1937 Bank of Canada $20 Banknote BC-25c Coyne-Towers Changeover BCS Fine 18

A circulated example of the 1937 Bank of Canada Twenty Dollar note — and a desirable Changeover Note — certified and graded Fine 18 by Banknote Certification Service (BCS) with the coveted BCS Guarantee. Catalogue reference BC-25c, bearing the signatures of J.E. Coyne (Deputy Governor) and G.F. Towers (Governor), serial number H/E 5077180. BCS notes Changeover and Foreign Substance as comments.

Changeover notes are among the most sought-after varieties in Canadian paper money collecting, printed at the transition point between two signature combinations. This note carries the Coyne-Towers signatures — the later pairing of the 1937 twenty dollar series — making it a prized transitional piece. Dated Ottawa, 2nd January, 1937, the obverse features a portrait of King George VI in military uniform at centre within an oval vignette, flanked by red serial numbers on a rich olive-green and black ground. The reverse displays one of the most celebrated designs in Canadian numismatic history — an allegorical scene featuring a seated female figure representing Canada, accompanied by a cherub, set within an elaborate lathe-work border, rendered in rich olive-green tones. Printed by the Canadian Bank Note Company, Limited.

• Issuer: Bank of Canada
• Denomination: $20
• Date: 1937
• Catalogue: BC-25c (Coyne-Towers)
• Serial Number: H/E 5077180
• Grade: BCS Fine 18
• Cert #: FR530
• BCS Guarantee: Yes
• Comments: Changeover, Foreign Substance
• Printer: Canadian Bank Note Company, Limited
• Encapsulated: Yes (BCS slab)

Encapsulated in an original BCS sealed holder. Tampering with the holder invalidates the certification opinion. Have holder replaced if inner package/seal is not intact. The BCS-certified banknote shown is the exact banknote you will receive. Guaranteed authentic.