Poll

How has your buying /selling of Canadian banknotes changed in the last 6 months

Buying less than usual
30 (34.9%)
Buying more than usual
25 (29.1%)
Stopped buying completely
7 (8.1%)
Selling more than usual
8 (9.3%)
Selling less than usual
10 (11.6%)
Stopped selling completely
6 (7%)

Total Members Voted: 1

Author
Topic: Has your buying/selling of Canada banknotes changed in the past 6 months?  (Read 24371 times)
friedsquid
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After having spoken to many collectors and dealers it seems that in the last 6 months the buying and selling habits of collectors have changed. Whatever the reasons....the economy, the lack of quality notes available, the lack of buyers willing to spend their hard earned cash, or the wife's constant nagging to stop buying notes .....I'm curious.
I have allowed each member to vote twice, hopefully one vote for the buying and one vote for the selling options.  If only one applies, please just vote once.
Any additional comments/remarks are apppreciated.
Thanks
FRIEDSQUID


Just wondering
 if you are you are selling more is it because you need cash????
 if you are buying more is it because there are more deals right now???
 if you are not selling, is it because your not getting the prices you believe you should  be getting?


« Last Edit: October 20, 2008, 06:25:03 pm by friedsquid »



Always looking for #1 serial number notes in any denomination/any series
FogDevil
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I'd say people have ceased buying or selling currency items - especially in recent weeks when the U.S. is in a financial credit crisis that could impact Canada's economy in the near future if the U.S. Government doesn't act fast.
alvin5454
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Collectors never cease activity (well, one reason will cause that to happen).
Hard money may mean tougher decisions but those who can endure a bit of pain will certainly benefit in the long run.
Check your 1991 Charton catalogue prices. Money was hard for a spell around that year. I was fortunate  (and hopefully a bit smart ) to have purchased a large part of my collection then and in the couple years of recovery that followed, which were made more difficult by the financial policies of the finance minister of the time. Money was indeed tight.
Bank notes have proven to be a sage investment since then.
Carry on a best you can but don't stop. You will regret it..
nova7415
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I definitely agree with Alvin's position about still buying in todays market :). However two answers I felt you should have included in this poll were: "are you still buying the same" and "are your still selling the same"......as these answers definitely apply to me. Are any other members still following their usual patterns at all ???.
« Last Edit: October 23, 2008, 02:25:30 am by nova7415 »
hanmer
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Completed a move (mostly) last week. Haven't been very active over the last few months as a result. My intention is to purchase more in the coming months. I will not be selling anything for a while though.

:)


:)
friedsquid
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This post has been viewed over 300 times, yet only 19 members bothered to take the few seconds it takes to answer the poll.
I'm sure the question has some relevence to more than 19 people.
Come on now...  ;D

We don't use call display ;D



Always looking for #1 serial number notes in any denomination/any series
StormThief24
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  • That's a *DE replacement... If only it were mine..

Eh, my habits have stayed almost exactly the same.



Back with new packaging, same great wiki editor!
Punkys Dad
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Selling more is it because I need cash to Buy more notes. Gotta run, It gets a wee bit drafty wearing a kilt in dis weather mon.

Dei Gratia

Teeny guy on my shoulder sez, It's only money mon
YuMan
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Not buying more or buying less, stay the same ---> buying privately, and the most recent one was a 1937 $20 in C UNC from Robert

Yuman
woodguy62
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« Reply #9 on: November 24, 2008, 06:56:11 pm »

Buying less. The difference in the Can/Us dollar is effecting me. Buy most of my notes on ebay, the exchange puts me out of the running on most notes. I will only spend X amount on any given note.
EyeTradeMoney
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« Reply #10 on: February 07, 2009, 08:09:39 pm »

Collectors never cease activity (well, one reason will cause that to happen).
Hard money may mean tougher decisions but those who can endure a bit of pain will certainly benefit in the long run.
Check your 1991 Charton catalogue prices. Money was hard for a spell around that year. I was fortunate  (and hopefully a bit smart ) to have purchased a large part of my collection then and in the couple years of recovery that followed, which were made more difficult by the financial policies of the finance minister of the time. Money was indeed tight.
Bank notes have proven to be a sage investment since then.
Carry on a best you can but don't stop. You will regret it..

