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20 Dollars Canadian Bank of Commerce
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1921 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Black on green underprint with light red tint at the bottom signature panel. A seated allegorical female figure occupies the centre vignette, surrounded by intricate guilloche work. The denomination numeral 20 appears in counters at both left and right. |
|---|---|
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| Reverse lettering | TWENTY THE CANADIAN BANK OF COMMERCE EST. 1867 AMERICAN BANK NOTE COMPANY, OTTAWA. |
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| Comments |
The Canadian Bank of Commerce was one of the dominant chartered banks operating under the Bank Act, which permitted private note issue in Canada until the Bank of Canada Act of 1934 effectively ended the practice. By 1921, chartered bank notes were already a shrinking part of the circulating supply, squeezed out by Dominion of Canada notes at the lower denominations. A $20 face value meant this note was aimed squarely at commercial transactions rather than everyday retail use.
The American Bank Note Company had relocated its Ottawa operation from its earlier Canadian printing base, making the Ottawa attribution accurate for this period rather than a misreading of a branch imprint.