1898 Dominium of Canada $1

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Is that a good deal I made... My first 1898! I paid 275$CAD

Hey Marc Andre

You seam to have a nice note with the scarcer inwards back veirety. Overall appearence is clean with some creases. It is a bit hard to determine from a scan but visually the note has the characteristics of a FINE which books at $550.

Your does look a bit fuzzy, and overly clean for a FINE. Looking at the margins, corners and creases there is a slight possibility that it was a cleaned "altered" VG. Nonetheless a VG books at $225 and these prices I am quoting you are from the soon to be replaced book.

Personally I would say the deal was good, especially if I am wrong about the "alterations"

Please let me know if there is anything else I can do for you.

Without seeing the note in hand
it looks cleaned

Well Centered though. Always tough on the older Dominions

Is that a good deal I made... My first 1898! I paid 275$CAD

I recently sold a similar "Ones Inward" $1 1898 note on eBay (#180126233595). It was in original unmolested VG-Fine or About Fine condition. It sold for only US$177.50 which is significantly less than the VG catalogue value (see scans below). I get the impression that the market for Dominion of Canada and chartered bank notes is rather soft right now although better Bank of Canada material continues to bring strong prices.

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I think rather than a soft market on Dominion of Canada notes in general, prices for the 1898 $1, 1917 $1 and 1923 $1 notes in grades of VF and under remains soft. For just about any other note, especially in grades above VF (and particularly unpressed or trimmed notes), prices remain strong. For the real popular series (1912 $5, any $4, and earlier notes) the demand is very strong. Higher catalogue prices have brought out more notes to the market over the past few years, but slowly that supply will evaporate and even the relatively common 1898 $1 will again become tougher... It's merely a cycle. In five years, you will be very glad you bought this note at this price. The Dominion of Canada notes will always be a pleasure to own and a great investment.

finally got it this morning, look at this attachment.

I paid just under $200 for this 1898 $1 note.  Think I got a good deal?  There is also a slight "error" in that you can see a tiny bit of the signature from the note above mine (above the second "i" in "Dominion of Canada").

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........ I think rather than a soft market on Dominion of Canada notes in general, prices for the 1898 $1, 1917 $1 and 1923 $1 notes in grades of VF and under remains soft. For just about any other note, especially in grades above VF (and particularly unpressed or trimmed notes), prices remain strong. For the real popular series (1912 $5, any $4, and earlier notes) the demand is very strong.

Personally speaking, I don't see a lot of strength in the market for "typical-grade" $5 1912, $4 1900/1902 and earlier Dominion of Canada notes, particularly the $1 1878 with Lettered Border. I'm here interpreting market "strength" in terms of unrestricted auction realizations via-à-vis catalogue prices and not in terms of arbitrary eBay Store asking prices. By way of example, a $5 1912 in VF recently sold on eBay for less than the Fine catalogue price (#170120353452) and it appeared to be properly graded, albeit with one "very tiny" edge tear. The $4 1900/1902 and $5 1912 notes in the February 2007 Torex auction didn't perform well at all --- only 4 of the 8 notes in the sale actually sold and the three below VF that did sell realized only 60-75% of catalogue value (inclusive of the 15% buyer's commission). On the other hand, the $4 1900 in well-centered VF garnered about 95% of catalogue value.

I agree that the more exceptional notes (i.e., totally original, unmolested, well-centered and wide-margined notes in strong VF and higher grade) will always bring strong prices but such notes are few and far between these days. I just don't see strong "across-the-board" prices for the more ordinary notes that constitute 90% of the overall market activity. The "demand" may be strong in the collector-interest sense, but only at sub-catalogue prices. Perhaps some catalogue prices have risen too quickly in recent years and are now above market prices? I may be wrong, but that's the way I see it.