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 Replies: 14 / Views: 5,558 |
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New Member
Canada
14 Posts |
Hi, I was wondering if collectable canadian paper money value follows the economy value, meaning if the economy falls some, does the value of the collectable currency fall as well? Or does it remain a ''demand and rarety'' issue during recessions.  call me paranoid, but I'm considering exchanging my collection for silver |
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Valued Member
Canada
276 Posts |
Paper is a collectors game, silver is a commodities game. Two different things. If you want to keep collecting, switch from paper to coins, not from paper to silver.
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Pillar of the Community
Canada
1051 Posts |
^ What he said. Bullion is a means to an end, not the end itself.
I highly recommend hedging your collection with physical metal, and trading in and out when the time is opportune.
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New Member
 Canada
14 Posts |
I like collecting, but I don't want the paper to lose its value. I do collect silver coins, double struck sets, proofs sets as well, so I was thinking about trading my paper for silver, more like an physical investement like 1cent mentioned. Just wanted to hear some other points of view on this matter.
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Pillar of the Community
Canada
1166 Posts |
If you're looking for notes that will hold their value, I would recommend high grade Chartered Bank notes. Even though they may seem pricey compared to U.S. notes, they are still considered undervalued.
If you collect modern notes just for the sake of collecting, that's fine but they are going to depreciate unless they are errors or special numbered notes.
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New Member
Canada
14 Posts |
exactly, I have a few radar notes, one of which is a solid $20 bird series, couple devil's head notes, one asterix, grades from vf to unc, the others pretty much all unc but not so special. I should scan them you tell me what you think.
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Bedrock of the Community
Canada
10743 Posts |
Let's take a look at what you have..  |
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New Member
Canada
40 Posts |
I have always wondered the price of paper currency also, more importantly if its easily sellable(since I dont collect). The auction I go to every week has the same type of bills
3 1867-1967 centennial bills
3 1954 dollar bills
2 1937 bills
A coin shop went out of business out here and all of its collection went into a sea-can to be sold bit by bit for the next while.
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Valued Member
Canada
307 Posts |
I think you will find that certain notes as in coins will hold their value no matter what the economy is doing...
I have a handful of banknotes I was going to get rid of...54's and 37's to invest in other coins but even though the condition was not too bad they are common enough that the most I would get will be face.....so I will just hang on to them....
I guess the point to my ramble is if you don't need the money the notes will bring keep what you have as a collection for fun and move on to another area of collecting..
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New Member
Canada
14 Posts |
I came upon a ''used to be worth gold note'', I was told by a collector, owned a store in Ottawa, capital city coins was the name, that a note of face value of 100 in some russian money (can't remember what and even less the year, but it was old) had an astronomical value at one point in time and then in 1990's, I bought it for 20 bucks. What happened?
I'm wondering if canadian notes would have the same effect as the 100 mentioned above at one point in time.
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Pillar of the Community
Canada
1166 Posts |
Canadian notes would have better value than, say Russian notes. Though less collectible than U.S. notes, they are in demand because of the Commonwealth note collectors. Early British notes, Australian notes, and any of the King George VI notes from the African and Indian continents can be very expensive.
Countries that had hyper inflation and devalued their notes tended to have stockpiles of notes, and those can be bought for a dollar or two in pristine condition.
The Centennial notes, the 1954 notes and the 1937 were heavily collected and saved. I know dealers that have bundles of the 1867-1967 notes that they sell for a couple of dollars per note at shows.
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New Member
Canada
14 Posts |
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New Member
Canada
14 Posts |
on a side question, does the recent 3 in a row with the radar in middle make some sort of a ''set'' or are the bills before and after not worth more than face value?
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Pillar of the Community
Canada
1166 Posts |
Nice collection.
From a marketing standpoint, the radars will sell for more (if you can find a buyer) by themselves than with the "bookend" notes (the ones before and after it).
Your solid "6" $20 note is awesome! The replacement note is pretty cool too.
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New Member
Canada
14 Posts |
thx
they might be for sale soon, any interest?
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Replies: 14 / Views: 5,558 |
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Posted 02/06/2011 11:17 pm
