You will have to chance to see some of the rarest coins and paper money.

Canadian coin auction heats up Toronto

The Canadian Legacy Public Auction and Mail Bid Sale is one of the best opportunities for numismatists to procure Canadian heritage coins. The live auction event will be taking place over three days in downtown Toronto. A joint effort between Moore Numismatic Auctions and Canadian Coin and Currency, the lots hitting the block at this event are sure to blow you away. There is something here for everyone, from the experienced collector to the beginner. This auction even includes starter collections for those who are completely new to the hobby. Don't miss out on your opportunity to score exactly the right piece for your collection. Visit iCollector and browse all the available lots for your opportunity to place a bid without ever leaving your house. Here is an overview of the types of coins you can expect to find at this auction:

Series A No. 000001
The rarest and most valuable bank note going up for auction is a $4 serial number 1 note (lot #2286). Dated July 2, 1900, the serial number on this bill indicates that it was the first one printed. This lot is in premium condition, having never been circulated. Serial number collectors select their favorite lots based on the unique six-digit number that each bill is stamped with. Curiously enough, since each bill is given a unique number, the 000001 bill and the 298837 bill are equally rare. However, there is something intriguing about having the first of anything, and thus many collectors are willing to pay a much higher price for the first of any serial.

1921 50-cent piece
The most valuable coin that will make an appearance at this auction is a 1921 50-cent piece with an ICCS quality rating of Very Good-8 (lot #1777). Known as the "King of Canadian Coins" the 1921 50 cent piece is probably the rarest and most sought-after Canadian coin in existence. The story of this famous bit of metal goes back to 1870, when the 50-cent piece was first introduced in the Canadian market. In the following years, demand for that denomination of coin tended to fluctuate wildly; so much so that in 1921, due to a sharp dip in demand, virtually all the 50 cent pieces that were minted were kept in storage instead of released to the public. It wasn't until 1929 that demand was sufficiently high again. However, the master of the mint, John Honeyford Campbell, thought that the public would be suspicious if he released the stockpile of brand new 1921 coins eight years later. Therefore, he simply melted them all down and reminted them as 1929 coins. It is believed that only approximately 70 1921 50-cent pieces made it out of the mint. As a result, they represent one of the most coveted coins to come from Canada.

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