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Value of Old Banknotes from The Metropolitan Bank of Toronto, Canada

Old Money from The Metropolitan Bank of Toronto

The Metropolitan Bank originally opened for business in 1902 in Toronto.  The bank was purchased by The Bank of Nova Scotia in 1914.  The bank was well run and all notes were always backed.  That means that paper money from The Metropolitan Bank is rare today.  Our guide below has more information.  Please contact us if you have any questions.

Five Dollar Bank Notes from 1902:

All five dollar bills from The Metropolitan Bank were dated as November 5th 1902.  There are three different varieties based on who actually signed the bank note.  Signors include A.E. Ames, Robt. H. Warden, and S.J. Moore.  Each note could have a “S S” or “Q Q” overprint in red ink.  Almost twenty of these $5 bills exist.  Prices start at about $2,000 and go up from there based on condition.  Please contact us if you need an exact value.
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Ten Dollar Bank Notes from 1902 & 1909:

This ten dollar bill and all bank notes from The Metropolitan Bank were printed by The American Bank Note Co. Ottawa.  The notes have a beautiful vignette of a steamship.  These can be dated as November 5th 1902 or November 5th 1909.  Once again, notes could have a red “S S” or “Q Q” overprint (or no overprint at all).  There are four varieties for this denomination based on the year and signature combination.  Notes from 1909 are the most common; however, all of these are actually quite scarce no matter the type.  We would certainly be buyers.
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Twenty Dollar Bank Notes from 1902 & 1909:

The Metropolitan Bank in Toronto issued $20 bills dated as November 5th 1902 and November 5th 1909.  These notes feel especially modern because of the streetcar vignette.  In theory the notes from 1909 are more common.  However, a discovery of an issued bank note from either year would be very valuable.  You can see that we are showing a specimen note below.  It has been cancelled.  Specimens and proofs exist for all denominations from the bank.  Issued bank notes with signatures and serial numbers are always going to be more valuable.
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Fifty Dollar Bank Notes from 1902 & 1909:

Collectors always love colorful bank notes.  These $50 bills issued by The Metropolitan Bank definitely aren’t the most colorful notes you will ever see, but the pink tint is very pleasing.  Each note has a vignette showing a train leaving a station.  These notes were issued for both the 1902 and 1909 date.  It is thought that only about 2,000 were ever released for circulation.  You can see why they are so rare today.  We would certainly welcome the chance to make an offer on your bank note should you be lucky enough to own one.
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One Hundred Dollar Bank Notes from 1902 & 1912:

Records indicate that 500 November 5th 1902 and 500 November 5th 1912 $100 bank notes were issued by The Metropolitan Bank.  And some of that total could have been destroyed when the bank was merged in 1914.  So this denomination would certainly be considered a classical rarity.  Of course the multicolored sunburst scene with the mining vignette adds some extra pizzazz.
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GOT SOMETHING TO SELL?

We buy all types of Canadian currency.  We are especially interested in bank notes from The Metropolitan Bank of Toronto.  You might be surprised at how much money we can offer for some currency.  These notes are rarely encountered so we always pay up when we have the chance to acquire one.  Send us an email with pictures of the front and back of your bank note and we will respond quickly with our offer.

Manning@CanadaCurrency.com

Sample Bank Note Image:

Your piece of currency from The Metropolitan Bank of Toronto could look similar to the one seen below.  Five dollar notes are the most frequently available denomination from the bank.  Our guide above has images of all the denominations.  Contact us for more value information.