Canada 'Bank of British North America' 1882 Bill of Exchange for $9,062.96

Description: Bill of Exchange - The Bank of British North America, London, 1882 Date: 19th June 1882 Location: London Amount: $9,062.96 (Nine thousand sixty-two dollars and ninety-six cents) Payee: Mr. Charles Butterfield Gray Drawer: The Bank of British North America Drawee: The Bank of British North America, 52 Wall Street, New York Serial Number: 79358 / 906266 This is an original Second of Exchange bill issued in London by The Bank of British North America, dated 19th June 1882, for the sum of $9,062.96. The bill is payable upon demand to Mr. Charles Butterfield Gray or order, with value to be received in New York at the branch of the Bank of British North America, located at 52 Wall Street, New York. This type of financial instrument was common in the 19th century, facilitating cross-border transactions between financial institutions across the British Empire and the United States.The Bank of British North America Founded in 1836, the Bank of British North America was one of the earliest banks established in British colonies, particularly in Canada and the North American continent. Incorporated by Royal Charter, the bank operated branches in major colonial cities and trade hubs such as London, New York, and across British North America (Canada). The bank played a vital role in facilitating the exchange of goods and funds, helping finance businesses, trade, and governmental transactions across the Atlantic. By the late 19th century, the bank became deeply involved in transatlantic trade, offering services such as bills of exchange to provide a secure method for settling international debts and payments between traders, merchants, and financial institutions.Document Features This bill of exchange features a lavish purple crest of the Bank of British North America, with intricate detailing reflective of 19th-century financial documents. The bank’s Royal Charter status is prominently displayed, indicating its legal authority under the British Crown. The handwriting, signatures, and stamps are all intact and legible, adding to the authenticity and value of this piece. The document is signed by bank officials, including Luteman (Secretary) and Titchmarsh (Accountant), whose signatures validate the transaction.Historical Context This bill of exchange from 1882 is a fascinating artifact from a period of rapid economic expansion and globalization. The Bank of British North America was a key player in facilitating trade between the British Empire and the United States. The large sum of money involved in this transaction further highlights the scale of business taking place during this period, particularly in major financial hubs like London and New York.Condition The document is in very good condition, showing some minor wear along the edges consistent with its age. The beautiful, purple vignette and watermark-textured paper enhance its aesthetic appeal, while the signatures and official stamps remain sharp and clear. This document stands as an excellent specimen for collectors interested in 19th-century financial history, particularly with a focus on British and North American banking, colonial trade, and transatlantic commerce.Collectible Value This bill of exchange is of significant value to collectors of historical financial instruments, particularly those with interests in British North American banking history or colonial economic documents. The connection to New York and London, two of the world’s most significant financial centers, adds considerable interest to this piece. The document’s condition, coupled with the high monetary amount and the reputation of the Bank of British North America, makes it a valuable and desirable item in the realm of collectible financial history

Price: 69.95 USD

Location: London

End Time: 2024-11-07T22:08:30.000Z

Shipping Cost: 10.5 USD