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2 Dollars
| Issuer | Royal Canadian Bank, Toronto |
|---|---|
| Year | 1865 |
| Type | Log in to see details |
| Value | 2 Dollars |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Black intaglio print on white paper with a green underprint. The bank title "The Royal Canadian Bank" runs across the top in ornate Gothic lettering, flanked by numeral "2" counters at each upper corner. A central vignette displays the Canadian coat of arms supported by a lion and a unicorn, with the denomination "Two Dollars" in large script below on a green guilloche panel. To the left is an intaglio portrait of a young military figure in uniform, and to the right stands a vignette of a lumberman, both rendered in fine engraved line work. |
|---|---|
| Obverse lettering | Log in to see details |
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| Variants | S1944Ba - text above Bank seal: "At its Banking House in Toronto" S1944B[b] - text above Bank seal: "At its Agency in Montreal" (not confirmed) |
| Comments |
The Royal Canadian Bank was chartered in 1864 and failed spectacularly in 1887, leaving noteholders scrambling for redemption through the liquidation process. It was one of several Toronto-based chartered banks of the period that overextended credit during Ontario's post-Confederation growth and never recovered from the contractions that followed.
The American Bank Note Company in New York was the dominant supplier of chartered bank paper to Canadian issuers throughout the 1860s — domestic printing capacity simply couldn't match ABNCo's intaglio quality. Woodside served as cashier and Metcalf as president, the standard signing arrangement for Canadian chartered notes of this period.