Author
Topic: Binary notes  (Read 5548 times)
walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,314
  • Join the Journey
    • Notaphylic Culture
« Reply #60 on: September 29, 2022, 09:26:29 am »

I also thought the price was low considering how scare the $500 note is. I wonder if it would've brought more at a Canadian auction house. Agreed it was rather complicated to figure out the sold price but after creating an account and playing around I figured it out. Will be interesting to see what prices are like at the Geoffrey Bell auction this weekend.
-yes, a bit low, if you asked me (why I wrote "fair" meaning a good deal for the collector).  You may be right: CDN collectors might be turned off with the S&B auction, the customs clearance (extortion at the border) & calculating the exchange rate.

However, should a trophy note like that appear here, you've got 13-15% tax. In fact, I was looking at the taxes, 20% B.P. + CC/payment fees for Sept 30th (tomorrow's) auction & it seems pretty prohibitive (at least in my books).

It made me wonder who shows up to pick up & to pay in cash?

AL-Bob
  • Senior Member
  • ****
  • Posts: 353
« Reply #61 on: October 02, 2022, 01:05:53 am »

The price was low for sure but whoever is buying this at this price level is certainly not paying 15% tax and is most certainly not paying by credit card.  I don't think there is any reason to think that the price would have been higher in a Canadian auction.  I think the opposite.  This note screams with international appeal.

At this level, the grade is the only important factor.  The serial number is intriguing but won't affect the price in the least.  What caused the price to be low is that no less than five of these have traded in the past 3-4 years, with several still "available" at this very moment to anyone willing to pay the price, most of those being in higher grades.

We are also in the middle of a major economic crisis which will affect the price of all commodities.  Prices, especially of high-end material will take a beating, at least in the short term until the current uncertainties get sorted out.


AL-Bob(at)cdnpapermoney com
walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,314
  • Join the Journey
    • Notaphylic Culture
« Reply #62 on: October 02, 2022, 04:44:09 pm »

Quote
At this level, the grade is the only important factor.  The serial number is intriguing but won't affect the price in the least.  What caused the price to be low is that no less than five of these have traded in the past 3-4 years, with several still "available" at this very moment to anyone willing to pay the price, most of those being in higher grades.

We are also in the middle of a major economic crisis which will affect the price of all commodities.  Prices, especially of high-end material will take a beating, at least in the short term until the current uncertainties get sorted out.

-interesting: I have not been keeping track of the number of $500 that have been offered (nor available).  Yes, it appears that high-end collector material will be attained at much lower prices until global affairs, climate change, etc, get better sorted out.  At this point, I would expect less high end stuff to be offered on the block.

Canadian Bill
  • Junior Member
  • **
  • Posts: 27
  • Go Jays Go!
« Reply #63 on: October 02, 2022, 05:01:39 pm »

As I am still trying to understand if the digit "1" is or isn't allowed in rotators ... I noticed that the $500 dollar note S/N A00100 is described by the auctioneer as being a rotator, yet the PMG Certification doesn't call it one.  Wouldn't the PMG service designate it as a rotator if they thought it was one?  Or is this not something they would indicate?  Also doesn't say it's a radar?  I thought I have seen these determinations on PMG Certifications before -- or am I totally mistaken??  This is a repost of the link to the subject note for anyone who has not seen it:

https://auctions.stacksbowers.com/lots/view/3-Y6WBE/canada-bank-of-canada-500-dollars-1935-bc-17-pmg-very-fine-20-binary-radar-rotator-sn
« Last Edit: October 02, 2022, 05:07:20 pm by Canadian Bill »


Saving paper notes from the shredder ... one 'bill' at a time!! :)
AL-Bob
  • Senior Member
  • ****
  • Posts: 353
« Reply #64 on: October 03, 2022, 09:32:03 am »

PMG recognizes "rotators" with the "1" digit.  Charlton does not.  At the very least, we can all agree that it's a radar note, I think.

Could it be that PMG doesn't designate serial numbers with only 5 digits??  Or it may be a situation where they will do it when asked but not automatically.

At some point it gets a little ridiculous.  What if there were only 4 digits or 3 digits?  Is "171" a radar or "2345" a ladder?  Technically, yes.  But who cares at that point?


