Uncirculated 1935 $1 (BC-1) serial:A0000002

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I recently discovered an uncirculated 1935 BOC $1 bill series A serial number A000002. My mother's godfather was Dep. Gov. Jack Osborne and i have the 1935 letter and envelope in which he sent it to her on Bank of Canada note paper. Any idea what this might be worth, or how best to handle it? Thanks

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   WOW!    

Book value is $1600 for serial number 0000001 or $1150 for serial number 0000002-9. Osborne notes are a hot item these days. Especially with the letter from J. Osborne himself, I bet you'd get higher than that!!

You want to sell it?  

h_p

  Goes double for me   Wow.
Are you selling the letter?

PD

 WOW!    

Book value is $1600 for serial number 0000001 or $1150 for serial number 0000002-9. Osborne notes are a hot item these days. Especially with the letter from J. Osborne himself, I bet you'd get higher than that!!

You want to sell it?  

h_p

If It can be authenticated. A LOT more than $ 1600
In a way this is THE FIRST Bank Of Canada note ever printed.
I bet you'd get close to $ 2500 even without the letter.
I would not put 4-5K out of the realm of possibility

Nice note. Could you post a scan so we can all sigh and wish?

Congats

[smiley=beer.gif]

If possible, may I request a scan of the note and the letter for the Online Canadian Paper Money Museum? (http://www.MoneyMuseum.ca)

I think that this would be a real crowd-pleaser. Thanks!

WOW!   I have never seen anything like this! You are very lucky to own such a banknote!

WOW I must say like everyone that is one hell of a note!! If you can scan the letter could you write what it says? I would say you wouldnt have a problem getting 2500 or more with the letter.

Arthur

By way of comparison, I sold a Bank of Canada $5 1935 note Serial #000001 on eBay about five years ago. It sold for US$3500 and was purchased by an international auction house in Singapore. It had apparently been kept as a "pocket piece" as it was only in F-VF condition. It only received one bid though; it might have received more bids if I hadn't carelessly listed it in the China paper money section rather than the Bank of Canada section! I reported this Serial #000001 note in the Bank of Canada section of this Forum last year (I have reproduced my earlier description and scan below).

I would personally rate the $1 1935 #0000002 Unc note with the accompanying letter at $5000+ and an even higher price is quite conceivable in today's vibrant global market. In my opinion, since it is the first denomination (i.e., the $1) in the very first series of Bank of Canada notes and since it carries the portrait of the reigning Monarch (King George V), it would have tremendous international appeal.

I first reported the existence of this #000001 (Plate D) note in the CPM Newsletter eleven years ago (see December 1995 issue, page 109). I sold it on eBay about five years later but I blundered badly as I carelessly listed it in the CHINA paper money category -- I had been listing several lots of Chinese currency and forgot to change the listing category when I got to this $5 1935 note(!). Fortunately, I had protected the note with a fairly high (for the time) starting bid of US$3500. This note was bid on and purchased by a Singapore dealer who had evidently seen it in the Chinese category (the item received only one single bid!). I never found out what happened to this rare note afterwards. Is anyone aware of where it is now?

The note was only in F-VF condition with several cross-folds and a rusty paper clip mark at the top left. I suspect that it was presented to a VIP at the time of issue and that he/she kept it as a "conversation piece". I did retain a photocopy of the note and I colored in the tint panel at the bottom. I have attached an image of this colored photocopy. The Bank of Canada Currency Museum had $5 1935 #A000001 (Plate Letter B) on display at one time and it may still be on display.

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Thanks for the scan.
Not that it makes a lot of difference in value to a note such as this, but it looks like the note is technically an AU (top right corner fold, discolouration at left.)
My estimate is in the $1800-2000 range.

A000002 with the letter from Osborne would sell for crazy money at a major auction, like Moore's. This would be the highlight of note auctions for the decade.

Rick

Yes a note definitely worth putting up at a live auction (if you're really in need).