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4 Dollars = 20 Shillings

Issuer Banque du Peuple
Year 1847
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Shape Rectangular
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Obverse description Black on white, with blue TORONTO overprint. Left vignette shows a seated carpenter, top centre-right carries a pastoral scene of milkmaids with cattle, and the right vignette presents a blacksmith at his forge. Signature varieties exist.
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Reverse description Printed in blue, centred on an oval intaglio portrait vignette of a young woman within an elaborate foliate guilloche frame, flanked by large numeral 4 denominational counters on each side, also rendered in blue.
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Comments

The Banque du Peuple was a Montreal cooperative credit institution founded in 1844 primarily to serve French-Canadian merchants and artisans who found themselves systematically excluded from credit at the English-dominated banks. The dual denomination — four dollars and twenty shillings simultaneously — reflects the genuinely awkward monetary reality of pre-Confederation Canada, where Halifax currency, York currency, and U.S. dollars all circulated in parallel, and a bank issuing only one denomination unit risked alienating half its customer base.

Toppan, Carpenter & Co. of Philadelphia was among the most respected security printers in North America at the time, later absorbed into the American Bank Note Company in 1858.

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