Rare Money Blog

Canadian Merchant Bank Note

Serial Number 1 Merchants Bank of Canada 5 Dollar

By Christopher Dahncke, Currency Auction Associate

Author: Chris Dahncke / Friday, June 26, 2020 / Categories: Paper Money of the Week

Our upcoming August auction offers an exciting and vast array of notes from a variety of countries. One is a 5 Dollar Merchants Bank of Canada issued note, CH #460-22-02. It bears the coveted serial number "000001" and plate letter "A." It is graded Extremely Fine 40 EPQ by PMG. This 5 Dollar note retains plenty of appeal, including intricate designs and dark green ink on the face and ornate lathe work on the back. The reverse of the note displays the bank name at bottom, with a seal at center and "FI5VE" counters at left and right, and the “5” denomination adorning the four corners.

Edward VIII, the Prince of Wales visited Canada in 1919 after the end of the First World War. The Prince of Wales’ informal dress and mannerisms struck the right chord with Canadians and his tour was very popular. During this trip, he would meet with the League of Canadian Indians and would also lay the foundation stone of the Peace Tower on Parliament Hill. His tour began in St. John's, Newfoundland and ended at Victoria, where the Prince laid the foundation stone of a statue of Queen Victoria.

Included with the note is a period envelope that reads: "First 5 Dollar Note of ‘a’ series issued by the Merchants Bank of Canada: to coincide with the Prince of Wales visit November 1919." Also included is a vignette by the American Bank Note Company of the Prince of Wales.

The Stack’s Bowers Galleries August sale will take place August 4-7, and will be posted online for viewing, bidding, and bidder registration at StacksBowers.com on July 10. For more information on viewing lots or assistance in registering to bid, contact [email protected]