Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Dollar
| Issuer | Exchange Bank of Toronto |
|---|---|
| Year | 1855 |
| Type | Log in to see details |
| Value | 1 Dollar |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EXCHANGE BANK OF TORONTO UPPER CANADA SECURED BY DEPOSIT OF PROVINCIAL SECURITIES ONE DOLLAR Will pay to the bearer on demand May 1st 1855 Toronto ONE 1 |
| Reverse description | The reverse is entirely unprinted, presenting a plain expanse of aged cotton paper with no design, text, or ornamentation, consistent with the practice of many private Canadian chartered bank issues of the mid-nineteenth century. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The Exchange Bank of Toronto was a short-lived institution, chartered in the early 1850s during a period when Upper Canada's banking sector was expanding rapidly on the back of railway speculation and commercial credit demand. It did not survive the decade — the bank failed before Confederation, leaving its notes as stranded liabilities that circulated at a discount, if at all, in their final months.
Printed in Canada at a time when most private bank notes of comparable quality were being sent to American bank note companies in New York or Boston, this issue is among the earlier locally printed commercial bank notes from the Toronto market.