Catalog
5 Dollars
| Issuer | Quebec Bank |
|---|---|
| Year | 1863 |
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| Value | Log in to see details |
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| Reference(s) | P#S1348 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE QUEBEC BANK FIVE DOLLARS FOR VALUE RECEIVED CHARTERED BY ACT OF PARLIAMENT FIVE 5 FIVE |
| Reverse description | The reverse is largely plain, printed on cream-coloured cotton paper with faint residual underprint impressions visible when examined closely. A handwritten annotation reading 'plate proof' appears in the upper right area, consistent with a proof impression on india paper or card mounted for archive purposes. Two faint oval guilloche watermark-style impressions are discernible at left and right. |
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| Comments |
The Quebec Bank was chartered in 1818 and operated until 1917, when it was absorbed by the Royal Bank of Canada following a liquidity crisis tied to wartime credit strain. This note predates Confederation by four years — at the time of issue, Quebec Bank was operating under the currency framework of the Province of Canada, before the Dominion's own dollar was formally established through the Currency Act of 1871.
The American Bank Note Company had relocated its operations to New York following the 1858 merger of several competing security printers. Their work for Canadian chartered banks during this period was extensive, and the Quebec Bank was one of dozens of colonial and provincial issuers contracting with ABNC rather than maintaining any domestic printing arrangement.