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    Description

    Condition Census Dominion of Canada $4

    DC-17b $4 2.1.1902 "Cutting Error" PMG About Uncirculated 55.
    This pleasing example is the 1902 variety with the denomination "Four" spelled out at top left and right. Even more interesting is presence of a cutting error with a wide top margin that shows a tiny bit of the preceeding note, while the bottom margin is only on the right half of the note.

    The design seen here was used only on the issues of 1900 and 1902 and issued for twelve years in total. Over that time period a total of 2,496,000 notes made it into circulation ($9,984,000 in face value). Canadian bank records show just $29,000 was outstanding in 1950. For the DC-17b catalog number, this Dominion $4 is the 2nd Finest Graded example is the PMG Census. More importantly, it ranks among the finest of all Canadian $4s at PMG, with just two DC-16s also recorded in Uncirculated condition. Nothing in the CPMS note registry suggests that the grade rarity here is in jeopardy, as it is one of the top 4 or 5 $4 notes known from the entirety of the 1882, 1900, or 1902 issues. Drawing comparisons to the United States banknote market, if a denomination was only issued for a few short decades, and was also a condition census note with a comparable number of survivors, we would easily be looking at a mid to high five figure banknote... perhaps more.
    From the Yuri Solovey Collection of Canada


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