How does Punch Cancelled Affect Note Value?

3 posts in this topic

I am asking this question in reference to some 1964 Congo Democratic Republic 1000 Franc Notes - P8 - in XF condition.


The notes are nice XF but punch cancelled. The catalog lists these in VF at $50 and Unc at $200. No mention is made of any values for punch cancelled notes. An ebay seller has a punch cancelled Congo Democratic Republic note of this date and type listed at $99. I believe his price reflects the VF20 value x 2 = the XF40 price.


Would the fact these notes are punch cancelled be a reason to discount value and if so how much? If these were your notes how would you price them?




Edited by Widget Fan
Link to comment
Share on other sites

A punched cancelled note is worth way below what a non cancelled note is worth. 50% or more depending on the cancellation. However there are exceptions...... some notes are not or rarely available in an uncancelled note. If I were you unless it is an extremely rare note I would leave it alone.

Link to comment
Share on other sites

I myself have a note of this type still available.


The punch cancelled notes of the type you mentioned are almost always encountered in UNC condition.


The value oscillates between US$5 and US$50 per note over the years that I have been following the item, tending towards the middle of the range.


You will be able to find this note from time-to-time on EBay, especially some of the European sites.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now