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Topic: Most expensive note  (Read 4983 times)
1971HemiCuda
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« on: April 27, 2008, 04:27:10 pm »

What is the most highest price you have ever seen (In person) asked for a single note (not including the one on Ebay for $388,888.88) Include what year, series, condition and anything else you might want to say.

« Last Edit: April 27, 2008, 04:29:51 pm by 1971HemiCuda »


1971HemiCuda
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« Reply #1 on: April 27, 2008, 04:29:08 pm »

The most expensive note i have ever seen was at a coin show in Guelph, Ontario. It was a 1912 $5 bill from Dominion Of Canada in UNC condition and the person selling the note wanted $8,000


canada-banknotes
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« Reply #2 on: April 27, 2008, 05:35:33 pm »


I attended the February 2005 Torex auction in Toronto, at which, a 1911 Dominion of Canada $500 bank note (DC-19) sold for CDN $150,000 plus the juice.

An excerpt from the auction catalogue reads as follows:

"The Dominion of Canada 1911 issue $500.00 note is rightly called the 'EMPRESS' of Canadian bank notes.  The 1911 issue $500.00 note has several similarities to the 'Emperor" of Canadian coins, the 1911 silver dollar.  Both are dated 1911 of course, the year of transition from the reign of Edward VII to George VI, and both are extremely rare.  There are two 1911 silver dollars, (and an example struck in lead), and only two surviving 1911 Issue $500 notes.  Ownership of the 1911 dollar or the 1911 $500 note represents the ultimate collecting achievement in two fields of Canadian numismatics.  There are also some distinct differences besides the obvious.  Neither of the 1911 issue $500.00 notes have transacted in a public auction sale and have seldom and only traded hands through private treaty sales, while the 1911 silver dollar has sold at auction three times since 1975, and several other times by private treaty.  There is no example of an issued $500.00 note of the 1911 issue in the Bank of Canada's National Currency Collection, or in any other museum collection, although the N.C.C. does have a 1911 silver dollar, as well as Specimen and Proof examples of the $500.00 note.  Both known 1911 issue $500.00 notes are near identical in grade.  The offered example grades VG/F, and has four strong corners and good body.  The auctioneer believes that it is extremely unlikely that any other known $500.00 note of the 1911 issue will be offered for sale, making this an unique opportunity to acquire an example of the 'Empress' of Canadian banknotes."

Here is an image of the note from the back of the auction catalogue.


[attachment deleted by admin]

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
1971HemiCuda
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« Reply #3 on: May 08, 2008, 06:45:49 pm »

BUMP


Ottawa
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« Reply #4 on: May 09, 2008, 10:43:02 am »

BUMP

Sorry for a possibly stupid question, but I keep seeing this ubiquitous "BUMP" and would very much like to know what it means! :o

" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).
BWJM
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« Reply #5 on: May 09, 2008, 11:23:13 am »

"BUMP" is referring to the action of "bumping" a thread to the top of the list in a particular forum to renew awareness and attention to the thread. It is often done in very busy forums where a topic can slide onto the 2nd or third page within a matter of days or hours.

One particular forum that I was a member at not too long ago was incredibly busy. In their trading forums (they had about 12), a new post could be on page 3 within 3-4 hours. However, the moderators of that forum decided to disallow bumps because it would probably double the volume of posts to the site as a whole, and it would be relatively pointless due to the speed at which posts drop down from page 1.

My personal opinion is that "bump posts" are fairly useless and generally annoying, however there is no rule about them here.

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« Reply #6 on: May 09, 2008, 11:59:09 am »

Many thanks for explaining the concept of BUMPing. Everything is crystal clear now. Unfortunately, BUMPing tends to unnecessarily elongate the threads and is definitely annoying. What if we all did it?!

" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).
BWJM
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« Reply #7 on: May 09, 2008, 12:23:23 pm »

My thoughts exactly, Ottawa.

BWJM, F.O.N.A.
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President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
talia0803
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« Reply #8 on: May 10, 2008, 01:02:52 am »

I attended the February 2005 Torex auction in Toronto, at which, a 1911 Dominion of Canada $500 bank note (DC-19) sold for CDN $150,000 plus the juice.


Wow! That is a LOT of money for money. I would love to start collecting like that, I make good money online but that is a little out of my league, just a smidge lol!
 

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