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1 Dollar

Issuer Bank of British North America, Victoria
Year 1859
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Composition Cotton paper
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Obverse lettering THE BANK OF BRITISH NORTH AMERICA
INCORPORATED BY ROYAL CHARTER
VICTORIA
ONE DOLLAR
Nº 251
Victoria 1st December 1859
Vancouvers Island
DOLLAR
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Variants P#S396a - 1.12.1859
P#S396p1 - Proof. 18xx
P#S396p2 - Proof. 2.12.1867
P#S396s - Specimen. 1.12.1859
Comments

The Bank of British North America was a London-chartered institution operating branches across British North America, and the Victoria branch opened just as the Fraser River Gold Rush was transforming the region from a quiet fur-trade outpost into a chaotic boomtown. This note was issued into that environment — one where American gold dust, Hudson's Bay Company scrip, and U.S. greenbacks all competed for acceptance alongside British colonial paper.

Pick 396 is among the earliest locally-issued banknotes from what would become British Columbia, predating Confederation by over a decade. The colony of British Columbia itself wasn't formally proclaimed until August 1858, making this 1859 date extraordinarily early for institutional paper currency from the Pacific Northwest.

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