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20 Dollars

Issuer Bank of British North America, Montreal
Year 1911
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Value 20 Dollars
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Obverse lettering BANK OF BRITISH NORTH AMERICA
BY ROYAL CHARTER
THIS BANK
ON DEMAND
TO BEARER
TWENTY
DOLLARS
MONTREAL
JULY 3RD 1911
TWENTY DOLLARS
20
SPECIMEN
Reverse description Printed in a rich reddish-brown intaglio on white paper, the reverse is dominated by a central vignette of the Canadian coat of arms supported by two allegorical figures, above the Latin motto, all set within an elaborate guilloche surround with large numeral 20 counters at left and right. The bank title is inscribed across the top within a decorative panel, and the denomination TWENTY DOLLARS appears in a straight panel at the base.
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Comments

The Bank of British North America had been operating since 1836 under a Royal Charter granted in London, which meant its notes were always designed and printed in Britain — an arrangement that persisted well into the twentieth century even as Canadian banking consolidated rapidly around it. By 1911 the bank was already a diminishing presence against the chartered Canadian banks, and it would be absorbed by the Bank of Montreal in 1918.

Waterlow & Sons handled the printing, as they did for much of the BBNA's later note production. Pick 433 is scarce at any grade — the short window between printing and the bank's absorption meant limited issue quantities, and few examples have surfaced in dealer inventories or major auction records.

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