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5 Pounds = 3 Pounds 6 Shillings 8 Pence Pounds Sterling
| Issuer | Bank of Prince Edward Island |
|---|---|
| Year | 1856 |
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| Composition | Cotton paper |
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| Obverse description | The obverse is dominated by a central royal coat of arms vignette flanked by two oval portrait medallions — a crowned queen at left and a naval or military figure at right — all rendered in fine intaglio engraving. The denomination '5 POUNDS' appears in large numerals on both sides of the central vignette, with 'FIVE POUNDS' repeated in full along the lower text panel. The issuer's name 'Bank of Prince Edward Island' is inscribed in bold letterpress across the lower centre, with the place of issue 'Charlottetown' noted above, and the equivalent value of £3 6s. 8d. displayed in ornate panels at the lower left and right corners. |
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| Obverse lettering | BANK OF PRINCE EDWARD ISLAND FIVE POUNDS 5 POUNDS £3.6.8 Charlottetown TO BEARER FIVE POUNDS ON DEMAND To out of the Joint Stock of said Corporation |
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| Comments |
The Bank of Prince Edward Island was chartered in 1855 and began issuing notes the following year, making this among its earliest paper. The dual denomination — expressing the colonial Island currency equivalent in pounds sterling — reflects the monetary confusion common to British North American colonies before Confederation, where local and sterling values coexisted on the same instrument as a matter of practical necessity.
The American Bank Note Company's New York plant handled security printing for numerous colonial Canadian issuers during this period. The bank itself failed in 1881, and unredeemed notes were largely written off.