#OLD CURRENCY VALUE CHART HOW TO#
#OLD CURRENCY VALUE CHART SERIAL NUMBER#
#OLD CURRENCY VALUE CHART SERIAL#

The luster is great, the points are clear, and there are no creases, folds or rips. Any blemishes that do exist are barely visible to an untrained eye.Ībout Uncirculated: This type of bill shows almost no wear or tear. Very Fine: A bill in this condition has what most of us would consider to be almost no flaws including fold marks, creases, or faded imagery/lettering.Įxtremely Fine: The bill has very little wear and all the high points are in order and crisp. Very Good: This type of bill has some wear and tear, but none of it really alters the appearance of the bill.įine: The bill has some wear but none of the image is affected, including by creases or tears. Good: A bill has some obvious circulation issues such as cracking, creasing, rips, smudges, etc., but overall, the condition would still allow the bill to be collectible. That is as follows (this description is general as the Sheldon system has over 70 different grading designations): The grade is almost always based on the internationally recognized Sheldon Grading Scale. The organization then evaluates the condition of the currency and grades it. The organization you take your bills to will evaluate each bill and determine if it is a valid form of Canadian currency.

#OLD CURRENCY VALUE CHART SERIAL#

Private Organizations And Serial NumbersĪ person with older Canadian paper currency can take their currency to a private organization or dealer that specializes in evaluation of currency. A person with a counterfeit bill will not receive compensation for that bill.

If the bill is determined to be counterfeit, the bank is compelled by law to seize and hold the currency. If the institution will not honor the bill and it cannot be proven to be counterfeit, the owner of the bill is entitled to receive it back. The determination to honor them is up to the institution’s policy on the matter. This is the case for all bills that were decommissioned by the Canadian government that lack a polymer strip security feature.īills that are not clearly valid and might be counterfeit, based on several indicators, may still be honored by the institution in question. If the bill is deemed to be valid, the bank will pay out the face value of the bill. You can take your Canadian paper money, prior to 2013 (the year the polymer security strips appeared in Canadian bills), to a bank and the bank can evaluate the value of the bill. There are a few ways to determine if your Canadian paper money is worthless, worth the face value of the note, or worth more than the face value.

#OLD CURRENCY VALUE CHART HOW TO#

How To Tell Canadian Paper Money Value By Serial Numbers

Some Canadian paper bills, though, are worth much more than their face value. Regardless of whether or not a banknote is still legal tender, banks in Canada have a policy that the institution will accept all currency turned in and pay out the face value of that currency once it is deemed not to be counterfeit.

Worth more than its face value because of its age.

In response, many Canadians began to examine their paper bills and wondered if what they have in their possession was: All other banknotes issued by the Bank of Canada remain legal tender. The official reason for this was that many older bills still recognized as legal tender lacked basic security measures to help prevent counterfeiting. In January of 2021, multiple denominations of official Bank of Canada paper currency were no longer recognized as legal tender. By performing some basic research into the serial numbers of paper bills, you can find out the true value of your outdated currency. With the changes in the making regarding formalizing Canadian currency, the value of what is now unrecognized currency has become a question. Because Canada has the paper bills history it does, moving to a more formal currency system has left a lot of paper money unusable but still valuable.

#OLD CURRENCY VALUE CHART SERIAL NUMBER#

You can tell Canadian paper money value by serial numbers by researching serial number databases. If you have old bills lying around, it’s worth learning how to tell Canadian paper money value by serial numbers. Some of it is worth much more than its assigned denomination. Canada has a diverse history with paper currency, including many forms of bills that lack basic security features.

Old currency value chart