Considered a ‘rarity among rarities’, a 1925 Dominion of Canada $500 banknote generated spirited bidding realizing $259,600 at Colonial Acres Spring Premier Numismatic Auction. With a presale estimate of $100,000, the $500 banknote (DC-28) bears the third-lowest serial number on record and, according to Colonial Acres, has never been offered up at auction. Certified by Banknote Certification Service (BCS) as Very Fine- 25, the banknote is just one of eight known to exist in the Canadian Paper Money Society Note Registry. Auctioneer Kirk Parsons said Lot 1065 generated much interest from bidders and collectors who witnessed the live auction in conjunction with the National Postage Stamp and Coin Show in Mississauga, Ont. Continue reading →
On the record as the third-lowest serial number, the 1925 Dominion of Canada $500 banknote sold for $259,600 as Lot 1065 at the Colonial Acres Spring Premier Numismatic Auction.
