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20 Dollars
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1935 |
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| In circulation to | 1935 |
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| Obverse lettering | THE CANADIAN BANK OF COMMERCE WILL PAY TO BEARER ON DEMAND TWENTY DOLLARS TORONTO, 2ND JUNE, 1935 20 XX |
| Reverse description | The reverse is printed entirely in red-brown intaglio and centres on the oval arms of the Canadian Bank of Commerce — a shield bearing a sailing vessel flanked by the inscription 'CANADIAN BANK OF COMMERCE' and the founding date '1867' — supported by two standing allegorical female figures, one holding a caduceus and the other with a cornucopia, symbolising Trade and Abundance. Large '20' counters appear at both the upper left and upper right, with the word 'TWENTY' set within a cartouche at the base. The border is filled with intricate lathe-work guilloche patterns and fine engine-turned ornamental frames. |
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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.