Anyone Collect And Or Trade Modern Replacement Notes

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Author	Replies: 9 / Views: 1,675
friedsquid Valued Member Canada 116 Posts	Posted 06/04/2018 9:32 pm Just wondering if any members trade and/or collect modern day replacement notes in the Journey and/or Frontier series? Report this Post to the Staff

ItsDaBunnyYT New Member 35 Posts	Posted 06/05/2018 08:25 am I wouldn't imagine many people do, for a few reasons. Let us limit and size down the world population. It is very interesting that you do (if you do) and it would most likely be very unique. HEre is why 1.Ian Russell of GreatCollections estimated there are 10 million coin collectors in the U.S. on Larry King Now... Most Amerians dont collect canadian currency and they make up most numismatists. 2. There aren't as many rare canadian notes as there are american 3. Canadian notes are unpopular in general 4. I'm guessing most people who collect them are in canada 5. Canada has a population of about 35 Million, most not collecting their currency 6. Most numismatists proabably dont. Report this Post to the Staff
friedsquid Valued Member Canada 116 Posts	Posted 06/05/2018 10:29 am Quote: I wouldn't imagine many people do, for a few reasons. Let us limit and size down the world population. I understand what you are saying however I am not interested in the world population.. What I am interested in is this forum as I assume the majority of members here collect some type of Canadian currency as this is a Canadian money forum. In the now defunct CPMS forum there were a number of collectors and I see some joined this new forum so it is likely some of these individuals do collect a variety of notes which some may be replacements I personally have a number of collectors that I trade with as well as buyers that I have been selling to on a regular basis for well over a two decades As a bricker I have found the best way to increase your collection without paying the market price is to trade amongst others ...It is amazing to watch your collection grow in quality and value without paying buyers fees through auctions or ebay fees etc. Hopefully this clarifies what I was trying to get at. Report this Post to the Staff
Hounddog Bill Pillar of the Community Canada 1223 Posts	Posted 06/05/2018 2:19 pm I can't say I collect them but I do keep those that I come across and I have a few. I certainly don't buy any as I believe there were just to many flaws in the system that was used to identify them as replacements. There are many collectors that believe it's just a scam. Cheers, Bill Report this Post to the Staff
papeldog Pillar of the Community Canada 1923 Posts	Posted 06/05/2018 2:38 pm I have a few in the Journey $10.00 notes but I lost interest in them after they got rid of the 3rd letter X as identifying the replacement notes. I find that they are already out in circulation before a person knows what to look for or collect no way of telling what to put aside anymore, then the big prices take over if you want one you have to pay the price. I lost interest fast and sold most all my notes Report this Post to the Staff
friedsquid Valued Member Canada 116 Posts	Posted 06/05/2018 3:50 pm Quote: I certainly don't buy any as I believe there were just to many flaws in the system that was used to identify them as replacements. There are many collectors that believe it's just a scam. You made the comment that there are too many flaws in the.system. Can you explain what flaws and how you come to this conclusion? As for many collectors believing it's a scam, once again can you back up your comment? Report this Post to the Staff
friedsquid Valued Member Canada 116 Posts	Posted 06/05/2018 4:02 pm Quote: I find that they are already out in circulation before a person knows what to look for or collect no way of telling what to put aside anymore, then the big prices take over if you want one you have to pay the price. Unfortunately if you are not in the loop or do not make an effort to find out what is being looked for you are kind of out in the cold, but the information was out there and available On the forum anytime a replacement was found by a member you could see exactly what was being found as soon as the first one was discovered It was also the time when one realized what replacements were sheet replacemnts and what were SNR's Single Note Replacements The fact is that the confirmation process only allowed brickers that found notes in new sealed uncirculated virgin brickes to be considered A collector getting a bundle could never have a note confirmed as it could be tampered with once out of the brick As to high prices rarity and demand always plays an important role and sometimes if only a few notes were found the demand out weighed the supply The problem with X notes or asterisk notes so many were kept by not only collectors but bank employees because theu were so easy to spot and they got pulled and socked away The problem being that so many dealers have vast supllies of these replacements and still demand high prices which I believe are not always justified but they dont want their stock to devaluate so the prices stay high The bottom line is that there are many modern day replacemant notes that are more rare and difficult to find than earlier issues...it's just a matter of what people want to collect and knowing the value of a certain note Report this Post to the Staff
papeldog Pillar of the Community Canada 1923 Posts	Posted 06/05/2018 4:24 pm I totally agree with your comments friedsquid and how and why the market changed but it seems that the little collector has been squeezed out of the note market and its become a rich mans market of collecting treasured notes. At least with the old system everyone had a better opportunity to find said notes. Only my way of seeing the same story Happy Hunting Report this Post to the Staff
friedsquid Valued Member Canada 116 Posts	Posted 06/05/2018 4:44 pm Quote: I totally agree with your comments friedsquid and how and why the market changed but it seems that the little collector has been squeezed out of the note market and its become a rich mans market of collecting treasured notes. At least with the old system everyone had a better opportunity to find said notes. Only my way of seeing the same story Happy Hunting I do understand what you are saying and unfortunately I too find that many notes are now and always will be out of my reach but the fact is that sometimes you can still find that hidden treasure as long as you know what to look for. I know many collectors that go through circulated notes and some how found some truly amazing stuff where even in circulation that have worth far above face value. Flea markets, garage sales, estate sales are great places to look...the bottom line is that not all people who sell notes know their real value..and anything over face value is a profit from their point of view It is no different that coin collectors hunting through rolls when nickel prices where high many years back you could get almost triple your face value I would go through literally thousands of boxes of rolls not only did I make money on selling for nickel value I found plenty of other neat coins as well as US nickles and even silver nickels... There is always something out there if you look hard enough Report this Post to the Staff
Hounddog Bill Pillar of the Community Canada 1223 Posts	Posted 06/05/2018 5:30 pm " You made the comment that there are too many flaws in the.system. Can you explain what flaws and how you come to this conclusion? " " As for many collectors believing it's a scam, once again can you back up your comment? " Not sure I want to go the route of explaining the pitfalls in the system that could turn ugly but I've talked personally to a couple of brickers that became so frustrated with the system they gave up searching bricks altogether. I also know several collectors I have supplied notes to that collect every prefix that comes out from $5's right up to the $100's and they have no interest in any modern insert replacement if it cost them any more then a regular note. Again of all the note collectors I know personally which is quite a few not one collects modern day replacements. It may be better if you explained the process that was used and in that way there will be no misinformation entered onto the site. Has the BOC confirmed these findings? I don't believe I used the right word when I said scam and didn't mean to imply deceit, for that I apologize. It's more a lack of understanding and confidence in the system. Take ten "asterisk" or "X" notes and ten modern insert replacements to a show and try selling them to a dealer you'll sell the asterisk notes but there will be very little interest if any in the inserts. Believe me I wish it was different but I tried selling inserts to dealers at two coin Expos and not one was interested at any premium. They all said they just don't sell. One dealer explained it's like the thousand dollar notes they sit to long and they want turnover. Cheers, Bill Report this Post to the Staff
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