• Login/ out
  • My Account
  • Register

Top Menu
Shop Menu

  • HOME
  • SHOP
    • Deal of the Day
    • Blowout Specials
    • Unique Deals
    • Deals on Decimal & Paper Money
    • Royal Canadian Mint
    • Just Released Products
    • Auction
    • Gold, Silver & Copper Bullion
    • Canada Decimal Coins
    • Canada Rolls 1960 to Date
    • Canada Paper Money
    • Maritime Coins & Bank Tokens
    • Perth & New Zealand Mints
    • United States Decimal & Sets
    • World Coins and Paper Money
    • Coin Supplies
    • Mega Specials
    • Gift Ideas
    • Our Ebay
  • SELL TO US
  • AUCTION
    • Consign with us
  • CONTACT US
    • Shipping Information
    • Privacy Policy
    • Terms of Sale
    • FAQ
  • MEET OUR TEAM
    • History
  • COLLECTORS CORNER
  • BULLION CORNER
  • Deal of the Day
  • Blowout Specials
  • Unique Deals
  • Deals on Decimal & Paper Money
  • Royal Canadian Mint
  • Just Released Products
  • Auction
  • Gold, Silver & Copper Bullion
  • Canada Decimal Coins
  • Canada Rolls 1960 to Date
  • Canada Paper Money
  • Maritime Coins & Bank Tokens
  • Perth & New Zealand Mints
  • United States Decimal & Sets
  • World Coins and Paper Money
  • Coin Supplies
  • Mega Specials
  • Gift Ideas
  • Our Ebay
  • Bullion Corner

  • HOME
  • SHOP
    • Deal of the Day
    • Blowout Specials
    • Unique Deals
    • Deals on Decimal & Paper Money
    • Royal Canadian Mint
    • Just Released Products
    • Auction
    • Gold, Silver & Copper Bullion
    • Canada Decimal Coins
    • Canada Rolls 1960 to Date
    • Canada Paper Money
    • Maritime Coins & Bank Tokens
    • Perth & New Zealand Mints
    • United States Decimal & Sets
    • World Coins and Paper Money
    • Coin Supplies
    • Mega Specials
    • Gift Ideas
    • Our Ebay
  • SELL TO US
  • AUCTION
    • Consign with us
    • Current Auction
    • Featured Items
  • INFO
    • Canada’s 150th
    • Contact Us
    • Shipping Information
    • Privacy Policy
    • Terms of Sale
    • FAQ
    • Days Closed
  • About Us
    • History
    • MEET OUR TEAM
  • COLLECTORS CORNER
  • BULLION CORNER
Contact Us| Login/Out | My Account | New User
 
View Cart
Click for the BBB Business Review of this TBD in Kitchener ON
Shopper Approved | Colonial Acres Coins PayPal | Colonial Acres Coins MasterCard | Colonial Acres Coins Visa | Colonial Acres Coins
Taking a Closer Look at Canadian Paper Money from 1937Taking a Closer Look at Canadian Paper Money from 1937Taking a Closer Look at Canadian Paper Money from 1937

Taking a Closer Look at Canadian Paper Money from 1935

December 19, 2019 by Colonial Acres Coins

Last updated on June 26th, 2020 at 03:18 am

Last Updated on June 26, 2020 Posted by Colonial Acres Coins

In the year 1817 Canadian banks first produced and issued paper money, however, in 1935, a few years after the Bank of Canada was created, it changed how Canadian paper money was viewed in Canada. To celebrate this momentous year and the years following, Colonial Acres has a variety of these historical and sentimental notes available. We’re going to look at why 1935 is considered such an important year and who were the men who changed and made history.

The year was 1933, and the Great Depression was in full effect, the citizens of Canada were struggling with poverty, however, a life-changing process was in discussion and things were soon to change. The depression had bought about a severe lack of confidence in the branch banks dotted around the country, and the Prime Minister at the time, R.B. Bennett, worked with his Royal Commission to create a centralized banking system. Within the space of a few short years, Graham F. Towers, the very first Governor of the Bank of Canada was beginning his 20-year tenure. 1935 saw the Bank of Canada given exclusivity of issuing banknotes and by 1937 the second edition of banknotes was created, which caused controversy within the Conservative Parliament Party. 

