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5 Dollars / 1 Pound 10 Pence

Issuer Royal Bank of Canada
Year 1920
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Currency Dollar (1822-1965)
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Obverse lettering 5 ANTIGUA DOLLARS THE EQUIVALENT OF £1-0-10 THE ROYAL BANK OF CANADA WILL PAY TO THE BEARER ON DEMAND AT ST JOHN'S ANTIGUA THE SUM OF FIVE DOLLARS IN ANTIGUA CURRENCY BEING THE EQUIVALENT OF ONE POUND AND TEN PENCE St. John's Antigua January 2nd 1920 Five Antigua Dollars the equivalent of £1-0-10 REDEEMABLE ONLY IN ANTIGUA
Reverse description Dark green. The colonial arms vignette is centred, flanked on the left and right fields by the denomination in words. The bank title is centred at the bottom of the design, with the printer's imprint — AMERICAN BANKNOTE COMPANY, OTTAWA — in small text outside the bottom border.
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Comments

The Royal Bank of Canada's dual-denomination notes — expressing value simultaneously in dollars and sterling — were issued specifically for circulation in the British Caribbean territories where the bank operated branches, particularly in Trinidad, Barbados, and Jamaica. The £1/10s equivalent was a practical concession to colonies still transacting in pounds rather than dollars.

The American Bank Note Company's Ottawa facility handled the printing, which was relatively unusual — much Caribbean branch currency of this period was produced in New York. By 1920 the dual-denomination practice was already fading; most Caribbean territories had standardized sufficiently that the sterling notation was becoming redundant rather than genuinely useful.

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