Geoff Bell forwarded this press release for his upcoming sale of the Richard Cooper collection, which features an example of the side
view Bank of Montreal token among other great rarities. -Editor
In the 1830’3 and 40’s in the Canadian British Colonies like Upper and Lower Canada (Ontario and Quebec) there was no circulating coinage.
This was a great inconvenience to storekeepers and the public alike. In Lower Canada (Quebec), banks began issuing their own tokens that were used as
coinage. There was the Banque du Peuple, the City Bank, the Quebec Bank and the Bank of Montreal all providing one half and one penny tokens. Most
were struck in England dated from 1837 to 1845. In 1838, the Bank of Montreal replaced earlier issues with new tokens showing a corner or side view
of the bank building. Apparently the bank manager felt the tokens were poorly made and the shipment was returned to England. Obviously, a small
number escaped and today they are very scarce and much sought after by collectors. Geoffrey Bell Auctions is featuring a dozen such specimens from
the Richard Cooper Collection. The Cooper Collection is considered to be the finest sold in Canada in many years. These “side views” bring
$8000-$15,000 each and the Cooper group forms the finest lot since the famous Ford sale in Chicago in 2013.
Added to these spectacular specimens is a “front view” Bank of Montreal half penny dated 1845. Although officially approved by the
legislature, it is only one of four known. Today it is considered a pattern and is expected to bring $40,000 to $50,000 when the hammer
drops. Not to be outdone, the Bell Auction features a number of very rare chartered banknotes. A Bank of Nova Scotia one pound note dated
1900, one of only 2 known, is estimated at $10,000-$12,000. A Niagara Bank $5.00 of 1872, the only one in private hands, has a pre-auction
estimate of $20,000-$30,000. To conclude this outstanding auction, there is a dazzling array of medals and decimal coins enough to satisfy
the most discriminating collector.
Of interest to collectors of American numismatic items is the Machin Mills half cent in VF condition, Vlack 6-76a. There is a “No Good”
Washington specimen, Baker C-599E and five cent test coins for the 1938 nickel.
Geoffrey Bell Auctions is to be held at the Toronto Reference Library in Toronto, Ontario October 1st and October 2nd in conjunction
with the Toronto Coin Expo, Canada’s Coin & Banknote Show.
For more information, see:
Wayne Homren, Editor
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