Superb Collection Of Loan Company Share Certificates Hit The Auction Block April 30th to May 2nd
Geoffrey Bell auctions is pleased to present a superb collection of loan company share certificates and related documents, the like of which has never been seen in this country. This collection is part of their exciting Spring Sale 2020 loaded with over 1700 lots of coins, currency, tokens, and much more. This exciting event is available with online bidding and a live internet auction for all three days! Absentee bidding is currently open on all lots and bidders can register easily online. This auction is not to be missed!
Prior to 1954, Canadian chartered banks were prohibited under the Bank Act from lending on mortgages. Until then, and for a century previous, private banks, insurance companies, trust companies and various savings and loan corporations filled this gap. The latter “near-banks” have received precious little attention from the numismatic community, and their history and documents may be considered the final frontier in this area of the hobby. For those seeking new avenues for collecting, this sale offers an unprecedented opportunity to select from the achievements of a very focused collector. Please see Lots 628-695 that are part of the session on May 2nd.
Some featured lots in this collection:
Lot 628 – Canada Permanent Mortgage Corporation
Stock Certificate, 60 shares, 1918. This corporation was founded in 1855 with headquarters at Toronto. It disappeared by amalgamation in the 1980s. VF
Lot 639 – The Ontario Loan and Debenture Company
London, Debenture Bond, 19__, Remainder or record copy, printed in green ink with red seal. The firm was incorporated in Ontario in 1870 and was taken over by Royal Trust Co. in 1968. One gently bent corner, otherwise new condition.
Lot 647 – East Lambton Farmers Loan and Savings Company
Forest, Ontario. Interim Stock Receipt for payment on three $50 shares, 1909, including a 15% premium on the stock. Manuscript signed by N. Tripp, Manager. Clean VF condition. Lot includes an account pass book with a single entry, a substantial deposit made in 1913. The business was incorporated in 1891. Authorized capital was $500,000; names of the executive and directors are listed on the inside back cover. Virtually new condition.
Lot 659 – The Dominion Permanent Loan Company
Permanent Stock Certificate, Toronto, 1903. Certificate is for two $100 shares, to a Mrs. Lucinda Fisher of Mount Brydges, Ont. It is printed in green and gold with red corporate seal, signed by J. R. Stratton, President, and J. M. Holland for General Manager. F-VF condition but pieces missing and major tears. This company was previously known as the Dominion Building and Loan Association (1887) until having the name changed in 1898.
Lot 694 – Canadian Pacific Railway Co Stock Certificate
10 shares Blue 1915 #A706004, train at top left, EF crisp paper. This is an extremely early Canadian Pacific certificate that almost never comes up at auction. A must have for any railway collector. Also worthy of a premium bid.
Absentee bidding is currently open in the online catalog. The auction days are Thursday April 30th at 6PM Eastern, Friday May 1st at 6PM Eastern, and Saturday May 2nd also at 6PM Eastern. Geoffrey Bell Auctions and iCollector.com are excited to bring this auction to a worldwide audience; and will answer any questions from bidders about the pieces up for auction or how to get involved.