Canadian banknotes are typically from The Bank of Canada, The Dominion of Canada, or from a chartered bank. There are some Canadian banknotes that do not fall into one of the main categories and these other types of paper money can be extremely valuable. Province of Ontario, Prince Edward Island and Newfoundland Government banknotes are rare and very exciting to collect.
Province of Canada Banknote – 1866
Province of Canada bank notes was designed, printed and released when Canada was still a province. All of these banknotes will have the same issue date of October 1st, 1866, although the same design was printed for several years after this date. Banknotes in various denominations were issued with the most common being one-dollar, two-dollar, and five-dollar, but higher denominations were also issued at the time. Higher denomination Province of Canada notes are very hard to find today and are worth a lot of money. These bank notes will have a ‘Payable At’ location (Montreal, Toronto, St. John, and Halifax), this location will factor into the bill’s value.
Prince Edward Island Banknote – 1872
Prince Edward Island banknotes are some of the most common non-traditional bills. These banknotes were issued before the island joined the confederation in 1873. The condition will play a large role in establishing a value, but these bills will typically sell for at least $2,000.
The Government of Newfoundland Banknote – 1920 Bank notes
Bank notes from early Newfoundland are some of the most interesting and colourful bills in Canadian history. These banknotes were issued in 1920 in response to the silver change shortage at the time. In total there were just under one million banknotes printed and added to circulation at the time. These bills are not extremely rare, but a banknote if excellent condition will receive a strong value. The Newfoundland government also issued cash notes from 1901 to 1914. These notes were meant to serve as a cheque or money order from the government. During the time the country used the notes to pay construction and maintenance workers. The bills were treated as cash and could be redeemed at a local bank. The notes were destroyed by the bank after the owner exchanged them, this can make them very hard to locate today. Any denomination over one-dollar is rare and extremely valuable.