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Topic: 1954 specimen notes  (Read 27569 times)
forrory
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« on: February 05, 2014, 06:52:51 pm »

Hey guys I'm new to these forums and just wanted to say hi.
i also have a question, not to sure if anyone can help. I've came across a few specimen notes from 1954, $1, $2, $5, $10, $20, $50, $100, $1000 all in perfect condition as they were packaged in 1954 and all marked with the cereal code 0000 00000 00000.

just wondering if these are of any value?

i  also have all the coins as well from that year.
Fenian
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« Reply #1 on: February 05, 2014, 07:33:10 pm »

Catalog value for a complete set of $1-$1000 is $9000. Not a bad find at all!


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forrory
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« Reply #2 on: February 05, 2014, 08:14:46 pm »

Really? wow thanks!
Any tips on where to sell these notes? I'm not much of a collector and would be a bit of a waist to sell to a pawn store. :(
Fenian
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« Reply #3 on: February 05, 2014, 08:23:33 pm »

Best bet would be at a major auction- The biggest one of the year is the RNCA annual convention in August. Auction is being handled by these folks:

http://tcnccoins.com/

The other big auction companies in Canada are:

Charles Moore- http://www.moorecoins.com/contact.aspx

Geoffrey Bell- http://www.gbellauctions.com/

If you are looking for a straight private sale, you can try Don Olmstead (at http://www.olmsteadcurrency.com/)and see what he will offer, or do 15 (meaningful) posts here and put them in the Buy/Sell/Trade section.

Good luck!

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Gary_T
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« Reply #4 on: February 05, 2014, 09:11:10 pm »

What would some of the letters be in the serial number line if any at all? Pictures would be nice for condition sake.

Gary_T
forrory
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« Reply #5 on: February 05, 2014, 09:29:14 pm »

Yes ill defiantly take a few photos when i get back in town this weekend. Would the letters effect the value?
mmars
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« Reply #6 on: February 05, 2014, 09:48:39 pm »

Hey guys I'm new to these forums and just wanted to say hi.
i also have a question, not to sure if anyone can help. I've came across a few specimen notes from 1954, $1, $2, $5, $10, $20, $50, $100, $1000 all in perfect condition as they were packaged in 1954 and all marked with the cereal code 0000 00000 00000.

just wondering if these are of any value?

i  also have all the coins as well from that year.

I am curious to know what is meant by "as they were packaged".  As far as I know, the specimen notes released by the Bank of Canada did not come with any packaging.  Are these notes (+coins) in some sort of display piece?

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forrory
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« Reply #7 on: February 05, 2014, 09:59:01 pm »

They are all together as a set, and the set is in a small green binder that says Bank of canada 1954 on the front. Each note is in a plastic seal but the notes are removable. 
forrory
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« Reply #8 on: February 05, 2014, 10:03:31 pm »

i will post some photos when i get a chance, thought it was interesting and might be of some value to a collector. they are in perfect condition.
venga50
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« Reply #9 on: February 06, 2014, 04:58:49 pm »

Your mention of there being a $1,000 note included suggests that this is a devil's face specimen set, which would make it worth more in the $20,000 range.  Of course only photos or scans will help us to be sure.

Fenian
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« Reply #10 on: February 06, 2014, 05:40:23 pm »

Whoops, missed that. He is right. If it is a Devil's Face set then there were only 7 of the $1000 notes sold.  8)

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tmort
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« Reply #11 on: February 07, 2014, 12:08:08 am »

Nice find. Looking forward to seeing the pictures. :)



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forrory
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« Reply #12 on: February 10, 2014, 09:08:43 am »

Hey guys, here are a the note we have. Sorry for the glair in the photos, ill try to retake.
We also have the coins in original packaging from 1954.
forrory
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« Reply #13 on: February 10, 2014, 09:13:16 am »

{http://img856.imageshack.us/img856/1594/hdpm.jpg:http://img856.imageshack.us/img856/1594/hdpm.th.jpg}

{http://img543.imageshack.us/img543/1851/6qkm.jpg:http://img543.imageshack.us/img543/1851/6qkm.th.jpg}

{http://img690.imageshack.us/img690/9283/58kh.jpg:http://img690.imageshack.us/img690/9283/58kh.th.jpg}

{http://img829.imageshack.us/img829/6860/j1zl.jpg:http://img829.imageshack.us/img829/6860/j1zl.th.jpg}

{http://img600.imageshack.us/img600/4422/prpp.jpg:http://img600.imageshack.us/img600/4422/prpp.th.jpg}

{http://img577.imageshack.us/img577/7724/j2c1.jpg:http://img577.imageshack.us/img577/7724/j2c1.th.jpg}
Seth
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« Reply #14 on: February 10, 2014, 11:04:58 am »

Wow, it is a Devil's Face set, including the $1000. That's the find of a lifetime.

How did you come across this set?

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yojojake28
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« Reply #15 on: February 10, 2014, 04:00:21 pm »

Just out of curiosity, where did you find that??
forrory
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« Reply #16 on: February 10, 2014, 04:12:23 pm »

Actually it's a bit of a funny story, my grandfather passed away a few years ago and we are now renovating his house to rent. Long story short he had a few boxes with some letters from a woman he was having an affaire with and in the midst of all that paperwork we found that folder and coins. We've had those boxes for a few years now and never bothered to look threw it.  :-D
venga50
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« Reply #17 on: February 10, 2014, 05:19:00 pm »

Actually it's a bit of a funny story, my grandfather passed away a few years ago and we are now renovating his house to rent. Long story short he had a few boxes with some letters from a woman he was having an affaire with and in the midst of all that paperwork we found that folder and coins. We've had those boxes for a few years now and never bothered to look threw it.  :-D

Well if that specimen set was a "token of affection" from the woman he had an affair with, he must have been damn near spectacular!!  :D

forrory
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« Reply #18 on: February 10, 2014, 05:22:53 pm »

Hahaha I wish I could ask. We have no mention on what he wanted to do with them or if he even knew they were of any value. Any idea if the coins are of any value or if we should repackage them in a frame?
Dean
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« Reply #19 on: February 10, 2014, 06:53:23 pm »

Oh. My. God.   ???

