1937 low serial number note brings nearly $30K

A 1937 Series $1,000 banknote (BC-28) issued as part of the Bank of Canada’s second issue brought $22,800 US (about $29,500 Cdn.) including buyer’s premium at auction this September.

Described by auctioneers as a “charming” note in Professional Coin Grading Service (PCGS) Gem New 65PPQ (premium paper quality), this example features a low serial number of “0000100” out of a total printing of just 15,000 for the denomination.

“The PCGS statistics tell us that they have graded only one example equal and none higher. This is also the nicest BC-28 to grace our auctions in over four years,” reads the catalogue for the Sept. 6-10 Long Beach Expo World Currency Signature Auction. “It is positively a winner of a note in all aspects.”

The note was one of 200 lots of Canadian currency offered during the Heritage Auctions’ sale this September.

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