Does anybody collect rare notes / coins?

wesimmo

wesimmo

wesimmo

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My mum just found 100 sequentially numbered £1 notes with the original paper retaining band with the withdrawal date in 1982 hand written on it.

They are in almost perfect condition as far as a layman can tell, they've been kept in a lock box for as long as we know.

Does anybody know if they may be worth anything beyond the obvious £100? I've had a quick google and looked on ebay but this seems quite a rare thing to have.
 
Best bet would be to speak to a specialist dealer - there are a few around if you check on google - some will do coins and banknotes, others just banknotes.

Even though they are in almost perfect condition, a lot of collectors look for uncirculated examples, so you will probably be relying on the sequential part to add any value over and above the face value.
 
I collected coins and notes for years. In my experience they aren't worth as much as one would like to think. That said, it's all about condition/rarity - now, if these are in perfect condition, I think someone would be interested. I would phone up a dealer to get an idea. It sounds quite interesting to me. They will probably undercut you, so I wouldn't run to the first one.

If they give you a figure, you could put them on eBay with a reserve. Collection only may be better for something like this. But up to you. I would hate for something like this to be "lost in the post" even with tracking.
 
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I found a facebook group and someone messaged me to say he thought £1 notes were worth £7-10 individually....

I'll have to look into some dealers and collectors locally and go with her when I'm next down here.
 
The other thing you could do is sell them individually or in batches of 5 or 10. More work, but may be more money overall. You have some options. The fact that they're 100 sequential is nice though. It's an interesting find.
 
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Nice pics, the top note is obviously the most problematic though still very good, probably EF condition. The rest are probably in excellent condition, by the looks of things.

Have a look at this:

Banknote Grading

The International Bank Note Society evolved a system of grading which is used throughout the world although there are other systems, like a points system, that are used by some people. The grading categories used in the Society’s system are listed below, starting with the highest possible...
colin-narbeth.com colin-narbeth.com

I'm sure they are mostly UNC?
 
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Lysander said:
Nice pics, the top note is obviously the most problematic though still very good, probably EF condition. The rest are probably in excellent condition, by the looks of things.

Have a look at this:

Banknote Grading

The International Bank Note Society evolved a system of grading which is used throughout the world although there are other systems, like a points system, that are used by some people. The grading categories used in the Society’s system are listed below, starting with the highest possible...
colin-narbeth.com colin-narbeth.com

I'm sure they are mostly UNC?
Click to expand...

Whilst they look uncirculated the fact that they were withdrawn would make them circulated in a lot of peoples' eyes I imagine
 
JRed said:
Whilst they look uncirculated the fact that they were withdrawn would make them circulated in a lot of peoples' eyes I imagine
Click to expand...

Uncirculated means literally:

never mishandled by the issuing authority, a bank teller, the public or a collector
Click to expand...

Not that they never went into circulation. I mean, you have to get the notes somehow, unless you literally took them from the printing press.

IBNS Grading Standards

International Bank Note Society; a non-profit educational organization aiming to promote, stimulate, and advance the study and knowledge of worldwide banknotes and paper currencies.
www.theibns.org www.theibns.org

I see what you're saying, but it's not about "in most peoples' eyes" it's about the condition as defined by strict grading standards.
 
You should definitely get them professionally valued, notes and coins have different grades, and will effect value
 
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