Bank of Canada 1937 Two Dollar Bill Value Guide

The 1937 series of Canadian banknotes represents the second official issue by the Bank of Canada and the first to feature King George VI following his 1936 accession. These historic paper notes are highly collectible as they were the first to implement a fully bilingual English and French design across the denomination.

What Is Bank of Canada 1937 Two Dollar Bill Worth?

The typical price range for Bank of Canada 1937 Two Dollar Bill is $10 - $20 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Physical condition, with uncirculated notes commanding the highest end of the $10-$20 range.
• The presence of specific deputy governor and governor signature combinations.
• The absence of heavy folds, tears, or ink stains which significantly impact market desirability.
• Serial number sequences, where lower or unique numbers may attract premium collector interest.

How to Identify Bank of Canada 1937 Two Dollar Bill?

• Verify the portrait of King George VI centered on the front of the banknote.
• Check for the bilingual text displaying both English and French, a hallmark of the 1937 series.
• Look for the distinct terracotta or brownish-red color scheme specific to the two-dollar denomination.
• Confirm the '1937' series date and the Bank of Canada issuing authority printed on the face.

History of Bank of Canada 1937 Two Dollar Bill

The 1937 series of Canadian banknotes was the second issue by the Bank of Canada, established in 1934. This series was designed to feature King George VI, who had ascended to the throne in December 1936. The notes were bilingual, displaying both English and French, reflecting Canada's two official languages. These bills were in circulation for many years and are now highly sought after by collectors.