PMG-certified Canadian Rarity Featuring a Young Queen Realizes Over $100,000

Posted on 30/03/2023

The Heritage sale featured other PMG-certified world banknotes that also realized impressive prices.

A Canadian banknote certified by Paper Money Guaranty® (PMG®) led the way in a recent Heritage Auctions sale, realizing $132,000, far above its pre-auction estimate. The World Paper Money Signature Auction 4042 was held on March 23, 2023.

The Canada, Banque du Canada 1935 $20 - French with Serial Number 7 graded PMG 64 Choice Uncirculated EPQ (lot 24138) far exceeded its estimate of at least $25,000. It is the first note to feature Queen Elizabeth II, well before she acceded to the throne, making it one of the most famous Canadian banknotes ever printed. This note contains Serial Number 7. Among 100 total examples in the PMG Population Report, it stands alone with the second-highest grade.

Canada, Banque du Canada 1935 $20 - French with Serial Number 7 graded PMG 64 Choice Uncirculated EPQ
Click images to enlarge.

Other PMG-certified banknotes from the auction include:

  • a group of six Netherlands Indies 1810 notes (100, 200, 300, 400, 500 and 1,000 Rijksdaalders) graded PMG 30 Very Fine to PMG 40 Extremely Fine (lot 24422) that realized $90,000
  • a Province of Canada 1866 $5 graded PMG 15 Choice Fine (lot 24127) that realized $72,000
  • a Curacao / Dutch Administration 1930 500 Gulden graded PMG 25 Very Fine NET (lot 24210) that realized $50,400
  • a Zanzibar / British Administration 1920 1 Rupee graded PMG 40 Extremely Fine (lot 24545) that realized $45,600
  • a Canada, Union Bank of Newfoundland 1889 $10 graded PMG 64 Choice Uncirculated EPQ (lot 24184) that realized $43,200
  • a Saudi Arabia, Monetary Agency 1961 50 Riyals graded PMG 66 Gem Uncirculated EPQ (lot 24473) that realized $38,400
  • a Bahamas, Government of the Bahamas 1965 100 Dollars graded PMG 66 Gem Uncirculated EPQ (lot 24025) that realized $34,800
  • a Trinidad & Tobago 1921 100 Dollars graded PMG 20 Very Fine (lot 24537) that realized $26,400
  • a Curacao / Dutch Administration 1925 50 Gulden with Serial Number 1 graded PMG 58 Choice About Uncirculated (lot 24209) that realized $26,400
  • a United Arab Emirates, Currency Board ND (1973) 50 Dirhams graded PMG 67 Superb Gem Uncirculated EPQ (lot 24539) that realized $24,000
  • an Italian Somaliland 1950 100 Somali graded PMG 67 Superb Gem Unc EPQ (lot 24331) that realized $22,800
  • a Belgian Congo, Banque du Congo Belge 1945 500 Francs graded PMG 55 About Uncirculated (lot 24060) that realized $21,600

Prices realized include buyer's premium.


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