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Value of Old Banknotes from The Central Bank of New Brunswick in Fredericton, Canada
Old Money from The Central Bank of New Brunswick in Fredericton
The Central Bank of New Brunswick was open from 1834 until 1866. It opened very early in the history of Canadian finance; it was the first charter where the shareholders were required to be doubly liable for the amounts of their shares. The bank was initially opened in Fredericton. Branches in Woodstock, Moncton, and Chatham were eventually opened. The bank ran smoothly until late 1857 when both loans and deposits went bad. The Bank was able to regain its footing, but it again ran into trouble late in 1861 and it was unable to recover. Generally speaking, bank notes from The Central Bank of New Brunswick exist in very small quantities today. Our guide below shows you what is rare and what is exceptionally rare.
Bank Notes from May 1st 1847:
Early bank notes from The Central Bank of New Brunswick are denominated in shillings and pounds. The first type of currency is dated as May 1 1847. These were printed for five shillings, one pound, and five pounds. The one pound issue is the most common. However, all denominations are still exceptionally rare. All notes from May 1st 1847 should be signed by Samuel W. Babbitt and Wm. J. Bedell or G. Botsford. They were printed by Rawdon, Wright, Hatch in New York.
Bank Notes from 1847 – 1857:
One dollar (five shillings), one pound, and five pound bank notes were printed for January 1st 1844, March 1st 1846, May 1st 1846, January 1st 1847, November 1st 1847, January 1st 1851, February 1st 1851, April 1st 1853, May 1st 1853, May 1st 1854, and October 1st 1854. The five pound bank note is exceptionally rare. The other denominations are occasionally available, but they are usually found in low grades. One dollar and one pound notes were again issued for June 1st 1856, September 1st 1856, August 1st 1857, and October 1st 1857. These are usually worth at least several hundred to a couple thousand dollars.
Bank Notes from 1857 – 1860:
These bank notes are dated as Novr 1st 1857 or November 1st 1860. It is thought that $1, $2, $3, $5, $20, and $50 bills were printed. One dollar bank notes are available semi-regularly on the market today. All other denominations are scarce. Unsigned and unissued remainders are much more common.
GOT SOMETHING TO SELL?
We buy all types of Canadian currency. We are especially interested in bank notes from The Central Bank of New Brunswick in Fredericton. You might be surprised at how much money we can offer for some currency. Send us an email with pictures of the front and back of your bank note and we will respond quickly with our offer.
Sample Bank Note Image:
Your piece of currency from The Central Bank of New Brunswick in Fredericton could look similar to the one seen below. There are many different varieties for this bank – so don’t worry if your paper money looks different. Contact us for more value information.