1 Dollar

The Agricultural Bank of Montreal was chartered in 1837 but operated on shaky footing almost from the start, never achieving the capitalization its promoters promised. It collapsed in 1837 — the same year as its charter — making any note issued under its name during the 1841–1846 window part of a complicated post-failure story involving lingering obligations, asset sales, and creditor disputes that dragged through Lower Canadian courts for years.

Notes from failed colonial banks that continued to circulate informally after insolvency are among the most historically tangled instruments in Canadian numismatics. Whether any example in collectors' hands today passed through actual commerce or was simply unissued remainder stock is rarely documented.