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25 Cents

Issuer Dominion of Canada
Year 1923
Type Standard circulation banknote
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Obverse description Black ink on brown guilloche underprint. Central vignette of Britannia seated with trident; inscription AUTHORIZED BY R.S.C. CAP. 31. extends across the lower portion. Signature combination of Hyndman-Saunders appears below the vignette.
Obverse lettering DOMINION OF CANADA
25 CENTS
AUTHORIZED BY R.S.C. CAP. 31.
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The 1923 25-cent Dominion note was the last of the Canadian "shinplaster" issues — a term that had stuck since the Civil War era, when soldiers supposedly used small-denomination American notes as poultices. Canada's version of the fractional currency had been revived during the First World War to prevent silver coins from being hoarded, and the series lingered into the 1920s well past any genuine emergency need.

The Hyndman-Saunders signature combination is one of four on this issue and is among the more available pairings. Shinplasters were officially demonetized in 1935 alongside the Bank of Canada's establishment.