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| 正面描述 | The obverse is engraved in a rich green palette with a central guilloche vignette enclosing the large numeral "20" and the text "TWENTY DOLLARS", flanked by corner numerals. To the left, a circular bank seal bears a crown device with the legend "THE SOVEREIGN BANK OF CANADA". At right, an intaglio portrait of King Edward VII in regal dress is positioned within an ornate frame. The upper border carries the inscription "INCORPORATED BY ACT OF PARLIAMENT" above the bank title "The Sovereign Bank of Canada", with the date "TORONTO MAY 1ST 1907" and countersigned "TWENTY DOLLARS" below the central vignette. |
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| 正面铭文 | INCORPORATED BY ACT OF PARLIAMENT The Sovereign Bank of Canada WILL PAY TO THE BEARER ON DEMAND TWENTY DOLLARS TORONTO MAY 1ST 1907 COUNTERSIGNED TWENTY DOLLARS THE SOVEREIGN BANK OF CANADA American Bank Note Co. Ottawa PRESIDENT |
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The Sovereign Bank of Canada was chartered in 1901 and collapsed spectacularly in 1908 — one of the more sudden failures in Canadian banking history. Notes from this institution had an extremely short window of legitimate circulation, and the bank's receivership the year after this note was issued means surviving examples were frequently caught mid-circulation or redeemed at a discount during the wind-down.
The American Bank Note Company maintained a production facility in Ottawa, used for a substantial portion of Canadian chartered bank work in this period. The Sovereign Bank's failure left ABNC holding unfulfilled orders.