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Prior to the formation of the Bank of Canada in 1934 and the first Bank of Canada notes issued in 1935, most of Canada's banknotes of $5 and higher denominations were issued by the Chartered banks. This is a $50 banknote as issued by the National Bank / La Banque Nationale.
This note was a sample of the initial printing of this issue in 1922, and has recently been obtained from the archive vaults of the National Bank of Canada. Less than 150 of these notes are believed to exist. Early $50 notes are all rare and highly sought after. There are no issued notes of this type known to have survived, although other rare notes of this era and denomination typically sell for between $5,000 and $15,000. This note is exactly as an issued note, except that it is marked specimen rather than having serial numbers or a signature at the left side.
Face Design: Bank official Geo. E. Amyot (bilingual)
Back Design: Bank name, counters and Arms of the City of Quebec
"Gem Uncirculated 65" Condition:
This near perfect note has been graded as "Gem Uncirculated 65". Most surviving specimen notes from this issue were used as samples to show bank employees what the new issue would look like. These sample notes usually show some signs of handling and are usually graded as typical "uncirculated 60". However, a small number of original new notes were kept by the main bank office in 1922 and never handled. These pristine near perfect notes have exceptional paper quality and are absolutely beautiful. They are also much rarer than the typical "uncirculated 60" notes. The note comes sealed in protective packaging from Canadian Coin & Currency verifying their professional opinion of the grade of the note and that it is genuine.
Rarity: This is one of less than 150 specimen notes of this issue believed to exist.
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 from the National Bank of Canada.
• $50 1922 National Bank Rare Specimen Chartered Bank Note "GEM UNCIRCULATED 65" CONDITION
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This product comes with a 30-day warranty.