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    Collage, photo of wild west street, old bank notes, old counterfeiting brochure.

    Security is in the bank note

    Security printing is a game of anticipating and responding to criminal threats. Counterfeiting is a game of anticipating and responding to bank note design. This cat and mouse relationship affects every aspect of a bank note.

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    Needs or wants? That is the question!

    Do you need it, or do you want it? That’s an important question to ask before buying anything. This activity is designed to teach kids how to prioritize their needs and wants, and how to make informed choices when shopping.

    Price check: Inflation in Canada

    All about inflation: what it is, what it means and how it's measured. Students will learn how the consumer price index is calculated and create their own student price index to measure the prices that matter most to them.

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The Devil is in the Hairdo

By: Graham Iddon


October 31, 2018

The 1954 note series

Have you ever seen eyes in the bark of trees? Wolves in the clouds? Faces watching you from the abstract patterns of your mother’s bedroom drapes? Although this is a Hallowe’en blog, I’m not talking about anything supernatural, here; I’m talking about shapes that can sometimes be seen in otherwise random images or patterns—such as in the design of a bank note, for instance.

Commemorative centennial $1 bank note from the 1954 series

You will find nothing unusual in this centennial commemorative version of the 1954 series, but in earlier versions… $1, Canada, 1967, NCC.1967.010.001

When the Bank of Canada creates a new bank note, one important step researchers take is to ask a focus group to have a really good look at a model of the new note. A fresh perspective is crucial here to find any unintended shapes in the imagery. If anything appears to protrude from a portrait subject’s ear, or if there are faces in the background patterns, it’s best that such things are pointed out before the note has been issued. Because it wouldn’t be the first time a curious shape has appeared on a bank note.

a colourful grid of eight bank notes, each featuring an image of a Canadian region

The vignettes of the 1954 series feature images from every major region of Canada.

As Canada headed confidently into the 1950s, it did so with new, modern, nationalistic bank notes designed by Canadian war artist Charles Comfort. A gorgeous landscape engraving filled the back of each note while our brand-new sovereign, Elizabeth II, was the star feature on the front of all eight denominations. Celebrated Canadian photographer Yousuf Karsh took an official portrait of Elizabeth. She was then beautifully reproduced by master engraver George Gundersen of the British American Bank Note Company. The new bank notes were elegant and very Canadian.

black and white image of bank note engraver George Gundersen at work

George Gundersen, engraver and art director of the British American Bank Note Co., would go on to engrave three of the five portraits of the 1969–76 series. Bank of Canada Archives POS-003561

black and white portrait of Elizabeth in a tiara, 1951

The original Karsh portrait of Princess Elizabeth was retouched to remove her tiara for the bank note. Yousuf Karsh NCC.1993.056,146

However, there was something not quite right about the engraving of the Queen; something perhaps a little sinister. Reports began surfacing of people seeing shapes in her hair—specifically the face of the Devil! In 1956, a British politician named H. L. Hogg wrote a scathing letter to the High Commissioner for Canada in the United Kingdom:

“The Devil’s face is so perfect that for the life of me I cannot think it is there other than by the fiendish design of the artist who is responsible for the drawing or the engraver who made the plate…I enclose an envelope for the return of the note but I would be better pleased if you told me you had burned it.”

a Canadian $100 bank note from 1955 with detail showing the Devil’s face in the Queen’s hair

A “Devil’s Head” $100 bank note, circa 1955. The face has been enhanced slightly to make it clearer. $100, circa 1955, Canada, NCC.1987.030.002

References to the Devil’s head popped up now and again in the Canadian media from 1956 until as late as 1959. A prominent member of the coin collecting community claimed the face in the Queen’s hair was “no accident” and that, “those responsible might be trying to put across a subtle message to the public.” A number of newspapers picked up this story, spreading the idea that an insider had infiltrated the bank note printing firms. By that time, true or not, such comments would certainly have upped the interest of any “Devil’s Head” notes on the collector’s market.

All conspiracies of fiendish engravers aside, the Bank moved quickly to have the security printing companies deal with the issue. Engraver Yves Baril darkened the highlights in the Gundersen engraving and, after 1957, the series was entirely free of questionable images or of any faces but that of the Queen.

With no diabolical intention, Gundersen had actually done a remarkable job of reproducing the Karsh photograph as an engraving. The problem was that he was too good. If you take a good look at the Karsh photo and squint your eyes a bit, you can just discern above the Royal left ear some contours of hair that do resemble a face—these contours are then made clearer and arguably more demonic by the fine-lined, high-contrast etching of the engraver’s art.

an engraving of the Queen and the photograph it was reproduced from

The Karsh photo is on the left; the Gundersen engraving is on the right.

