Five Dollar Bank Notes – Dominion of Canada

The Dominion of Canada did not issue a five dollar bank note until 1912. The only other year of issue was 1924. The need for denominations above $4 was generally met by the supply of currency from chartered banks located throughout Canada. So even when five dollar bills were finally issued, they were released in limited quantities. Today $5 bills from The Dominion of Canada are relatively available and they represent the highest denomination that can be considered collectible. Surprisingly though, 1924 $5 bills are worth about four times more than 1912 notes. Click below for more information.