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2 Dollars
| Issuer | Royal Canadian Bank, Toronto |
|---|---|
| Year | 1865 |
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| Reference(s) | P#S1944 |
| Obverse description | The obverse is dominated by a central heraldic vignette of the Royal Canadian Bank's coat of arms, flanked by a lion at left and a horse at right, rendered in fine intaglio engraving. A portrait vignette at the lower left depicts a young nobleman in military dress uniform, while at the lower right a seated allegorical figure of agriculture or commerce appears amid produce. The denomination TWO DOLLARS and the issuing city TORONTO are set in bold letterpress within a green guilloche underprint panel at centre, with the bank title THE ROYAL CANADIAN BANK arching across the top. |
|---|---|
| Obverse lettering | THE ROYAL CANADIAN BANK INCORPORATED BY ACT OF PARLIAMENT TWO DOLLARS TORONTO |
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| Comments |
The Royal Canadian Bank was chartered in 1869 — which means any note dated 1865 predates its formal charter, placing this in the brief window of pre-charter operation that several Canadian free banking institutions used to establish themselves before legislative approval was finalized. The bank ultimately failed in 1871, a casualty of over-extended credit and the volatile post-Confederation financial environment, and its notes were retired under receivership.
ABNCo's Toronto-area bank contracts during the 1860s were prolific, and the plates from failed institutions were sometimes retained and cancelled on-press. Whether this note's plates were formally cancelled or simply withdrawn is not documented in ABNCo's surviving records for this series.