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20 Dollars

Issuer Bank of Canada / Banque du Canada
Year 1937
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Shape Rectangular
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Protection type Watermark
Protection description Paper watermark visible when held to light.
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Comments

Three distinct signature combinations appear on P#62, reflecting the Bank of Canada's changing senior staff across the note's production run — Gordon Osborne and J.A.C. Osborne sharing the same surname but no family relation, a coincidence that occasionally trips up collectors. The Coyne-Towers pairing came later, with James Coyne having joined the Bank in 1938, which technically pushes some of those issues beyond the nominal 1937 date.

The Gordon/J.A.C. Osborne combination is the scarcest of the three.

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