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 Replies: 12 / Views: 2,010 |
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Valued Member
Canada
135 Posts |
Hi, Just wondering how a certification error affects the value of a bill. Seems like an honest mixup was done on this bill (human error) as this is certainly not a Beattie Rasminsky. To err is human and I'm not asking what to do with the bill, I'm just curious to see, if I were to sell the bill as is, if the value would be negatively affected, remain as is or go up. Thanks Coin Community    Edited by upc239
02/02/2019 1:03 pm
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Pillar of the Community
Canada
1192 Posts |
Did you get that note certified yourself?
To be honest, I'd suspect a tampered holder. I am having a very hard time believing that Louis graded that one AU50.
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Valued Member
 Canada
135 Posts |
Look at the signature on the holder and the signature on the bill. Honest mistake between 2 bills. Just curious how this affects value. I'm sure ICCS, makes mistakes as well.
Edited by upc239
02/02/2019 1:05 pm
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Pillar of the Community
Canada
2578 Posts |
Quote:
Did you get that note certified yourself?
To be honest, I'd suspect a tampered holder. I am having a very hard time believing that Louis graded that one AU50. - I get "Pokermandude's" question because, call it what you will, but the note looks nothing like an AU (maybe a VF) which just makes any regular collector scratch his (or her) head. Personally, I think its a bit of a pickle because the note is a Devil's Face and highly over graded (in that mislabelled holder) none of which will do the note (nor resale) justice. So, to answer your question, I'd say that the mislabelling could negatively impact your resale. So you have to choose 1 of 3 options: keep it as is and resell (hoping someone will ignore the mistaken grade and mistaken label on the holder) or 2) call up CCCS and ask them to re-slab it properly (& pay for whatever costs involved) or 3) cut it out of the holder and submit it to some other TPG -just be aware that with the last 2 options it will likely go down about 2 grades |
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Pillar of the Community
Canada
2984 Posts |
I think grading affects the resale value more than the mislabelled signature. The note is clearly not an AU, obvious to everyone. People pay for the grading, not an error in labelling. So anyone buying it will not pay an AU price for a VF note.
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Valued Member
Canada
135 Posts |
I agree. I would never sell this or claim this is an AU. I would make it clear that this was a labelling error.
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Pillar of the Community
Canada
2578 Posts |
I would most definitely keep this note (in the CCCS holder) as it illustrates just how important correct labelling is.
What is interesting is that the note is a BC-34a (Coyne/Towers Devil's Face) which should be a very popular/rare note. It had a run of 1,440,000
Today's BV for BC-34a in VF =$180 (the reason the BV is so high is because the DF's are so popular/ i.e. demand)
But CCCS mislabel it as BC-42b (Modified Beattie/Rasminski) which had a run of only 508,000 and is far rarer/tougher to find. I recall the scarcity of this note being discussed on a thread at the CPMF and not 1 collector claiming to own one!
It's BV in VF =$225 (this is only $45 more than the DF & is exceptionally scarce, so modest BV suggest its just not as popular)
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Pillar of the Community
Canada
1192 Posts |
Thinking about it again, most likely explanation is that Louis had a brain fart and put the wrong note in the wrong holder.
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Pillar of the Community
Canada
2984 Posts |
Quote:
Thinking about it again, most likely explanation is that Louis had a brain fart and put the wrong note in the wrong holder.
6276matthew on eBay No that can't be the explanation because the serial number of the note matches the serial number on the holder. Serial No. of bill is A/H0116656. Serial no. on holder is A/H0116656. The same. |
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Valued Member
Canada
499 Posts |
According to CCCS Certification Database, the information for the coin/bill specified is as follow :
ID No 0058215
Date 1954
Denomination 50 Dollars
Country Canada
Variety Changeover
Grade AU-50
Charlton No BC-42b
Serial A/H0116656
Signatures Beattie Rasminsky
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Valued Member
Canada
135 Posts |
I think the easiest, less hassle way for me to sell this is to take it out of the holder and sell it on its own as a VF.
Thanks everyone.
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Bedrock of the Community
Canada
21616 Posts |
I would just cut the top off and then it is
still in a nice holder without desturbing it.
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Valued Member
Canada
104 Posts |
I think the best thing to do ,call Louis to correct the error, anyway you can not sell that note with this description .
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Replies: 12 / Views: 2,010 |
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Posted 02/02/2019 12:21 pm
