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5 Dollars

Issuer Imperial Bank of Canada, Toronto
Year 1933
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Currency Dollar (1858-date)
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Obverse description Black intaglio print on white paper with a green guilloche underprint. The centre carries a large ornate numeral '5' vignette flanked by the roman numeral 'V' in green on both sides, with portrait medallions of two distinguished gentlemen to the left and right respectively. The bank title 'IMPERIAL BANK OF CANADA' is engraved in bold lettering across the top, with the place and date 'Toronto, Nov. 1st 1934' below the central vignette, and the denomination 'FIVE DOLLARS' in a solid panel at the base, accompanied by two manuscript signatures of the General Manager and President.
Obverse lettering IMPERIAL BANK OF CANADA
WILL PAY TO BEARER ON DEMAND
TORONTO
FIVE DOLLARS
GENERAL MANAGER
PRESIDENT
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Comments

The Imperial Bank of Canada was absorbed into the Canadian Imperial Bank of Commerce in 1961, but in 1933 it was still operating as a fully independent chartered bank — one of the last years any Canadian chartered bank could legally issue its own currency. The Bank of Canada Act of 1934 began the process of centralizing note issue, and by 1944 chartered bank circulation was effectively finished. Notes from this final decade of private bank issue are accordingly scarce in higher grades, partly because the transition gave banks little incentive to maintain careful inventory of their own retiring paper.

The Canadian Bank Note Company printed the bulk of late-era chartered bank issues from Ottawa, and the workmanship on this series is consistent with their high intaglio standards of the period.

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