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10 Dollars
| Issuer | Eastern Bank of Canada |
|---|---|
| Year | 1929 |
| Type | Log in to see details |
| Value | 10 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed entirely in blue intaglio, the reverse is framed by an elaborate guilloche border enclosing two large denomination '10' medallions at left and right. A central circular vignette bears the Eastern Bank of Canada coat of arms incorporating sailing ships and a beaver, encircled by the bank's name, while the word 'TEN' appears in ornate letterpress panels at lower left and right, with the numeral '10' repeated in the top and bottom borders and the printer's imprint at the foot. |
| Reverse lettering | EASTERN BANK OF CANADA TEN DOLLARS 10 TEN CANADIAN BANK NOTE COMPANY, LIMITED |
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| Comments |
The Eastern Bank of Canada collapsed in 1928, making any note dated 1929 an immediate puzzle. The bank had already suspended operations by September 1928 after a catastrophic run triggered by losses in western Canadian grain lending — a failure that rattled depositor confidence across the Maritime provinces and prompted renewed calls for federal deposit protection. Notes bearing the 1929 date were almost certainly printed before the suspension but never formally issued, circulating only in the hands of liquidators and creditors.
Canadian Bank Note Company held the contract for several smaller chartered banks simultaneously, and surviving sheets from failed issuers occasionally surfaced through the liquidation process rather than normal banking channels.