It would seem that Mr. Hogg should have directed his wrath not at the talented Mr. Gundersen, but at the Royal hairdresser. Unless, of course, there was a dark conspiracy involving the hairdresser, the photographer and the engraver…let me check online. Happy Hallowe’en.

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Content type(s): Blog posts

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March 22, 2023

Security is in the bank note

By: Graham Iddon


Collage, photo of wild west street, old bank notes, old counterfeiting brochure.
Security printing is a game of anticipating and responding to criminal threats. Counterfeiting is a game of anticipating and responding to bank note design. This cat and mouse relationship affects every aspect of a bank note.
Content type(s): Blog posts Subject(s): Economy, Financial literacy Grade level(s): Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
February 2, 2023

Teaching art with currency

By: Adam Young


From design to final product, bank notes and coins can be used to explore and teach art, media and process.
Content type(s): Blog posts Subject(s): Arts, Education Grade level(s): Grade 05, Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
January 20, 2023

New Acquisitions—2022 Edition

By: David Bergeron, Krista Broeckx


It’s a new year—the perfect time to look back at some notable artifacts the Museum added to the National Currency collection from 2022. Each object has a unique story to tell about Canada’s monetary and economic history.
Content type(s): Blog posts
December 6, 2022

Money: it’s a question of trust

By: Graham Iddon


Photo collage, parking meter, old bank notes and an early bank card.
The dollars and cents we use wouldn’t be worth anything to anybody if we didn’t have confidence in it. No matter if it’s gold or digits on a hard drive, public trust is the secret ingredient in a successful currency.
Content type(s): Blog posts Subject(s): Economy
November 14, 2022

The day Winnipeg was invaded

By: David Bergeron


People on the street were randomly stopped and searched, and some were even arrested and imprisoned in an internment camp. Even German marks replaced Canadian currency in circulation—in the form of If Day propaganda notes.
Content type(s): Blog posts Subject(s): History Grade level(s): Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
October 18, 2022

Positive notes

By: Krista Broeckx


The imagery on the Bank of Canada’s 1935 note series depicts the country’s rich industrial history.
Content type(s): Blog posts Subject(s): History
June 16, 2022

Army bills: Funding the War of 1812

By: David Bergeron, Graham Iddon


In 1812, British North America had no banks and little currency. With the prospect of war drying up supplies of coins, the government of Lower Canada decided to issue legal tender notes called “army bills” to pay for troops and supplies.
Content type(s): Blog posts Subject(s): Economy, History
May 5, 2022

Between tradition and technology

By: Graham Iddon


Collage, man at an easel, paintings of birds and a goose illustration with comments written on it.
What was proposed was a complete about-face from the philosophy behind recent security printing. If photocopiers could easily deal with the colours and designs of the current series, then the next series should be bold and simple.
Content type(s): Blog posts
April 21, 2022

Teaching the green economy

By: Adam Young


From windmills and solar panels to electric cars, signs of the green economy are all around us. Check out our resources for how to teach about the green economy.
Content type(s): Blog posts Subject(s): Business and careers, Economy, Geography, Science, Social studies Grade level(s): Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
April 4, 2022

Talk to your kids about money

By: Heather Montgomery


Collage, ceramic pig on background of a bank book and a stamp folder with kids on it.
Introduce important financial skills to your children, and help them plan for their futures with free resources from the Bank of Canada Museum and others.
Content type(s): Blog posts Subject(s): Financial literacy Grade level(s): Early childhood / Kindergarten, Grade 01, Grade 02, Grade 03, Grade 04, Grade 05, Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
March 3, 2022

Teaching inflation during the COVID-19 pandemic

By: Heather Montgomery


COVID-19 has had an unprecedented effect on the economy: closing businesses, driving down demand and interrupting supplies. With news stories and popular culture addressing inflation and supply chain issues, now is the perfect time to explain this key economic concept to your high school students.
Content type(s): Blog posts Subject(s): Economy Grade level(s): Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5 and CEGEP
February 3, 2022

Queen of the bank notes

By: Graham Iddon


Few of us have ever met her, and it’s likely none of us are even remotely related to her. Yet, Canadians have carried her picture in their wallets for generations now. She’s Queen Elizabeth II and has been our monarch for over 70 years.
Content type(s): Blog posts Subject(s): History
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