This February, a 117-year-old banknote issued by the Dominion of Canada highlighted a five-session sale hosted by The Canadian Numismatic Company (TCNC) at Torex. Lot 364 of the February 2017 Torex Auction Sale was a $4 Dominion of Canada note (DC-16) issued in 1900. According to auctioneers, another example graded Gem Uncirculated-65 by Canadian Coin Certification Service (CCCS) previously sold for more than $40,000. Lot 364 sold on Feb. 24 for $51,750 after a starting bid of $35,000. Its pre-sale estimate was $60,000-$80,000. “Due to the increased volume of consignments, the sale was composed of five sessions, including a pre- and post-Torex sale to better manage the sheer volume of material to be sold,” said auctioneer Marc Verret, who added the first three sessions included more than 700 lots a piece. “Overall, the results were quite positive and the auction attendance and the registered internet bidders were strong throughout,” he added. “We thank all the participants, consignors and buyers and look forward to our next sales.” Continue reading →
Lot 364 was this $4 note issued by the Dominion of Canada (DC-16) in 1900. It sold for $51,750 after a starting bid of $35,000 at the February 2017 Torex Auction Sale. (Photo by TCNC)
