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Lot
15238

Toronto, ON- The Crown Bank of Canada $5 June 1, 1904 Ch. # 215-10-02. ...

2013 September 25 - 27, 30 & October 1 Currency Signature Auction - Long Beach #3524

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Auction Ended On: Sep 25, 2013
Item Activity: 4 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
The Finest Known Note From The Crown Bank
Toronto, ON- The Crown Bank of Canada $5 June 1, 1904 Ch. # 215-10-02
One of the great rarities of the Canadian chartered bank series, with this institution lasting but four years before it was absorbed by the Northern Bank of Winnipeg to become the Northern Crown Bank in 1908. The 1904 dated notes represent this bank's only issue, and only the $5 denomination is reported in any collection. The latest census reveals only six pieces, with this easily the finest, as it is the only reported high grade example. PMG Choice Very Fine 35 Net, the Net grade due to a couple of small stamp hinges on the reverse. Expect the Charlton catalogue value of $18,000 to be seriously challenged here today.
From The Belleville Collection

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