Who are Graham Ford Towers and James Coyne?

Graham Towers was appointed the Governor of the Bank of Canada on the day of its inception, in the year 1934. He set about to build the Bank of Canada from scratch and was hired on the grounds of the many qualities that he had demonstrated during his distinguished rise in the Royal Bank. Mr. Towers remained Governor for a jaw-dropping 20 years and the question of who was going to succeed him was a difficult one. In steps James Coyne, a highly controversial governor and previous Rhode Scholar, he set about warning against the risks of foreign investment and expressed views on economic matters in spite of the differences of his views from government policy. Due to Coyne’s fractious relationships, he was forced to resign on 13 July 1961. 

Canada’s First Official Paper Money

Since its commencement, the Bank of Canada has designed seven different series of banknotes. The first edition was released in 1935 in two sets, one French and one English. The groundbreaking release came in 1937 when a bilingual set of notes was released and inspired by the demise of King George V. The design of the 1937 banknotes had a more prominent accord than the 1935 Series, with the face having the digit in the top corners and the printed amount of each denomination framed in the lower corners, with French on the left and English on the right. This series included: $1, $2, $5, $10, $20, $50, $100, $1,000 denominations and the noble colors of the majority of the notes from this series continue to this very day.  

Find the Perfect Addition to Your Collection at Colonial Acres

Colonial Acres has a vast number of these groundbreaking and historical notes available on their website. There are over 290 variations of the 1937 note alone and the majority of the denominations are available from the banks’ formation in 1935. If you are interested in the intriguing history of Canadian Banks or collect money from different countries, then Colonial Acres is the right place for you. Canadian paper money is steeped in so much history, politics and controversy, and it plays a monumental part in the rise of such a fascinating and progressive country. Not to be missed out on, these banknotes represent a country that has changed and evolved over the years and signed by historical banking greats such as Graham Towers, James Coyne, Albert Beattie, and John Crow.

Filed Under: Paper Money Tagged With: Canadian paper money

SHOP NOW!

Categories

  • Bullion
  • Canadian Coins
  • Coin Supplies
  • Jewelry
  • News
  • Paper Money
  • Royal Canadian Mint
  • Superman Coins
  • Uncategorized
  • World Coins

Blog Archive

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017

Recent Posts

  • Why Invest in Gold Bullion
  • The Significance Behind the 2022 Peace Dollar Rose Gold Plated Coin
  • Polar Bear $2 Canadian Coin Is the Latest in the “Bigger Picture” Series
  • Learn more About the Royal Canadian Air Force Red Knight Coin
  • Colonial Acres Is Always Buying! Here Are Some Tips When Selling Jewellery
    footer-logo

    991 Victoria Street North
    Kitchener, Ontario, Canada
    N2B 3C7

    Toll Free: 1-888-255-4565

    Tel: 519-579-9302

    Fax: 519-340-1381

    info@colonialacres.com

    MENU

    • Home
    • Sell To Us
    • Auction
    • Collectors Corner
    • Bullion Corner

    ABOUT US

    • History
    • Meet Our Team

    SHOP

    • Royal Canadian Mint
    • Canada Decimal Coins
    • Canada Paper Money
    • Gold, Silver & Copper Bullion
    • Canada Rolls 1960 to Date
    • Deals on Decimal & Paper Money
    • Jewellery

    Read Our Blogs

    STORE HOURS

    Mon - Fri: 9:30am - 4:30pm
    Sat: Click here to see Saturday hours
    Sun: Closed

    MORE INFO

    Contact Us
    Shipping Information
    Terms of Sale
    Privacy Policy

    Facebook Icon | Colonial Acres Coins Click for the BBB Business Review of this TBD in Kitchener ON
    Copyright © 2013 Colonial Acres Coins. All Rights Reserved. Built with Volusion.