SOLD
6,750.00CAD+ (1,350.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2016 Sep 30 @ 20:56UTC-4 : AST/EDT
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Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out following the Toronto Coin Expo Convention. Visit gbellauctions.com to view a digital copy of the catalogue for this sale.
Discover the 1954 Bank of Canada $2 Experimental Program
This professional exhibit was displayed at this years RCNA convention in Ottawa. It is comprised of the most complete collection and research done on the 1954 two dollar bank note. Our description is taken from the notes gathered by our consignor, please take this opportunity to learn and enjoy. Test notes were put into circulation to estimate or predict the mean of life (how long will these last). Normal physical tests for such attributes as tear strength, bursting strength, elongation, fold resistance ect., have one sole and reliable test: to place them in normal circulation and keep a daily record for a period of 12-16 months of the notes returned to the banks as non-reissuable. Beginning in the early 1960's, the Bank of Canada arranged for the production and distribution of Two Dollar "Test Notes" utilizing the 1954 issue with Beattie-Rasminsky, Bouey-Rasminsky, and Lawson-Bouey signature combinations. Produced exclusively by the British American Company in Ottawa, collectors have long associated the prefixes of "S/R" and "G/R" with experimental issues. Beyond the general presumption of the testing of papers and inks, however, the precise intent and characteristics of Canadian test notes rarely, if ever, have been revealed to the genral public. The internal Bank of Canada document pictured below, prepared for the Chief of Currency overseeing the program, presents a definitive breakdown of the 26 distinct tests. The existence of this schedule has remained completely unknown to the collecting world until the RCNA convention and may alter our existing understanding of these modern experimental banknotes. The result of a dedicated 12-year search, the 22 notes offered up to the highest bidder, undoubtedly represents the most complete set ever assembled. The complete display will be set up for your enjoyment and viewing during our regular viewing sessions. We recommend using Charlton (BC-38) as well as our presented documentation as your guide, we are certain this section will be in for major changes for the next edition. Conditions, serial number are as follows: Test #1 - AVG, restored. S/N: E/R3768514. Test #25 - EF/AU, S/N: S/R2701541. Test #3 - Fine, S/N: G/R5477817. Test #5 - PMG Tag Choice Uncirculated 64. S/N: S/R0023624. Test #6 - PMG Tag Choice Uncirculated 64 EPQ. S/N: S/R0202080. Test #8 - PMG Tag Gem Uncirculated 66 EPQ. S/N: S/R0530634. Test #9 - CCGS Tag AU50. S/N: S/R0567762. Test #11 - VF, stained. S/N: S/R0876131. Test #12 - VF, small ink mark on front. S/N: S/R0937753. Test #13 - Fine, S/N: S/R1089161. Test #14 - F+, S/N: S/R1168668. Test #15 - VF, S/N: S/R1227822. Test #16 - VF, S/N: 1362165. Test #17 - Fresh EF, S/N: S/R1523156. Test #18 - BCS Tag EF, S/N: S/R1727305. Test #19 - PMG Tag AU55. S/N: S/R1872543. Test #20 - BCS Tag Original AU50. S/N: S/R1954386. Test #21 - BCS Tag EF. S/N: S/R2058599. Test #22 - CCCS Tag UNC-60 (this note has a small tear at right and appears pressed). S/N: S/R2238120. Test #23 - PCGS Tag Gem New 65PPQ. S/N: S/R2347809. Test #24 - Pressed VF, S/N: S/R2634594. Test #25 - PMG Tag Gem Unc. 65EPQ. S/N: S/R2687672. Test #26 - BCS Tag Original Choice Unc. 64. S/N: S/R2780525. Also included are front and back examples. Total 24 Pcs.
Auction Location:
789 Yonge Street, Toronto, Ontario, M4W 2G8, Canada
HST of 13% will be applied to any purchaser from NB, NF, ON; HST of 14% will be applied to any purchaser from PE; HST of 15% will be applied to any purchaser from NS; All other provinces in Canada 5% will be applied. No tax is charged on out of Country purchases.
