Paper money highlights Fall Coin Expo auction

Lot 1522 was an 1885 $1 note issued by the Peoples Bank of New Brunswick. It sold for $18,000.

Canadian paper money continued to show its vitality with the final instalment of the Covered Bridge Collection offered by New Brunswick’s Geoffrey Bell Auctions this September. “The final instalment of the Covered Bridge Collection was successful but proved that the paper money market, although healthy, has become rather saturated with the offerings this year,” said auctioneer Brian Bell, who also owns The Coin Cabinet in Moncton, N.B. “I think we've touched the year-highs on most product and expect a bit of softness over the next quarter, or until people have caught up with the purchasing they've made over the last six months. There were few surprises; most notes sold for fair market value, some a little more, some a little less.” Among the top trophy note highlights was Lot 1328, a French 1935 Series $50 note (BC-14) in Paper Money Guaranty (PMG) Choice Uncirculated-64 EPQ (exceptional paper quality). Rarely offered in such a high grade, this example realized $18,500. (All prices listed do not include buyer’s premium.) Continue reading →

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