CANADA. Merchants Bank of Canada. 20 Dollars, 1917. CH #460-20-12. PMG Choice Fine 15.
Montreal, Quebec. D.C. Macarow - H.M. Allan signature combination. Only two notes are listed in the Charlton Catalogue's census for this variety. Two notes are listed in PMG's population report, with this note being the finer of the pair graded. An oversized steer's head is at left in great detail, with a die counter centered between the horns. Scarce, and surely missing from even the most advanced holdings of Merchants Bank of Canada notes. PMG Pop 1/None Finer.
From the Paradise Collection.
Estimate: $3000 - $5000