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5 Dollars Bank of Commerce; Yukon overprint
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1898 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in green and black, with a classical allegorical female figure seated to the left, resting against a shield and accompanied by agricultural and commercial implements in an intaglio vignette. To the right, a circular medallion bears the bank's coat of arms, with the denomination numeral '5' appearing in each upper corner. The bold green 'YUKON' overprint appears twice in large block letters across the face, applied diagonally to authorize the note for circulation in the Yukon Territory, with the date 'Toronto, 2nd January 1898' and two manuscript signatures of bank officers at the bottom. |
|---|---|
| Obverse lettering | THE CANADIAN BANK OF COMMERCE Will pay FIVE DOLLARS TO BEARER ON DEMAND Toronto. 2nd January 1898. YUKON YUKON |
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| Comments |
The Canadian Bank of Commerce began operating in the Yukon in 1898, responding directly to the Klondike Gold Rush and the sudden, urgent need for chartered bank services in Dawson City. This note is a standard 1898 CBOC $5 issue with a "Yukon" overprint applied to adapt existing stock for that branch — a pragmatic solution when there was neither time nor need to commission an entirely new issue for what might prove a temporary posting.
The ABCO-printed series was already in use elsewhere in Canada. The overprint distinguished notes intended for redemption at the Yukon branch specifically, a requirement under the banking regulations of the day.