Canada 1954 $2 Two Dollar Replacement Banknote Beattie - Rasminsky *B/B BC-38bA VF

Offered here is a 1954 Canadian $2 banknote featuring the Bouey–Rasminsky signature combination and the *rare B/B prefix, which designates it as a replacement note, catalogued as BC-38bA in the Charlton Standard Catalogue.

What is a Replacement Note?

A replacement banknote is printed to substitute defective notes caught during the printing process. Instead of reprinting the same serial number, these replacements were marked with special identifiers—such as a star (*) prefix, as seen here. This *BB prefix was used exclusively for replacement notes in this series. Since these notes were produced in limited quantities and never intended for public recognition, they are much scarcer and more collectible today.

Historical Context

This note belongs to the Modified Portrait Series, which replaced the original 1954 design known as the “Devil’s Face” variety. The portrait of Queen Elizabeth II was altered to remove what some believed resembled a devil’s face in her hair.

The note you will receive is in similar condition to the one shown and makes an excellent addition to any Canadian banknote collection—especially for those seeking rarer varieties like replacement issues.