National Bank/La Banque Nationale PMG Certified Very Fine 20 S/N 50071 pp C - Cancelled
688-882
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Product Overview
This 1891 $5 Canadian chartered banknote has been independently third-party certified by the Paper Money Guarantee Corporation (PMG) as "Very Fine 20." PMG is the largest and most widely recognized company that provides independent third-party grading of banknotes.
The note was issued by the National Bank of Canada, or La Banque Nationale as it was known in francophone Canada, at a time when Canada's chartered banks were authorized to issue their own banknotes. This is a fully issued note, hand-signed at the bottom by a bank official as the note was being issued. Like most other surviving notes of this issue, the note was redeemed by the bank more than 100 years ago, and accordingly has been punch-cancelled.
Bank History:
La Banque Nationale was founded in 1860 and had over 230,000 customers by 1918. In 1923, La Banque Nationale merged with the Provincial Bank and La Banque d'Hochelaga to form La Banque Canadienne Nationale. This was the largest francophone bank in Canada with over 260 branches. In 1979, Banque Canadienne Nationale merged with La Banque Provinciale du
Canada to form the National Bank of Canada.
• Face design: Samuel de Champlain, train, A. Gaboury
• Back design: lathework, counters, bank name, and the arms of the City of Quebec
• Charlton catalogue reference: 510-18-02
Includes:
• National Bank/La Banque Nationale PMG Certified Very Fine 20 S/N 50071 pp C - Cancelled
The note was issued by the National Bank of Canada, or La Banque Nationale as it was known in francophone Canada, at a time when Canada's chartered banks were authorized to issue their own banknotes. This is a fully issued note, hand-signed at the bottom by a bank official as the note was being issued. Like most other surviving notes of this issue, the note was redeemed by the bank more than 100 years ago, and accordingly has been punch-cancelled.
Bank History:
La Banque Nationale was founded in 1860 and had over 230,000 customers by 1918. In 1923, La Banque Nationale merged with the Provincial Bank and La Banque d'Hochelaga to form La Banque Canadienne Nationale. This was the largest francophone bank in Canada with over 260 branches. In 1979, Banque Canadienne Nationale merged with La Banque Provinciale du
Canada to form the National Bank of Canada.
• Face design: Samuel de Champlain, train, A. Gaboury
• Back design: lathework, counters, bank name, and the arms of the City of Quebec
• Charlton catalogue reference: 510-18-02
Includes:
• National Bank/La Banque Nationale PMG Certified Very Fine 20 S/N 50071 pp C - Cancelled
