Last updated on June 26th, 2020 at 03:18 amIn the year 1817 Canadian banks first produced and issued paper money, however, in 1935, a few years after the Bank of Canada was created, it changed how Canadian paper money was viewed in Canada. To celebrate this momentous year and the years following, Colonial Acres has a variety of these historical and sentimental notes available. We’re going to look at why 1935 is considered such an important year and who were the men who changed and made history. The year was 1933, and the Great Depression was in full effect, the…
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Last updated on February 27th, 2023 at 12:01 pmA couple of decades ago a cashless economy seemed like a fantastic idea that only belonged in science fiction, but today it is a reality that exists in many countries and one that others, like Canada, are moving towards. If the trend continues, Canadian paper money may soon become rarities. The journey away from cash started in the 19th century with the advent of the use of wire transfers, the only alternative to cash.  This was predominantly used by large commercial entities and very wealthy individuals. Alternative payment methods such as credit…
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Last updated on June 26th, 2020 at 02:34 amMany individuals engaged in the fascinating hobby of collecting paper money, are aware of the delicacies and how quickly they can deteriorate over time. Mishandling, fading, fungus, insect damage and foxing (paper turning yellow) can really cause your paper money collection to deteriorate quickly.  If you are a collector of paper money, there are steps you can take to prevent them from deteriorating.  Here are some tips on how you can maintain your hobby and keep your precious Canadian paper money safe as you continue your quest to add more to your…
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Last updated on June 25th, 2020 at 11:17 pmThe devils in the detail they say, or perhaps the detail is the devil in the case of the 1954 Canadian paper money series.   In the early 1950s, the Canadian government decided to print a new series of paper money bills for the country. This series of eight banknotes displaying Canadian landscapes were introduced in 1954 and was created to replace the notes featuring King George VI that dated back to 1937. The new notes were supposed to be a fresh start for the country and symbols of British dominion were…
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The 1920 five dollar bill issued by the Home Bank of Canada, which was believed to not be part of any personal collection, has now resurfaced among the circles of numismatists. The only other known copy of this note is being held at the National Currency Collection of The Bank of Canada. Continue reading for more details about this extraordinary numismatic masterpiece. Home Bank of Canada Notes The Home Bank of Canada was established in 1903 but only existed until 1923, when the last notes marked with that name were issued. This is why there is very little Canadian paper…
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Last updated on June 26th, 2020 at 02:34 amCounterfeiting is a very old and fraudulent practice that occurs not just in Canada but all over the world. It involves the act of making unauthorized (illegal) versions of legitimate items, such as money. Since the establishment of money as currency and its subsequent popularity in use the practice of counterfeiting has also become prevalent.  It is important to arm yourself with knowledge so that when fraudsters try to create counterfeit versions of Canadian paper money, you can protect yourself. If we work together, we can thwart the efforts of fraudsters who…
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Last updated on June 25th, 2020 at 11:08 pmIf you are looking to add an interesting piece of Canadian paper money to your collection, think about finding a banknote that is of great value – the $25 commemorative note. This is a limited-edition note and it commemorates the silver jubilee of King George V. At the same time, there are many more interesting details related to this banknote that make it one-of-a-kind. In order to learn more, keep on reading. Interesting Facts You may not be aware of the fact that there was a time when the Bank of Canada…
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Last updated on November 2nd, 2021 at 02:36 amIt is no secret that Canadian paper money notes tend to feature prominent individuals from Canadian history. In accordance with such a tradition, the new face on the $10 bill is going to be Viola Desmond. Born in Nova Scotia, Viola Desmond was a famous and prominent fighter for civil rights, and on top of that, a renowned businesswoman. That is exactly why Viola Desmond is the first Canadian woman to be featured on a regular banknote. This came as a very positive surprise to many in her native town of Halifax…
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Last updated on July 18th, 2019 at 07:00 am‘The Scenes of Canada’ contain 7 pieces and each of them is special in its own way. What makes this particular series exquisite is its colour. It is quite pleasing to just look at this multicoloured series and see how the geometric patterns on them twist and sway around the edges. To learn more about Canadian paper money and this particular series, keep on reading. The $1 note Originally issued in June 1974 and printed by both British American Bank Note Company and Canadian Bank Note Company Ltd. The back of the…
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Last updated on June 26th, 2020 at 02:30 amAre you fond of collecting Canadian paper money, but aren’t exactly sure where to find great specimens to add to your collection? Well, many collectors out there are wondering the same thing. This hobby has proven to be a great way to preserve valuable items that can be studied by others in the future, which is why collectors are very important. People can learn a lot about a country’s history solely by its paper money and that is why collections can be crucial for different types of research. So, when it comes…
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