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1 Dollar
| Issuer | Royal Canadian Bank, Toronto |
|---|---|
| Year | 1865 |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE ROYAL CANADIAN BANK ONE DOLLAR ONE TORONTO Cashier Prest |
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| Variants | S1943Aa - blue serial number S1943Ab - red serial number S1943Ac - 2 red vertical overprints "COBOURG" S1943Ad - 2 blue overprints "T" |
| Comments |
The Royal Canadian Bank was chartered in 1864 and opened for business in Toronto the following year — this note is from its inaugural issue. The bank expanded aggressively through the late 1860s, overextended itself, and suspended payments in 1873. It never reopened. Notes presented for redemption after closure were only partially honored, and a significant quantity of outstanding paper went unpaid.
ABNC produced the plates in New York, as they did for the majority of Canadian chartered bank issues of this period. The reference number P#1943A places this in the Charlton catalog rather than the Pick system — standard for Canadian chartered bank material.