LOT #12789  | 
    Sold for: Sign-in or Join (free & quick)

    Saint Johns, NF- Commercial Bank of Newfoundland $4 Mar. 1, 1882 Ch. # 185-14-04. ...

    Click the image to load the highest resolution version.
    Canadian Currency: , Saint Johns, NF- Commercial Bank of Newfoundland $4 Mar. 1, 1882Ch. # 185-14-04. ...
    Canadian Currency: , Saint Johns, NF- Commercial Bank of Newfoundland $4 Mar. 1, 1882Ch. # 185-14-04. ...
    Sold for: Sign-in or Join (free & quick)
    Claim Item:
    Share this lot

    Sell One of These Currency Converter

    Description

    Rare $4 1882 Newfoundland Example

    Saint Johns, NF- Commercial Bank of Newfoundland $4 Mar. 1, 1882 Ch. # 185-14-04
    The story of this bank and its importance in the financial history of Newfoundland specifically and Canada generally is important enough to quote directly from the Charlton reference: "Established in 1857, this bank, and the Union Bank of Newfoundland, failed in December of 1894 due to mismanagement and poor economic conditions. Almost the entire paper currency then in use in Newfoundland consisted of notes issued by these two banks. Upon their failure, business was at a stand-still and the people in a state of panic until the Canadian banks opened their first branches in Newfoundland. The Newfoundland government assumed the responsibility for the redemption of the failed banks' notes, and the notes of the Commercial Bank continued to be redeemable for 20 cents on the dollar." This redemption accounts for the rarity of notes from this bank, with all issues prior to that of 1888 being especially desirable. Very Good-Fine.
    From The Thomas M. Flynn Collection

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    April, 2008
    17th-19th Thursday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 313

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Viewing at %
    Please enter a value between % and 100% and press your "Enter" key. Close
    Fit to screen View Full Size Brightness
    Sold for: Sign-in or Join (free & quick)
    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 24 days left to consign to the 2017 December 6 - 8 HKINF World Currency Signature Auction - Hong Kong!

    Learn about consigning with us

    Heritage has provided essentially flawless service.
    J.T.
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $1,519,316