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on 29 September 2004. In 2003, high-quality counterfeits of the banknote appeared in circulation in
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Ontario and Quebec.
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$50 note
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9852_85
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The obverse of the red $50 banknote includes William Lyon Mackenzie King, and the reverse has the
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snowy owl depicted on a background of an Arctic landscape. This portrait was also engraved by
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Thomas Hipschen, and was placed adjacent to the Parliament buildings flying the Canadian Red
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Ensign. The colour of this banknote differed slightly from the same denomination in the Scenes of
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Canada series, as its hue was blue-red instead of the earlier banknotes orange-red.
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Introduced on 1 December 1989 and withdrawn on 17 November 2004, the $50 bill was the last banknote
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of the series to cease being printed. It was the first Canadian banknote to feature the optical
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security device.
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$100 note
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Robert Borden is featured on the obverse of the brown $100 banknote, which has the Canada goose on
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its reverse. Yves Baril also engraved this portrait, and the banknote also depicts a vignette of
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the Centre Block with the Peace Tower flying the Union Jack, which was flown on all federal
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buildings from 1904 to 1945.
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9852_98
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The banknote was introduced on 3 December 1990 and withdrawn on 17 March 2004. Many merchants,
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9852_99
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including Food Basics, Jumbo Video, McDonald's Canada, No Frills, Shoppers Drug Mart, and Tim
|
9852_100
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Hortons, stopped accepting the $100 banknote in 2001 as it became increasingly counterfeited.
|
9852_101
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By 2013, counterfeit versions of the banknote represented half of all counterfeit banknotes in
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9852_102
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circulation in Quebec, and 80% of all counterfeit $100 banknotes in the province.
|
9852_103
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$1000 note
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9852_104
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The pink-hued $1000 banknote has an obverse with the same portrait of Elizabeth II used on the $2
|
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banknote adjacent to a vignette of the Centre Block and Library of Parliament, the modern flag of
|
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Canada flying from the Peace Tower. The reverse features a pair of pine grosbeaks, the engraving of
|
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which was based on a watercolour by John Crosby. Originally, it was intended to use an image of a
|
9852_108
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spruce grouse, but its nickname "fool hen" was "considered too controversial". This was the first
|
9852_109
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new $1000 bill printed since the 1954 Canadian Landscape series.
|
9852_110
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The banknotes were often referred to as "pinkies" because of their colour. On average, a $1000
|
9852_111
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banknote remained in circulation for 13 years owing to its infrequent use. It was released on 4 May
|
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1992. The banknote was withdrawn from circulation by the Government of Canada on 12 May 2000 at the
|
9852_113
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request of the Bank of Canada, the Department of Finance, and the Royal Canadian Mounted Police
|
9852_114
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(RCMP) as part of a program to reduce organized crime. At the time, 2,827,702 of the $1000 bills
|
9852_115
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were in circulation, representing 0.3% of all circulating currency; in 2001, 520,000 banknotes were
|
9852_116
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withdrawn from circulation and destroyed. By 2011, fewer than 1 million were in circulation, most
|
9852_117
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of which were held by organized crime and used for money laundering.
|
9852_118
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Printings
|
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Each printing of the banknote series is signed by the Governor of the Bank of Canada and the deputy
|
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governor.
|
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The Canadian Bank Note Company (CBN) printed the $2, $5, $20, $50, and $1000 banknotes, and the
|
9852_122
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British American Bank Note Company printed the $2, $10, $20, and $100 banknotes.
|
9852_123
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Security
|
9852_124
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All banknotes featured intaglio printing, microprinting and fine lines, fluorescence, and unique
|
9852_125
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colours and serial numbers. The intaglio printing is raised ink appearing on the large numeral, the
|
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Arms of Canada, parts of the portrait, and the horizontal bands containing the words "BANK OF
|
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CANADA". The fine but clear microprinting cannot be easily reproduced by photocopiers and printers,
|
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and appears on the background patterns of the banknotes, the facial portion of the portraits, and
|
9852_129
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in the vignette of the Parliament buildings. The colours used on the banknotes were based on
|
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security inks that could not be easily replicated.
