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20 Dollars
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1935 |
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| Value | 20 Dollars |
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| Obverse description | The obverse is dominated by the bank title 'THE CANADIAN BANK OF COMMERCE' in bold lettering across the top, with large '20' numerals and Roman numeral 'XX' at the lower corners. To the left, an allegorical male figure identified as Neptune or a river god reclines against rocks, while to the right a group of three classical female figures — representing Commerce or the Arts — is rendered in fine intaglio engraving against a guilloche underprint in pale rose and yellow. The centre bears the promise text 'WILL PAY TO BEARER ON DEMAND', the denomination 'TWENTY DOLLARS' in red, the date 'TORONTO, 2ND JUNE, 1935', and two serial numbers flanking a crowned heraldic vignette, with two manuscript signatures below. |
|---|---|
| Obverse lettering | THE CANADIAN BANK OF COMMERCE WILL PAY TO BEARER ON DEMAND TWENTY DOLLARS TORONTO, 2ND JUNE, 1935 20 XX |
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| Comments |
The Canadian Bank of Commerce was one of several chartered banks still issuing their own Dominion-authorized notes in 1935 — a practice that would effectively end two years later when the Bank of Canada assumed sole responsibility for currency issuance in Canada. This note belongs to the last generation of privately issued Canadian chartered bank currency, a system that had operated since Confederation.
The Canadian Bank Note Company printed for multiple chartered banks simultaneously during this final period, and the 1935 series was produced knowing the window was closing. Surviving high-denomination examples like this twenty are scarcer than the lower values, which saw heavier counter use before redemption.