CPM Forum

Canadian Notes => Bank of Canada Notes => Topic started by: eyevet on March 26, 2005, 10:29:44 pm

Title: Bank of Canada note liability
Post by: eyevet on March 26, 2005, 10:29:44 pm

I was looking at the Bank of Canada outstanding note liabilities which is posted at BWJM's website.  It would appear that in 2001-2 that four  $500 notes were cashed in reducing the outstanding notes from 46 to 42.

Who in their right mind would turn in $500 notes for face value?

Title: Re: Bank of Canada note liability
Post by: emsteph on March 26, 2005, 11:57:01 pm

I don't know...let's ask Jonathan.  :-X

Title: Re: Bank of Canada note liability
Post by: JB-2007 on March 27, 2005, 01:07:18 am

nah, give the guy a break  ;D. Actually it was probably a senior resident who turned them in not knowing the extreme value $500 notes bring  :'( and also because it happens alot that senior return really old notes back to the bank

Title: Re: Bank of Canada note liability
Post by: BWJM on March 27, 2005, 01:25:21 am

Sounds like a question of the hour!  Little late for the response, so maybe we should move on.

I sure wish I was at the bank when that person deposited those notes.  I'd take out a loan to buy them if I had to!

Title: Re: Bank of Canada note liability
Post by: Philippe_B on March 27, 2005, 02:15:08 pm

About two years ago I was talking to Marc or Eric from C&P Numismatics and they told me that an old lady in Quebec City had deposited two 1935 $500 notes. The bank employees didn't know what to do with these notes and they sent them back to the BOC.

I think that the BOC sent the two notes to the currency museum.

Title: Re: Bank of Canada note liability
Post by: Marc on March 27, 2005, 08:26:36 pm

Quote

I think that the BOC sent the two notes to the currency museum.

Ah well...so long as they're preserved somewhere.