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20 Dollars

Issuer Colonial Bank of Canada
Year 1859
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Shape Rectangular
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Obverse lettering COLONIAL BANK OF CANADA
Will pay Twenty Dollars to bearer
on demand TORONTO
CAPITAL $2,000,000
INCORPORATED BY ACT OF PARLIAMENT
AMERICAN BANK NOTE COMPANY NEW YORK
Joce Bros. Draper Welch & Co.
Cashier
Pres
20
XX
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Variants S1672r - remainder (18xx)
S1672a - issued note (02.05.1859 and 04.08.1859)
Comments

The Colonial Bank of Canada had a short and troubled life. Chartered in 1856 under the Province of Canada, it never achieved the footing its organizers intended, and by the early 1860s it had failed — meaning notes issued in 1859 were in circulation for only a few years before the bank collapsed and redemption became uncertain. Surviving examples from this issuer are scarce precisely because so few were printed before operations ceased.

The American Bank Note Company, newly consolidated in 1858 from several competing New York security printers, produced this note in only its second year of operation under that name.