NUMISMATIC FRINGE Tion for Turbulent Times: a Vibrant and 75,’” Vol
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www.canadiancoinnews.ca An essential resource for the CANADIAN advanced and beginning collector Canadian Pages COIN NEWS TRENDS: Paper Money 14-18 Volume 58 • Number 14 October 13 - 26, 2020 $5.50 Banknotes, ‘Gilded Age’ ignited bullion drive numismatics’ popularity By Jesse Robitaille “In those early centuries of success in This is the second story in a numismatics, there were no four-part series exploring nu- typewriters or computers to Premier Auction mismatic research and writing turn out a manuscript. Every- through the centuries. thing had to be handwritten By Jesse Robitaille A 1935 Series $50 note in Very Fine-20 brought $4,427.50 as Riding on the backs of roy- with a quill pen and an ink well. It was a laborious and Realizations include buyer’s Lot 1062 of this September’s two-session Premier Auction. als, nobles and other privi- time-consuming effort de- premium. leged classes from about the manding willpower and de- Nearly 1,300 lots crossed the terest in the buying community, 14th century, numismatics was to date,” said auctioneer Kirk termination.” block this September during paper money continues to be a later adopted as a hobby by Parsons, co-owner of the In his research, Clute has Colonial Acres’ two-session hot commodity. The specimen the growing middle class. Kitchener, Ont.-based auction pored over various handwrit- Premier Auction, which topped notes performed well once Once called the bourgeoisie house. ten registers and documents 100 active online bidders and again, and chartered notes sell in Europe, the middle class en- The past two Premier Auc- with writing ranging “all the hit a successful sell-through tions have been held online well every time.” joyed increased income and rate of three-quarters. only – what Parsons called “the An “extremely rare” 1973 $1 leisure time beginning with Continued on page 20 Paper money, bullion and new way of conducting busi- replacement banknote (BC- the so-called “Gilded Age” of high-quality key-date coins led ness” – due to the ongoing CO- 46aA), one of only five exam- the late 19th century. Numis- the way in the Sept. 11-12 sale, VID-19 pandemic. ples known to exist, was matics, in turn, saw a boost in which saw strong realizations “As much as we really enjoy among the top paper money popularity. in each of those three sections. seeing everyone in person at highlights, Parsons said. “As more and more people Aside from the top-earning lot the coin shows and live auction Produced by the Bank of began collecting coins, the thirst – a 1904 10-cent coin in high venues, moving to online has Canada to replace faulty notes for knowledge about them in- Mint-State (MS) condition – pa- been the only feasible option to and account for the number of creased,” said Stan Clute, presi- per money and bullion were keep the industry moving in a banknotes being printed, re- dent of the Canadian Numis- the strongest consistent sellers positive direction,” said Par- placement notes are inserted matic Research Society, of with several lots topping their sons, who added Colonial’s cli- into a print run if bank staff which he’s also a Fellow. pre-sale estimates. ents – even those who aren’t so spots a defective sheet. Re- The Canadian Antiquarian “We hit our target sales num- “computer savvy” – have since placement notes’ serial num- and Numismatic Journal bers again this past auction, taken to the online platform in bers are usually preceded by was published by the which we have managed to do recent months. an asterisk or an “X” in the Antiquarian and Numismatic with all our Premier Auctions “Bidding was solid through third position of a three-letter Society of Montréal, many of the sections; however, prefix. Publications Registration Mail No. 09137 Agreement No. 40069699 Mail No. 09137 Agreement Publications Registration Canada’s first coin club. as with all auctions, predicting Continued on page 19 which areas will perform well is always an unknown. It’s al- ways interesting to see, from 2020 RCNA award winners one auction to another, how a certain denomination or area of coins can be very hot, and then to be unveiled at online AGM six months later there may not be as much interest – and then By Jesse Robitaille past six months – it’s going to it is hot the next month. We The Royal Canadian Nu- be a bit different. strive to make our auctions di- mismatic Association (RCNA) For the first time in the as- verse with all categories so we is ready to hand out some of sociation’s 70-year history, can attract all collectors’ inter- its annual awards, but this the winners of the RCNA’s ests.” year – like most things in the awards will be unveiled on- line. They’re typically PAPER MONEY Members of the Royal handed out at various func- As it has for the past few Canadian Numismatic tions during the weeklong years, paper money “remains Association are eager to RCNA Convention, which an anchor in the auctions,” Par- learn who won the group’s was cancelled this year due sons said. annual awards, said to COVID-19. But the 2020 “Some rare notes have been Executive Secretary Paul award winners – about half a hitting the auction block, and Johnson. 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