Stack’s Bowers Paper Money Auction Highlights

01 Jan 2019  Tue

Stack’s Bowers Galleries is going to auction several interesting banknotes on 11th January at NYINC. One of the highlights is a PMG Gem Uncirculated 66 Exceptional Paper Quality Dominion of Canada 1898 $1 note which will be offered at a starting bid of $12,000. It’s the finest known example of this type. The vignette on the obverse depicts a few working lumberjacks along with portraits of the Earl and Countess of Aberdeen.

Another highlight is an 1870 $2 Dominion of Canada note featuring an Indian seated on a bluff and a steam train running below. The note also depicts portraits of Gen. James Wolfe and Gen. Louis-Joseph de Montcalm. Gen. James Wolfe had led the British army to capture Quebec from the French in 1759. Gen. Louis-Joseph de Montcalm was the commander of French forces in North America during the French and Indian War from 1756. He was ultimately killed in 1759 during a war. The offered note is graded PMG Very Good 10. Only two other examples of this type are found in higher grades. The note will be offered with an estimated value of $5,000.

A rare 1907 Imperial Bank of Canada $50 punch-cancelled specimen, graded PMG AU 53, featuring the wife of King Edward VII, Queen Alexandra, is offered at an estimated value of $6,000 to $8,000. Two rare $1,000 notes with consecutive serial numbers issued in 1935 by Bank of Canada will also be up for sale. The finest known 1920 $1 Treasury note from Newfoundland, graded PCGS Currency Gem New 66 Premium Paper Quality, will be offered at an estimated value of $20,000. These notes were issued due to a shortage of silver coins. Experts believe that only 1 per cent of the print run exists today. High-grade specimens and proofs of Brazilian paper money from the 1860s to 1890s are being offered as well. 2 rare Straits Settlements $100 notes from 1916 and 1925 are being offered for an estimated value of $20,000 each. Graded Very Fine, both the uniface notes depict a portrait of King George V and a tiger.

Two notes from Rwanda-Burundi union are going to be offered. One of them is a 500-franc note dated 15.05.61, graded PMG Gem Uncirculated 65, featuring a rhinoceros on the obverse. Out of the 6 notes of this type graded by PMG, this one is the finest. The other one is a 1,000-franc note dated 31.07.62, graded PMG Choice Uncirculated 64, featuring a zebra on the obverse. Both notes belong to the same series and the 1,000-franc note is the highest denomination of the series. Out of the five examples of this type graded by PMG, the offered one is the finest.

Image Courtesy: Stack’s Bowers Galleries

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