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500 Dollars

Issuer Province of Canada
Year 1866
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Shape Rectangular
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Reverse lettering PROVINCE
OF CANADA
500
British American Bank Note Co. Montreal & Ottawa
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Variants P#7Aa - vertical overprint: PAYABLE AT MONTREAL; proofs only
P#7Ab - vertical overprint: PAYABLE AT TORONTO; face proof only
Comments

The Province of Canada ceased to exist the following year — Confederation in 1867 dissolved it into the new Dominion — which means this note was issued right at the end of an administrative entity, not the beginning of one. The British American Bank Note Company had only been incorporated in 1866 itself, making this among the earliest work produced under that name, formed from the merger of two predecessor firms operating out of Montreal and Ottawa.

At $500, this was not a note that moved through ordinary hands. Denominations at this level served interbank settlement and large commercial transactions. Surviving examples are exceptionally rare for obvious reasons: few were printed, fewer circulated, and almost none escaped eventual destruction by redemption.

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