1 Dollar

The Farmers' Joint Stock Banking Company was one of the short-lived Upper Canadian chartered banks that never quite found its footing. Incorporated in 1849, it operated for only a few years before failing — a common fate among Ontario's mid-century joint-stock banking experiments, where undercapitalization and speculative lending repeatedly ended in collapse and note-holder losses.

Surviving examples from this issuer are genuinely rare. The bank's brief operational window means total note production was limited, and failures of this kind typically saw outstanding currency redeemed at a discount or rendered worthless entirely, giving holders little reason to preserve specimens.