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10 Dollars
| Issuer | Federal Bank of Canada, Toronto |
|---|---|
| Year | 1874 |
| Type | Log in to see details |
| Value | 10 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE FEDERAL BANK OF CANADA TEN 10 Will Pay Ten Dollars to bearer on demand Toronto 1st July 1874 5698 Canada Bank Note Printing Co. |
| Reverse description | Printed in green, the reverse carries the bank name 'FEDERAL BANK OF CANADA' in bold arched lettering across the top and 'OF CANADA' at the bottom, surrounding a large central guilloche medallion with interlocking geometric lathe-work. A red Canadian revenue or Dominion stamp has been affixed to the centre of the note. |
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| Comments |
The Federal Bank of Canada was a short-lived chartered bank, incorporated in 1874 and failed in 1888 — one of the earlier casualties of the consolidation pressure that would thin Ontario's private banking sector considerably before the century ended. Notes issued under its charter were private obligations, not government currency, redeemable at the bank's own counter.
The Canada Bank Note Printing Co. was itself still a young operation in 1874, having only recently consolidated several smaller engraving firms in Toronto. Early impressions from this printer show occasional unevenness in the intaglio plate work, worth examining closely on surviving examples of this series.