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50 Dollars

Uitgever Metropolitan Bank
Jaar 1902
Type Standard circulation banknote
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Opschrift voorzijde THE METROPOLITAN BANK
WILL PAY TO THE BEARER ON DEMAND
TORONTO
NOVEMBER 5TH 1902
FIFTY DOLLARS
50
PRESIDENT
COUNTERSIGNED
AMERICAN BANK NOTE COMPANY, OTTAWA
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde THE METROPOLITAN BANK
FIFTY DOLLARS
50
AMERICAN BANK NOTE COMPANY, OTTAWA
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Opmerkingen

The Metropolitan Bank was chartered in 1902 under the Bank Act of Canada, making this $50 note among the earliest issues the institution ever produced. High-denomination chartered bank notes of this period saw limited actual hand-to-hand circulation — they functioned primarily in settlement between commercial houses and clearing transactions, which means genuine wear on a $50 is far less common than on the $5 or $10 from the same series.

The American Bank Note Company's Ottawa plant, established in 1897, handled the bulk of Canadian chartered bank printing by the early twentieth century, having absorbed much of the work previously sent to New York or London engravers.

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