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5 Dollars
| Issuer | Federal Bank of Canada, Toronto |
|---|---|
| Year | 1874 |
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| Shape | Rectangular |
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| Obverse description | Black intaglio print on white paper. Central vignette shows a standing male figure flanked by a large ornate numeral 5 with guilloche underprint, a town or harbour scene in the background. Portrait vignettes of two bearded male figures appear at lower left and lower right. The issuer name arcs across the top, with denomination repeated at both sides. |
|---|---|
| Obverse lettering | FEDERAL BANK OF CANADA FIVE DOLLARS Five Dollars Toronto PROVINCE OF ONTARIO Will pay to bearer on demand 1st July 1874 British American Bank Note Co. Montreal |
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| Comments |
The Federal Bank of Canada was chartered in 1874 and collapsed in 1888 — a fourteen-year run that ended in failure, with depositors taking losses and the note issue redeemed at a discount. Surviving notes from this issuer are scarce partly because of that messy wind-down; redemption was incomplete, and the records are thin.
The British American Bank Note Company had only recently been formed when this note was printed, established in 1866 through a merger of two earlier engraving firms. Their early Canadian chartered bank work is generally well-executed, and the Federal Bank series is no exception to that standard.
Pick S1783 places this firmly in the chartered bank private issue category — not a Dominion of Canada government note, and carrying no legal tender status.