25 Cents "Shinplaster" 1900 DOMINION OF CANADA (103G)

25 Cents

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eBay The word “Canada” is reputed to come from the Iroquois-Huron word kanata, meaning “village” or “settlement.” It is thus fitting to begin the story of the Canadian dollar with “money” used by Canada’s First Nations. Shinplasters banknotes circulated in the United States from 1861 to 1869, during the Civil War and the Reconstruction era. Since much of the coins were sold to Canada by brokers and melted or sent to England for melt. Canada was overloaded with American coinage that began to be preferred as a circulation currency. The Minister of Finance decided to buy the American currencies at a very favorable rate, as they struck their replacement coinage in England, and shipped these coins to New York to solve their problems. At the same time, the government fixed the exchange rate from American to Canadian coinage at 80% to discourage the import of more coinage. It worked. To help with the shortages of circulating coinage, the Canadian Government issued in 1870 notes in the value of 25 cents. The initial notes were labeled as series A, with A printed on the left side of the note toward the center. Those banknotes were circulating widely in the economies of the 19th century. The shortage of circulating coins was primarily due to the intrinsic value of metal rising above the value of the coin itself. People became incentivized to take coins out of circulation and melt them for the true intrinsic value. This left no medium of exchange for the purchase of basic consumer goods such as milk and newspapers. To fill this gap, banks issued low-denomination paper currency. The government of the Dominion was able to fix the problem caused by the importation and commerce created by American coinage imported into Canada. They printed additional 25¢ notes with no plate number. This ended the importation and Canadians used Canadian notes to fuel their economy. The first 25 cents banknote design was printed on March 1, 1870, and the final design was first printed on July 2, 1923. Victoria (Alexandrina Victoria 1819–1901), was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death in 1901. Her reign of 63 years and 216 days is known as the Victorian era and was the longest of any British monarch until Elizabeth II. It was a period of industrial, political, scientific, and military change within the United Kingdom, and was marked by a great expansion of the British Empire. In 1876, the British Parliament voted to grant her the additional title of Empress of India. FRONT: Black and white frame with Intricate filigree pattern including the value. On the right, an allegory of a seated Britannia holding a shield and a trident with a sailing ship in the background, designed by William Wyon. At the bottom, the printer of the banknote and underprint inscription. Text: AUTHORIZED BY R.S.C. CAP.31. THE DOMININION OF CANADA WILL PAY ON DEMAND TWENTY FIVE CENTS JANUARY 2ND 1900 T. C. Boville DEPUTY MINISTER OF FINANCE AMERICAN BANK NOTE COMPANY, OTTAWA. Underprint text: 25 CENTS DOMINION OF CANADA Vignette Designer : William Wyon RA (1795– 1851), was official chief engraver at the Royal Mint from 1828 until his death. BACK : A composition based on Intricate filigree pattern and the value of the banknote. Text: 25 CENTS AMERICAN BANK NOTE COMPANY, OTTAWA. Country Canada Issuing entity Dominion of Canada Queen Victoria (1837-1901) Type Standard banknote Year 1900 Value 25 Cents Plate number 17 Currency Canadian dollar (1858-date) Composition Paper (cotton, linen) Size 114 × 69 mm Shape Rectangular Demonetized Yes Printer American BAnknote Company, Ottawa New York, United States References Ch GPM# DC-15, P#9b – Boville

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