Scarce New 62PPQ 1924 $5 Queen MaryDC-27 $5 1924A
This note, which bears a portrait of Queen Mary (the wife of King George V) as its central vignette, was prepared in 1924 and dated May 26th (the Queen's birthday), but it was not printed until 1931 due to a lack of demand for notes of this denomination. The notes were printed between October 1931 and February 1932, but the Finance Department delayed release of these notes until 1934, just before the introduction of the Bank of Canada notes and the withdrawal of Dominion notes. It is estimated that only about one-third of the 2,000,000 pieces were ever released for circulation, and the short time these notes actually circulated made survivors, as the Charlton catalog comments, "very elusive." This piece is one of a mere seven new examples surviving today graded at both services. PCGS New 62PPQ.
Estimate: $20,000 - $25,000.
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