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10 Dollars
| Issuer | Bank of Prince Edward Island |
|---|---|
| Year | 1872 |
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| Reference(s) | P#S1932 |
| Obverse description | Printed in black on white paper, the obverse is centred on a large vignette of a sailing vessel under full sail on a rough sea, with ornate lathe-work ovals bearing the numeral '10' at upper left and right. A vignette of a standing male figure — likely a farmer or labourer — occupies the lower left, while a domed building with floral ornament appears at lower right. The issuer's name 'BANK OF PRINCE EDWARD ISLAND' and denomination 'Ten Dollars' are rendered in bold letterpress across the central field, with the promise-to-pay text, date 'Jan. 2, 1872,' serial number, and manuscript signatures of the Cashier and President at the lower margin. |
|---|---|
| Obverse lettering | BANK OF PRINCE EDWARD ISLAND Ten Dollars Will pay to Bearer on demand at Charlottetown Jan. 2, 1872 Cashier President Out of the Joint funds of the Corporation The President Directors & Co. British American Bank Note Co. Montreal & Ottawa |
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| Comments |
The Bank of Prince Edward Island was chartered in 1856 but operated for a remarkably short window — the institution collapsed in 1881, leaving noteholders with significant losses and triggering a prolonged legal dispute over the liquidation of assets. Notes from the 1872 series were in active circulation right through that failure, which means heavily worn survivors are actually more common than one might expect; the bank never managed an orderly redemption.
The British American Bank Note Company had only been established in 1866, a consolidation of two earlier Montreal engraving firms. This note falls within their earliest production decade, before their processes fully standardized.