I think it is very premature to be doing any analysis on SNRs. For one, no real market has been
established on SNRs. You do not even have a baseline like catalogue values to use for this purpose.
I also believe that many collectors are taking the buy and hold approach to purchasing replacement notes
as opposed to flipping them for quick profits. This is obvious by the sparse auction listings for SNRs on
eBay or at public auction.
Secondly, you are assuming that all collectors are buying replacement notes to make money. I am
aware of many collectors who buy for the sole purpose of collecting.
It was stated very clearly in the current catalogue:
AZA insert replacement notes listed in the last edition are now believed to be single note replacements.
Whie this area has not been developed sufficiently for catalogue listing, such notes are very well worth
keeping.
By the release of the next catalogue we should have a very accurate picture of SNRs and which ranges are
truly scarce. Until then it will be speculation on the part of paper money investors, and price tolerance on
the part of pure paper money collectors, that will dictate the prices paid for these notes.
As a collector for over 20 years I can tell you that I have seen significant increases in replacement note
prices. I do not have one 1954, multicoloured or bird replacement that I have lost money on. In fact,
all of my Journey note replacements have appreciated nicely as well.
...Arthur
« Last Edit: August 16, 2007, 11:53:03 pm by canada-banknotes »
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Arthur Richards
Contributor, Charlton Catalogue of Canadian Government Paper Money, 19th, 20th, 21st, 22nd and 29th Edition
Pricing Panel Member, Charlton Catalogue of Canadian Government Paper Money, 21st Edition 2009