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10 Dollars = 2 Pounds-10 Shillings

Issuer Bank of Montreal
Year 1835
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Value 10 Dollars
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Obverse description Black intaglio print on white paper. Central vignette of a seated allegorical female figure at upper center, with a male portrait in a circular frame below; ornate numeral 10 counters occupy all four corners. Signature varieties exist.
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Reverse description Plain unprinted reverse in cream-toned paper, with no vignette or text.
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Comments

Fairman, Draper and Underwood were among the most accomplished security engravers working in North America in the 1830s, their Philadelphia operation producing plates of a quality that Canadian chartered banks actively sought out over domestic alternatives. The Bank of Montreal, chartered in 1817 and by 1835 firmly established as the dominant commercial institution in British North America, used this dual-denomination format — dollars alongside pounds-shillings — as a practical necessity, not an affectation. The two currencies circulated simultaneously, and a note that spoke only one monetary language would have been commercially limiting in a colony where British sterling accounts and American dollar dealings overlapped daily.

The 1835 date places this issue well before Confederation and before any standardized Canadian currency legislation. Survival rate is low; chartered bank paper from this decade was subject to redemption, fire, and institutional purges of old stock.

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