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5 Dollars

Issuer Royal Bank of Canada
Year 1913
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Value 5 Dollars
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Obverse description Black intaglio print on white cotton paper with a fine guilloche border frame. Two oval portrait vignettes flank a central heraldic shield of Canada surmounted by a crown; the left portrait is the bank's cashier and the right is the president, both in formal attire. The upper panel carries the inscriptions DOMINION OF CANADA and THE ROYAL BANK OF CANADA, with WILL PAY TO BEARER ON DEMAND and the date line MONTREAL, JAN. 2ND 1913 below; two manuscript signatures appear at the bottom, with the denomination FIVE DOLLARS and numeral 5 repeated in the corners.
Obverse lettering DOMINION OF CANADA
THE ROYAL BANK OF CANADA
WILL PAY TO BEARER ON DEMAND
MONTREAL, JAN. 2ND 1913
FIVE DOLLARS
CASHIER
PRESIDENT
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Comments

The Royal Bank of Canada's 1913 series was printed by the American Bank Note Company at its Ottawa facility — one of the few ABNC operations outside the United States, established partly to satisfy Canadian regulatory preference for domestic printing. The bank had only recently consolidated its position as a national institution following its 1901 expansion beyond Quebec, and the 1913 notes reflect that ambition in their production quality.

Charter bank notes in Canada remained legal tender alongside Dominion of Canada government issues until the Bank of Canada Act of 1934 effectively ended chartered bank currency. Most surviving commercial examples from this period show heavy circulation wear — five-dollar denominations turned over constantly in trade.

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