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Banknote - Remainder

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Pillar of the Community
United States
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 Posted 06/09/2014  11:18 am  Show Profile   Bookmark this reply Add Colhand1 to your friends list
What I am referring to are the obsolete chartered banknotes. A remainder I thought was a note that was not issued to the general public and typically not signed. But I recently bought a chartered banknote that I am hoping is not a remainder as they are worth considerably less than the others.
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Canada
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 Posted 06/09/2014  11:30 am  Show Profile   Bookmark this reply Add DBM to your friends list
"Dipping" is not considered cleaning...
-from PCGS website
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Canada
3049 Posts
 Posted 06/09/2014  12:37 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
Yes.. typically when a bank folded or was amalgamated with another bank there were cases where they had notes that hadn't been issued...

Because of this most of the notes are expected to be in very high grades as they never saw circulation...

Pics would help... let's see the note!!
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 Posted 06/09/2014  2:14 pm  Show Profile   Bookmark this reply Add Colhand1 to your friends list
ok, I will post the picture once I have received it. - later this week, probably Wed or Thur
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Canada
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 Posted 06/09/2014  4:18 pm  Show Profile   Bookmark this reply Add persistnt to your friends list
AgCoin You did spell it wrong...I am waiting to see this Pic as well...
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Canada
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 Posted 06/09/2014  5:18 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
More importantly... Persistnt... did you forgive me for spelling it wrong or was that completely unforgivable..?

(Crap I'm making too many dumb jokes on this thread... and for that I appologise.. but I'm certainly looking forward to seeing some cool chartered notes!)
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Canada
726 Posts
 Posted 06/09/2014  5:32 pm  Show Profile   Bookmark this reply Add persistnt to your friends list
I don't have a single chartered note- I read about them in the CanCoinNewspaper..I don't have any earlier than 1937..No 2.oo(1928)or 1935 1.oo that were found inside of wallet..What a great find that would be..I think my Jokes are crazey as well..
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Canada
287 Posts
 Posted 06/09/2014  8:12 pm  Show Profile   Bookmark this reply Add twoplustwo to your friends list

Quote:
I don't have a single chartered note- I read about them in the CanCoinNewspaper..I don't have any earlier than 1937..No 2.oo(1928)or 1935 1.oo that were found inside of wallet..What a great find that would be..I think my Jokes are crazey as well..


I collect "Bank of Canada" banknotes 1935 to date.. Chartered banknotes are a whole other world that I haven't explored, yet.
Edited by twoplustwo
06/09/2014 8:12 pm
Pillar of the Community
Canada
3049 Posts
 Posted 06/10/2014  12:30 am  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
My collection of chartered notes started with getting BMO chartered notes... then it went into trying to get at least one bank that amalgamated into the BMO.... I'm not going to lie... I actually didn't enjoy.. so I sold most of those notes and started on a new little passion of mine... Chartered bank notes with barn animals on them.... It seriously limits me so I don't get as carried away.... (I say that but meanwhile I have a standing bid on a $10 N.S. note from 1935 that for some reason it just spoke to me and I really like)
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 Posted 06/10/2014  12:33 am  Show Profile   Bookmark this reply Add persistnt to your friends list
One of these days I will buy a 1935 $1.oo note...And I am not really interested to own any older (I don't count shinplasters as a note)..The 25c notes are an oddity to me-I enjoy them,..I have 4 or 5 fine or good 25cent notes..There is different letters on bill front to collect here ..(mine are B,J,K, not sure the others)The higher 1935 denom. notes I would say are out of my price range..two Plus I like to hear what others collect..
Edited by persistnt
06/10/2014 12:35 am
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United States
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 Posted 06/10/2014  11:15 am  Show Profile   Bookmark this reply Add Colhand1 to your friends list
Personally, I would like to own $1, $2 and $5 1935 notes in both the English and French versions. So far I have both $1 in VF30. The $2's I have but the French one is not good (rips, tape, etc). The $5 French is at least a VF30 and I will be submitting it along with the chartered banknote at the ANA to PMG for grading. The chartered banknotes I pick up when I see a bargin and honestly, the one that I am referring to above was a bargin - it's in AU or better condition. It's in the mail, and I should have it tomorrow.
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 Posted 06/10/2014  11:16 am  Show Profile   Bookmark this reply Add Colhand1 to your friends list
The question remains.
How do you determine if a chartered banknote is considered to be a "remainder"?
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Canada
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 Posted 06/10/2014  1:41 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
There's a lot of factors that come into play.. but the ones that come to my mind are:

1) Signatures
2) Serial number
3) Bank it's drawn on
4) The date of issue
5) Condition of the note
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Canada
726 Posts
 Posted 06/10/2014  6:30 pm  Show Profile   Bookmark this reply Add persistnt to your friends list
Collect Bank of C, from 1935 to now., I do..Maybe someone wants to collect the Denom. of 3.oo dollar..An undated Remainder (Question)$3.oo note issued by St.StephensJointStock Banking Company(N.B.)from the 1830's sold in 2010..Maybe someone will like a 4.oodollar denomination-1876 Bank of Toronto $4.oo in VG (One of 3 examples with blue "Collingwood" overprint) sold in 2010 for 16000.
Edited by persistnt
06/10/2014 6:32 pm
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United States
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 Posted 06/11/2014  07:58 am  Show Profile   Bookmark this reply Add Colhand1 to your friends list
When I get the note, I will post the picture
Here's what I know

Westmorland Bank - Moncton, NB
$2
1861
Signed O Jones
American bank note co.
Serial # 13355
Condition AU or better
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