Author
Topic: Changeover solid?  (Read 13741 times)
twoinvallarta
  • Senior Member
  • ****
  • Posts: 445
  • Paper Money is Art!
« on: July 17, 2006, 08:03:58 pm »

I have a Gem Unc BEK5555555 signatures Knight/Dodge
Is this a changeover note? What premium would you give this note,I realize it's what the market will bare.Interested in your opinions. :-/
« Last Edit: July 17, 2006, 08:14:46 pm by twoinvallarta »

Oli1001
  • Very Senior Member
  • *****
  • Posts: 504
  • www.CanadianCurrency.ca
    • Canadian Currency
« Reply #1 on: July 17, 2006, 09:00:08 pm »

Yes, this note is a changeover note. It was both a year and signature changeover which occurred at 8,599,999M. As for the premium, well, I guess it is up to the market as you already stated.
twoinvallarta
  • Senior Member
  • ****
  • Posts: 445
  • Paper Money is Art!
« Reply #2 on: July 17, 2006, 11:58:47 pm »

Thank you for the info Oli1001.
I'm not too up on these change over's yet,although I understand they are increasing in demand rapidly.

Any other thoughts,anyone, on value.Book is $350 for the solid,would a 15-25% premium for change over seem reasonable?
I've bought a few others,one a DF Unc $2.00 from Don Olmstead,the premium seems to be in that range.I'd be interested to hear what others have been charged for their changeover notes,especially solids.

Oli1001
  • Very Senior Member
  • *****
  • Posts: 504
  • www.CanadianCurrency.ca
    • Canadian Currency
« Reply #3 on: July 18, 2006, 11:58:52 am »

I am not entirely sure that a 15-25% premium would be attributed to this note, simply because regular issue solid notes are only fetching $300. Another reason being that the BEK changeover occurred at 8,599,999M. Thus, since the market does not bear full book value for solid notes then I am left to believe that a note, with a changeover, would be close to the book value but not exceeding it by 15-25%. Still a gorgeous note!
 

Login with username, password and session length