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1837 Agricultural Bank $2

Currency:CAD Category:Coins & Paper Money / World Coins - Canada Start Price:250.00 CAD Estimated At:500.00 - 600.00 CAD
1837 Agricultural Bank $2
SOLD
1,500.00CAD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2014 May 29 @ 22:04UTC-4 : AST/EDT
The Cataloguers have taken every reasonable measure to ensure that all the lots are as described by Geoffrey Bell Auctions. Many of the lots are third party graded by PCGS, PMG, ICCS - We feel these are the most recognized grading companies in the industry.
1837 Agricultural Bank $2 - CH 20-10-10, 12B, VG/Fine, S/N:12/B. A very rare Agricultural Bank $2 of the first issue, but dated 21st Sept. 1837 and payable one year after date. Only $2 and $4 notes with this inscription have been recorded, although corresponding $1 and $5 notes were very likely issued. The attempt to issue notes payable after one year was an act of desperation as the Agricultural Bank was in dire straits at the time, and it finally failed on 24th November of that year. A very low numbered note, in Fine condition but with minor roughness on the top edge, and a historic piece, almost never available to collectors. It should sell for well above the conservative catalogue estimate of $600.