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    Excessively Rare 1911 $500 - One of Three Known

    DC-19 $500 1911
    An amazing note which is one of the classic rarities in Canadian currency. Until the discovery of this note there were only two examples in private hands. In fact, this type and denomination is so rare that it is even lacking in the official Bank of Canada collection. The specimen we offer here has been graded PMG Very Fine 20 with mention of minor restorations, which, although present, are exceedingly difficult to detect. Its existence represents a true miracle of survival attesting to the fact that these high denomination pieces were actually used in commerce. If this were a United States issue, where this became only the third example known for the design type, it would easily be a million dollar note. Canadian notes have grown in popularity and, given the performance of the Flynn Collection, the market for true Canadian rarities is beginning to generate prices which are now standard south of the border. The current Charlton catalog places a value on this note in this grade of $250,000 Canadian. Our best guess here is that this "Queen Mary" note will bring a solid six figure price, but if two or more determined bidders decide they have to own it, our estimate will likely be conservative in the extreme.

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    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 15,185

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