In a recent currency auction conducted September 17th - 19th 2008 by Heritage Auction Galleries in conjunction with the Long Beach Coin Expo, Canadian Paper Money history was made on Wednesday night when a DC-19 1911 $500 “Queen Mary” graded Very Fine 20 by PMG, one of only three examples of its kind known, achieved the astonishing price of $322,000 after a bidding war between several determined phone bidders outlasted a strong Internet bidder with the bid opening at the $140,000 level. This realization is an all time record for a piece of Canadian paper money.

Canadian notes have shown marked increases in value in recent years, with rarities starting to generate higher prices, which are now standard south of the border. Heritage Auction Galleries next Signature auction featuring rare Canadian currency will be held as the official auction of the Florida United Numismatists show in Orlando, Florida in January of 2009. Those interested in consigning notes to this auction can phone 800-872-6467, ext. 1001.

Auction info www.HA.com

Posted: 10|5|08 at 9:03 am. Filed under: Canada.