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10 Pounds

Issuer Bank of Nova Scotia
Year 1839-1852
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Composition Cotton paper
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Obverse description Black intaglio on white paper. Portrait of King William IV at left within an arched vignette, royal arms with supporters at upper centre, and an allegorical figure of Navigation at right. Denomination counters appear in each corner, with the bank title and value in bold letterpress across the centre.
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Reverse description The image provided is the obverse (showing through from the back as a mirror image); no distinct reverse design is visible beyond show-through of the obverse vignettes and text.
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Comments

The Bank of Nova Scotia was chartered in 1832, but its early note issue presented a persistent problem: Halifax operated outside the monetary framework of the Province of Canada, and Scottish-immigrant merchants in particular pushed for pound-denominated paper at a time when dollars were already creeping into commercial use across the Atlantic seaboard. This note exists partly because of that cultural and commercial resistance.

Early Nova Scotia chartered bank notes of this period were frequently accepted at par across the Maritime provinces but heavily discounted in Upper Canada. Ten-pound denominations circulated almost exclusively in wholesale trade and large mercantile transactions — retail commerce had no use for them.

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