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1 Piastre = 5 Shillings

Emittente Molsons Bank
Anno 1855
Tipo Standard circulation banknote
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Descrizione del dritto The obverse presents a central vignette of a three-masted sailing vessel under sail, flanked on the left by a seated allegorical female figure and on the right by a second allegorical vignette, with large numeral "1" counters in the lower corners. The bank title "MOLSONS BANK" is set in bold letterpress across the upper portion, with the dual denomination "UNE PIASTRE / FIVE SHILLINGS" inscribed in red below the central vignette. The place and date of issue, Toronto, October 1st 1855, appear in the lower register, with the charter legend "CHARTERED BY ACT OF PARLIAMENT" along the bottom margin.
Legenda del dritto MOLSONS BANK
UNE PIASTRE
FIVE SHILLINGS
TORONTO
October 1st 1855
CHARTERED BY ACT OF PARLIAMENT
PAYABLE AT TORONTO
CURRENCY
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Commenti

Molsons Bank, chartered in Montreal in 1855, was one of the few Canadian private banks to issue notes denominated in both piastres and shillings simultaneously — a direct response to the currency chaos of mid-19th-century British North America, where Spanish milled dollars, British sterling, and Halifax currency all circulated alongside each other with no fixed agreement on equivalence. The dual denomination on this note is a legislative artifact: Upper and Lower Canada operated under different monetary conventions, and a bank with ambitions in both provinces had to speak both languages.

The American Bank Note Company's involvement places the printing in New York, which was standard for chartered Canadian banks of this period that could not yet rely on domestic security printers of sufficient capability.

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