Auction review: Rare 1909 Newfoundland cash note among highlights of CSNS Auction

On April 28-May 1, Heritage Auctions hosted the Central States Numismatic Society (CSNS) World Currency Signature Auction, which was held in conjunction with the 78th Annual CSNS Convention.

Among the Canadian highlights was Lot 28088, a St. John’s, Nfld. government cash note with a denomination of 40 cents (CH NF-2i), sold for $17,625 (including 17.5 per cent buyer’s premium). Professional Coin Grading Service (PCGS) gave it a grade of Extremely Fine-40 PPQ (premium paper quality), which ranks it the finest of the six examples known to exist.

One of the highlights of The St. John’s Collection of Newfoundland Banknotes, this note is, according to auctioneers, “one of the most desirable small change notes” from Newfoundland, which remained a British colony before acquiring dominion status in 1907 (Newfoundland didn’t officially join Canada until March 1949).

This Fine example brought $3,750 at a 2012 sale hosted by Geoffrey Bell Auctions. (Photo by Geoffrey Bell Auctions)

This piece was previously offered by Geoffrey Bell Auctions in 2010 as part of the annual sale held in conjunction with the Royal Canadian Numismatic Association (RCNA) convention. It realized $13,000 (not including buyer’s premium) as Lot 1407.

In 2012, another example—this in Fine condition—brought $3,750 (not including buyer’s premium) as Lot 1030 of the Toronto Coin Expo Spring Sale, which was also hosted by Geoffrey Bell Auctions.

Next year’s CSNS Convention will be held April 25-28, 2018.

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