix Range Cu./Hi
Bo-Th; BRX Mint Issue -89%
Th-Cr; EBX N/A -79%
Th-Cr; BRX N/A -76%
La-Bo; *FG N/A -71%
Cr-Bo; ENX Blue B.P.N. -71%
Th-Cr; FNX (L. F, below 7.08M) -67%
Bo-Th; EBX N/A -66%
Je-Do; AOH (1.083M - 1.086M) -65%
Th-Cr; ARX (Above 1.4M) -64%
Bo-Th; GOV (7.180M-7.200M) -64%
La-Bo; AJX N/A -63%
Be-Ra; *B/M N/A -63%
Bo-Th; GOT (7.720M-7.740M) -61%
Je-Do; HOU (6.860M - 7.000M) -61%
Be-Ra; *N/Y -61%
Lo-Bo; "510" CBN -60%
Th-Cr; BBX Large B -58%
La-Bo; *HB N/A -57%
La-Bo; *FV N/A -55%
La-Bo; *NP N/A -55%
La-Bo; *JA N/A -55%
La-Bo; *OG N/A -55%
La-Bo; *UG N/A -54%
2014 26th Edition Charlton Canadian Government Paper Money Replacement Results 1 of 3
http://www.cdnpapermoney.com/forum/index.php?topic=13752.msg60326#msg603262014 26th Edition Charlton Canadian Government Paper Money Replacement Results 2 of 3
http://www.cdnpapermoney.com/forum/index.php?topic=13753.02014 26th Edition Charlton Canadian Government Paper Money Replacement Results 3 of 3
http://www.cdnpapermoney.com/forum/index.php?topic=13754.0
