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    Toronto, ON- The Royal Canadian Bank $1 July 26, 1865 Ch # 635-10-04-02
    The first of two examples from this prohibitively rare chartered bank. Established in 1865, this bank had a history of playing fast and loose with banking regulations, suffering from incompetent management, recurrent fraud, heavy loan losses, and improper favors to politicians. Reorganized in 1869, it was wound up in an arranged merger with the City Bank in 1876 with the merged entity becoming the Consolidated Bank of Canada. This is the only $1 note we have ever seen for sale from this institution, and one which is listed in the Charlton reference in Very Good condition only. PMG Very Good 8, with the holder noting a tear.

    Auction Info

    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 364

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