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1937 Bank of Canada $20 Bank Note Osborne Towers PMG EF-40 BC-25a
USD 516.01
Product by:
Bank of Canada
In stock
Product Description
1937 Bank of Canada $20 Bank Note Osborne Towers PMG EF-40 BC-25a
The 1937 issue of banknotes signalled the first time Canadian banknotes were fully bilingual, meaning there was no longer a need to produce separate English and French language notes.
You will notice that the denominations and text on the left half of the note are in English, while the right half of each note is in French.
A second major change that began with this issue is related to Sheet Numbers and Check Letters. Every generation of Canadian banknotes to date used an identical “sheet number” on all notes, and added a “check letter” to differentiate the notes on each sheet. Starting in 1937 each note received a unique “serial number”, which eliminated the need to add check letters.
A two letter prefix was added to each serial number (expressed as a fraction). The upper character designates the series while the lower letter was assigned to that denomination.
Each set of ten million notes were given a different series letter. Twenty different series letters were approved for use, so a total of 200 million possible notes could be printed for each denomination letter.
If more notes were required, a second (or third or fourth) denomination letter was used, and both the series letter and serial number sequences were re-started.
Design
The 1937 notes continued with the industry allegory themes introduced in the 1935 series. Pictured is a portrait of King George VI. On the reverse, the twenty dollar bill depicts a fertility allegory with a seated woman holding a sickle.
Packaging
1937 Bank of Canada $20 Bill Note PMG Graded EF-40 comes sealed in PMG professionally graded protective clear holder in titled condition.
Specifications
Face Value: 20 dollars
Quantity Printed: 1,622,000
Serial Prefix: A/E
Cat. No.: BC-25a
Signatures: Osborne/Towers
