1954 Canada One Dollar Note,'repeater'

Definitely require the prefix and some pictures if you could.

Cheers, Bill

Now with a prefix, we can give you some info on your bill.
It is as stated earlier a replacement note.
There were approx. 40,000 printed by CBN.
Beattie-Rasminskey is the second of three different signatures used on the 1954 Modified Series.
The book price in VF condition is $12.00.
(Probably worth closer to $7-8.00)
Hope this helps some.

I don't think paying anything extra is in order. You win some, you lose some.

The note is worth what you paid, give or take $1 or $2, depending on the buyer. If your friend is a dealer, they ought to know the value of the items they sell or more importantly, what to sell them at to make a profit.
Adding more money, especially a matter of a coffees worth, just doesn't seem like a good idea since it kind of implies your friend doesn't know what they should price things at.
I don't think your friend will feel betrayed if he valued the bill at $5 and you value it at $7.
What's a few bucks amongst friends?

Perhaps it's just me, but when 2 parties agree upon a deal, isn't the deal done? I could understand if your buddy/coin dealer somehow gave you the wrong bill he intended to, and you scored a $500 bill for $5, but I thought the difference was a matter of less than the cost of s happy meal.
Is it possible that your friend/dealer made enough of a profit off the other items you purchased that they happily cut you (a small) break of this $1 bill?
I really like the car I bought off a friend of a friend in November. I just started getting it ready for the road for spring and had a neighbor offer me $2000 more than I paid for it. Should I be feeling bad about not going back to the guy I got it from and paying him more?

Nothing. I gotta do nothing.
That dancing apple is worth more than I bargained for, let me write you a cheque.

I apologize for chipping in so late on this old thread but I cannot help myself.

The truth is: if it were a 1967 note in VF it wouldn't be priced any higher than $3.00 (now hearing that you're friends- I seriously doubt your friend would sell a super common 1967 to you for $2 over book!)

They printed 400,000 *A/Y prefix notes (not 40,000) so, trust me, you paid a fair price for it -exactly as others have pointed out to you. I have seen many consecutive *A/Y $1.00 notes so I believe the book is actually liberal in their suggested value. I've seen many high grade original notes sell for 20-25% less book and that is no surprise. You just try to turn around and sell it!

Secondly, I doubt its a true VF, but more likely pressed. This is very difficult to ascertain if you've never collected notes and haven't seen (& felt) several hundred 1954 ones. I'm sure your dealer friend has and knows that the embossing on the note he sold you is likely subtle. Take the note out of its holder and feel along the serial numbers. If you don't feel the impression (embossing) than the note was stuck in some book for years. That doesn't mean the note doesn't look terrific- it probably is clean and has great eye appeal too. But to a collector of paper money, he or she wouldn't likely touch it (if its been processed in any way).

So bottom line: feel free to buy your buddy a coffee (or give him a few of your cleaned/polished coins) if you absolutely must, but don't get any more carried away than that.