PMG has graded the note as VG8 noting "repaired", more to the point would be "restoration". The note displayed below is the actual note under consideration.
The item "Very Rare 1907 $50 The Merchants Bank of Canada Stag Portrait Note. PMG VG8" is in sale since Wednesday, September 20, 2017. This item is in the category "Coins & Paper Money\Paper Money\ World\North & Central America\Canada\Other Canadian Paper Money". The seller is "themonetaryman" and is located in Moncton, New Brunswick. This item can be shipped worldwide.