Catalog
5 Shillings = 1 Dollar
| Issuer | Central Bank of New-Brunswick, Fredericton |
|---|---|
| Year | 1852 |
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| Value | 5 Shillings = 1 Dollar |
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|---|---|
| Obverse lettering | Central Bank of New-Brunswick The President, Directors and Company of the Promise to pay FIVE SHILLINGS out of the Joint Fund of the Corporation ONE DOLLAR Fredericton Cash Pres. |
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| Variants | S1606 - dated 01.10.1852 S1606 - dated 01.05.1853 |
| Comments |
The Central Bank of New Brunswick was a short-lived institution, chartered in 1834 and operating out of Fredericton rather than the commercial hub of Saint John — a choice that kept it perpetually at a disadvantage in trade finance. The dual denomination reflects the transitional monetary reality of mid-nineteenth century British North America, where Halifax currency and the Spanish milled dollar both circulated alongside each other, and issuers had little choice but to accommodate both systems on the same face.
The bank failed in 1865, making surviving notes from any year of issue genuinely uncommon. P#1606 is among the earlier dated examples from the series.