National Currency Collection

Canada, Farmers Bank of St. Johns, 2 dollars : December 4, 1837

Story

Don’t trust a bank you’ve never heard of

Phantom banks were not banks but the brainchildren of shady characters who produced legitimate looking bank notes without any capital to back them up. These bank notes found their way into circulation in exchange for goods or services, however, when an unsuspecting individual attempted to redeem them for hard currency, they would find there was none to be had.

Item Details

Categorization

Collection
Note
Class
Commercial
Name
Bank note
Form
Spurious

Locations

Country
Canada
Province
Lower Canada
City
St. John's

Denominations

2 dollars

Dates

Issuing date
December 4, 1837

Authorities

Issuing authority
Farmers Bank of St. Johns

Designs

Subject
Phantom bank

Production Types

Printer
Unknown
Imprint
None

Measurements

Object

Horizontal
178mm
Vertical
78mm

Materials

Object
Paper

30 Bank Street
Ottawa, ON
K1A 0G9, CANADA
613 782-8914