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7 Dollars

Uitgever Molsons Bank
Jaar 1871
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Rectangular
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde The obverse carries large numeral '7' vignettes in the upper left and right corners, with a central intaglio vignette of two men engaged in a logging or sawmill scene set against a rural landscape. Oval portrait medallions of two bearded male figures appear at the lower left and right flanking the central vignette, all set against an intricate golden guilloche underprint. The upper border bears the inscription 'DOMINION OF CANADA' and 'TO BEARER ON DEMAND', with 'THE MOLSONS BANK' in bold letterpress across the top centre, and 'SEVEN DOLLARS' in decorative lettering below the central vignette.
Opschrift voorzijde DOMINION OF CANADA
TO BEARER ON DEMAND
THE MOLSONS BANK
SEVEN DOLLARS
7
B
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

The $7 denomination is one of the stranger artifacts of pre-Confederation and early post-Confederation Canadian banking. Under the free banking arrangements of the era, chartered banks could issue notes in almost any denomination they chose, and several — including Molsons — issued $7 notes specifically to complicate counterfeiting. The logic: a forger setting up to copy a $5 or $10 note had templates and incentive; an odd denomination disrupted that calculus.

Molsons Bank, chartered in 1855 and operating out of Montreal, was one of the more conservative private issuers of the period. The Canadian Bank Note Printing Co. was itself newly established in Montreal at this time, having consolidated several smaller engraving operations.

The Bank Act of 1871 — passed the same year this note was issued — began restricting private bank note denominations, which effectively killed the $7 note almost immediately after printing.

MISSCHIEN OOK INTERESSANT