|
9852_131
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The $20, $50, $100, and $1000 banknotes had a colour-shifting metallic foil security patch on the
|
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upper left corner, an optical security device that was difficult to reproduce with colour
|
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photocopiers and other commercial reproduction equipment of the time. It was a vacuum-deposited
|
9852_134
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thin film consisting of ceramic layers developed by the Bank of Canada and the National Research
|
9852_135
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Council of Canada in the early 1980s and was manufactured at the Bank of Canada roll-coating
|
9852_136
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facility. The iridescent smooth patch would appear in a gradient between gold and green and show
|
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the face value of the banknote depending on the viewing angle, had no raised edges, and could not
|
9852_138
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be peeled off the banknote. When photocopied, it would appear as a dark patch. All banknotes in the
|
9852_139
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series were printed with a security ink that would fluoresce blue under ultraviolet light.
|
9852_140
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The banknotes also had a feature causing photocopiers recognizing it to refuse to copy the
|
9852_141
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banknote, and a digital watermark which had the same effect on personal printers and scanners.
|
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These features had no effect on devices that could not recognize them.
|
9852_143
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This was the last Canadian banknote series to include planchettes, small green dots on the paper
|
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bills introduced in the 1935 Series (banknotes). These dots fluoresce blue under ultraviolet light
|
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and were used as a security feature. Some planchettes could be removed from legitimate bills,
|
9852_146
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leaving a perfect bluish circle on the bill. Planchettes occurred with random position on both the
|
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obverse and reverse of banknotes, either on the surface or within the note.
|
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In the mid 1990s, the Bank of Canada tested a new substrate for use in printing banknotes. It
|
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printed 100,000 experimental $5 banknotes having a substrate of polymer core with paper at the
|
9852_150
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sides. The project was discontinued because the supplier could not produce the substrate at the
|
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scale required by the Bank of Canada for printing banknotes.
|
9852_152
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Counterfeiting
|
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An attempt to create a faithful counterfeit reproduction of the $50 banknote using colour
|
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photocopiers was recorded in 1990. By the mid 1990s, counterfeiters had found a way to accurately
|
9852_155
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reproduce the metallic foil. Counterfeit banknotes did not usually properly reproduce the fine
|
9852_156
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lines and microprinting, rendering it as smudged or blurry.
|
9852_157
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The security features introduced in the Birds of Canada series led to a reduction in the
|
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counterfeit ratio of bills circulated in Canada to 4 parts per million (PPM) by 1990, one of the
|
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most secure currencies in the world. With the continuing advances in retail and commercial
|
9852_160
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technology, by 1997 the counterfeit ratio had increased to 117 PPM, exceeding the 50 PPM de facto
|
9852_161
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international benchmark. In late 2000, Wesley Weber scanned the $100 banknote, and for weeks used
|
9852_162
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graphics software to correct the "fuzziness of the image" and improve its sharpness. He then
|
9852_163
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conducted research to find a paper stock similar to that used for the real banknotes that would not
|
9852_164
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fluoresce under ultraviolet light, and chose Mohawk Super Fine soft-white cotton fibre stock with
|
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eggshell finish. He used an inkjet printer to print three counterfeit bills per page, and
|
9852_166
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stencilled onto each bill a metallic patch similar to the optical security device that he obtained
|
9852_167
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from a company in New Jersey. He was arrested in 2001, by which time he had manufactured
|
9852_168
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counterfeit banknotes with a face value of $6 million, and Canada's counterfeit ratio had increased
|
9852_169
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to 129 PPM. That year, the Bank of Canada introduced the Canadian Journey Series, the banknotes of
|
9852_170
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which were more resistant to counterfeiting.
|
9852_171
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In 2003, a high-quality counterfeit version of the $20 banknote was found in circulation in Ontario
|
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and Quebec. These counterfeit banknotes had been manufactured using "high quality paper, a manual
|
9852_173
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hot foil-stamping machine, and airbrushing equipment" and die cut. Several Bulgarian counterfeiters
|
9852_174
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were convicted and sentenced for counterfeiting the banknotes in December 2006. By 2004,
|
9852_175
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counterfeit Birds of Canada $20 banknotes represented nearly 65% of all counterfeit currency in
|
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Canada.
|
9852_177
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Today, the Birds of Canada banknotes are relatively easy to counterfeit with inkjet printers. The
|
9852_178
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Birds series and the original Canadian Journey Series are the most commonly counterfeited Canadian
|
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banknote series because of their lack of modern security features.
|
9852_180
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Effectiveness
|
9852_181
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The Bank of Canada commissioned a research survey of cash handlers and the general public to
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