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York, UC- Bank of Upper Canada $5 Jan. 1, 1861 Ch. # 770-22-06-08a. ...
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York, UC- Bank of Upper Canada $5 Jan. 1, 1861 Ch. # 770-22-06-08aThis was one of the most influential early banks, having established a close relationship with the government from the moment of its organization. Its failure in 1866 marked the first important bank failure in Canadian history, with its shareholders losing all their capital, which at one time amounted to over three million dollars and the government losing another million dollars. This note is overprinted in red with the Hamilton branch notation. PMG Very Fine 25 Net, with a couple of small repairs and evidence of a previous mounting. Even with those minor flaws, it is still the finest example we have ever handled from this early issuer.
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