1974 $2 replacement note with a small error

News: Welcome to the Canadian Paper Money Forum.

I just bought this 1974 $2 replacement note for $8.  The condition is listed as VF.  I've just started collecting paper money, so I'm wondering if this was a good deal.  There seems to an error with the cutting of this bill (its off centre).  I thought it was ironic that this defective bill was created to replace another defective bill!

What do you all think this bill is worth?  It's serial number is *RE7037261 and is signed Lawson-Bouey.

Thanks!

{http://i94.photobucket.com/albums/l109/actuary6/PICT0376.jpg}
{http://i94.photobucket.com/albums/l109/actuary6/PICT0375.jpg}

It's an OK deal
$ 8 was fair

*RE is worth $10 under FV so you saved yourself 2 whole dollars. I don't think it would be worth more because of the cutting of the note.

Heavily circulated notes from that issue can easily be bought under book value

yes but a great start. I think you got a great price at $8    

Arthur

You will probably find that there are many regular and replacements particularly within the 1974 $2 series that had similar printing errors. These are common and therefore don't fetch much if any premium at all. I have a *BM in VF with a similar error, i didn't pay much for it, maybe $5.

Well I think we could agree that you both got great prices on them. You see more misscut 74 $2's.you dont see many * error notes on anything.

Arthur

Thanks for all the input everyone!  It's the first note of its kind in my collection and I'm happy to hear that I paid a fair price.