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CSNS Signature Currency Sale 4022 23 & 27 Apr 2020
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Bermuda Bermuda Government 5 Pounds 1.8.1941 Pick 13 PMG Very Fine 20. A rarely seen type, the 1941 dated orange Fiver is the first "Canary" issued for Bermuda, and its color schemes are in response to a rather clever yet dubious bait-and-switch afflicted upon shop owners. The first £5 for Bermuda was inked with brown and purple, and upon first glance, was remarkably similar to the 5 Shillings note, which was the initial denomination of the series. Philadelphia surgeon Dr. Nelson Page Aspen, in his definitive guide A History of Bermuda and its Paper Money describes the scenario: "...this caused much confusion in business at night, and many Bermudans tell a story that some shoppers would proudly display the brown five pound note while making purchases; however, at the conclusion of their purchase, they would present the five shilling note to the unsuspecting clerk, who would give them change for the higher denomination." Word of the frauds quickly spread, and within a year, the new orange Fiver was introduced. Only 100,000 orange £5 were issued bearing the 1941 date. This pleasing example is the first we have offered. Embossing is still visible and the note displays only standard signs of circulation. At the time of cataloging, there are only five examples of this Pick number graded in the PMG Population Report. An important British Commonwealth banknote missing from many collections. From the Adderley Collection https://currency.ha.com/itm/world-currency/bermuda-bermuda-government-5-pounds-181941-pick-13-pmg-very-fine-20/a/4022-28225.s?type=CoinArchivesCurrency4022 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 2400-3600 USD
Bermuda Bermuda Government 5 Pounds 1.8.1941 Pick 13 PMG Very Fine 20. A rarely seen type, the 1941 dated orange Fiver is the first "Canary" issued for Bermuda, and its color schemes are in response to a rather clever yet dubious bait-and-switch afflicted upon shop owners. The first £5 for Bermuda was inked with brown and purple, and upon first glance, was remarkably similar to the 5 Shillings note, which was the initial denomination of the series. Philadelphia surgeon Dr. Nelson Page Aspen, in his definitive guide A History of Bermuda and its Paper Money describes the scenario: "...this caused much confusion in business at night, and many Bermudans tell a story that some shoppers would proudly display the brown five pound note while making purchases; however, at the conclusion of their purchase, they would present the five shilling note to the unsuspecting clerk, who would give them change for the higher denomination." Word of the frauds quickly spread, and within a year, the new orange Fiver was introduced. Only 100,000 orange £5 were issued bearing the 1941 date. This pleasing example is the first we have offered. Embossing is still visible and the note displays only standard signs of circulation. At the time of cataloging, there are only five examples of this Pick number graded in the PMG Population Report. An important British Commonwealth banknote missing from many collections. From the Adderley Collection https://currency.ha.com/itm/world-currency/bermuda-bermuda-government-5-pounds-181941-pick-13-pmg-very-fine-20/a/4022-28225.s?type=CoinArchivesCurrency4022 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 2400-3600 USD