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2 Dollars
| Issuer | Dominion of Canada |
|---|---|
| Year | 1870 |
| Type | Log in to see details |
| Value | 2 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Black on green underprint; portrait of General the Marquis de Montcalm at lower right and portrait of General James Wolfe at lower left flank a central vignette of a seated Indian chief overlooking a steam locomotive. Issued by the Dominion of Canada, Ministry of Finance, printed by the British American Bank Note Company. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | PAYABLE AT MONTREAL |
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| Comments |
The Dominion of Canada's first fractional and low-denomination note issues followed Confederation in 1867, but the federal government was slow to establish a reliable domestic printing operation. The British American Bank Note Company, founded in Montreal in 1866 but with production facilities in Ottawa, provided the critical infrastructure that made a truly Canadian-printed federal currency possible — this 1870 series being among the earliest results of that arrangement.
The Dominion notes were issued in direct competition with chartered bank notes, part of a deliberate federal strategy to crowd out private bank currency and consolidate monetary control in Ottawa. The 2-dollar denomination sat at a value heavily dominated by bank-issued paper at the time, making its acceptance uneven outside major centres.
Pick 13 is among the scarcer issues in the 1870 series; surviving examples in any condition are relatively few given the note's age and active use in trade.