Anyone familiar with Canadian currency?

[DaveG]

A Canadian friend of mine has just mailed to me what he says are two $5 bills: a 1937 $5 issued by the Bank of Toronto and a 1938 $5 issued by the Dominion Bank.

 

I'm not that familiar with Canadian currency and didn't know that any entity other than the Bank of Canada issued banknotes in the '30s.

 

I'd appreciate any info.

[Charles_Urlin_Farley-migra]

Sounds like they are Chartered Bank notes. Sorry I can't provide more info but you might try searching on that. There is some info here.

[DaveG]

Thanks for the link.

 

It sounds like the Canadians started phasing out private bank notes in 1934.

 

I wonder when they were phased out completely?

 

Gee, maybe these notes that I'm getting are valuable

[truthteller]

My 1989 Charleton gives the values as:

 

1937 Bank of Toronto $5 VG$25 VF $50 UNC$175 either signature group

 

1938 Dominion Bank $5 $25 $50 $180

 

 

In Canadian dollars with stricter grading standards than US grading.

 

 

 

 

TRUTH

[DaveG]

Thanks!

 

I posted the same question across the street (on the US & World currency forum) and Askari said that Pick gives essentially the same prices and that these issues are the last from their respective banks.

 

I love to learn something new