Taxes:
| Tax | Rate | Desc. |
| HST |
13% |
HST |
| GST |
5% |
GST |
| HST |
14% |
HST |
| HST |
15% |
HST |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
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Terms and Conditions at Geoffrey Bell Auctions
Credit and Deposits: All bidders must be approved. Those who do not have an established relationship with Geoffrey Bell Auctions must provide an approved reference or a credit guarantee prior to the sale.
Buyer’s Premiums: A buyer’s premium of 15% for floor bidders and 20% for online bidders will be added to the hammer price. Appropriate GST or HST will be added for lots delivered in Canada. No taxes will be added if shipped out of the country. US Funds accepted at 2% under the posted rate on xe.com on the day of the auction. All accounts not paid within 30 days will result in an interest charge of 2% per month calculated from Oct 3rd, 2015.
Auction Conduct: All our starting bids will be opened at approximately 10% above the second highest mail or computer bid. If there are no mail bids, auctioneer will start the bids at the reserve price, or half of the low estimate, or where possible, call for an opening bid. Advances are at the discretion of the auctioneer. In the event there are identical bids, earliest bid and floor bids will take priority. We reserve the right to withdraw any lot prior to the sale. Lots are sold to the highest bidder at an average rate of 150 lots per hour.
Bidding Procedures: Bids may be made in advance of the auction, by phone, person, fax 506-634-1026, email info@gbellauctions.com or mail. Live telephone bids are accepted through an approved agent provided by Geoffrey Bell Auctions at 506-333-7778. ALL Mail, fax and email bids must arrive to our office no later than Sept 30th, 2015 at 12 noon EDT. The auction will be conducted on iCollector.com and all mail bids will be entered online. Geoffrey Bell Auctions reserves the right to refuse bids deemed not in good faith. We are not responsible for bidder errors so please check your bids carefully. Bidding increments are at the discretion of the auctioneer, the scale below must be followed, any uneven bids may not be accepted:
0 – 250 10
250 – 1,000 25
1,000 – 5,000 100
5,000 – 10,000 250
10,000 – 20,000 500
20,000 –50,000+ 1,000
Grading Standards and Description: 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, BCS, PMG, ICCS - We feel these are the most recognized grading companies in the industry.
Return Policies: Returns will be accepted by absentee bidders for lots that have been misattributed or incorrectly catalogued. We guarantee that all items are genuine and we will refund anything that has been misrepresented by the cataloguers. Certified grading concerns are to be dealt with through the certified grading company, not Geoffrey Bell Auctions. No returns will be accepted on graded material. All floor sales are final, including those who choose to use our agent. Absolutely no returns will be accepted after 45 days as consignors are then paid in full.
Lot pick-up/Shipping Details: Saturday, Oct 3rd, 2015 on the Toronto Coin Expo bourse floor from 10am-4pm. All lots not picked up during the show will be shipped at the bidders expense. We charge actual shipping costs plus $5 per package for packing and processing the order. Insurance is $5 per thousand.
Payment Details: Cheques must clear before shipping; money orders and certified cheques will be verified and shipped within 48 hours of receipt. Direct deposit into our TD Canada Trust account will result in immediate shipping. [Canadian Dollar Account: 5240 5214697; USD: 5240 7303279]. Credit Card and Paypal payments are accepted at a 3.0% premium to cover fees.
Catalogue Values: All values are listed in Canadian Funds.
Abbreviations: Within the catalogue you will find many abbreviations, the list below describes each of them:
a about (aEF – about Extra Fine)
Al Aluminum
Approx. Approximate
AGW Actual Gold Weight
AR Silver
AE Brass, Bronze, or Copper
AU Gold
ASW Actual Silver Weight
AV Gold
Bo Bowman
BR Breton
Cat Catalogue
CH Charlton
Co Courteau
COA Certificate of Authenticity
Cu Copper
C/S Counter Stamp
EF Extremely Fine
F Fine
FDC Fleur de Coin
G Good
grm grams
l left
Ler LeRoux
mm Millimeters
r right
S/N Serial Number
Std Seated
Unc Uncirculated
VF Very Fine
VG Very Good
WM White Metal