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Replies: 26 / Views: 5,581 |
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Pillar of the Community
 Canada
5402 Posts |
It is a complete waste of valuable time these days to reply to lists. You cannot grade or evaluate a list. Quite frankly being in the business I would want to be paid for my PROFESSIONAL opinion. When a dealer puts pen to paper and appraises a collection for legal or estate purposes. Indeed it can be challenged in court or by the estate. Most dealers who have been around for a long time do have a list of credentials and experience behind their names. It is part of a professional reputation.Also any dealer of high standing will be a member of a high ranking numismatic organisation, such as the RCNA, ANA or CAND. You mess up with a client and they do have some recourse. To restate the OP certainly would be in good hands with any of the above named professionals.
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New Member
 Canada
6 Posts |
Thanks everyone for your advice. Glad I was a conduit to some rather direct dialogue on how to handle this collection.
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Pillar of the Community
Canada
1505 Posts |
Smallcent guy, you might be correct and it might be the best and perhaps most unbiased route... after you had the notes graded by a TPG and bought the latest book to check for yourself. You will then have a rough idea what you will be up against. it is easy then: take a discount on the book prices and subtract your negotiated auction sellers fees. just that simple. Dealers automatically will argue against that process, especially after having seen the notes. And, we all know why. Every grade counts....
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Pillar of the Community
Canada
1505 Posts |
Pacific, you said it right...Opinion. I suggest you google and also check it in Websters the word and meaning of a Professional. YOU should know that with your post you are just about to open a huge and possibly embarrassing (for many dealers)"can of ugly worms". You are right, explaining the existing problems and suggesting in what you wish to be true regarding dealers, and it may be true with a very few dealers. BUT not with the majority of them.
Many, but not all can perhaps be called Experts because of their experience. But that does not make them professionals. Heck most do not even have liability and or malpractice insurance which I believe is a requirement for a professional!
here are the definitions of a Professional. please read them carefully. And please do not try and interpret them to suit any coin dealer.
Professional : Definitions (1) 1. Person formally certified by a professional body of belonging to a specific profession by virtue of having completed a required course of studies and/or practice. And whose competence can usually be measured against an established set of standards.
A profession is a specialized occupation characterized by intensive training leading to a professional degree and subsequent licensure.
Profession - Definition A profession is a vocation founded upon specialized educational training, the purpose of which is to supply objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain. "Liberal professions" are, according to the Directive on Recognition of Professional Qualifications (2005/36/EC) "those practised on the basis of relevant professional qualifications in a personal, responsible and professionally independent capacity by those providing intellectual and conceptual services in the interest of the client and the public".
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Pillar of the Community
Canada
1984 Posts |
47P7, as you say it would be worthwhile to have notes of that quality graded both so that you know where you stand and to enhance the value at auction or elsewhere. There is a hassle factor involved with the submission.
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Moderator
 Canada
10460 Posts |
Seriously 47P7, you are trolling now... your last post is completely an off-topic, and unsubstantial tangent to this thread. You are entitled to your opinion, as others have the same entitlement right to disagree. The latter part of that sentence seems to be something you cannot accept, and insist of shoving your opinion down our throats. I will address one topic: Quote: However, who in their right mind would even, considering the annual fee for insurance, pay for an appraisal for insurance purposes. I for one, have paid for a professional opinion of my collection for insurance purposes. I do it about every second year. Anyone who has coin insurance and has been robbed - painfully knows that you have to provide proof of value... when a collection gets to be of substantial value, it is worth it. I also get my wife's jewelry appraised on a regular basis - for the exact same reason. Other major collections consigned to auctions, have paid people for professional opinions and appraisals - it is part of the business. The advice given in this thread has been perfectly acceptable. Your assumption of us being "not in my right mind" speaks of blatant ignorance of the professional side of the hobby. You are painting a negative opinion of all coin dealers with a broad ugly brush. That is my opinion. Maybe I should comb through the archives here, and email all the dealers in Canada a collection of your comments about coin dealers made in the past years - if you really want to see their ugly side. -------- Lastly, If you can't control your confrontal posts of little or no numismatic substance here - that is a problem easily solved. You have been removed from CCF once before, and I can assure you, it can will happen again....
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
5402 Posts |
I sure hope that the OP in this post is able to get real value for this lot. It is indeed a super nice lot and worthy of careful investigation. Done right and in a good auction you will get maximum value. Just witness the recent Landon and Ron Greene sales in Toronto. Good luck on these notes,I am sure you will find the answers you need. As to the topic of insurance appraisals and insurance, a previous poster should get info from HUGH WOOD insurance which offers. Reasonable numismatic insurance packages to ANA members. SPP can let us know if they offer to RCNA members. I am not sure on that. Also when I had a bricks and mortar coin shop, liability and other forms of insurance were mandatory under the terms of my lease as was Workers Compensation. So if I was to pursue my profession all of that had to be in place. Finally to the OP and his interest in the pictured bank notes, another excellent resource on line is HA.com ,the excellent free sight of Heritage Auction results. Good Luck.
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Moderator
 Canada
10460 Posts |
Hugh Wood does offer insurance to RCNA Members. I insure my collection, coin show inventory and even items in transit (to PCGS or auction purchases) with Hugh Wood. It is my responsibility to provide 'proof of value'. In a business where coins are bought and sold with cash deals, appraisals are necessary. That said, I may have to get some errors re-appraised, the hammer price on this shocked me: http://www.icollector.com/1Mint-Err...63_i21394940-------- To the original poster: you have obviously something more than a shoebox full of old bills - this was a collection. 1. If you do seek the opinions of coin dealers, remember that it could be worth your while to seek 2nd opinions from other dealers. 2. If you want an independent opinion - try contacting Jared Stapleton. He is a paper money collector, dealer and current president of the Canadian Paper Money Society. He could easily offer you advice based on your photographs (since he is in Toronto). I can personally vouch that his opinion will probably be one of the best in Canada. http://www.cpmsonline.ca/executive.php
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Bedrock of the Community
Canada
10743 Posts |
Our own member 'Canadian Banknotes" is quite knowledgeable in these notes also...
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New Member
 Canada
6 Posts |
Thanks all. Due to the amount of secondary discussion on my post about many other topics, I have decided to upload closer photos of the scarcer notes on another forum (on the advice of another member). Apparently the Chartered bank notes are quite a specialty. I do appreciate all the names and contacts provided and will take them into consideration once I have a better overall understanding of the valuations (very little online). Its a good sized collection, but a lot of very common pieces.
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Pillar of the Community
 Canada
5402 Posts |
SPP thanks for the add on about the insurance being available to RCNA members. Touch wood (pun intended) I have only had a couple of minor claims In the distant past. You should. NOT be too shocked at some of the results of the auction. It was one for the ages. As to the comment on "CASH" deals they are to becoming quite less of an issue these days what with more and more transactions taking place on line. It makes it easier to substantiate if you have a big loss and need an insurance claim. Actually a little known trinket in some insurance policies makes a claim void if you cannot prove an original cost on a very expensive coin. So to all the heavy hitters out there when you are buying a very expensive coin or coins get invoices and deal with people who will give you a proper invoice with all the taxes buyers premiums and the rest all up front.
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Replies: 26 / Views: 5,581 |