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2 Dollars Dominion of Canada
| Issuer | Dominion of Canada |
|---|---|
| Year | 1887 |
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| Composition | Log in to see details |
| Size | 185 x 79 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | DOMINION OF CANADA WILL PAY TO BEARER TWO DOLLARS OTTAWA, JULY 2ND, 1887 |
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| Variants | P#21a - without series letter P#21b - series A |
| Comments |
The Dominion of Canada notes of this period were issued directly by the federal government rather than by a chartered bank — a deliberate policy choice rooted in the 1868 Currency Act, which gave Ottawa a monopoly on notes below four dollars. Private banks were frozen out of the small-denomination market entirely, making Dominion issues the primary hand-to-hand currency for everyday transactions throughout this period.
The British American Bank Note Company, formed by a merger of two earlier firms in 1866, held the federal printing contract for decades and produced the complete Dominion series. The 1887 date places this note in the middle of that long relationship, well before BABN lost ground to competing tenders in the early twentieth century.