1974 Canadian 2 Dollar Banknote – Arctic Life in a Changing Nation
As Canada moved through the 1970s, its currency reflected a growing appreciation for Indigenous heritage and northern identity. The 1974 $2 banknote, part of the “Scenes of Canada” series, marked a shift toward more inclusive and regionally diverse imagery. Issued during a time of cultural introspection and economic change, this note features a powerful depiction of Inuit hunters on Baffin Island, capturing a moment of traditional life in the Arctic.
This was also one of the last Canadian banknotes to be printed entirely on paper before the introduction of polymer decades later. Its warm red tones and intricate engraving make it a standout piece in any collection.
Key Features & Historical Significance
Issuer: Bank of Canada
Denomination: 2 Dollars
Year of Issue: 1974 (released in 1975)
Pick Number: P-86
Printer: British American Bank Note Company
Size: Approx. 152 × 70 mm
Material: Paper with intaglio and lithographic printing
Design Highlights
Obverse: Portrait of Queen Elizabeth II, engraved by Henry S. Doubtfire from a photograph by Anthony Buckley. The design includes the Canadian coat of arms and a Parliament Hill vignette.
Reverse: A striking engraving of Inuit hunters in a kayak and on foot, based on a photograph by Doug Wilkinson taken at Pond Inlet, Baffin Island. Engraved by C. Gordon Yorke.
Bilingual Text: Reflects Canada’s English and French linguistic heritage.
Colour Scheme: A rich red-orange hue, both bold and symbolic.
Security Features: Rainbow printing, red and blue serial numbers, and UV-reactive planchettes.
Why Collect This Banknote?
The 1974 $2 note is a compelling blend of artistry, cultural storytelling, and transitional design. It offers:
A rare glimpse into Inuit life, beautifully rendered in intaglio
Historical value, as part of the last full paper series before polymer
Multiple signature and prefix combinations, including scarce replacement notes
A strong visual identity, ideal for display or gifting
Celebrate Canada’s northern spirit and cultural diversity with this iconic $2 note. Whether you’re a collector, a history lover, or a gift-giver, the 1974 Canadian 2 Dollar banknote is a meaningful and memorable piece of the nation’s story.
