I went to my dealer today to bring in some old bills my dad had which I have been meaning to bring in for a while. He said half of them may be worth money in the future. So he said to spend the two dollar bills before it was to late because after all the plastic bills are out you will not be able to use the paper bills anymore. Is this true?
Not true. Any of the Bank of Canada notes will still be usable. They'll just be pulled out of circulation by the bank when deposited. I still see notes from the 50's in the till once in a while. They are no problem. However, I keep these for myself.
Canada has switched to polymer notes. We have 50s and 100s right now and will be getting the other denominations in the next year or so.
No, paper bills will be good for your lifetime. All bills (except for Canadian Tire Money) can be redeemed at face value .. if I remember right, back to the 30's, as long as they weren't private banks.
Only criminals in the movies stick money in the dryer to make them look worn. Your not a criminal are you? :devil:
I can understand waiting for that! One of my stepsons in Toronto had heard that, and I wondered if it was true or not. I'm sure he won't be testing it either!
Coward. But it may well be true. Here is an article from a Canadian television news site: New Canadian polymer $100 bill shrinks in heat Also, the central bank of New Zealand (where they use polymer notes too) says that "notes are sometimes accidentally damaged. Polymer notes will shrink if exposed to heat, for example." http://www.rbnz.govt.nz/currency/money/3258122.html Don't think this happens all too often though. And even if you shrink your notes, you can still get them redeemed ... Christian
