50 Dollars

The Traders Bank of Canada was chartered in 1885 and remained a mid-sized Toronto institution until its absorption by the Royal Bank of Canada in 1912. Notes of this denomination from this issuer are genuinely scarce — the bank never had an extensive branch network, and high-denomination commercial bank notes of this period saw hard use in wholesale trade settlements before being retired quickly.

The American Bank Note Company's Ottawa plant, established to handle Canadian chartered bank work, produced this note. ABNC Ottawa output is sometimes conflated with their New York operation, but the Ottawa branch ran its own press records from the late 1890s onward.