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Should I Keep These Or Spend Them, Older Bills

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North of 49's Avatar
Canada
617 Posts
 Posted 12/17/2017  5:17 pm Show Profile   Bookmark this topic Add North of 49 to your friends list Get a Link to this Message Number of Subscribers
I am a hoarder by nature and so I find it hard to part with anything, but I think it's time to give it a try, and so in your opinion would you keep these or just let them go. ( all are G , VG at best)
cheers
Should-I-Keep-These-Or-Spend-Them,-Older-Bills
Should-I-Keep-These-Or-Spend-Them,-Older-Bills

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johnnysprawl's Avatar
Canada
1620 Posts
 Posted 12/17/2017  5:26 pm  Show Profile   Bookmark this reply Add johnnysprawl to your friends list Get a Link to this Reply
Seeing as their condition is poor, unless they have unique serial numbers, signatures, or errors, they look like spenders to me.

http://www.coinsandcanada.com/banknotes.php
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Mark1959's Avatar
7234 Posts
 Posted 12/17/2017  5:59 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
They are in pretty circulated condition, I'd spend them also - maybe on a nice crisp example. Or a 12 of Labatt's Blue!
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darryldarryl's Avatar
Canada
2426 Posts
 Posted 12/17/2017  6:44 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
I get a chuckle every time I pass one of these to a cashier at Shoppers Drug Mart or Walmart.They usually stare at the bill for a moment then say that they cant accept it because they think it's not real money.
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Mark1959's Avatar
7234 Posts
 Posted 12/17/2017  6:49 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
They usually stare at the bill for a moment then say that they cant accept it because they think it's not real money.


I actually got that response at my bank - I tried to cash in 7 Loonies and 2 Twonies the teller told me she cannot except these - so I still have them
Valued Member
United States
413 Posts
 Posted 12/17/2017  8:50 pm  Show Profile   Bookmark this reply Add Carrigna to your friends list Get a Link to this Reply
@ North of 49

I love your screenname. :) They are definitely spenders. I am sorry to say.

@ Mark1959

Isn't the teller correct in not accepting these coins as you are in the US? Or am I missing something here?

@darryldarryl

I thought these spenders are still legal tender even if they are withdrawn and no longer in circulation? If yes, you could have asked the manager to come and explain to the cashier that she or he is wrong to think that they are not a real money. Or is it difficult for you to deposit them into your bank account, I wonder?
Edited by Carrigna
12/17/2017 8:52 pm
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Mark1959's Avatar
7234 Posts
 Posted 12/17/2017  9:16 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
Isn't the teller correct in not accepting these coins as you are in the US? Or am I missing something here?

I don't know - they take Canadian cents, nickels, and quarters with no problem?
Valued Member
United States
413 Posts
 Posted 12/17/2017  9:29 pm  Show Profile   Bookmark this reply Add Carrigna to your friends list Get a Link to this Reply
@ Mark1959

Ah, I see!! Yes, the US banks will take Canadian cents, nickels, and quarters since they are commonly found in our coins. Not loonies or twonies as we do not have any equivalents here (in spite of our golden dollar coins). Not to mention that the Canadian dollar is not on same par with our US dollar--that is why the banks would not take them as it means they have no place for these coins and they would have to "over-pay" you for them. As to lower denominations, it is a common courtesy to take the Canadian coins at the US face value because many bank customers do not notice these coins until too late in their changes. Same goes for Canadians with American coins.
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Stogie's Avatar
Canada
89 Posts
 Posted 12/17/2017  9:30 pm  Show Profile   Bookmark this reply Add Stogie to your friends list Get a Link to this Reply
They are all very worn and very common...as such not worth saving. If I was you, I'd take them to the bank and deposit them into your account.
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Canada
5589 Posts
 Posted 12/18/2017  04:35 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I would give them out as Xmas tips to the paper carrier, waitress, barber, etc, since most have never seen anything like them before. I do the same thing with nickel dollars all year long.
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darryldarryl's Avatar
Canada
2426 Posts
 Posted 12/18/2017  06:55 am  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply

Quote:
I thought these spenders are still legal tender even if they are withdrawn and no longer in circulation? If yes, you could have asked the manager to come and explain to the cashier that she or he is wrong to think that they are not a real money. Or is it difficult for you to deposit them into your bank account, I wonder?


Even funnier is when the manager comes over and confirms the cashiers suspicions

Yes, they are legal tender however these bills were pulled out of circulation will before some of the cashiers and managers were even born.
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North of 49's Avatar
Canada
617 Posts
 Posted 12/19/2017  5:47 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
Yes I figured I would get rid of them , thought I better check with the experts first.
Thanks
Valued Member
United States
413 Posts
 Posted 12/19/2017  10:52 pm  Show Profile   Bookmark this reply Add Carrigna to your friends list Get a Link to this Reply
@ darryldarryl


Quote:

Even funnier is when the manager comes over and confirms the cashiers suspicions

Yes, they are legal tender however these bills were pulled out of circulation will before some of the cashiers and managers were even born.




Sorry to hear that. It does not cease to amaze me that young people are not "educated" about the currency and their legal tender status.

Does that mean you have to go down to the bank to deposit them or exchange them?

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Canada
5324 Posts
 Posted 12/19/2017  10:57 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
If stores knows the policy regarding the one and two dollar bills, you can just spend them or else take them to any bank for exchange.
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unruhjonny's Avatar
Canada
514 Posts
 Posted 12/20/2017  2:58 pm  Show Profile   Bookmark this reply Add unruhjonny to your friends list Get a Link to this Reply
I'd exchange you a $10 bill for that one you have there...

I too am in the same boat;
But seeing as I could only really afford to start saving bills within the last ten or so years, my canada bird series, or the 1974 series before that has mostly been purchased from other collectors.
I have a small stash of old bills in my wallet right now that I have just incase I need some cash - otherwise, they stay in my wallet.
three or four ones, some older paper fives, and a 1991 issue $20.
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