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1 Dollar
| Issuer | Royal Canadian Bank, Toronto |
|---|---|
| Year | 1865 |
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| Printer | American Bank Note Company |
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| Reverse description | The reverse is printed entirely in brown and displays a highly intricate lathe-work guilloche pattern of interlocking geometric and floral engine-turned designs filling the entire field. The bank name 'THE ROYAL CANADIAN BANK' is set in a central horizontal band within an ornate engraved frame, surrounded by concentric layers of fine geometric guilloche rosettes and scrollwork borders typical of American Bank Note Company production. |
| Reverse lettering | THE ROYAL CANADIAN BANK |
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| 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.