BSW

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Thanks for sharing, I had not seen this auction but am tracking now. Should go for 400-500 I’d guess. It’s the nicest grade I’ve seen.

I was hoping that Rupiah would comment on this link since he has postulated that the BSW prefix may be a trial run for media exposure before earlier prefixes were printed or some unusual printing technique was used. An update would be appreciated.

I haven't seen a post by Rupiah in a long time (years probably).  Hope he's just taking a break.

You can speculate all you want about the BSW but the BoC & their printers have been known to short-change several prefixes over the years:
$20 Journey EGR (there's others like 2011 AUT which seem tough)
$10 BEP, BEL & 2003 BER
$5.00 2001 AOF & 2004 HOH
& for polymer it is (or should be) a well known fact that the EKZ $100, AMK $50, BSW $20 & FTH $10 were all shafted in terms of the numbers released. Actually the M-C FTH came as a real surprise since it was like the 2003 BER since the 2004 BER had a full release & the M-P FTH had a full releases. Also M-C GHD $50 & W-P FVP $20 were also scarce in numbers.

You can speculate all you want about the BSW but the BoC & their printers have been known to short-change several prefixes over the years:
$20 Journey EGR (there's others like 2011 AUT which seem tough)
$10 BEP, BEL & 2003 BER
$5.00 2001 AOF & 2004 HOH
& for polymer it is (or should be) a well known fact that the EKZ $100, AMK $50, BSW $20 & FTH $10 were all shafted in terms of the numbers released. Actually the M-C FTH came as a real surprise since it was like the 2003 BER since the 2004 BER had a full release & the M-P FTH had a full releases. Also M-C GHD $50 & W-P FVP $20 were also scarce in numbers.

It is very helpful to learn this kind of info from someone who has been actively collecting and going through bundles since the Journey notes were new. As always, thanks for sharing your knowledge walktothewater.

I think there was a typo, as EGR is a Birds $2 changeover. I wonder if you meant the $20 Journey ERG, which has about half the population reported in SNDB as most other full-run prefixes.

It's kind of interesting to go through the Charlton and see the values for, say, the 2003 Jenkins/Dodge $10s, and then realizing that the book values don't really correspond to the SNDB population reports – most should be priced higher than they are due to scarcity. I think I remember seeing talk here that Charlton needed to be able to observe more sales history before revising their values for certain prefixes.

I think there was a typo, as EGR is a Birds $2 changeover. I wonder if you meant the $20 Journey ERG, which has about half the population reported in SNDB as most other full-run prefixes.

-Thanks for the correction @rxcory - yes the ERG $20 (was just replying off-the-top of my head, trying to recall some of the short prefixes reported).

I did not mention the 2011 HAE-HAL Fives only b/c we expected those to be short & the ones I mentioned came up short more in the middle of their run (with the exception of the 2011 AUT $20).  There's probably a few more short prefixes I failed to mention here.

BSW - BCS graded VF35 sold for $525 + 20% + tax $711.90!

BSW - BCS graded VF35 sold for $525 + 20% + tax $711.90!

Wow, that's impressive.  But I hope everybody remembers that the price before fees and taxes should be used as the benchmark.

BSW - BCS graded VF35 sold for $525 + 20% + tax $711.90!

Wow i'm surprised that it sold for that much. Before I remember people said it was worth 70-200 dollars but if it sold for a higher price than I wonder if the price will rise as time goes on.

Speaking of which does anyone in this forum found a BSW prefix? If you did then how did you find it and what was your reaction when you found one.

Wow, that's impressive.  But I hope everybody remembers that the price before fees and taxes should be used as the benchmark.

When looking at past public sales for establishing a market value of a banknote you should include at minimum the bidders premium paid by the buyer at auction in this value, as this is an integral part of the final sale price realized.

Most buyers take into account the bidders premium when they decide their maximum bids at auction.  It would be erroneous to use the hammer price only as any benchmark for market value.  Including the sales tax is questionable as many buyers are tax exempt for multiple reasons (i.e. buying for resale, shipping out of country etc.).

Most buyers take into account the bidders premium when they decide their maximum bids at auction.  It would be erroneous to use the hammer price only as any benchmark for market value.

+1
-so about $630

-which means that the VF35 BSW $20 went for nearly 8X the Charlton Book value for this note in VF condition ($80)

-Now the big question is whether the Charlton pricing panel will take this auction result & revise (raise) their tables for their next edition.

Was this selling price the result of two desperate and stubborn mad men?

Maybe I’m out of touch or just a cheapskate, but for something like this I’d have a very very hard time paying even $150.

Was this selling price the result of two desperate and stubborn mad men?

Maybe I’m out of touch or just a cheapskate, but for something like this I’d have a very very hard time paying even $150.

This is my thinking as well for price but at the end of the day its all about how much one would be willing to spend in order to acquire one such piece. Keep in mind as well it is very rare to see a BSW up for sale as there are so few of them around. I think eventually as more appear on the market the charlton guides will eventually reflect on their true value.