A 1911 Weyburn Security Bank $10 note, “hiding in a collector’s possession for many decades,” will make its public debut at Colonial Acres’ Spring Premier Numismatic Auction. “This note is pretty special considering it has not been auctioned before and has not been listed in the Canadian Paper Money Society (CPMS) registry, either,” says co-auctioneer Todd Sandham. “This note has been hiding in a collector’s possession for many decades and is now finally seeing the light and will hopefully find a new home with another avid collector.” According to Wikipedia, “The Weyburn Security Bank was a chartered bank headquartered in Weyburn, Sask. The bank was established by a group of American investors as a private bank in 1910; by 1911 the bank had advanced to the point where it obtained a Canadian bank charter. Over its 30 years of operation, the bank expanded to having assets of $6 million and serving 33 communities. Due to the onset of the Great Depression, in May 1931 the bank was purchased by the Imperial Bank of Canada (now known as the Canadian Imperial Bank of Commerce).” Continue reading →
Colonial Acres describes this 1911 $10 Weyburn Security Bank note (Lot 987) as ‘among the top graded examples available for public purchase.’ The banknote is making its auction debut at the April 5-6 Spring Premier Numismatic Auction.
