There are two major coin shows on the numismatic calendar this week.
On June 24, the South-Central/Eastern Ontario Stamp, Coin and Postcard Event will be held at King Edward Community Centre on 75 Elizabeth St. in Brighton, Ont. The event will be open to the public from 10:30 a.m.-3:30 p.m. and is slated to include more than one million worldwide stamps, postcards, covers, coins and banknotes. Related hobby supplies will also be available for purchase.
On June 24-25, Torex will return to downtown Toronto’s Hyatt Regency on 370 King St. W. The bourse, which features more than 30 dealers, will be open on Saturday, June 24 from 10 a.m.-5 p.m. and on Sunday, June 25 from 10 a.m.-3 p.m. Admission is $7, although children aged 16 and under are free.
TCNC JUNE 2017 TOREX SALE
Lot viewing for the three-session, 1,141-lot auction to held by The Canadian Numismatic Company will begin on Friday, June 23. Bidding will begin later that day at 6 p.m.
Among the highlights of the first session is Lot 27, an 1812 Trade & Navigation half-penny token (Breton 963) with a grade of Mint State-60 by Canadian Coin Certification Service (CCCS). This rare plain edge example has a pre-sale estimate of $5,000-$10,000 and an opening bid of $1,000.
Another highlight is Lot 90, an 1813 Wellington Lower Canada penny token (Breton 974). This uniface, white metal specimen only includes an obverse design and is “possibly unique,” according to auctioneers, who added this is the only example ever offered at a public sale. Described as “a museum piece,” this lot has a pre-sale estimate of $10,000-$15,000 and an opening bid of $5,000.
Lot 102 will offer another Wellington token, this an 1812 Ciudad Madrid half-penny example (Breton 986) with a grade of CCCS MS-64. This silver token—described by auctioneers as “excessively rare and possibly the best example to exist”—features a spelling error: Ciudad is misspelled as “Cuidad.” It has a pre-sale estimate of $5,000-$10,000 and an opening bid of $2,500.
COSSACK PENNY TOKEN
Rounding out the token highlights of session one is Lot 106, an “extremely rare” pattern of an 1814 Cossack penny token. According to auctioneers, this pattern was unknown to Canadian collectors until it was described and illustrated in Paul Withers’ book, Copper Tokens of the Early 19th Century. Withers had full access to the tokens in stock at Baldwin’s, the iconic London numismatic auction house and retail store.
“It had sat in a collection that was formed by a serious collector of British tokens named Francis Cokayne,” reads the auction catalogue, which adds on July 17, 1946, this token belonged to esteemed numismatist Francis Cokayne.
The first sale of Cokayne’s silver tokens and copper tokens were purchased by Baldwin’s as “they were considered to not be worth auctioning except for in lots, which I suppose Cokayne didn’t care for,” suggests the auction catalogue.
“He was their biggest client for many years. He was active from the very late 19th century through to the 1930s. He also had enough money to be able to afford whatever came his way.”
This lot has a starting price of $10,000 and an estimate of $25,000-$45,000.
SESSION ONE PAPER MONEY HIGHLIGHTS
Moving on to paper money, there is Lot 160, a 1914 $5 note issued by The Northern Crown Bank (CH-545-10-04) with a serial number reading “256948.” In Paper Money Guaranty (PMG) VF-25, this “extremely rare” example is one of only 13 known to exist, according to the Canadian Paper Money Society, with highest grade registered as VF. It has a starting price of $7,500 and an estimate of $15,000-$30,000.
The following item, Lot 161, is a 1930 £1 note issued by The Bank of Nova Scotia in Kingston, Jamaica (CH-550-38-04-02) with a serial number reading “000001.” In PMG AU-50, this example is “to be considered a true museum” piece, according to auctioneers.
Notes with serial number one are “considered rare and elusive to most collectors,” reads the auction catalogue, “and it’s a known fact that they can bring in substantial sales premiums.” For example, a previous sale of a Bank of Vancouver note with serial number “000001” in a Moore’s auction hammered down at $167,500.
According to auctioneers, the 1930 Nova Scotia £1 note should “by all accounts be considered in the same league as the Vancouver issue.” Previously sold by TCNC, this example brought more than $31,000. This time around, it has a starting price of $20,000 and an estimate of $40,000-$50,000.
Another highlight is Lot 263, a 1935 Series $50 note (BC-14) with a serial number reading “F04662.” In CCCS AU-55, this French-language note has a starting price of $11,000 and an estimate of $20,000-$21,000.
Rounding out the highlights is Lot 291, a 1937 Series $50 note (BC-26a) with a serial number reading “0032857.” In Professional Coin Grading Service (PCGS) Choice Uncirculated-64 PPQ, this “very scarce example” has a starting price of $12,000 and an estimate of $22,500-$25,000.
For more information about the June 2017 Torex Sale, click here.