Victoria Collection (Canada, World)
Lot 2871 Session 10 (7.30pm Wednesday) Victoria Collection (Canada, World)
Estimate $400
Bid at live.noble.com.au
SOLD $540
INTERNATIONAL BANK OF CANADA, ten dollars, Toronto, June 1st 1859, No.364, imprint American Bank Note Company (P.S1826). Minor creases near edge otherwise good extremely fine.
The International Bank of Canada (1858-1859) was originally chartered in 1857 to provide banking service in Cayuga, Ontario. Amendments to the charter in 1858 permitted the bank to open in Toronto, where it operated as a 'wildcat bank' for about a year before failing in October 1859. All of the shares were owned by a Mr Reed when it failed. A man of disreputable character, Reed was also connected with The Bank of Clifton. The International Bank was a small local bank and records of September 1859 indicate notes in circulation of about $119,000. Although it failed in 1859, its charter was not repealed until 1863.
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Adjacent lots
Lot 2869
FARMER'S JOINT STOCK BANK, five dollars or twenty-five shillings, five dollars, Toronto, Feby 1st 1849. ...
Estimate $300
Lot 2870
INTERNATIONAL BANK OF CANADA, one dollar, Toronto, Septr 15th 1858 (2), September 15th 1858, No. ...
Estimate $400
Lot 2871 This lot
INTERNATIONAL BANK OF CANADA, ten dollars, Toronto, June 1st 1859, No.364, imprint American Bank Note ...
Estimate $400
Lot 2872
BANK OF PRINCE EDWARD ISLAND, twenty dollars, Charlotte Town, 1st Jany 1872, No.04463, imprint British ...
Estimate $500
Lot 2873
THE ZIMMERMAN BANK, three dollars, Elgin, undated, not numbered; three dollars, Clifton, undated, No.782, imprint ...
Estimate $250