Auction review: Canadian currency meets expectations at recent World’s Fair of Money

Earlier this month, a selection of Canadian numismatic material was offered by Stack’s Bowers Galleries in a series of auctions held in conjunction with the 2017 ANA World’s Fair of Money in Denver, Co.

Seven lots Canadian coins (Lots 20211-17) were offered on Aug. 1, the Money Fair’s opening day, during part one of the Ancient and World Coins sale.

Among these coins were two $10 gold coins struck by the Royal Mint’s facility in Ottawa (the Ottawa Mint wouldn’t become the Royal Canadian Mint until 1931, when it began reporting to the Department of Finance).

Both examples—Lots 20211 and 20212—are graded Mint State-65 by Professional Coin Grading Service (PCGS). The first example brought $2,702.50 USD (about $3,392 Cdn.), reaching its pre-sale estimate of $2,500 USD. The second example soared even higher, realizing $3,290 USD (about $4,130 Cdn.).

Lot 20212 (shown above) was another 1914 $10 gold coin. Both examples have a grade of MS-65; this piece sold for $4,130.

According to auctioneers, both examples were “sharply struck as would be expected” and “much nicer than normally found either from the reserve hoard or otherwise” with a “light attractive tone in peripheries and excellent eye-appeal.”

CANADIAN CURRENCY

More than 130 lots of Canadian currency (Lots 30092-300127) were offered during Stack’s World Paper Money sale on Aug. 4.

The top highlight of this auction’s Canadian material was Lot 30101, a 1924 $5 Queen Mary banknote issued by the Dominion of Canada (DC-27). The note, which is graded About Uncirculated-50 EPQ (exceptional paper quality) by Paper Money Guaranty (PMG), is one piece that’s “likely missing from many collections,” according to auctioneers.

“While the date shows 1924, it wasn’t printed until 1931. Furthermore, the small quantity printed of 2,000,000 was not released until 1934 and roughly a third of that number actually entered circulation,” reads the auction catalogue.

Lot 30101 was this 1924 $5 Queen Mary banknote issued by the Dominion of Canada (DC-27). It brought more than $17,000.

“Being released in 1934 made this a very short lived series as the 1935 Bank of Canada issues started to circulate with intentions of replacing the Dominion notes of old. Interestingly the engraved calendar date of May 26th coincides with Queen Mary’s birthday.”

This lot sold for $14,100 USD (about $17,000 Cdn.), reaching its pre-sale estimate of $12,500 USD-$17,500 USD.

For more information, visit the Stack’s Bowers website.

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