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3 Dollars
| Issuer | Colonial Bank of Canada |
|---|---|
| Year | 1859 |
| Type | Log in to see details |
| Value | 3 Dollars |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THREE DOLLARS COLONIAL BANK OF CANADA WILL PAY THREE DOLLARS TORONTO CAPITAL $2,000,000 INCORPORATED BY ACT OF PARLIAMENT Cashier President |
| Reverse description | Plain reverse printed on aged cotton paper with no central vignette or lettering; light guilloche underprint elements are faintly visible across the surface, consistent with period Canadian chartered bank note production. |
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| Comments |
The Colonial Bank of Canada was chartered in 1858 and operated out of Quebec, but its ambitions were short-lived — the bank collapsed before establishing any meaningful branch network, making its notes rare survivors of a failed venture rather than worn instruments of commerce. Rawdon, Wright, Hatch & Edson, the New York security printers responsible for this note, were among the most prolific bank note engravers on the continent at the time, producing paper for dozens of institutions across Canada and the United States.
The three-dollar denomination itself reflects mid-nineteenth century Canadian colonial banking convention, where odd denominations were common to facilitate specific exchange calculations against both sterling and decimal currency systems then competing for dominance.