Bank of Canada 1954 Five Dollar Bill

Description:   1954 $5 bills were issued as “devils face” and as “modified portrait” notes. We show examples of both types in our picture guide below. If you look at Queen Elizabeth’s hair then you can see a shape that looks like a hook nose, bushy eye brows, and snarled lips. That is the identifier for the devils face note. Our guide here specifically applies to devils face notes. The modified portrait variety is many times more common than the devils face variety. All Canadian bank notes from 1954 have a similar face design. Only the colors and back designs differ between denominations. Five dollar bills are blue in color and show a scene with a rushing river and pine trees on the back of each bank note. It has been identified as Otter Falls.

Varieties:   J.E. Coyne and G.F. Towers or by J.R. Beattie and J.E. Coyne signed all of the 1954 $5 bills with the Devils Face variety. Keep an eye out for notes that have a serial number that begins with an asterisk symbol. That asterisk represents that the bank note was issued to replace a misprinted $5 bill. These were rarely used on Devils Face notes. There are lots of other common varieties for the modified portrait notes that we are not covering here.

Quantity Printed:   89,033,600 (total applies only to Devils Face notes)

Text:   Canada – Five Dollars – Cinq Dollars – Bank Of Canada – Banque Du Canada – Will pay to the bearer on demand – Ottawa 1954 – Paiera au porteur sur demande -British American bank note company limited – deputy governor – governor – sous gouverneur – gouverneur

DEVILS FACE FRONT:

MODIFIED PORTRAIT:

BANK NOTE BACK:

DETAILED IMAGE:

NEED AN APPRAISAL OR WANT TO SELL?

We are only buying 1954 Devil’s Face notes that also have a serial number that starts with an asterisk.  Please contact us if you have something like that.  Otherwise we would not be a buyer.

Manning@CanadaCurrency.com