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1.000 Dollars

Issuer Bank of Canada / Banque du Canada
Year 1954
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Composition Cotton paper
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Obverse description The obverse is printed in rose-pink and dark olive tones, centred by the large bold inscription CANADA above the bilingual denomination ONE THOUSAND DOLLARS / 1000 / MILLE DOLLARS. A portrait vignette of Queen Elizabeth II occupies the right field, rendered in intaglio with fine detail against a lightly guilloche-patterned underprint. The serial number appears twice in the upper portion, flanked by corner denominational counters, with the issuer inscription BANK OF CANADA – BANQUE DU CANADA and two manuscript facsimile signatures of the Deputy Governor and Governor along the lower register.
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Reverse lettering ONE THOUSAND DOLLARS – MILLE DOLLARS
1000
MILLE DOLLARS
ONE THOUSAND DOLLARS
BANK OF CANADA – BANQUE DU CANADA
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Comments

The 1954 series $1,000 note was withdrawn from general circulation in 1000-dollar note was pulled from circulation in 2000 alongside the $500, primarily over concerns about use in money laundering — the Bank of Canada stopped distributing high-denomination notes rather than replacing them. By that point, most surviving examples had already migrated into collections rather than commerce.

Three signature combinations exist across the series, reflecting two changes in Bank of Canada governorship: Coyne gave way to Rasminsky in 1961 following a highly public dispute with the Diefenbaker government over monetary policy — one of the more dramatic episodes in Canadian central banking history. The Coyne-Beattie and Beattie-Coyne pairings are sometimes confused; the order of signatures changed when Coyne and Beattie swapped roles.

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