1.000 Dollars

The 1935 Bank of Canada series was the first issued after the Bank's founding that same year — Canada had operated without a central bank until the Great Depression forced the issue politically. This $1,000 note is the highest denomination from that inaugural series, and very few were printed relative to the lower values. It circulated primarily for large interbank settlements, not retail transactions, which means surviving examples often show less handling wear than their rarity would suggest.

Osborne served as the Bank's first Deputy Governor; Towers, its first Governor — both signatures appearing on a note from the Bank's inaugural year gives this piece a particular documentary weight that later reissues lack.