Catalog
2 Dollars = 10 Shillings
| Issuer | Agricultural Bank, Toronto |
|---|---|
| Year | 1834 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | AGRICULTURAL BANK. TWO 2 We promise to pay the Bearer on demand, at our Office in Toronto, TEN Shillings Currency TORONTO For Messrs. Truscott, Green & Co. |
| Reverse description | The reverse is unprinted, showing plain cream-white cotton paper with visible aging, creasing, and staining consistent with circulation wear, with no printed design, vignettes, or lettering present. |
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| Comments |
The Agricultural Bank of Toronto was a short-lived private institution that collapsed in 1837, caught in the widespread bank failures that swept Upper Canada during the financial panic of that year. Notes like this one were left unredeemed when the bank suspended operations, which makes surviving examples a product of disaster rather than routine retirement.
The dual denomination — dollars and shillings — reflects the monetary confusion of pre-Confederation Canada, where American dollars and British sterling coexisted in daily commerce with no fixed official hierarchy. Issuers had to satisfy both.