AL-Bob(at)cdnpapermoney com
AlbertaGuy
  • Full Member
  • ***
  • Posts: 114
« Reply #65 on: October 04, 2022, 09:25:43 pm »

Got the 2023 catalog today. It’s disappointing they haven’t changed the binary page at all over  the last ten years. The popularity is there.

Archey80
  • Very Senior Member
  • *****
  • Posts: 502
« Reply #66 on: October 06, 2022, 06:54:05 pm »

I'm not surprised to hear that based on what others have written about the 2023 book. I'm certainly glad I didn't order one as it sounds like there isn't any point. Here's to hoping for 2024 :'( ::)

CPMS Member 1564
Canadian Bill
  • Junior Member
  • **
  • Posts: 27
  • Go Jays Go!
« Reply #67 on: October 07, 2022, 06:33:26 pm »

The lack of updates to the Charlton Guide over years and years seems to me to cause it to NOT be the leading authority of this hobby.  Yet they keep taking our money for the new ones.  The people I feel most sorry for are the newbies that buy this guide thinking it is the Bible, yet the simplest updates are not done year after year!!! As a reference catalogue I have tossed so many notes due to the info provided, only to find out the info was wrong, and had been wrong for years. i.e. FTN's.  The publishers of this guide MUST know that hobbyists rely on the Charlton Guide for accurate information provided within it's pages, and all I can say is ... it's disgusting that they are ignoring this fact, and clearly do not feel any "responsibility" to produce a good and accurate product. Want my increased price paid for a lower quality book -- money back!!!
« Last Edit: October 07, 2022, 06:42:54 pm by Canadian Bill »


Saving paper notes from the shredder ... one 'bill' at a time!! :)
walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,314
  • Join the Journey
    • Notaphylic Culture
« Reply #68 on: October 07, 2022, 07:39:25 pm »

Quote
The publishers of this guide MUST know that hobbyists rely on the Charlton Guide for accurate information provided within it's pages, and all I can say is ... it's disgusting that they are ignoring this fact, and clearly do not feel any "responsibility" to produce a good and accurate product. Want my increased price paid for a lower quality book -- money back!!!

-I think you're overreacting a tad. The guide (& remember it is a "guide" aimed to help collectors form an opinion on "what its approximately worth") will never be that accurate (or precise) for the most recent series.  It's just "the nature of the beast." Collectors look at the "TRENDS" for that kind of up-to-date info.  (Or pay a subscription fee for "Track & Price")

They catalogues are published & released far too early IMO. You guys know me- I've been complaining about the gross oversight of the M-C FTH $10 for years but overall, the Charlton guide is my "bible" which is pretty darn helpful the farther you go back. They're still slow at picking up on the popularity of special numbers but that's to be expected.  MOST guides normally follow trends "well after" the trend has been established.

[For example the opposite mentality would be- should catalogues bump up QEII note estimates simply b/c HM passed away & newbies (or those who lapsed into inactivity) have suddenly become keen on her notes?]. I should think not. It is better that catalogues err on the side of caution/conservative grading/predictions (rather than loose grading & speculative hyperbole over X note).   

When it comes to the most recent released series (& prefixes) of almost any nation, you can pretty much bet that the catalogue info will be fairly DATED. One shouldn't be expecting up-to-date "Trends" analysis (to be sure).

You are much better off consulting online resources for recent series (& even special numbers).  I try to give a weekly analysis on my NC site:
https://sites.google.com/view/notaphilycculture/collecting-banknotes but you may wish to go for a "track & price" algorithm for more accurate predictions.

BWJM
  • Very Senior Member
  • *****
  • Posts: 4,996
« Reply #69 on: October 07, 2022, 08:03:35 pm »

Comments and constructive criticism regarding the Charlton catalogue are best directed at the publisher and the editor.

While I appreciate, understand and sympathize with your frustrations, ranting about them here is unlikely to effect any positive change on the matter.

BWJM
Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
AlbertaGuy
  • Full Member
  • ***
  • Posts: 114
« Reply #70 on: October 23, 2022, 03:35:12 pm »

New find

AlbertaGuy
  • Full Member
  • ***
  • Posts: 114
« Reply #71 on: November 04, 2022, 07:04:34 pm »

1973 low serial

Archey80
  • Very Senior Member
  • *****
  • Posts: 502
« Reply #72 on: November 05, 2022, 07:26:32 am »

Great finds! Haven’t seen any lately & I'm still waiting to find my first in circulation  ::)

CPMS Member 1564
 

Login with username, password and session length