Description

    Rare Sovereign Bank of Canada Note

    Toronto, ON- The Sovereign Bank of Canada $5 May 1, 1905 Ch. # 685-10-04
    Launched in 1901 by Sir Herbert Holt in cooperation with noted financier J.P. Morgan, The Sovereign Bank of Canada had, in the words of the Charlton reference, "a brief but spectacular existence." Starting from nothing, the bank grew rapidly, opening over eighty branches in just over six years. Unfortunately, rapid growth meant bad credit decisions, and, with confidence shattered by the Panic of 1907, the institution foundered. By 1908 it was history, although all depositors and creditors were paid in full and its notes were redeemed at just over par. All notes from here can be considered rare. Pleasing Fine, with an unusual and seldom used portrait of King Edward VII as the central vignette.
    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: 451

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

    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
    Consign to the 2018 April 25 - May 1 CSNS Currency Signature Auction - Chicago.

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    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 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    REALIZED $1,989,801