Canada One Dollar and Two Dollar Bill Lot Banknote

Description

Canada one dollar and two dollar bill lot banknote
Large numbers of chartered banks were founded in the 1830s, 1850s, 1860s and 1870s, although many issued paper money for only a short time. Others, including the Montreal Bank (later called the
Bank of Montreal
), issued notes for several decades. Until 1858, many notes were issued denominated in both shillings/
pounds
and dollars (5 shillings = therefore 1 pound = ). A large number of different denominations were issued, including , , , , , , , , , , 0, 0, 0 and 00. After 1858, only dollar denominations were used. The Bank Act of 1871 limited the smallest denomination the chartered banks could issue to , increased to in 1880. To facilitate purchases below without using Dominion notes, some charted banks issued notes in unusually domesticated denominations, such as the and notes issued by the
Molsons Bank
in 1871.