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2 Dollars = 10 Shillings

Issuer Bank of the People
Year 18xx
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Composition Cotton paper
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Reverse description Printed in reverse (mirror image) as a back-printing impression in blue-grey, showing through the note. Octagonal denomination counters at corners, central allegorical seated figure vignette at top, sailboat vignettes at sides, with issuer name and denomination legends visible in mirror script. Two punch-cancellation holes at lower centre.
Reverse lettering BANK OF THE PEOPLE / TEN SHILLINGS CURRENCY / TORONTO / UPPER CANADA / TWO DOLLARS
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Comments

The Bank of the People was a chartered Upper Canadian institution, and the dual denomination — dollars alongside shillings — reflects the awkward monetary reality of pre-Confederation Canada, where American dollars and British sterling fractions circulated simultaneously and neither had clean supremacy. The 10 shillings / 2 dollar equivalence locks this note to the old Halifax Currency system, in which a dollar was valued at five shillings.

Durand, Burton & Edmonds operated in New York during a narrow window in the 1830s–40s before the firm reorganized under different partnerships. Provincial banks routinely sourced their plates from American security printers; the border meant little to the engraving trade.

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