A 105-year-old “train note” issued by Canada in 1912 is slated to highlight one of three sales being hosted by Stack’s this week.
Live bidding for today’s ancient coins auction will begin at noon EST (9 a.m. PST) followed by the world currency auction at 2 p.m. (11 a.m. PST). Tomorrow, a 993-lot world coins auction will see live bidding begin at noon EST. Each of these Collector’s Choice sales will close with a live auctioneer at Stack’s Santa Ana office; however, bids have been accepted since May 3.
105-YEAR-OLD ‘TRAIN NOTE’
Lot 71029 is the $5 note (DC-21c) issued in 1912 by the Dominion of Canada. This Series “B” note—with no seal and a serial number reading “465065”—was given a grade of Gem New-65 PPQ (premium paper quality) by Professional Coin Grading Service. It has a pre-sale estimate of $6,500-$8,500 USD ($8,850-$11,575 Cdn.).
According to auctioneers, these aptly named “train notes” are among the most sought-after, large-size Canadian designs. Noted on both the obverse and reverse is “stunning” blue colour and “intricate detail.”
The note’s obverse depicts a portrait of a steam train in Wentworth Valley, N.S.
Earlier this year, at the February 2017 Torex Auction hosted by The Canadian Numismatic Co., another Series B DC-21c note realized $8,625 Cdn. (including buyer’s premium) as Lot 376. It had a grade of PCGS Uncirculated-66 PPQ.
The following lot of the same 2017 Torex Auction was another Series B DC-21c, this with a grade of Uncirculated-64 EPQ (exceptional paper quality) by Paper Money Guaranty. It brought $5,347.50 Cdn. (including buyer’s premium).