George V (1910-1936)
|Value||5 Dollars (5 CAD)|
|Currency||Canadian dollar (1858-date)|
|Size||175.5 × 85 mm|
Numista type number (https://numista.com)
Mark Drake (editor); 2020. A Charlton Standard Catalogue / Volume 1. Canadian Coins : Numismatic issues (73rd edition). Charlton Press, Kitchener, Ontario, Canada.
And 1 more volumes.
Lettering: Signature: Williams-Taylor - Meredith
Lettering: American Banknote Company Ottawa
Until the creation of the Bank of Canada in 1934, and its first issues in 1935, most high denomination notes (mostly $5-$20) were provided by the Charter Banks such as the Bank of Montreal, the Dominion Bank, the Bank of Toronto, etc. It is important to note that this system was supported by the government itself, which explains why it issued very few $5 notes before 1935 and no $10-$20 notes. $50 notes and up were issued by the Dominion, but they were obviously not meant for daily transactions.
According to the Bank of Canada Inflation Calculator (https://www.bankofcanada.ca/rates/related/inflation-calculator/) the purchasing power of a 1914 $5 note would be $119 in 2021 Canadian dollars.
No member from this site currently wants to exchange it.