100 Dollars

The Royal Bank of Canada was still operating primarily out of Montreal when this note was issued, having only recently absorbed the Union Bank of Halifax and expanded aggressively into the Caribbean. The $100 denomination served wholesale and interbank settlement far more than retail trade — ordinary Canadians rarely handled notes of this value, and most examples that survived did so because they were repatriated from branch vaults rather than worn out in circulation.

American Bank Note Company held the Royal Bank contract for this period, a common arrangement for Canadian chartered banks who preferred the security and engraving quality that ABNC could guarantee over domestic options.