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 Replies: 9 / Views: 2,754 |
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Pillar of the Community
Canada
2845 Posts |
This is something I've been curious about for quite some time, I hope someone might have an answer for. Is there a "rule of thumb" type of formula regarding the valuation of sequential banknotes? If so, I've never found or noticed the answer. For example -- if one 1954 banknote is worth $x, then are two in sequence worth x times the one, then three....so on and so forth? Otherwise, how is the premium on the value of sequential banknotes determined?
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Pillar of the Community
Canada
1461 Posts |
I don't think there is a set formula and numbers are all over the map depending on series and rarity. From experience it's all about the over all cost of the purchase. I find cheaper less desirable notes do significantly better in series sales as opposed to individually. In other words 5 x 1954 $1 common series dollars will do exponentially better (per capita sort of speak) than 5 x 1954 rare series notes. For example, I had 19 x MS63, 1954 rare series (in series) banknotes that averaged approx $125.00 each sold individually. No matter how I tried to market them (series of, 2 or 3 or 4), they brought no additional revenue in trying to sell them in consecutive batches. Actually the opposite, I couldn't sell them due to overall cost. Out of all the notes only one buyer had interest in buying one other note numerically consecutive when offered. Now I don't know what would happen with 5 x 1937 $2 Osborne banknotes in UNC (sold in series vs individually), but it would certainly be an interesting exercise to witness.
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Pillar of the Community
 Canada
2845 Posts |
Your insight is extremely interesting CoinHunter, thank you for sharing that. That it may be easier to sell rare notes individually, even if one holds a series, is a concept that hadn't occurred to me. On that thought, I can imagine at some forward future date, an owner of a banknote happening to notice for sale and buying one or more of a sequence back......believing it to be astronomical coincidence to find a consecutive serial number in a banknote of an equal grade!
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Pillar of the Community
Canada
3049 Posts |
There really is no value given to sequential notes... any premium that is paid is simply what one collector may wish to have a series lot.
The only reason why some note collectors buy a series is that a) you know that they haven't seen circulation (this doesn't mean the notes are in UNC condition however) and (b) sometimes there a certain serial in there that they want.. and so they are willing to buy the whole lot rather than look for a certain serial #
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Pillar of the Community
Canada
2845 Posts |
Thank you AgCoinAu. Yes, thinking about it, the possible rational behind a purchase of a sequence makes sense.
I have a couple of 1954 $1.00 sequences. Not for the purpose of selling, just for personal valuation, but what has stumped me the most is another - 1954 $10 replacement notes. Now I suspect the reason I've never been able to find a comparible is because is the likelihood others have split the sequence prior to selling.
Edited by wildflowerAB
04/22/2015 12:08 am
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Pillar of the Community
Canada
3049 Posts |
With '54 replacement notes you're far better off I think selling individually...
That's my opinion at least. ... Far better to get top dollar for each than give one person a deal as a bundle.
So I think you'll be hard pressed to find a comparible.... however.. just for giggles if you have pics of a sequence of replacement '54's... man I'd love to see that!
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Pillar of the Community
Canada
2845 Posts |
My sequence of $10 replacement notes is only two....oh how I wish it were an entire bundle! Although they are as crisp as new, at some point in their lifetime they were folded in half.  Edit: typo Edited by wildflowerAB
04/22/2015 10:06 pm
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Bedrock of the Community
Canada
21643 Posts |
Too bad about the crease.
It brings the grade down to AU but even then they have a bookprice of $55.00 each.
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Pillar of the Community
Canada
1461 Posts |
I would probably agree with AG. There wouldn't be any value add for these particular notes being sold in sequence. If I was selling them, the selling strategy would be to list them both separately in two separate auctions but at the same time.
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Pillar of the Community
Canada
2845 Posts |
Odd thing about the crease....they've been stored flat for at least 30 years in an envelope but I could swear the crease has noticeably increased after recently moving them into the plastic bill holder. My imagination must be playing tricks on me.
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Replies: 9 / Views: 2,754 |
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Posted 04/19/2015 3:37 pm
