CPM Forum

Canadian Notes => Bank of Canada Notes => Topic started by: coinsplus on May 04, 2016, 01:20:21 am

Title: Bank of Canada - Currency Auction Fall 2016?
Post by: coinsplus on May 04, 2016, 01:20:21 am: I recently was at Toronto's Coin Expo (held at Toronto's Reference Library on April 22). I was talking to several dealers and they informed me that the Bank of Canada will be selling some of the bank notes in an auction style format, similar to that in the 1990s when Chuck Moore conducted the auction on the Bank's behalf. Has anyone else heard this news? This is the first, I have heard of this.
Title: Re: Bank of Canada - Currency Auction Fall 2016?
Post by: friedsquid on May 10, 2016, 11:47:37 am: Quote from: coinsplus on May 04, 2016, 01:20:21 am
I recently was at Toronto's Coin Expo (held at Toronto's Reference Library on April 22). I was talking to several dealers and they informed me that the Bank of Canada will be selling some of the bank notes in an auction style format, similar to that in the 1990s when Chuck Moore conducted the auction on the Bank's behalf. Has anyone else heard this news? This is the first, I have heard of this.

According to the Bank of Canada

Good day Mike,

The Bank of Canada currently has no plans to auction bank notes from its National Currency Collection.

We thank you for your interest in Canadian currency.

Sincerely,

Carol Ann Levett

Public Information Agent/Agente de l'information publique

Public Information and Distribution/Service de l'information publique et de la distribution

Communications Department/Département des Communications

Bank of Canada/Banque du Canada

234 Laurier Avenue West, Ottawa, On, K1A 0G9

info@bankofcanada.ca

T: 1 800 303-1282

F: 613 782-7713
Title: Re: Bank of Canada - Currency Auction Fall 2016?
Post by: BWJM on May 10, 2016, 01:49:54 pm: Well I guess that squashes the rumours.
Title: Re: Bank of Canada - Currency Auction Fall 2016?
Post by: Seth on May 10, 2016, 11:53:07 pm: Not necessarily; the BoC response specifically says it has "no plans to auction bank notes from its National Currency Collection." Maybe it has other notes not in the NCC that may be headed to auction.

Let the rumors continue...
Title: Re: Bank of Canada - Currency Auction Fall 2016?
Post by: coinsplus on May 11, 2016, 01:03:14 am: Thanks for looking into this and the comments. The two dealers that were talking about this are prominent dealers. I haven't heard anything from my sources, so not sure where they received their news.
Title: Re: Bank of Canada - Currency Auction Fall 2016?
Post by: BWJM on May 11, 2016, 08:44:37 am: Quote from: Seth on May 10, 2016, 11:53:07 pm
Not necessarily; the BoC response specifically says it has "no plans to auction bank notes from its National Currency Collection." Maybe it has other notes not in the NCC that may be headed to auction.

Let the rumors continue...

OK, in that line of thinking then, perhaps they have no plans to auction any banknotes, but rather they're going to hold a sweepstakes lottery and GIVE them away to 100 lucky Canadians! Let the rumours continue!