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 Replies: 7 / Views: 1,420 |
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Pillar of the Community
Canada
2588 Posts |
I'm new to collecting world banknotes.
I'm just curious if anyone knows why sellers put a premium on the first prefix? It has never mattered whether one collects a first* or last prefix (just change-overs/short prefixes) in most collectors' circles here in Canada- and yet I noticed this phenomenon with world note collectors.
(*with the obvious exceptions when the initial prefixes were short - such as in 1937 when Osborne/Towers was replaced with the Gordon/Towers signature change-over but all 5 prefixes hold equal elevated BV)
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Pillar of the Community
Canada
586 Posts |
From what I know why some prefix's are more valuable then others is the amount notes printed. Some Prefix's are replacement notes and so there are less of them around, which makes them scares or hard to find.
But if special serial numbers is not your thing, then I guess it has no extra value to you. But to those that love the rarities, they are like candy to toddlers.
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Pillar of the Community
United States
742 Posts |
Usually, it is just a matter of perception that these will be scarcer and are more desirable.
I have seen this with the new issues from the UK. When the new 10 pound note was issued those that stood in line at the Bank of England to get the new notes were disappointed to see the notes they received were AE and not AA block.
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Pillar of the Community
United States
992 Posts |
It's my take on these that any premium on AA prefixes, say, is put there by the sellers, and not too many buyers. I have a hard time believing that modern notes printed in the millions will see much of a premium for any particular run, unless there is a decidedly smaller quantity involved.
Given a choice of UNC notes, I'll take the earlier prefix, too, but hold no real belief I'm gaining anything by doing so. Let's face it, modern world notes are not going to see large premiums, there's just too many off them out there.
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Pillar of the Community
United States
3402 Posts |
Everbody tries to hard sell the "FIRST" of anything. You even get "coins" (ie. ATB 5 ozs.) graded that were the first strikes. People believe that they are more valuable. KK |
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Pillar of the Community
 Canada
2588 Posts |
Thanks for all your posted opinions. Re: U.K. notes: Quote:
When the new 10 pound note was issued those that stood in line at the Bank of England to get the new notes were disappointed to see the notes they received were AE and not AA block. - I have noticed that the hype around first prefixes is especially rampant from UK (or UK influenced sellers). It just makes no sense to me. Quote:
But if special serial numbers is not your thing, then I guess it has no extra value to you. - on the contrary, I'm quite attracted to special serial numbers other than Specimen- which are typically all 0's & in my mind an over-inflated tax grab by a country's bank -since they never were meant for circulation (but I digress!) I am even more drawn to acquire short prefixes, rare change-overs and "good-overs" & have acquired a few errors (though that's not my thing). I have also collected many replacements but I'm still inclined towards the first 3 types of notes. I'm just finding it a bit of a challenge to identify/acquire some of the rarer/scarcer world notes. Many dealers seem to be putting "rare" on many of their listings with nothing to back it up what their print run/why (like over-grading IMO) If anyone knows of a good reference guide- please feel free to share! |
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Pillar of the Community
United States
3402 Posts |
Many of the one country catalogs, such as Rennick's for Aussie notes and Token Publishing's Banknote Yearbook (GB) list prefixes. US specific catalogs list rare Blocks. I'll have to check my NZ catalog and see if they do. My Charlton Canadian also list separate prefix entries. I'm guessing most country catalogs do.
KK
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Pillar of the Community
Canada
2588 Posts |
Thanks KK (I will look to Rennick's & Token Publishing's Banknote Yearbook).
W2W
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Replies: 7 / Views: 1,420 |
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Posted 07/18/2018 11:21 am
