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 Replies: 9 / Views: 1,847 |
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Valued Member
Canada
62 Posts |
Lately there has been posts about coins such as ( 20 4 20 and others ) not being easy to take to a bank or store and have them accepted as real tender . This has me wondering if collecting bank notes a more viable or valuable investment . Is it easier to have older bank notes accepted at the bank and other places than it is for coins ? Would it be prudent to have a small percentage of your collection to include paper money or bank notes ?
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Pillar of the Community
Canada
5324 Posts |
Try using an bird series 50 or 100 dollar bill
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Pillar of the Community
Canada
3049 Posts |
The main problem is you called paper money an investment that you would consider taking to the bank.....if you take your common 1971 $1 note even in UNC condition it generally may sell for around $5. 5x return on your "investment"" over a period of 40 years is deplorable... So my best advice to your is to do a bit more research so you can collect more uncommon notes... Or don't think of it as an investment and just enjoy collecting for its own sake.
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Pillar of the Community
Canada
3692 Posts |
I say no. The only places I spend old bills are in coin shops or in banks.
Paper is cool as blank, but investment? You´re taking a big chance. According to Krause paper collecting has only gained popularity in the last 40-45 years, so catalogs are slim. You had to get your lists from dealers or collectors before that.
Especially in Canada or USA (but especially Canada IMHO), you have MANY many immigrants working in banks, not to mention the youngin´s who don´t know anything beyond ¨1984¨. 1987 to be exact. Immigrant bankers will tell you there´s no 50 cent coin, no $1 or $2 bill... Talk about erasing history one generation at a time...
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Pillar of the Community
Canada
1581 Posts |
The $20 for $20 aren't released to be currency.
I get why dealers who acquire them may want to dispose of them, but that doesn't explain how the dealers came about hundreds of them to begin with. Why did people order them if they didn't want them.
Nobody goes on a Bank of Canada web site and used a credit card to buy currency they want to spend. They use an ATM machine.
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Pillar of the Community
Canada
548 Posts |
The last time I tried spending a $1 bill they not only refused to accept it but essentially banned me from the store.
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Valued Member
Canada
245 Posts |
@Libertad: I don't think it has much to do with immigrants; you think a local youngster will know any better?!  Quote:
Talk about erasing history one generation at a time...
You really mean: "Talk about erasing history of European immigrants one generation at a time", eh?  |
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Pillar of the Community
Canada
3692 Posts |
- Both are factors that I´ve seen firsthand. I don´t just guess.
- No, I didn´t mean that. Look at the back of 1954 $1 bill and compare it to the back of 1967 $1 bill and tell me there isn´t an erasure or deletion of our agricultural roots in favour of a parliamentary culture instead.
Edited by Libertad
04/19/2014 1:19 pm
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Pillar of the Community
Canada
1581 Posts |
I think the themes change. The bills are trying to reflect the age they are released.
Look at the new bills. Have they erased our parliamentary culture for a science and technology one?
It's not the job of the workers to research what is and isn't legal tender. It's the job of the Bank of Canada and the Mint to educate the businesses and population.
Edited by dialog_gvf
04/19/2014 3:06 pm
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Valued Member
Canada
245 Posts |
@Libertad: I apologize, I misunderstood  |
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Replies: 9 / Views: 1,847 |
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Posted 04/18/2014 8:36 pm
