A remarkable set of Bank of Hamilton $20 and $50 notes, with one note featuring a rare “C” overprint, is among the 1,700 lots of rare and valuable material available at Colonial Acres Coins’ highly anticipated Fall Premier Numismatic Auction.
Colonial Acres’ Sale No. 123 is expanding into three days, from the traditional two, says company co-owner Todd Sandham.
“This auction continues the tradition with many scarce items that will definitely attract active bidding,” he explains. “We’ve added a third session to this auction due to the increased number of submissions we’ve received.”
The Sept. 6-8 auction will be held in conjunction with Canada’s largest coin and stamp show: the National Postage Stamp and Coin Show, slated for Sept. 7-8 at the Hilton Mississauga in Mississauga, Ont.
Lots 787 and 788 feature the hard-to-find Bank of Hamilton notes. The key of the two is the $20 note with the “C” overprint (Lot 787).
“The $20 note is the rare ‘C’ overprint example where the registry only has a population of one in VG-8, while the note up for sale is a (PMG graded) F-15, which makes it the highest grade known,” explains Sandham, who along with business partner Kirk Parsons, owns the long-standing Kitchener, Ont. coin dealership and auction house.
The remarkable $20 note, with a pre-sale estimate of $20,000, has a seven-millimetre tear on the bottom margin near the middle and a pinhole in the “0” of the large “20” on the left side.
The $50 note, PMG graded VF-20, is a test note with a “C” overprint. It also has a tear, and a pre-sale estimate of $15,000.
Sandham says there is increasing enthusiasm for scarcer key dates and high-grade notes from Canada.
“The prices realized for rarer notes and coins have been pushing the market to new highs,” says Sandham.
Additionally, the highest graded Bank of Toronto $20 note is available as Lot 825.
“We also have a rare Bank of Toronto $20 note that has a population in the registry of only three notes known to exist, which will make this newly discovered note No. 4 in the registry,” Sandham explains. “This note is VF-25, which makes it the highest known grade in the registry.” The note has a pre-sale estimate of $20,000.
For more lot highlights of this fascinating auction, read the complete story in the current issue of Canadian Coin News.