Composition : 99,99% silver
Mintage : 7,500

75th anniversary of the First Bank Note Issued by the Bank of Canada

The identify of a nation, its traditions, the very essence of its social, political and economic evolution are reflected in its paper money.

Canada is no different.

During of 19th century, paper money was available from a wide variety of sources: pre-Confederation (provincial) governments, chartered banks and private banks. Over a period of 175 years, more than 100 note-issuing banks operated in Canada. Various denominations were issued, including $3, $5, $6, $7 and $8 notes.

Through an act of Parliament, the Bank of Canada began operating 75 years ago in 1935 and was given responsibility to regulate the country's money supply and to "promote the economic and financial welfare of Canada." Accordingly, it was given the exclusive right to issue Canada's bank notes. On March 11, 1935, the Bank of Canada issuedits first series of bank notes. Notes issued by chartered banks were gradually removed from circulation.

The inaugural series of 1935 included denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. (A $25 note was issued later in 1935 to commemorate the silverjubilee of King George V).

The front of the notes featured a portrait of a member of the royal family or of a former Canadian prime minister while allegorical figures representing Canada's growing agricultural, industrial and commercial prosperity appeared on the back. Each denominations was available in English or French, a practice that ended with the introduction of bilingual notes in 1937.

This coin is the second issue of the commemorative serie for the 75th anniversary of the First Bank Notes Issued by the Bank of Canada.
The first coin of the series, released in 2010, depicts the 1935 $10 bank note.
The second coin of the series, released in 2010, depicts the 1935 $20 bank note.
The third coin of the series, released in 2010, depicts the 1935 $50 bank note.
The fourth coin of the series, released in 2010, depicts the 1935 $500 bank note.

75TH ANNIVERSARY OF THE FIRST CANADIAN BANK NOTES - 1935 20-DOLLAR COPY - 2010 CANADIAN COINS 02 is categorised COINS AND PAPER MONEY / 08- ROYAL CANADIAN MINT / 13- CANADIAN HISTORY and sold by l'Imaginaire, a store and specialised website.