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 Replies: 9 / Views: 1,850 |
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Valued Member
Canada
55 Posts |
Someone showed me their collection of Canadian bank notes. They have about $620 in face value. Most of the notes are the standard 1954 series, but they have a few uncirculated devil's face notes. They have a few 1937 Prince George notes in mint condition. The only notes before those years were a couple of $1 bills from 1935 and shinplasters in really bad shape. They have a few $1 and $2 bills from 1967, 1973 and other years in sequence.
I have no idea what to offer for the whole thing. If you go by the Charlton catalog, the book value is around $4500. I have to realsitic though. Most of the times a note sells for half of what the catalog says it's worth. I don't want to pay $3000 for the collection and only get $2500 once everything resells. What would the best way to go about this be? Thanks.
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
Canada
4944 Posts |
Your best bet will be to do some research on ebay, and determine what similar notes have been selling for lately and base your offer on that. |
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Bedrock of the Community
United States
11951 Posts |
If the current owner does not want to take the time and
find a buyer for each of the notes, then they will end
up taking a lot less.
When I buy something like that, I figure out what a
dealer would give for them, and offer in that range.
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Pillar of the Community
1153 Posts |
A dealer would offer what, 50% of retail? Offer 60% or just a little more than a dealer would offer for the collection.
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Bedrock of the Community
United States
17884 Posts |
Or 40% because you may have to unload a bunch of duplicates to a dealer and you don't want to take a loss either. I'd offer a little more than the dealer would pay if I wanted to keep them all for myself.
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Bedrock of the Community
United States
20753 Posts |
I agree that you should only offer about 50% at the most. You may want to explain to the seller that many of them you do not really want for you collection and would try to resell those. And if you did, you would possibly loose more than all the trouble.
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Valued Member
 Canada
55 Posts |
Thanks for the replies. Should I base the retail value on what the Charlton catalog says or what the completes ebay listings are? I find sometimes the book will say an uncirculated bill is worth $200, but it will sell between $100 and $125 on ebay reguarly. I find the catalogs/books can almost be detrimental in a way because people think the numbers in the book are actual retail values and think you're ripping them off if you don't go near that number. |
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Bedrock of the Community
United States
20753 Posts |
Go by ebay and/or other on line dealers. That way you can print out what things are selling for. And again, that would explain that if you tried to sell any, you would have to pay less in order to even break even. |
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Pillar of the Community
Canada
2781 Posts |
25-30% of charltons OR 50-60% of ebay completed listings (both are probably the same number) |
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Pillar of the Community
Canada
3049 Posts |
You can't buy a note from a book nor can you sell a note to a book.... The books are there as a guide, but they're written 6 months prior to the print date.. they're probably just starting to do final edits for the 2016 ed right now. Go on ebay look at previous sales.... also go on icollector and look at other online auction houses and their completed listings... If that seems like too much work I say to be fair offer 60-70% of book value and that will be fair. |
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Replies: 9 / Views: 1,850 |
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Posted 05/30/2015 06:31 am
