Catalog
10 Dollars
| Issuer | Bank of Montreal |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Dollar (1858-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed entirely in green, the reverse centres on a detailed architectural vignette of the Bank of Montreal's Toronto Branch building, rendered in fine intaglio engraving and framed by elaborate lathe-work guilloche borders. Large numeral 10 panels appear at the left and right within radiating sunburst guilloche rosettes, with the bank's name arched across the top and the denomination TEN DOLLARS along the lower margin. |
| Reverse lettering | BANK OF MONTREAL TORONTO BRANCH TEN DOLLARS CANADIAN BANK NOTE COMPANY, LIMITED |
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| Comments |
The Bank of Montreal was Canada's oldest chartered bank, and by 1923 its private banknote-issuing days were numbered. The Dominion government had been steadily squeezing chartered bank circulation since the 1910s, and the Bank of Canada — which would eventually assume sole note-issuing authority — was only twelve years away from its 1935 establishment. Notes from this late series were never issued in large quantities relative to earlier decades.
The Canadian Bank Note Company had been printing for the chartered banks since 1897 and held a near-monopoly on Canadian commercial note production by this period. Ottawa was both the printing location and, not coincidentally, where federal oversight of bank circulation was administered.