$5 1889 Union Bank Of Newfoundland - Rare Proof

Item Number

$5 1889 Union Bank Of Newfoundland - Rare Proof
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$5 1889 Union Bank Of Newfoundland - Rare Proof

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This is an extremely rare uncirculated original set of face and back proof notes from the Union Bank of Newfoundland $5 issue of 1889 (124 years old).  

$5 1889 Note Design
Face Design: Sailing ship "Fishing Smack"/cherub/steamships and sailboats
Back Design: Cattle at pond

While Canada and the colony of Newfoundland have a rich history of bank notes issued for circulation by the chartered banks from the early 1800s through to the early 1940s, surviving notes from most issues prior to the 1930s are extremely rare. This is especially true for some of banks operating in smaller regions, such as the Union Bank of Newfoundland. For many issues in the 1800s, there are no high grade surviving examples known, and sometimes no issued examples are known in any grade.  

In some cases, one or more original "printer's proofs" have survived as high grade examples of these rare notes. These were the actual first sample notes printed for approval by the bank president and other officials. They are usually one sided notes printed on fine paper, and often set on card stock for presentation. Engravers were sometimes permitted to keep one or more proof samples of their work, and some of these proof notes were saved for many decades by the bank note printing company.  

Today, proof notes such as this set serve as amazing time capsules, and are some of the rarest and highest museum quality numismatic items ever available to collectors.  

Union Bank Of Newfoundland, 1854-1894

The Union bank of Newfoundland was established in St. John's, Newfoundland, in 1854. Due to economic conditions the Union Bank of Newfoundland closed its doors in 1894. The Newfoundland government assumed the responsibility of redeeming the notes of the failed bank.


• $5 1889 Union Bank Of Newfoundland - Rare Proof