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 Replies: 9 / Views: 8,612 |
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Valued Member
Canada
290 Posts |
Hi, about a year ago I went to my RBC and asked the teller if I could get banknotes which have never been in circulation. She told me that I could, but I have to place an order, and that will cost me a flat fee, if I remember correctly. I don't think there is a limit to how many you can order. I never placed an order because I was short on money at that time, but I am now considering doing this.
My questions are, to anyone who has done this before,
Are all the banknotes guaranteed uncirculated?
If not, are they mostly uncircuated?
How much is the fee approximately?
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Valued Member
Canada
497 Posts |
I ordered a brick ( 1000 notes ) of 5s a couple of years ago when my kid worked at a bank. The notes were all uncirculated, consecutive serial numbers ( this is what you pay a fee for). Took about a month to receive . Each bundle of 100 were banded with a paper Bank of Canada band, and as I remember each bundle was shrink- wrapped in celophane, then the whole brick was shrink-wrapped again. The fee then was about $20. I found 2 fairly common inserts for my trouble, same prefix as the rest of the notes, just the serial numbers were out by a few thousand.
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Valued Member
 Canada
290 Posts |
Interesting... so there were no replacement notes in your brick ?
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Valued Member
Canada
497 Posts |
I found 2 inserts (replacements). Also depending on your relationship with your branch, they may charge you a counting/handling fee when you return the notes. Some reports from collectors getting loose uncirculated polymers from the bank have said that the notes were not cosecutive, maybe mixed at the bank or possibly beforehand to discourage insert searching?
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Valued Member
Canada
290 Posts |
Quote:
maybe mixed at the bank or possibly beforehand to discourage insert searching? Yes, I can see why they'd do this. I've just checked the cdnpapermoney forum and I've read that it was reported by someone there too. Sorry, I'm not familiar with the term insert. I know this is off topic, but would you know where I can get information on what inserts are exactly ? Thanks for the info |
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Valued Member
Canada
497 Posts |
Basically I think inserts are what replacements have evolved into. There were asterisks for the 54,67 and multicolour series, then at the end of the multicolour they switched to 3 letter prefix with an X in the last letter position. Then for 79 series with the serial numbers on the back without letters, replacements had a 1 as the second digit from the left. Then in the bird series, they had X bills again, but later on used certain 3 letter prefixes in a certain range as inserts/replacements, for example ANH was a regular issue prefix, but ANH between 3560000 and 3960000 were inserts. This pattern of using regular prefix notes in certain ranges as inserts became the standard for the journey series, and who knows what they will do for the polymers. Pick up Charltons Canadian Gov't Paper Money for more info.
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Valued Member
Canada
290 Posts |
I read a bit on the topic, so if I understand correctly, if I buy a brick of 100 notes and find a couple notes which have serial numbers which are not consecutive with the other 98 notes, these are inserts aka replacement notes?
And the only thing that proves that they are indeed replacement notes is the mere fact that they were not consecutive serials in the bundle of 100. So there are no stars like on the USD or unique prefixes like previous CAD banknotes. The prefixes are the same as on regular bills. Only serial numbers within a certain range of a prefix are an indicator that they are replacement notes. And does the Charltons catalogue give us that range of serials?
I also read about people who found inserts in their bundle, but they could not prove somehow that they were inserts(because the catalogue did not provide a list of serial ranges I'm guessing?) and that they were the only ones to know that what the had found were inserts.
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Valued Member
Canada
497 Posts |
Yes, if you buy a brick of 1 thousand notes, any that are not consecutive should be inserts, and the Charlton gov't paper book has lists of past inserts which are updated each year, but new insert ranges would have to wait for the next years publication, or you could check them out with other brick searchers on the Canadian Paper Money site.
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Pillar of the Community
Canada
650 Posts |
I work with currency dailey, the order form for RBC has a place for currency straight from Bank of Canada. I belive the charge is $1.00 per strap [100 notes per strap]a block would be 10 straps 10 x 100 = 1000 notes. The denomination is not part of the detemination as with coins.
I don't colllect notes, I have a crappy set of shinplasters and a few other notes, I have seen straps of 1991 issue, circulated, decent shape , any value?
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Valued Member
Canada
290 Posts |
Quote:
I work with currency dailey, the order form for RBC has a place for currency straight from Bank of Canada. I belive the charge is $1.00 per strap Just one dollar for a strap straight from the Bank of Canada? Are the notes circulated ? Quote:
I have seen straps of 1991 issue, circulated, decent shape , any value? We would need to know about the notes individually in order to tell you about the value. |
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Replies: 9 / Views: 8,612 |
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Posted 02/14/2012 11:17 pm
