The 1935 $20 note of the first national banknote series. It features the young Princess Elizabeth, (Bank of Canada currency museum) Canada History, March 11, 1935: the first “Canadian” banknotes ...

Why a 1935 Canadian Banknote Is Set to Sell for Upwards of $250K Valued at a quarter million dollars, ... an example of the very first series of banknotes issued in the early 1930s.

Sporting a necklace and earrings, a 28-year-old Elizabeth first appeared as the Queen on Canadian currency in 1954. (She appeared on the $20 bill in 1935 while Princess Elizabeth).