2019-08-27 Tue

A rare 1911 silver dollar from Canada was sold by Heritage Auctions for $552,000 (including buyer’s fee) on 15th August at the ANA World’s Fair of Money in Rosemont against an estimated value of $500,000. The buyers were pleasantly surprised as they thought that the final bid would be much higher. It was a part of George Hans Cook Collection of Canadian coins, that was put together over a period of 25 years.

The 1911 dollar is extremely popular among coin lovers from Canada. It features a portrait of George V and was a part of the Sid and Alicia Belzberg Collection earlier. Heritage Auctions has offered the coin for the second time. It is currently graded Specimen 64 by PCGS. It was graded Specimen 65 by PCGS in 2003 when it was sold for $690,000.

Another example of the same coin was bought on loan from the Royal Mint Museum and is displayed as a part of the National Currency Collection in Ottawa along with a unique example in lead. These are pattern coins as they were not produced for circulation. All three examples were issued in London. The dies were manufactured at the Royal Mint and were sent to Canada after the coins were struck.

Image Courtesy: Heritage Auctions