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Auction: 321 - The Numismatic Collector's Series Sale and Stocks and Bonds of the Americas
Lot: 150

Canada. The Merchant's Bank of Prince Edward Island. 1 Dollar. Charlottetown, 1877. Ch.470-10-04-02. Fully engraved date. No. 39539 in blue. No overprint. Farmer ploughing with team of horses upper left, sailor standing by rail lower right. The Merchants Bank of PEI was absorbed by the Canadian Bank of Commerce in 1906. Only 5 notes of this type are known to exist, while only 21 issued 1 Dollar notes of any type or date from this bank are known to exist. Good-VG, tape remnant on side back, cashier's signature strong, president's faded, some thinning back center.

Estimate
$4,500 to $5,000