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<p>The exceptionally rare Bank of Canada $500 1935 BC-17 English Text, graded by PCGS Banknote as About UNC 53 PPQ, sold for $228,000 to lead the auction, which closed with $1,975,746 in cumulative sales.</p>
<p>When the Bank of Canada opened in March 1935, its first issues were smallsized banknotes to replace the larger format notes previously issued under the Dominion of Canada and by government chartered private banks. It produced notes in denominations ranging from $1 to $1,000&mdash;some with English text and some with French and the $500 had the smallest print total for both languages. One of just a dozen examples believed to remain in private hands, this example is stunning, graded About Uncirculated and carrying the PPQ designation.</p>
<p>&ldquo;This auction brought exceptional results for banknotes from all around the world,&rdquo; says Dustin Johnston, vice president of numismatics at Heritage Auctions. &ldquo;The results show that the market for high-end world paper money is as strong as ever and reaffirmed Heritage&rsquo;s position as the premier destination for the most serious of world paper-money collectors.&rdquo;</p>
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1935 Bank of Canada $500 English Text Boosts Heritage's World Paper Money Auction to Nearly $2M

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