10 Dollars

Molsons Bank was one of Canada's longest-running chartered banks, tracing its origins to the Molson brewing family and operating continuously from 1855 until its absorption into the Bank of Montreal in 1925. By 1905, Canadian chartered banks still retained the right to issue their own notes — a privilege that persisted until the Bank of Canada Act of 1934 finally consolidated currency issuance under federal control. That long overlap between private and central banking is exactly why notes like this exist at all.

The British American Bank Note Company, established in Ottawa in 1866, handled the bulk of Canadian chartered bank printing during this period and maintained consistently high engraving standards. Their intaglio work on Molsons issues is among the sharper output of the era.