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5 Dollars
| Issuer | Colonial Bank of Canada |
|---|---|
| Year | 1859 |
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| Composition | Cotton paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FIVE DOLLARS COLONIAL BANK OF CANADA WILL PAY Five Dollars to Bearer on demand TORONTO INCORPORATED BY ACT OF PARLIAMENT President Cashier AMERICAN BANK NOTE COMPANY NEW YORK |
| Reverse description | The reverse is largely unprinted, showing plain cream-coloured cotton paper with faint ghost impressions from the obverse printing visible through the sheet, consistent with the thin paper stock typical of mid-nineteenth-century Canadian chartered bank issues. |
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| Comments |
The Colonial Bank of Canada was a short-lived institution — chartered in 1856 and absorbed into the Canadian banking system before Confederation reshaped the financial order. This 1859 note represents one of the few denominations it actually placed into circulation, printed by the American Bank Note Company at a moment when ABNC was consolidating its dominance over Canadian chartered bank work, absorbing several smaller security printing firms through the late 1850s.
Pick #1670 is genuinely scarce. The bank's brief operating life meant limited print runs and little reason for the public to retain examples after redemption windows closed.