Market Value

Hi maycj,

I am not into note collecting but there are many helpful members here that are willing to help.

Just wanted to say to CCF

Referring to the Krause World Paper Money catalogue, as with their coin catalogue, the values shown are the result of a collection of information from assorted dealers/experience collectors around the world who are seen as the most knowledgeable about a specific countries currency. Krause reputedly has a "panel" of such experts for all bank notes. The number of members on the panel can vary from 0 to several, depending on the historical interest in a specific countries bank notes. Krause does not give any information on the members of any particular panel. The panel members are asked to annually submit updated information on all notes, old and new, from a specific country plus their read on the prevailing "market value" of all the referenced notes found in Krause's catalogues. In the case of a large panel, Krause will combine the collected information and come up with what they deem to be a reasonable market value for any given note. I would call these values "retail" as almost no dealers will pay the prices shown in the catalogue unless they know of any anomalies in values shown. Values can be all over the parking lot so one should not be surprised at a wide variance from auction values. For more popular and widely traded notes the values are usually close to the actual market. For obscure notes the values can be way off the mark which usually means that Krause does not have any specific recognized expert periodically submitting information. The coin and bank note catalogues are still the best reference point for dealers and collectors around the world who can not begin to have up-to-date information on the multitude of notes issued in the past and even today by every country.