Description

    Excessively Rare 1911 $500 Note- One of Two In Existence

    DC-19 $500 1911
    An amazing note which is one of the classic rarities in Canadian currency. Only two examples are known, both of which are in private hands, making this a type and denomination which is even lacking in the official collection of the Bank of Canada. The note is circulated, indicating that these high denomination pieces were actually used in commerce, and grades Fine, with no problems whatever save honest wear. If this were a United States issue, where only two examples were known for the design type, it would easily be a three quarters of a million dollar note, or perhaps a million dollar piece, but despite the extreme rarity of this piece, which makes this offering likely the only time collectors will ever have the opportunity to own this type, the Canadian market has not generated prices which are now standard south of the border. Our best guess here is that this note will bring a solid six figure price, but if two or more determined bidders decide they have to own it, our estimate may be conservative in the extreme.


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    Auction Info

    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 136
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