What an amazing set!  Whatever you do, do not break the bills out of their original packaging.  I've never seen them in the original booklet.  Also leave the coins as-is.  They have survived this long unscathed.  Any cleaning and/or remounting you do may reduce the value of your collection.

I hope you plan to make this specimen set an heirloom because they do not come around often.  Get insurance coverage on it as it could be worth several thousand dollars.

Hope this helps,
Dean

forrory
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« Reply #20 on: February 10, 2014, 07:00:08 pm »

But realistically how much is this set worth? I know they are worth something but how much would someone really pay?
forrory
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« Reply #21 on: February 10, 2014, 08:56:33 pm »

My reason for asking is my wife took the set to a pawn store and they offered 15k for everything and by the reaction of these forums I have a feeling they should be worth a bit more. He mentioned that in the booklet the notes have tape holding them in place. Is that a big issue of is he just low balling her?
Gary_T
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« Reply #22 on: February 10, 2014, 09:00:18 pm »

I'm assuming all notes are in this set? $1, $2, $5, $10, $20, $50 as well?

Gary_T
forrory
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« Reply #23 on: February 10, 2014, 09:03:42 pm »

Yes full set. I probably should of posted on what it's forth forum :-p

Btw why are they called devils face?
coinboy
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« Reply #24 on: February 10, 2014, 09:25:12 pm »

I believe the notes from your set are expected to have glue residue as this is how they were mounted in the binder.
The catalogue price for this set is $24,000.
The coin set is nothing to sneeze are either, there are two varieties for 1954 the regular one $750. and the no shoulder fold 1 cent one $1650.
Judging by your good fortune you have the NSF variety.
$15,000 not a bad offer from a pawn shop, but I'm sure you could do better, just takes a little time

venga50
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« Reply #25 on: February 10, 2014, 09:33:07 pm »

Btw why are they called devils face?

There were two releases of the 1954 series.  The original issue had what people perceived to be a "devil's face" behind the Queen's left ear, so a new version with a modified version was issued in 1956.  By and large the Devil's Face notes are worth more than modified notes.

See this link for a picture that shows Devil's Face next to the modified: http://www.moneymuseum.ca/images/DevilsFace.jpg

forrory
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« Reply #26 on: February 10, 2014, 09:34:21 pm »

What are the no shoulder fold 1 cent coins?
Frank_Lut
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« Reply #27 on: February 11, 2014, 06:02:52 pm »

Actually it's a bit of a funny story, my grandfather passed away a few years ago and we are now renovating his house to rent. Long story short he had a few boxes with some letters from a woman he was having an affaire with and in the midst of all that paperwork we found that folder and coins. We've had those boxes for a few years now and never bothered to look threw it.  :-D

Nice lol
forrory
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« Reply #28 on: February 11, 2014, 07:19:32 pm »

Just checked the coins, they are from 1957 so I'm guessing they arnt worth too much.  :(

Btw I just want to thank you guys for all your input and help with this find!
Fenian
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« Reply #29 on: February 11, 2014, 07:26:10 pm »

A 1957 set is still worth about $200, not too shabby.

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mmars
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« Reply #30 on: February 11, 2014, 11:12:05 pm »

$15,000 cash offered by a pawn broker is surprisingly generous.  That's not a low-ball offer, and because it's cash, there is no commission on it and the decision to declare that as income is yours.  ;)

Sets like this were offered publicly for the first time in 1999 in the first Bank of Canada archive sale.  It might be worth investigating to see if this set was part of that sale or if it was not.  If it is NOT from that sale, that raises the pedigree of the set and you might be able to get significantly more for it if offered in a major auction.  The 1999 Bank of Canada sale was conducted by Charles Moore's auction company.  Auction catalogues can still be found secondhand or even purchases from Mr Moore directly.

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coinsplus
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« Reply #31 on: August 17, 2014, 01:44:03 pm »

Hi fellow members,

This set was featured in the latest RCNA TCNC auction this past weekend.  Does anyone know how much it went for plus taxes and buyer's premium?

It was for auction item 855

« Last Edit: August 17, 2014, 01:48:20 pm by coinsplus »

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venga50
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« Reply #32 on: August 17, 2014, 03:54:28 pm »

Hi fellow members,

This set was featured in the latest RCNA TCNC auction this past weekend.  Does anyone know how much it went for plus taxes and buyer's premium?

It was for auction item 855

It didn't sell, there were no bids: http://auctions.tcnccoins.com/1954-1-to-1000-Rare-Devil-s-Face-Specimen-Set-Complete-This-is-an-official-issue-from-the-Bank_i20086759

coinsplus
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« Reply #33 on: August 17, 2014, 05:53:40 pm »

Thanks Venga50!

  Smile from your heart.  ;D
forrory
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« Reply #34 on: October 28, 2018, 09:39:27 pm »

Hey everyone,

its been a few years since I've sold the bank notes and have always sort of regretted it. i was wondering if anyone knows if those original bank notes are for sale anywhere id love to make an offer and possibly purchase them back.

Anyways, bit of a long shot but who knows.

Thanks,
 

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