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 Replies: 9 / Views: 4,103 |
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Pillar of the Community
Canada
1931 Posts |
Hi everyone, since clembo posted the interesting devil's hair 2 dollar bill it got me thinking and I dug out some of my canadian notes to share with you. From what I have learned.... years ago in canada banks in larger cities were allowed to issue their own money. I have not studied this in detail because I am more interested in coins. I have over time found some notes I couldn't pass up and I am now sharing what I have. Comments of course are welcome. malissa 1900 25 cents   1923 1 dollar   1923 25 cents   1937 bank of Toronto $5   1954 $1 and $2     |
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Pillar of the Community
United States
5318 Posts |
Those early notes are very interesting!  I did not realize Canada issued fractional notes as late as the 1920s. Edited by KurtS
08/12/2008 01:15 am
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Pillar of the Community
 Canada
1931 Posts |
I thought they were interesting too. Apparently it was a way to halt the large amount of american silver circulating at par in Canada. The american dollar was equalt to 80 cents canadian. The american money would be spent in stores at face value but when turned in to the bank the 20% would be deducted and canadians would lose their 20 cents. This was supposed to be a temporary fix for canadians so that canada would have time to issue canadian silver of our own. The notes became very popular with the public and this caused the government to make further issues in 1900 and 1923.
What makes me laugh is the term SHINPLASTER. From what I have read soldiers would use the earlier notes during the revolutionary war as a lining in their boots to prevent chafing on their ankles and shins from the boots. As old s they are and as interesting as they are, they are only worth about $10 each in the worst condition.
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Pillar of the Community
United States
5318 Posts |
Hmm...interesting, I did not suspect that reason. I'm not quite sure why Canadians would get penalized for turning in US money, since the exchange value was higher, but I haven't thought it out too hard here.  We used to use Canadian money at par when I was a kid up north. Those shinplasters could have been Continental Currency. Notes were issues with little backing during that war, and gave rise to another saying "not worth a Continental". Edited by KurtS
08/12/2008 02:27 am
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Valued Member
United States
442 Posts |
Malissadawn, Nice notes you have there. You've obviously done more research than I'm willing to. I just always wanted a Devil's Head and got them. clembo |
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Pillar of the Community
Canada
1931 Posts |
when I got my 54's I didnt even know there was anything special (or in my case not special) about the bills. I personally think it's really silly. on bills they change them to get the devil out and in 53 they had to change coins to make sure the queen looked like she had a shirt on. it's ridiculous but gives us all something to try to get.
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Pillar of the Community
Australia
2830 Posts |
G'day,
quote: "in 53 they had to change coins to make sure the queen looked like she had a shirt on"
I think you'll find that a strap was added, over her shoulder, as, apparently, H.M. didn't appear in strapless dresses. There are two varieties of Canadian silver dollar of 1953:
NSS - no shoulder strap
SS - shoulder strap
These are sometimes abbreviated to:
NSF - no shoulder fold
SF - shoulder fold
The first Australian coins to bear the effigy of QE2 appeared in 1953, with the obverse legend:
ELIZABETH.II.DEI.GRATIA.REGINA +
this was used again in 1954. But, in 1955*, a new legend appeared:
ELIZABETH.II.DEI.GRATIA.REGINA.F:D: +
[*the halfpenny of 1955 persisted with the old legend]
I've heard an explanation for the reappearance of "F:D:", which had appeared on the KE7, KG5, and KG6 Australian coinage. But I've never seen anything to satisfy me that the explanation is authoritative, rather than speculative.
Anyway, such petty details, and the "Devil's Head" notes, etc., keep us collectors occupied. I always believe that the best hobbies are those that keep us off the streets and out of the pubs.
Peter in Oz
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Valued Member
United States
442 Posts |
malissadawn, The Devil's Head may seem silly to you but the Queen thought otherwise.  I don't know the whole story but here's how I understand it. The designer of the note was supposedly anti-Loyalist and intentionally designed her hair that way. A rather strong political statement. When this came to light shall we say the Queen was not amused. clembo |
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Pillar of the Community
United States
5318 Posts |
Quote:
I think you'll find that a strap was added, over her shoulder, as, apparently, H.M. didn't appear in strapless dresses. I suppose that wouldn't be very Queen-like. As a bit of added trivia to Peter's--when the new effigy was designed, it had too much relief to be struck effectively. The strap was originally there, but apparently could not be hubbed well enough to transfer to the die and then to the coins. Other details were also lost in the hair and laureate. Therefore, the "shoulder strap" effigy version reflects a lower-relief design which was adopted for coinage from '54 onwards. The source of my info is Chartlon's Catalogue for Canadian coins. Edited by KurtS
08/17/2008 2:13 pm
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Pillar of the Community
United States
4541 Posts |
Is the one dollar the old king?
I have some of those 1954 notes also. The bank of the 1 looks like smallville filmed in canada I also have a couple of 5s 1 1979 the other 1986... I like the back of the 1979
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Replies: 9 / Views: 4,103 |
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Posted 08/12/2008 01:31 am
