Good question... it's not something I have knowledge of, but I would like to know the answer.
OK, thinking about this a little...
It may possibly be the case that older notes' copyright has lapsed, but that does not mean it's OK to reproduce images of them. The Copyright Act is only half of the puzzle when it comes to this stuff.
Because the old notes are still considered "current" banknotes (insofar as they are still redeemable and still held as a liability of the Bank of Canada), the Criminal Code could consider reproductions as counterfeiting. The same definition of current could apply to *any* banknote issued by any bank or its successor who still survives or failed after 1890.
It's a bit of a gray area, particularly concerning digital images, but I suppose it could be argued that a digital image of a banknote might be a tool for counterfeiting, just like a computer or printer might be.
Bottom line (as far as I'm able to reason): Unless you're dealing with banknotes of defunct bank from prior to 1890, you're probably going to run into some form of protection against the reproduction of banknote images.
« Last Edit: February 13, 2013, 04:38:56 am by BWJM »
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BWJM, F.O.N.A.
Life Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.