I agree. You gotta be able to fade the market. I have bought notes that are going for half the book value at some places/auctions, and likewise, I have been able to sell notes at 70-80% book price only so I could buy more cheap stuff from people desperate to free up some cash. As long as they paid near face value for a $100 note they got 10-15 years ago, they'll get rid of it for a little profit, even if it's $50 below book price.

I just hope I don't regret selling what I'm selling right now.
friedsquid
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just wanted to bump this up since the start of post was a while back but the market has changed



Always looking for #1 serial number notes in any denomination/any series
johnny99
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My buying habits have increased primarily due to "the more I have, the more I want".
1971HemiCuda
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When this poll first came out I checked off "Buying less than usual" But know I am buying more. Because I find nobody is paying what they used to, so there are more deals.


hanmer
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Buying more notes, mostly from here recently. Exchange rate makes many notes too expensive on our favorite auction site, and the quality of product always good.

Another member indicated that they did well in the early 90's. I'm trying to do the same now.

:)

:)
Bernie
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I am pretty specialized. So when the right note comes along, I try to get it. I seem to have gotten some good bargains lately.
nomunny
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buying more lately, and I've seen some good deals - don't know if that's because of the economy.
walktothewater
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« Reply #17 on: September 04, 2009, 03:45:49 pm »

From about 2 years ago till this past June, I stopped buying (or selling) completely.  I really lost interest in the hobby after the new updated Journey series came out.  I'm not in the least bit interested in "Inserts."

I just started getting interested again recently (past 2 months) since there are some interesting change-overs.  I have seen a few excellent deals for the odd rare note on the online auctions, but they're far and few between, since it appears as if less good stuff is up for sale.

Missy
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« Reply #18 on: January 24, 2011, 11:18:10 pm »

Curious......since it's been almost a year since this thread started, are folks' thoughts still the same?... or are there changes
coinsoldier
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I have been buying more so I can sell more.
I buy to sell ...... I sell to buy. It is a never ending cycle.
During the past year I am dealing nearly exclusively with UNC or better banknotes.
I only buy lower grades (circulated) banknotes if I get a real deal on a larger estate lot.
walktothewater
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Since my last post in Sept 2009, I've been trying to buy up desirable notes, but its been hard to find anything but common chaff out there. 

I have made a few purchases which I perceived to be a very good deal at the time, but then again, this is my perception only (which becomes dated) since I have been holding onto the said notes waiting for a time to sell.   My bias that I have made a few wise and advantageous deals (buying notes for less than 1/2 book value at times) is strictly based on the hope that the market will change and there will be buyers out there (eventually!)

Like many collectors here and ones I've met in the past- I buy a few change-overs and less common notes in high grade, in order to resell and hopefully to buy something more particular to add to my collection at a later date.

Mortgage Guy
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At the end of 2008 and for most of 2009 my goal was to buy the highest grade, rarest and most expensive replacement notes I could find (while trying to avoid the just expensive ones). I was buying everything I could get my hands on and for the better part of 2009 I started to question if there was such a thing as rare replacements as I was buying so many. Looking back a few years later I’m glad to have bought what I did as I haven’t seen many others offered. 2010 was a great year for less rare notes and common replacements and when buying lots the prices were very reasonable. Leading into 2011 has been really anemic for me. For the most part all I keep seeing are the same notes listed continuously month after month.

MG
« Last Edit: May 20, 2011, 04:35:39 pm by Mortgage Guy »

Always Buying Any Replacements and Special Serial Numbered Notes In C.Unc+ Condition
Dean
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I find myself buying less frequently but spending a great deal more on the items I purchase.

2011 purchases:

1937 Osbourne $50 VF
2 x 1937 $2 in Gem UNC

Dean

Frank_Lut
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« Reply #23 on: February 11, 2014, 05:36:03 pm »

Buying as much as I can lately!  ;)
 

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