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Replies: 8 / Views: 2,452 |
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Pillar of the Community
Canada
1700 Posts |
I know many people who hunt pennies, nickels, dimes, and Quarters since they're inexpensive. What about loonies, toonies, or paper money? They cost lots of money, but one of my friends actually hunts for radars on $5 bills. Is that popular with paper money collectors? For loonies and toonies, what do people look for? Errors? Commemoratives? Please share your thoughts.
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Pillar of the Community
Canada
4944 Posts |
I always search paper money, and it is very common with paper money collectors. When searching paper money, you can look for insert notes (Modern day replacements), Changeovers, special serial numbers, and errors.
When looking for error notes, you can look for the very obvious cutting errors or serial number errors. Where the S/N on the left is not the same as the right. (This can also happen with prefixes)
Here is a list of "special numbers" that you can look for, I have posted this on the forum a couple of times, but it is a great reference.
Here is a breakdown of the "special numbered" notes, that you should be looking out for. All of the prices are just estimates. (The prices are given for the Journey Series notes - Which is the currency that is used on a day to day basis) If a "special number" is on an older series of banknote, then it will be worth more. All of the estimates given are for Uncirculated condition. The price will change based on condition, denomination, and prefix.
Solid Radars: The serial number consists of only 1 digit. Since the majority of Canadian notes have a run of 10,000,000 (Serial Numbers 0000001 to 9999999) - There are only 9 "Solid's" per prefix. The serial number 8888888 is worth more and will be talked about later.
Example: 1111111, 2222222, 3333333 Price: $1,000 to $1,250 *Note: The serial number 8888888 is worth more and will be talked about later. (See "Rotator Note" Section)
Two Digit Radars: The serial number consists of only 2 digits.
Example: 1221221, 0300030, 5115115 Price: $75 to $170 (Roughly $70 over Face Value)
Three and Four Digit Radars: The serial number consists of only 3 or 4 digits. These are common notes.
Example: 1409141, 0049400, 2533352 Price: $20 to $120 (Roughly $15-$20 over Face Value)
Ladder Notes: A "Ladder Note" has a consecutive serial number. Ladder notes can be Ascending/Descending or Ascending/Descending Radars.
Example: 1234567 (Ascending), 1234321 (Ascending/Descending Radar), 9876543 (Descending) Price: $400 to $475
Million Numbered Notes A million numbered note is exactly what it sounds like. The Serial number will consist of any number followed by 6 zeros. Just like the solid radar notes, there are only 9 of these per prefix.
Example: 1000000, 2000000, 3000000 Price: $400 to $550
Low Serial Numbered Notes Banknotes with a serial number that is 1000 or lower is considered to be a "Low Serial Numbered Note"
Example: 0000001, 0000050, 0001000 (Low Serial Number Radar) Serial Number 1 - $1,550 to $1,750 Serial Number 2 to 9 - $110 to $325 Serial Number 10 to 99 - $20 to $180 Serial Number 100 to 999 - $18 to $135
Rotator Notes or "SWIMS" Note: The Serial Number on a Rotator note is the same as when you flip the note upside down. On a rotator note, the middle digit must be an 8 or 0, and the remaining digits have to be 0, 6, 8, or 9.
Example: 9000006, 8980868, 6990669 Price: $130 to $240 *Note: The Solid 8's Note is probably worth $1,500
Repeater Notes: Repeater Notes have a serial number that keeps repeating itself. These can include radars.
Example: 4014014 (401 Keeps Repeating), 0199019 (0199 Keeps Repeating), 5656565 (Two Digit Radar Repeater. 56 Keeps Repeating) Price: $80 to $170 (Two Digit Cycle) Price: $15 to $120 (Three Digit Cycle)
All Price Estimates are from "Charlton Standard Catalogue: Canadian Government Paper Money. 24th Edition"
Edited by Canadian-Banknotes 03/31/2012 6:32 pm
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Rest in Peace
United States
9104 Posts |
Quote: Rotator Notes or "SWIMS" Note: The Serial Number on a Rotator note is the same as when you flip the note upside down. On a rotator note, the middle digit must be an 8 or 0, and the remaining digits have to be 0, 6, 8, or 9.
Example: 9000006, 8980686, 6990669 Quote: All Price Estimates are from "Charlton Standard Catalogue: Canadian Government Paper Money. 24th Edition" I hope the center example isn't from them.
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Pillar of the Community
Canada
4944 Posts |
Good catch Fred. It's fixed now.  No, the examples were ones that I came up with. I should have switched the 8's and 6's. 
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Pillar of the Community
United States
622 Posts |
Where can I go to get educated on bank notes and hunting? Loonies, Toonies, Radar? Have no idea how these terms apply to paper money.
Thanks - Owassokie
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Pillar of the Community
Canada
4944 Posts |
The book that many collectors of Canadian Paper Money use, is the one I was referring to in my first post.
"Charlton Standard Catalogue: Canadian Government Paper Money. 24th Edition"
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Valued Member
Canada
271 Posts |
I don't think there's much to be found in loonies and toonies. Paper money searching is good, but it's out of my price range so I can't share my experience with it.
-oddcoins... I'll stick to pennies. :)
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Rest in Peace
United States
9104 Posts |
Quote: Where can I go to get educated on bank notes and hunting? Loonies, Toonies, Radar? Have no idea how these terms apply to paper money.
Thanks - Owassokie Radars read the same forward and backwards. They go back to the first man's introduction to the first woman: "Madam, I'm Adam"Loonies and toonies are Canadian $1 and $2 coins. Toonies are also know as the coin showing the Queen with the bear behind. Quote: I'll stick to pennies. :) Only for a few months.
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Moderator
 United States
188122 Posts |
Quote:Quote: I'll stick to pennies. :) Only for a few months. Ouch! Too soon? 
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