SOLD
4,600.00CAD+ buyer's premium (920.00)
This item SOLD at 2017 Sep 29 @ 19:14UTC-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 after The Toronto Coin Expo.
It is not common to see a cheque over 327 years old. It is certainly not common to see a cheque connected to the Hudson’s Bay Company of that age. And to think it has a Canadian connection. Geoffrey Bell Auctions is proud to feature such a document. This note (cheque) is dated 1690 and was a note of one of the Company’s bankers, Stephen Evans (Evance). He was elected a Governor of the HBC in 1692. The note is endorsed by its guarantors, all shareholders in the HBC. The signatories are E. Dering, Dep. Gov, HBC, Samuel Clarke, Dep Gov, elected in 1692 to succeed Sir Edward Dering, A.Hayward?, Samuel Foote, Samuel Cudworth, member of the Committee, HBC, Thomas Chambers, and Edward West. It is interesting that Chambers led a movement against the Committee, particularly the Deputy Governor Dering. In
June 1690, the HBC decided to sell off some of its fur inventory at what Chambers believed to be advantageous prices to a Thomas Glover. Chambers offered 200 pounds more but was refused by the Committee. Chambers accused the Committee and Dering of improper handling of the sale but his accusation was rejected. Chambers was then deprived of his Committee member payments that prevented sale of his stock. In 1692, Chambers recovered control of his stock but his relationship with the Company ended. Edward West was the HBC’s warehouse keeper who soon was to be promoted to Committee man.
This note (cheque) is payable to William Potter, the Company’s accountant. In 1690, he took over the position of Company’s Secretary thus holding down two positions. Potter was to earn 100 pounds a year as opposed to the 50 pounds that he and the ex Secretary used to make. This note accounts for his first half year’s pay. In June 1690, Potter was charged with checking over the Act of 1690, confirming the Company charter. The only previous known Hudson’s Bay Company cheque similar to this specimen was a note issued to a mariner, again in 1690. The Bank of Canada purchased that specimen in 2003 for several thousand dollars. This is the ultimate opportunity to purchase such a historical, numismatic document.
Accompanying this exceptional specimen is a package of historical background notes.
Auction Location:
Toronto Reference Library, 789 Yonge Street (1 street north of Bloor), Toronto, Ontario, M4W 2G8, Canada
Previewing Details:
Location:
The Bram & Bluma Appel Salon is located at:
Toronto Reference Library, 2nd Floor
789 Yonge Street (1 street north of Bloor)
Toronto ON
Lot viewing will take place September 28th & 29th, 10am – 5pm EDT
Auction Start Time 6pm - EDT
HST of 13% will be applied to any purchaser from NF, ON; HST of 14% will be applied to any purchaser from PE; HST of 15% will be applied to any purchaser from NS, NB; 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:
Shipping Details:
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Payment Details:
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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 September 29th, 2017.
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 September 28th, 2017 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, NGC, CCCS - 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, September 30th, 2017 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