"Miscut" 1973 $1 and 1986 $2 notes

"Miscut" 1973 $1 and 1986 $2 notes

As many people are aware, the Bank of Canada began issuing uncut sheets of 40 notes to the public starting in December 1988 with the 1973 series $1 notes. Later issues included 1986 Birds of Canada series $2 notes, along with 1986 Birds of Canada series $5 and 1989 Birds of Canada series $10 notes. These uncut sheets are very common today and are available at very affordable prices.

However, some entrepreneurial individuals have decided to exploit this even further by producing "miscut" notes such as the examples below.

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"Miscut" 1973 $1 Note

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"Miscut" 1986 $2 Note

Before purchasing any such notes, look at the prefix of the note. The list below includes all known prefixes that were widely issued as uncut sheets, including a few that were inadvertently released as uncut sheets.

$1: BFD, BFK, BFL, BAX, ECP, ECR, ECV, ECW, EAX
$2: BBU, BGM, BBX, BRX, CBJ, CBK, EBA, EBB, EGL, EGT, EGU, EBX
$5: ANU
$10: BEH
Others: 1973 $1 *NP

If the "error note" that you are considering to purchase has one of the above prefixes, take it with a grain of salt that it could be a fabricated error. While genuine cutting errors could occur with these prefixes, there is no possible way to authenticate it as such unless it is a printing error as opposed to a simple cutting error of a fully and properly printed sheet.