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3 Dollars
| Issuer | Commercial Bank of Canada, Collingwood |
|---|---|
| Year | 1861 |
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| Reference(s) | P#S1721 |
| Obverse description | The obverse is an intaglio-printed composition headed by the arched legend COMMERCIAL BANK OF CANADA and the subordinate inscriptions INCORPORATED BY ACT OF PARLIAMENT and CAPITAL $1,000,000, with the central text WILL PAY ON DEMAND / THREE DOLLARS and the payable location COLLINGWOOD with manuscript date 1861. To the left, a rural agricultural vignette with figures in a wooded landscape occupies the principal pictorial field, while to the right a finely engraved bull's-head vignette provides a secondary motif. Ornate numeral 3 panels anchor each lower corner, with the printer's imprint of Lawson Bank Note Company in the lower margin. |
|---|---|
| Obverse lettering | COMMERCIAL BANK OF CANADA WILL PAY ON DEMAND THREE DOLLARS CAPITAL $1,000,000 COLLINGWOOD INCORPORATED BY ACT OF PARLIAMENT 3 THREE DOLLARS |
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| Comments |
The Commercial Bank of Canada had branches scattered across Ontario, and Collingwood — a Georgian Bay port town that had only incorporated as a village in 1858 — was an unlikely place for a chartered bank to be issuing notes. The branch was capitalizing on the town's sudden growth after the arrival of the Northern Railway terminus in 1855, which transformed the harbour into a significant grain and lumber shipping point.
The three-dollar denomination was standard in mid-nineteenth century Canadian branch banking, designed to slot between the two and four dollar notes and reduce the need for silver in everyday transactions. Lawson Bank Note Company printed for several Ontario issuers during this period before the larger American security printers consolidated the Canadian market.