Coin and Banknote Collecting

[9924]

3 hours ago, Transitfan39 said:

General Question: A friend has 3 1$ Canadian bills that looks legit and I was wondering how much are they worth and if banks would accept it 

Banks will only give you face value.  Depending on the banknote itself and its condition, it might be worth a little bit more to a lot more to a collector.

[tomsbuspage]

On 11/10/2020 at 9:57 PM, Transitfan39 said:

General Question: A friend has 3 1$ Canadian bills that looks legit and I was wondering how much are they worth and if banks would accept it 

It depends how old the notes are, what their condition is, and if they are of a special variety.  The Bank of Canada issued $1 bills in 1935, 1937, 1954, 1967, and 1973 series, and they were last officially issued in June 1989.  They are still legal tender at the moment but that status will be removed on 01/01/2021, which means that they will no longer legally be considered money.  This change will also affect $2, $25, $500, and $1000 bills, all of which are also no longer being issued.  However, financial institutions and the Bank of Canada will continue to redeem them at face value.  There's more information here: https://www.bankofcanada.ca/banknotes/upcoming-changes-to-legal-tender-status-for-older-bank-notes/

On the collectors' market, older notes are generally worth more than newer ones.  According to canadacurrency.com, notes issued after 1966 aren't really worth anything over face value as they are simply too common.  There are tables online through which you can determine the age of a note by its signature combination and serial number.  Also, the condition of the note affects it value--is it a crisp new uncirculated note or is it a beaten-up old rag?  Replacement notes are worth more than regular notes--these are indicated by an asterisk in front of the serial number for notes issued between 1954 and 1981, or an "X" as the third prefix letter on notes issued after 1981--and experimental notes can be worth hundreds of dollars--the only currently known $1 experimental notes were from the 1973 series, and these had the prefixes of AXA and EXA.  Finally, certain serial number patterns can fetch a premium on the collectors' market, such xxx0000001, xxx5000000, or xxx3333333.  This website lists some collector values for Bank of Canada notes: https://www.coinsandcanada.com/banknotes-prices.php

Here are images of the different series and the signature combinations in chronological order:

1935 (English and French issues)

J. A. C. Osborne - G. F. Towers (all notes)

1937

J. A. C. Osborne - G. F. Towers (1937-1938)
D. Gordon - G. F. Towers (1938-1949)
J. E. Coyne - G. F. Towers (1950-1954)

1954 ("Devil's Face" and modified issues)

J. E. Coyne - G. F. Towers (1954 only)
J. R. Beattie - J. E. Coyne (1955-1961)
J. R. Beattie - L. Rasminsky (1961-1971)
G. K. Bouey - L. Rasminsky (1972-1973)
R. W. Lawson - G. K. Bouey (1973-1974)

1967 (Regular and commemorative issues)

J. R. Beattie - L. Rasminsky (all notes)

1973

R. W. Lawson - G. K. Bouey (1974-1984)
J. W. Crow - G. K. Bouey (1984-1989)

[Loud-Invero]

On 11/10/2020 at 9:57 PM, Transitfan39 said:

General Question: A friend has 3 1$ Canadian bills that looks legit and I was wondering how much are they worth and if banks would accept it 

Depends on a variety of factors such as condition, scarcity, any errors or interesting numerical formats (like "radar" serial numbers), etc.

I don't remember when, but as of right now they're legal tender can be used anywhere in Canada. However I believe effective January 2021, select old bills will lose their legal tender stauts so they can not be used for day-to-day transactions. After revocation of legal tender status, they can be surrendered to a bank to be exchanged for the face value of the bill.

Anywho, an unexpected gift came my way today. Here's a 1903 Prince Edward, 92.5% silver dime!

[Greatcoinz]

I don't collect foreign coins except for Hungarian & Chinese Pandas but this I found at work. 

I just got to one planes that I was about to load up. Climbed in and found this Jamaican 2018 $10 Coin. After doing some research, $10 in Jamaican is equivalent to $0.087 in Canadian.