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10 Dollars

Issuer Commercial Bank of Manitoba
Year 1885
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Shape Rectangular
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Obverse description The obverse is executed in fine intaglio engraving on a pale olive-green underprint. At the left stands an allegorical female figure, classically draped, accompanied by a globe and maritime attributes, enclosed within an ornate frame with the denomination TEN below. The centre carries the bank title and handwritten promise-to-pay text dated Winnipeg, May 1885, with a rural prairie harvest vignette to the right showing horse-drawn farm machinery at work in a grain field; denomination numerals 10 appear in counter medallions at both upper corners.
Obverse lettering COMMERCIAL BANK OF MANITOBA
WILL PAY TO
Ten Dollars
on demand
Winnipeg, May 1885
TEN
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Comments

The Commercial Bank of Manitoba had a short and troubled life. Chartered in 1884, it failed in 1893 after a run of bad loans in a collapsing prairie real estate market, leaving depositors with significant losses. Notes from this institution are genuinely scarce precisely because the bank never achieved wide distribution before its collapse — most of its paper circulated in a tight regional corridor.

The American Bank Note Company printed the entire series from its New York facilities, as was standard for Canadian chartered bank issues of the period seeking engraved security work of sufficient quality to deter counterfeiting.

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