From the Grading Room

Posted: 6/28/2011

An exceptional group of 1937 Bank of Canada specimen notes was recently graded.

Recently, a group of very nice 1937 Issue Bank of Canada notes passed through the grading room. While the issued notes in this numismatic family are not uncommonly rare, many varieties command substantial premiums in the upper limits of the uncirculated grade range. Given the long-standing niche status of the specimen and proof market, these notes are a compelling addition to the PMG Population Report as all of the notes from this group are listed in quantities under 10 notes.

A Charlton Standard Catalogue: Canadian Government Paper Money indicates that no more than 50 of all of the notes in this group were sold in the public auction held by the Bank of Canada in November 1999. The obvious “kingpin” of this set is the BC-21S-ii, graded 66 “EPQ”. With only 8 notes being reported as sold at the Bank of Canada auction, this note will be the only note of its variety on the PMG Population Report; an extremely rare accomplishment indeed.

All of the notes shown here, except the $100, feature King George VI; the $100 specimen has a portrait of former Canadian Prime Minister Sir John A. Macdonald. These were the first bilingual Canadian banknotes printed and this series has English on the left. Combining the numismatic interests of lovers of Canadian currency, specimen notes, and exceptionally high-grade notes, this group is an outstanding collection filled with some true rarities.

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