Last Updated on May 29, 2019 Posted by Colonial Acres Coins
The 1920 five dollar bill issued by the Home Bank of Canada, which was believed to not be part of any personal collection, has now resurfaced among the circles of numismatists. The only other known copy of this note is being held at the National Currency Collection of The Bank of Canada. Continue reading for more details about this extraordinary numismatic masterpiece.
Home Bank of Canada Notes
The Home Bank of Canada was established in 1903 but only existed until 1923, when the last notes marked with that name were issued. This is why there is very little Canadian paper money issued by the bank still circulating around the world. In the seventeen years the bank was active it issued several sets of five, ten, twenty, fifty and hundred dollar bills. The bank was ultimately closed because the president of the institution was accused of making some illegal loans to close family and friends. The 1920 five dollar bill was thought to be an exclusive edition, having only been issued in one series. However, the recent certification of a second piece by the PMG has created a sensation.
During the years the bank was operating, it only issued a limited amount of banknotes, which is why nowadays there are only about fifty Home Bank of Canada kept in collections around the world.
The 1920 Five Dollar Bill
One of the most unique bills ever created by the Home Bank of Canada is the 1920 five dollar bill. This bill features an image of Sir Isaac Brock, who is a famous Canadian military hero. Major-General Brock managed to occupy several North American territories during the War of 1812, including Fort Detroit, which made him a favourite of the public. This is why the 1920 five dollar bill was one of the most popular bills of its time. Other five dollar bills issued by the bank are still very common, and you can easily purchase them for your collection, however, the 1920 bill was issued in a significantly lower quantity, which is why there are now only two certified notes left.
Canadian paper money has always been an attractive collectable for numismatists, and the 1920 is one of the most prized possessions you can have in your sets. The only known note, until recently, is being held in the National Currency Collection of The Bank of Canada’s Museum. According to sources, the note was purchased from Charlton Numismatics, a renowned dealer in Canada, in 1974.
Due to the huge amount of interest the note has attracted so far, the Central States Numismatic Society, and specifically Heritage Auctions have announced plans to include the 1920 five dollar bill in an auction on April 26, 2019. This bill will definitely attract tremendous attention, and will probably be sold for a record amount of money, due to its uniqueness and very low availability.
If you are a serious collector, then you probably realize how priceless this 1920 five dollar bill is, so do not miss on the chance to at least go and see it live. This auction will probably be one of the few occasions when this note will be put up for sale for years to come. The exclusivity of the note makes it a very desirable acquisition, so whoever purchases it at the auction will probably want to hold on to it for as long as possible. Do not miss your chance, and go check out this very rare numismatic treasure!