1911, 1935 $500 notes set new records in TCNC sale

A 1911 $500 note (shown) and 1935 $500 note each set new world records this June, selling for $528,750 and $337,812.50, respectively (including buyer’s premium). Both realizations are the highest prices paid for their respective issues.

Even exceeding auctioneers’ expectations, a pair of sought-after $500 banknotes set world records as they drew spirited bidding during this June’s Prominence Sale IV. A 1911 $500 bill (DC-19) crossed the block for $528,750 after 15 bidders put their hats in the ring to own what auctioneers described as the “holy grail” of Dominion of Canada banknotes. The same denomination from the Bank of Canada’s inaugural 1935 Series (BC-17) brought $337,812.50, with more than 20 bidders competing for that lot. Both sales set new world records as the June 26-29 auction, hosted by the Canadian Numismatic Company (TCNC), topped $2.5 million in total realizations. “I sincerely think this great sale we just had will help the Canadian numismatic industry and prove our market strong and healthy,” said auctioneer Marc Verret, the owner of the Québec-based auction house. “I am very proud of this sale and all the records set, but I’m also so happy for the Canadian coin market, for our industry. It is good for all of us.” Continue reading →

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