Paper Money Serial Number Pricing Guide

seriously, I was looking at the hoard coins and they have reached max value already. I love this auctions booklet tho, very nice.

Auction is tonight. Current winning bid is $1500 + premium and tax to be added. Yikes!

I would stay away from most of the rare (desirable) notes on that auction site. Try to find another way to purchase notes your interested in.

As I eluded to in a few posts on the former CPMF; it seems to attract far too many clueless people with deep pockets. I started looking at some of their rare coins & RCM products and the same can be said for those (often estimates are extremely liberal).

However, having stated that, sometimes the rules can be thrown out the window (a little) for: solids, errors, 1935 $25/$20, some Devil's Face, and 1937 Osborne notes. Its perfectly understandable for the solid radars, 35's & Osborne notes as they're all hard to find in original condition but the catalogue is pretty generous with these too (so don't go anything 10% above book). Devil Face notes are not that rare, and unless a special number, don't go over book. Errors, devils and solids can be extremely popular & collected by non-collectors (thus the crazy prices). Avoid getting into that.

It really is pointless to get into a bidding war on an auction site that charges 18%. The $100 solid 8 went for double what it should have gone for so the winner will need to keep it for about a decade (or more) to recover his/her costs. I know several avid radar collectors who wouldn't even give that note a look because its too high denomination.

Yes, exactly, and think of all the collectors who don't buy any note that is in less than UNC! So- WAAAY overpriced IMO. If you're going to pay around $1000 for a note you should inspect it yourself (or it should be graded original/EPQ from respected TPG).

And keep in mind (from posts/comments on Third Party Grading or TPG we saw recently on the former CPMF) that there are a lot of notes out there labelled as UNC (witn no EPQ or Orignial) designation. These are pressed (or slightly processed) notes that are graded as UNC (not to mention the ones the auction houses are calling "uncirculated") when it is ORIGINAL Uncirculated that the Book Value refers to (& majority of collectors are searching for).

New website. jandmcoins.com (Thanks for the info.)

*** Edited by Staff to add Quote tags. Please use them in the future. ***

As a collector of Canadian Banknotes for almost 50 years and bricking for over 30 years I can tell you that finding low serial numbers in Unc or better condition is difficult to say the least.
Personally, I feel that low serial numbers are under valued in the CHarlton catalogue, but this is my opinion
For example, a $5 radar (Journey Series) is priced at $45 and a low serial # under 999 is $55...
There is never a difficulty in finding radar notes on ebay, at dealers tables or elsewhere, yet try to find low numbers it is much more difficult
As far a # 1 notes go I collect them, but have always been fortunate to find them at face value through bricking, as well as solids etc. but having sold a few #1's I always get much more than catalogue prices.
The bottom line is that there are not many collectors looking specifically for these notes, but those that do realize there worth and are willing to pay top dollar...the other thing I have noticed that it is more often the case that once a so called "throphy" note makes it in to ones collection they rarely appear on the market for a long time, if at all.

I will add that the above statements to be true on rarity of low and solids in EPQ or PPQ grade. I search daily and find these notes often but in low grade and some ungraded. Because of these values I am surprised we don't see many forgeries of these notes. Maybe because, the eye will look harder when a serial number as a solid or low is present, so the forgoers stick with mixed numbers in the SN's.