Stack's Bowers & Ponterio
Maastricht May 2023 Auction 4-5 May 2023
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CANADA-NEWFOUNDLAND. Government of Newfoundland. 1 Dollar, 1920. NF-12d. PCGS Banknote Choice Uncirculated 64.
Printed by ABNC-Ottawa. Signature combination of Renouf and Brownrigg. A catalog number which is surely missing from most collections in this grade level. The Newfoundland Treasury Notes of 1920 were issued to deal with a shortage of silver coin (precipitated, as with Charlton notes, by the withdrawal of the cash notes) at a time when the price of silver was very high on world markets. By 1939, about 99% of the total amount of these notes printed had been redeemed and destroyed. Thus surviving examples are already scarce, but usually available in the VF range. The notes get exceedingly rare north of EF, and are even more difficult to find when in search for a Choice Uncirculated example. PCGS Banknote Pop 1/None Finer.
Estimate: $12000 - $18000
Printed by ABNC-Ottawa. Signature combination of Renouf and Brownrigg. A catalog number which is surely missing from most collections in this grade level. The Newfoundland Treasury Notes of 1920 were issued to deal with a shortage of silver coin (precipitated, as with Charlton notes, by the withdrawal of the cash notes) at a time when the price of silver was very high on world markets. By 1939, about 99% of the total amount of these notes printed had been redeemed and destroyed. Thus surviving examples are already scarce, but usually available in the VF range. The notes get exceedingly rare north of EF, and are even more difficult to find when in search for a Choice Uncirculated example. PCGS Banknote Pop 1/None Finer.
Estimate: $12000 - $18000