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20 Dollars

Issuer Merchants Bank of Canada
Year 1903
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Reference(s) P#S1158
Obverse description Large intaglio vignette of a steer's head at left, with elaborate guilloche border. Bank title THE MERCHANTS BANK OF CANADA in bold lettering at top center, serial numbers in red at upper left and right. Denomination numeral 20 at center within ornate lathe-work, date MONTREAL, 2ND JANUARY 1903 below; SPECIMEN overprint in red at bottom center.
Obverse lettering DOMINION OF CANADA
THE MERCHANTS BANK OF CANADA
WILL PAY TO BEARER ON DEMAND
TWENTY DOLLARS
CAPITAL $6,000,000
CHARTERED BY ACT OF PARLIAMENT
MONTREAL, 2ND JANUARY 1903
COUNTERSIGNED
SPECIMEN
AMERICAN BANK NOTE COMPANY, OTTAWA
Reverse description Black intaglio on multicolor guilloche underprint in green and red. Bank crest at center within a circular lathe-work vignette, flanked by two large denomination counters each bearing the numeral 20. Intricate engine-turned rosette patterns fill the field, with THE MERCHANTS BANK OF CANADA inscribed in an arc above the crest and OF CANADA below.
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