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20 Dollars

Issuer Banque Provinciale du Canada, Montreal
Year 1928
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Currency Dollar (1858-date)
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Obverse description The obverse is printed in blue-black intaglio on a fine guilloche underprint. Two male portrait vignettes flank the central panel — a bearded gentleman at left and an older gentleman at right — separated by an ornate central cartouche bearing the bilingual promise text and the large numeral '20'. The bank title 'LA BANQUE PROVINCIALE DU CANADA' runs along the upper border, with the denomination 'TWENTY' and 'VINGT' repeated in the corners and along the lower margin above the signature line.
Obverse lettering LA BANQUE PROVINCIALE DU CANADA
MONTREAL, PROVINCE DE QUÉBEC
VINGT DOLLARS À DEMANDE AU PORTEUR
20 TWENTY DOLLARS ON DEMAND TO BEARER
TWENTY
VINGT
PRESIDENT
VICE-PRESIDENT
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The Banque Provinciale du Canada had a complicated early history — formed in 1900 from the wreckage of the Banque du Peuple after its 1895 collapse, it spent decades rebuilding credibility in Quebec's francophone commercial community. By 1928, it was stable enough to commission this higher-denomination note, though the $20 face value placed it firmly in business and wholesale trade rather than retail hands.

Canadian Bank Note Company printed the series in Ottawa, as they did for the majority of Canadian chartered bank issues of the period. Chartered bank currency in Canada was still privately issued in 1928 — the Bank of Canada wouldn't open until 1935, making this note part of the last generation of commercial bank paper money the country would see.