The focal point of the June 1 and 2 Toronto Coin Expo was not the
bourse floor of more than 50 dealers, but the accompanying sale held
by Geoffrey Bell Auctions.
What the firm named the Covered Bridge Collection is a group of
2,000 bank notes that were hidden in a New Brunswick safe-deposit box
since the mid-1980s. This month’s auction was the first of two that
are expected to realize a total of over $1 million Canadian combined
($743,600 in U.S. funds).
SS Central America reveals thousands of new
findings, celebrating the ‘house organ’:
Another column in the June 19 Coin World details what a ‘house
organ’ is, and expounds on some intriguing half dollar varieties.
Eight 1935 notes with serial number 000005, among the very first
notes printed by the Bank of Canada, were offered in denominations
ranging from $2 to $50. The Bank of Canada issued two series of notes
for that year, one stating “Bank of Canada” for English Canada, and
the other with “Banque Du Canada” for French Canada. Topping them all
was a number 5 $25 note with a Paper Money Guaranty Choice
Uncirculated 64 grade at $49,200 including the buyer’s fee.
A pair of 1935 $25 bills, with an 8-year-old Princess Elizabeth, now
Queen Elizabeth II, on the face and extremely rare in Uncirculated
condition, sold for $30,000 (English version) and $26,400 (French version).
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A Bank of New Brunswick 1892 $10 note, considered the best available
on the market at PMG Very Fine 30, realized $30,000.
The auction also offered also a significant selection of Union Bank
of Newfoundland notes. The highlight was an 1889 $20 note featuring
vibrant blues and yellows with face and back locomotive themes. The
note is among the finest of 12 known examples available to private
collectors and reached $28,200 in a grade of PMG Choice Uncirculated
64 Exceptional Paper Quality.
The Covered Bridge Collection surprised many with its selection of
Canadian government and private chartered bank notes, the likes of
which haven’t been offered at auction for many years.