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10 Dollars
| Issuer | Bank of Montreal |
|---|---|
| Year | 1891 |
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| Currency | Dollar (1858-date) |
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| Obverse description | Printed in green and black intaglio by the American Bank Note Company, the obverse centres on the Bank of Montreal coat of arms flanked by two allegorical figures within an elaborate guilloche border, with the denomination numeral '10' repeated in each corner. Portrait medallions of two distinguished gentlemen occupy the left and right margins, while the heading 'BANK OF MONTREAL' runs across the upper centre above the date 'JAN. 2ND, 1891' and place of issue 'MONTREAL'. The lower portion carries a countersigned manuscript signature alongside the printed title 'PRESIDENT' and the imprint 'AMERICAN BANK NOTE CO. N.Y.' |
|---|---|
| Obverse lettering | BANK OF MONTREAL MONTREAL JAN. 2ND, 1891 PAID UP CAPITAL $12,000,000 WILL PAY TO BEARER ON DEMAND TEN DOLLARS COUNTERSIGNED PRESIDENT AMERICAN BANK NOTE CO. N.Y. |
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| Comments |
The Bank of Montreal was the oldest chartered bank in Canada when this note was issued, and its relationship with the American Bank Note Company in New York was long-standing — ABNC produced much of the bank's nineteenth-century paper, a common arrangement given that no Canadian security printer of comparable quality existed domestically at the time.
The 1891 series predates the wave of Canadian bank failures and consolidations that would reshape the country's private banking system over the following two decades. Notes from solvent chartered banks of this period remained redeemable and occasionally circulated well past their nominal issue date.