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1937 $20 Coyne Towers Prefix L/E

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Valued Member

Canada
320 Posts
 Posted 02/07/2024  1:30 pm Show Profile   Bookmark this topic Add Canada67 to your friends list Get a Link to this Message Number of Subscribers
I have opportunity to purchase a number of 1937 notes, all of them are the Coyne Towers $20 denomination with the L/E prefix. I believe the notes are in sequential order and are in AU to UNC condition, for the most part.
My question is this. How collectable are these notes and is the Charlton pricing guide accurate? I have done some research into realized prices on the internet and there isn't a whole lot of information on sold prices for the L/E prefix.
The Charlton catalogue indicates that there were 1,416,000 of these notes issued. I wouldn't consider this a short run, but it is less than the Osborne Towers prefix, which is highly collectible.
Any advice on this would be appreciated.
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 02/07/2024  5:24 pm  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
#1) you cannot compare the last Coyne Towers L/E prefix with the first A/E prefix with the short Osborne Towers signature. There are many more World collectors who seek first prefixes & the prefix was in use for 17 years while the L/E prefix was at the end of the 1937 series (likely came out in 1953) & were probably stashed away in SDB in runs (like the ones you're considering). Whenever one series ends people tend to hoard the last of that series.
#2) Sequential runs are a coin collector's thing (I guess) as I constantly see comments about the way notes are issued. There's very little fanfare (premiums paid) for sequential serial #s by most paper $ collectors I know since that's the way they come (unless errors, special # or some other significance)
#3) Yes, they're collectible (esp if they're truly AU or UNC) & have not been processed (flattened). Hopefully they've been stored properly & there's no issues.
#4) Charlton is a guide which provides a ballpark figure. There can be many factors which influence how much the note will sell for. I usually look for a discount when I buy multiple notes (& would only want consecutive if they're from a tough signature like Osborne, etc).

Good luck & let us know how it goes (post pictures if you decide to buy).
Valued Member
Canada
320 Posts
 Posted 02/09/2024  1:13 pm  Show Profile   Bookmark this reply Add Canada67 to your friends list Get a Link to this Reply

Quote:
#1) you cannot compare the last Coyne Towers L/E prefix with the first A/E prefix with the short Osborne Towers signature. There are many more World collectors who seek first prefixes & the prefix was in use for 17 years while the L/E prefix was at the end of the 1937 series (likely came out in 1953) & were probably stashed away in SDB in runs (like the ones you're considering). Whenever one series ends people tend to hoard the last of that series.
#2) Sequential runs are a coin collector's thing (I guess) as I constantly see comments about the way notes are issued. There's very little fanfare (premiums paid) for sequential serial #s by most paper $ collectors I know since that's the way they come (unless errors, special # or some other significance)
#3) Yes, they're collectible (esp if they're truly AU or UNC) & have not been processed (flattened). Hopefully they've been stored properly & there's no issues.
#4) Charlton is a guide which provides a ballpark figure. There can be many factors which influence how much the note will sell for. I usually look for a discount when I buy multiple notes (& would only want consecutive if they're from a tough signature like Osborne, etc).


Thanks for the advice walk2dwater. I appreciate your advice!


Quote:
Good luck & let us know how it goes (post pictures if you decide to buy).


Will do!
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