First issued example of Bank of Hamilton note expected to bring at least $10K

The first known issued example of the Bank of Hamilton’s 1887 $5 note (Charlton 345-12-02) is among 32 lots of Canadian paper money crossing the block during this October’s Paper Money Fair sale.

Certified as Very Fine-20 by Paper Money Guaranty and dated March 1, 1887, the note is offered as Lot 28100 by Heritage Auctions, whose representatives believe it “will generate serious excitement among dedicated Canadian collectors.” The seventh edition of the Charlton Standard Catalogue of Canadian Government Paper Money describes the design as having “no known issued notes.”

“There are no known sales of this type in any format,” added auctioneers. “Interestingly, this note is dated March of 1887, and a totally different design for the same issue is known, which dates December of 1887. Therefore, this type must have had a short issuance, which is evidenced by the small serial number on this note. Despite circulation, all design elements are bright and clear, which includes the manuscript signature at left. Curiously, the handwritten and stamped signature appears to be that of the same person—John Stuart. It appears that during this era, Stuart was both the bank president and either its main cashier or one of the cashiers that signed the banknotes, which is quite an anomaly.”

Described by Heritage as “one of the most impressive and unique banknotes we have ever had the privilege to offer,” it opens with a bid of $5,000 US (about $6,300 Cdn.).

Leave a Reply

Canadian Coin News


Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $59.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.