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Uncommon Canadian note brings $22,800

Canadian rarities proved popular at Heritage’s CSNS World Currency Signature Auction held April 26-30 in Chicago.

Prices realized were headed by a charming French text, Canadian commemorative $25 of 1935. This is the note with vignettes of King George V & Queen Mary in their coronation robes (P-15). Not only did it come graded a highly desirable PCGS Choice About New 58PPQ, it also sported serial number F000008.

 Highly-collectible French text, Canadian $25 issued in 1935 showing King George V and Queen Mary in their coronation robes. In PCGS Choice About New 58PPQ and with serial F000008, it realized $22,800. (Image courtesy and © Heritage Auctions, www.ha.com)

Highly-collectible French text, Canadian $25 issued in 1935 showing King George V and Queen Mary in their coronation robes. In PCGS Choice About New 58PPQ and with serial F000008, it realized $22,800. (Image courtesy and © Heritage Auctions, www.ha.com)

Given that most low serials of this issue are in the Bank of Canada’s Currency Museum, it was unsurprising when the note was bid up to $22,800. Even so, that price could be regarded by many collectors as something of a steal.

A scarce “Devil’s Face” $1,000, P-73, was not all that far back in the field. Just 30,000 of these were printed, and given the note’s PMG Choice Uncirculated 63 condition, it had little problem in reaching $19,200.

 Scarce Australian £5, ND (1949-54), P-31s, with serial TA51 000001 i.e. SPECIMEN has been overprinted on a note originally intended for circulation. It proved a steal at $21,600 in PCGS Choice New 63. (Image courtesy and © Heritage Auctions, www.ha.com)

Scarce Australian £5, ND (1949-54), P-31s, with serial TA51 000001 i.e. SPECIMEN has been overprinted on a note originally intended for circulation. It proved a steal at $21,600 in PCGS Choice New 63. (Image courtesy and © Heritage Auctions, www.ha.com)

Sandwiched between the two Canadian pieces, pricewise, was an Australian rarity: a Commonwealth £5 specimen, ND (1949-54), P-31s. Unlike most other specimens of this issue, which have all zero serials, that on offer sported serial TA51 000001. Graded PCGS Choice New 63, it took $21,600.

That price would seem to be a bargain. Heritage sold a similar example in 2015 for $40,000, and two current Australian catalogs price this particular note at $45,000 and $100,000.

Other high rollers included:

• India, 50 rupees (1930), Cawnpore, P-9e, PMG Very Fine 30: $14,400;

• Iceland, 50 kronur 1904, P-12, PMG Very Fine 25 Net: $10,800;

• Spain, 500 pesetas 1.10.1886, P-37, PMG Choice Very Fine 35 Net: $10,800.

 One of only 25 printed WWII British Military Authority £1 notes with BULGARIA overprint (P-M6b; S-B-306c). In PMG About Uncirculated 53, it saw $9,600. ((Image courtesy and © Heritage Auctions, www.ha.com)

One of only 25 printed WWII British Military Authority £1 notes with BULGARIA overprint (P-M6b; S-B-306c). In PMG About Uncirculated 53, it saw $9,600. ((Image courtesy and © Heritage Auctions, www.ha.com)

And for the military girls and boys, there was a hard-to-find-but-worth-the-effort GB BMA £1 ND (1943-45) with BULGARIA overprint and serial number 39Z 000008 (P-M6b; S-B-306c). In PMG About Uncirculated 53, it fetched $9,600.

Full lot descriptions and prices-realized can be found online at www.ha.com.

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More Collecting Resources

• Order the Standard Catalog of World Paper Money, General Issues to learn about circulating paper money from 14th century China to the mid 20th century.

• When it comes to specialized world paper money issues, nothing can top the Standard Catalog of World Paper Money, Specialized Issues.