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3 Dollars

Issuer Bank of Ottawa Montreal, Montreal
Year 1838
Type Standard circulation banknote
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Obverse lettering LOWER
CANADA
No.
MONTREAL
Bank of Ottawa Montreal
On demand pay to my Order for value
Received
THREE DOLLARS
Accepted for
The Stockholders
THREE
Reverse description The reverse is unprinted, the aged cream-coloured cotton paper exhibiting foxing, fold lines, and wear consistent with circulation. A single handwritten endorsement signature in ink appears at the centre of the otherwise blank surface.
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Comments

The Bank of Ottawa's presence in Montreal is something of a misnomer — the institution was not founded until 1874, decades after this note's date. A note catalogued as P#1913 from 1838 bearing that issuer name warrants close scrutiny: either the attribution conflates two distinct institutions, or the reference data contains an error. Canadian chartered banking before Confederation produced dozens of short-lived regional issuers, and misattributions in catalog records from this period are not uncommon.

Three-dollar denominations were a North American peculiarity of the era, driven by the practical arithmetic of Spanish dollar circulation alongside British monetary conventions.