CANADA. Dominion of Canada. 500 Dollars, 2.1.1925. DC-28S. Specimen. PMG Choice Uncirculated 64.One of Canadas most sought-after banknotes, a mere seven issued examples are known to exist of this type, out of just 40,000 originally printed. Not surprisingly, specimens such as this example are much in demand, as it is the only way most collectors can reasonably hope to acquire this rare type, although it would be a stretch to call them anything but rare, with most known specimens tightly held. The $500 and $1000 of this series were rather hastily designed after the Department of Finance encountered trouble issuing the 1911 notes of these high denominations, as is iterated in Charlton. As a result, it was decided to use the portrait of King George V from the 1923 $1 design. Executed in an appealing shade of blue by the Canadian Bank Note Company, it is a shame that this type is so rare, as it is quite attractive. This is one of just two such specimens presently graded by PMG, of which this is the finer of the two, giving an indication that specimens of this type may even be rarer than the issued notes. Needless to say, a tremendous opportunity for the Canadian specialist, and one we dont expect to repeat in the near future. PMG Comments "Previously Mounted".
