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A small hoard of 1923 $1 bank notes was recently discovered in an old safe by the heirs of the owners of a rural hotel in Western Canada that operated though the roaring twenties and 1930's. These notes were issued by the Dominion of Canada from 1923 until 1934 when they were replaced by the new small size Bank of Canada notes. It seems that the owner of the hotel liked to keep some of his profits in new $1 notes, and these notes have amazingly survived over 70 years in their original condition. Canadian Coin & Currency has acquired this entire unique group of notes, and is now excited to offer these extreme rarities exclusively on tSc. For some of these notes, only a handful of uncirculated examples have ever been sold in Canada before in the past 25 years.
While nearly all surviving uncirculated 1923 $1 notes are the last issue, being Campbell-Clark signatures, this note features the earlier and much rarer Campbell / Sellar signatures with a black seal (Charlton catalogue reference DC-25n)
The note comes sealed in protective packaging from Canadian Coin & Currency verifying their professional opinion of the grade of the note and that it is genuine. This note is graded as Uncirculated 60 (typical original uncirculated) with premium paper quality. This grade means that the note is new and has never circulated, although it may have a slight counting bend or corners that are not perfectly sharp. The paper will be crisp as newly issued and there will be a significant tactile feel to the intaglio printing.
Value: While the 2009 Charlton Standard Catalogue of Canadian Paper money lists this note in Uncirculated condition with a value of $875, many equivalent rarities have sold at auctions for amounts equal to or greater than the catalogue value, plus buyer's premiums of 10% to 20%. This item is priced at $25 below the catalogue value with no buyer's premium. This is also the type of note that has historically appreciated in value from 10% to 15% per year for the past 15 years. While there is no guarantee that this trend will continue, there remains strong demand and very limited supply of these high quality Canadian rarities.
• Rare $1 Dominion of Canada 1923 Bank Note
Physical address required - no P.O boxes please.
Please allow 7-15 business days for delivery.
This product comes with a 30-day warranty.