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This is a consecutively serial numbered pair of 1954 $100 bank notes in pristine perfect GEM Uncirculated condition, with the signatures at the bottom showing Beattie as the deputy governor of the Bank of Canada and Coyne as the governor. A bonus pair of $1 notes, also in GEM uncirculated condition with the scarce Beattie and Coyne signatures is also included as a bonus.
While banknotes are normally dated the year the design is introduced, the signatures on the notes change each time there is a change in the Deputy Governor or Governor of the Bank of Canada. Most advanced collectors of Canadian banknotes seek to complete a collection with all of the signatures. Quite often, certain signatures are much scarcer and more valuable than others.
When the new series of notes was introduced in 1954, very few people had the opportunity to use the $100 denomination. $100 in 1954 was the equivalent to more about $800 today. Even in 1975 when this note was replaced by the new multi-colour series note, $100 was equivalent in purchasing power to more than $400 in today's purchasing power. Very few of these notes have survived in pristine perfect Gem Uncirculated condition.
$100 & $1, circa 1954
Face Design: Queen Elizabeth II
$100, circa 1954
Back Design: Okanagan Mountains, valley and lake
Back Design: Western prairie and sky
• 2 x Gem Uncirculated $1 Bank Notes, circa 1954
• 2 x Gem Uncirculated $100 Bank notes, circa 1954