3 Tips To Help Sell Your Coins or Paper Money Coin collecting can be an interesting hobby, and potentially a lucrative one. If you sell a collection of coins or paper money, you could end up making a tidy profit. Whether you are the collector or the heir of someone else’s collection, you want to get the most out of it and receive a fair price. Here are some tips to help you get a good deal. 1. Organize Your Collection Organizing your collection makes the evaluation process easier. It may be that you already keep your collection in an…
Paper Money
Learn More About the 5 Faces on the Back of Canada’s Paper Money
Since the Bank of Canada first started releasing its own banknotes in 1935, there have been seven series of Canada paper money, each with its own designs and overall theme. The most recent series, known as the Frontier series, has been in circulation since 2011. Each of the five denominations of this series bears a different portrait of a significant figure in Canadian history. Some of the portraits may be more readily recognizable than others, but each has contributed something important to the country and is therefore worth learning more about. Sir John A. Macdonald John A. Macdonald was the…
World Paper Money: What Is Notaphily?
People across the globe spend their free time collecting money. While some might think that collecting money encompasses keeping a checking or savings account, there’s so much more to currency than just banking. Collectors that clock serious time researching, seeking, and finding currency are called numismatists. Then there are those who specialize in collecting paper money and they are referred to as notaphilists. Find out more in this article about notaphily and how Colonial can help with starting or expanding your world paper money collection today. Notaphilists and Notaphiles Those well versed in the history and collecting of paper currencies…
How Much Could The Canadian $1 Bill Be Worth Now?
Current Canadian paper currency has security features that help prevent counterfeiting. Older, discontinued bills lack these features. In an effort to curb counterfeiting, these discontinued Canadian banknotes can no longer be used in transactions. This doesn’t mean that they do not have value, however. If you have discontinued bills in denominations of $1,000, $500, $25, $2, or $1, you can return them to the Bank of Canada and redeem them for the face value. However, before you remit a Canadian one-dollar bill, take a close look at it. If it is in very good condition or bears other rare features,…
The 1954 Canadian Paper Money Landscape Series
Since both Canadian paper money and currency have traditionally borne a portrait of the reigning monarch, the Royal Canadian Mint started planning a new series of banknotes in 1952 following the death of King George VI and the ascension of Queen Elizabeth II to the throne. The bills were due for an update since the ornate borders and allegorical figures featured at the time reflected a more Victorian sensibility. It was decided that the bills should be redesigned to reflect a more distinctly Canadian character. A series of rural images from around Canada was chosen for the reverse of each…
The History Of The Two Dollar Canadian Bill
Canada discontinued its two-dollar bill 25 years ago and replaced it with the toonie coin. The government then pulled tender status from this and several other banknotes in 2021. Now, this piece of Canadian paper money can be worth up to tens of thousands of dollars for a rare and perfect note. Two-Dollar Creation The two-dollar bill came into circulation in the 1800s, before the Confederation of Canada. In 1886, the Province of Canada began printing its own Canadian paper money, which included the two-dollar denomination. Starting in 1901, the Dominion of Newfoundland also printed notes that included a two-dollar…
Is Canadian Paper Money Making a Comeback?
When the COVID-19 outbreak forced more people to stay at home and turn to online sources for most purchases, many experts predicted that the pandemic would just accelerate the world’s march toward the death of cash. Surprisingly, however, Canada has seen a significant post-pandemic increase in the amount of paper money in circulation. In this blog, we’ll look at how this cash comeback occurred and why the demand for Canadian paper money has increased. The Push for Paperless For decades, people in Canada and much of the rest of the world have been moving away from using paper money as…
Is it Worth Collecting and Saving Canadian Tire Money?
Over the years when you made purchases at a local Canadian Tire store, you would receive coupons in the form of Canadian Tire money redeemable for in-store purchases. Canadian Tire money is recognizable by its bright colours and the popular images of Sandy McTire, the tam-wearing Scotsman. Though the denominations are smaller, it closely resembles Canadian paper money in many respects. At one point, Canadian Tire money was even printed on similar stock. As a Canadian institution since 1958, it is sometimes viewed as the country’s unofficial second currency. At Canadian Tire stores, the coupons are worth their face value….
History of the Dollar Bill in Canada and Around the World
While numismatic collecting tends to focus primarily on coins, many people also have an interest in collecting world paper money. The basic monetary unit in Canada and many other countries around the world is the dollar. While many countries worldwide still use a paper dollar bill, Canada has not for over 30 years. This makes Canadian dollar bills somewhat rare and more collectible. What Countries Use the Dollar? The dollar is the basic monetary unit in Canada, the United States, and other current or former British colonies, such as Australia and New Zealand. Many countries in the Caribbean also call…
Have Your Out Of Print Paper Money Appraised Before Cashing In!
As you may know, many Canadian paper money notes were officially removed from their legal tender status on January 1st, 2021. For the most part, this money can be cashed in for new paper money of the same value. However, you should consider getting your older bills appraised before you take the cash equivalent. Some of them may be worth more than they appear. Bank Notes Being Removed From Legal Circulation The Bank of Canada’s paper money only covers a few denominations at a time. Currently, only $5, $10, $20, $50 and $100 bills are issued. However, typically, notes that…
