Simple Question

Author

Topic: Simple Question (Read 6028 times)

Moneyman

Guest

« on: November 06, 2005, 07:14:10 pm »

What is good Canadian note to get that will go up in value that is less then $1000. im new to collecting thats why. im just trying to finish my 1954 UNC set first. thanks

Logged

eyevet

Wiki Contributor
Moderator
Posts: 976
CPMS Life Member #101

Re: Simple Question

« Reply #1 on: November 06, 2005, 11:28:18 pm »

Well there are lots to choose from. A 1935 $1 French Text in UNC lists at $1000. Stash one of those away 'til 2035 and I'm sure you will have done well.

Logged

BWJM

Very Senior Member
Posts: 5,019

Re: Simple Question

« Reply #2 on: November 06, 2005, 11:44:34 pm »

Stash any of hundreds of various notes away for thirty years and you'll probably outpace nearly any mutual fund on the market.

Logged

BWJM, F.O.N.A.
Life 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.

Hudson A B

Very Senior Member
Posts: 1,501

Re: Simple Question

« Reply #3 on: November 07, 2005, 03:09:28 am »

What I have noticed is that banknotes tend to move in the marketplace along with coins, and artwork for example. Especially in times of downturn, when people look for more certain investments, such as a Picasso or a even much more beautiful note from the early Bank of Canada series, or Dominion of Canada.

(Yeesh - what would anyone do with a painting??

)

Unfortunately, to an insurance company, a 1935 $500 is worth $500 , because it is cash (please someone correct me if I am wrong). But still any rare note would make a great long term investment in my opinion.

All for now,
Hudson

Logged

CPMS Lifetime Member #1502.

Moneyman

Guest

Re: Simple Question

« Reply #4 on: November 07, 2005, 07:27:24 am »

Alright, thanks a lot for your help guys.

Logged