Rare Canadian Bank Note Errors Up For Auction

A major Canadian error bank note collection will hit the auction block at the Geoffrey Bell Auction May 31-June 1,) 2012 at the Toronto Reference Library in conjunction with the Toronto Coin Expo. “We are pleased to be handling such an elite and extensive collection totalling over 90 notes. Perhaps the finest Canadian error bank note collection ever to come to market,” noted managing director Brian Bell.

The collection belongs to Tom Merritt, a longtime error note collector. Tom started collecting bank notes as a boy and about 30 years ago began putting together a Canadian replacement bank note collection. Replacement bank notes are used to replace notes damaged during the printing process. His interest in error notes grew out of his collection of replacement notes – he was collecting notes used to replace errors, so he decided to collect the errors as well.

A foremost expert in error bank notes, Merritt is credited with expanding and broadening the error note section in the Charlton Standard Catalogue of Canadian Government Paper Money, and for years his notes have been featured in the published book.

Merritt says his favourite error notes are undoubtedly “ghost error“ notes, especially the Journey series’ $10 note says Merritt, “It’s just so unusual and eye-catching.” Other favourites of Merritt’s include) “missing signature” notes, and the sale highlights a unique 1937 $2, missing signatures note.

The Toronto Coin Expo is Canada’s premier coin and bank note collectable show, located in the heart of downtown Toronto. The show takes place on Friday June 1 and Saturday June 2, 2012 at 789 Yonge Street, a place to buy, sell or trade numismatic and bullion items with internationally renowned dealers. For further details and to see other numismatic treasures up for auction, please visit www.torontocoinexpo.ca, or e-mail [email protected].


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