Too Many Canadian $20 Bills? - Coin Community Forum

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Author	Replies: 6 / Views: 1,842
macdon Valued Member Canada 495 Posts	Posted 01/07/2015 08:30 am I was at my local bank the other day and the teller I deal with on roll hunting mentioned to me that they were told to send back old $20 bills because there are too many of these in circulation has anyone heard of this? Report this Post to the Staff

47P7 Pillar of the Community Canada 1505 Posts	Posted 01/07/2015 09:38 am Tellers do make up stories. Report this Post to the Staff
arianzo Pillar of the Community Canada 2124 Posts	Posted 01/07/2015 09:58 am Old means not polymer? Report this Post to the Staff
tfred Pillar of the Community Canada 627 Posts	Posted 01/07/2015 11:22 am Correct. The plan is to have only polymer notes circulating. as more and more polymer notes are printed ,the paper notes are withdrawn. The tellers are the front lines of the banking world. Get to know someone from the bank and have them save them for you. I only have them save the older ones for me. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 01/07/2015 11:29 am Yes this was already happening 2 yrs ago with the introduction to the polymer notes... The $20 bill can be considered the "work horse" of all denominations for notes. They are used more frequently, there are more prefix's and they wear faster. When the switch to the poly 5's, 10's and 100's were done basically as soon as the denomination was handed into the bank it was to be replaced with a poly note. But for the $20's they slowly were taking them out of circulation while still keeping the "best" of the paper issues to ensure a smooth transistion with few if any shortages. Report this Post to the Staff
lyradnoj Pillar of the Community Canada 548 Posts	Posted 01/08/2015 4:01 pm Funny, but I can't even remember the last time I got a paper $20. They certainly aren't loaded into the banking machines. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 01/08/2015 6:24 pm I got one just the other day when I had to make a withdrawal... but it was right at the teller inside the bank. They are out there just fewer and fewer.. Report this Post to the Staff
	Replies: 6 / Views: 1,842

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