50 Dollars

The Banque Canadienne Nationale was formed in 1924 through the merger of the Banque Nationale and the Banque d'Hochelaga — two of Quebec's oldest chartered banks — and its note-issuing life was comparatively brief. Canadian chartered bank currency was effectively killed off by the Bank of Canada Act of 1934, which phased out private bank circulation entirely by 1950, with most institutions withdrawing much earlier once the central bank began operations in 1935.

A 1929-dated $50 from a regional Quebec institution represents a genuinely high face-value note issued just months before the crash that would reshape Canadian banking permanently. High-denomination chartered bank notes of this period rarely circulated hard — they moved between businesses and clearing houses — which cuts both ways on survivorship.