100 Dollars

The Dominion Bank was a mid-sized Toronto-chartered institution that survived the worst of the Depression years before eventually merging with the Toronto-Dominion Bank in 1955. By 1931, Canadian chartered banks were still exercising their legal right to issue their own circulating notes — a privilege that would be effectively extinguished when the Bank of Canada opened in 1935 and began absorbing private bank note circulation.

A $100 denomination in 1931 was not a note that changed hands in daily commerce. High-value chartered bank notes of this period moved primarily between businesses and financial institutions, which means genuine circulation wear is uncommon — but so is survival in any form, given systematic redemption and destruction after 1935.

The Canadian Bank Note Company held the contract for this series throughout the period.