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Topic: $1000's increasing in price?  (Read 171 times)
shrek999
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« on: March 11, 2022, 10:15:32 pm »

I was recently at a show in Alberta and noticed a marked increase in asking prices for 1000 notes.  I even saw multiple devils face 1000 notes. Prices being asked (depending on quality of notes) were 5-12K Not sure how any sold but did notice lots of interest.  Is anyone else seeing an increase in interest or prices
AL-Bob
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« Reply #1 on: March 12, 2022, 02:48:37 pm »

If anything, common $1000 notes are trading at a discount as everyone is trying to get rid of them now.  I hope those are rare signatures/devil's face at 5-12k.  Otherwise you just encountered a clueless seller.  A lot of interest doesn't mean much unless the interested parties are actually buying.  A lot of random people off the street might be "interested" in a pile of $1000 notes without having any clue what they're worth.


AL-Bob(at)cdnpapermoney com
walktothewater
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« Reply #2 on: March 12, 2022, 03:36:57 pm »

I agree with "AL-Bob" but would just like to point out that on top of this, it could also be a crazy hot US market playing some role. US collectors have a thing for high denominations & I have heard chatter on their forums that even circulated $1000 notes have been getting more & more dear. It could be that they're branching out to buy CDN $1000 out of frustration (thus driving up the price)?  Not sure if the prices would be driven as high as 5 to 12K...but there could be an increase in demand for common $1000 notes.  It would not surprise me. 

American collectors influence the CDN collectible paper market more than most CDN collectors realize (or acknowledge).  I believe they (& world collectors) help drive up Devil Face & now Modified banknote sale prices.

Speaking of "clueless," Banknote World started selling 100 Trillion notes from Zimbabwe in bundles & half bundles in 2016. I remember seeing these. This ugly note became the sweetheart of social media & the next thing we see is they're selling for $50 & more recently prices are nearly $100 for graded hyperinflation notes! Crazy!

shrek999
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« Reply #3 on: March 13, 2022, 04:27:56 pm »

I didn't actually see one being purchased just say the asking prices, so yes did they sell for these prices???
 

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