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5 Dollars

Issuer Macdonald & Co., Bankers
Year 1863
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Value 5 Dollars
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Obverse description Central vignette of the British Royal Arms with lion and unicorn supporters, flanked by numeral 5 in scalloped cartouches at upper left and right. Lower left and right corners bear small portrait vignettes. Bold letterpress firm name MACDONALD & CO. / BANKERS across centre, with handwritten promise-to-pay text dated 6 Sept. 1863.
Obverse lettering MACDONALD & CO.
BANKERS
ESTABLISHED 1859
Victoria
VANCOUVERS ISLAND.
NUMBER
We promise to pay the Bearer on demand at our Office here the sum of Five Dollars for value received 6 Sept. 1863
5
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Comments

Macdonald & Co. was a private banking house operating in British Columbia during the Fraser River and Cariboo gold rush years. Private bank notes circulated freely in the colony at this period — the colonial government had not established a chartered bank with note-issuing authority, leaving the field open to merchant bankers willing to back their paper with gold dust on deposit.

Britton & Co. of San Francisco handled much of the commercial engraving and printing work for Pacific Coast businesses in this period, including trade cards, certificates, and currency for issuers on both sides of the border. The firm was not a security printer in the formal sense, which partly explains why these notes are considered quite rare today — the issuing house itself was short-lived.

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