CPM Forum
Canadian Notes => Bank of Canada Notes => Topic started by: CA_Banknotes on May 07, 2005, 06:28:56 pm
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Last week, I withdrew $1000 from a CIBC ATM at the Meadowvale Town Centre in Mississauga, Ontario
The machine spat out 17 1975 $50s and a T-C note in Perfect UNC.
The $50s were C-B and L-B, there was 1 AU, 8 EF, 8 VF.
Aren't banks supposed to send these notes back to the BOC?
How did they ever end up in a bank machine? Especially 16 continuous ones too.
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Well, that's gotta be the best ATM find I've ever heard of. My credit union only stocks $20s in their ATMs. I'll keep my fingers crossed and hope for ten UNC 1935 $20's next time I take out $200. :)
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I was lucky, I got all of the 1975 $50s from the machine.
I whipped out my BMO card after seeing the notes, and withdrew another $1000. No more of the notes, but there were a awful lot of T-C $50s in good shape (EF and VF).
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Aren't banks supposed to send these notes back to the BOC?
How did they ever end up in a bank machine? Especially 16 continuous ones too.
Actually if these notes from the '69-'79 series are still in very good condition, there is no reason why the bank of canada would destroy them. It still happens occasionally that the odd 1954 $20 gets spat out. I still see Lawson-Bouey '79 $20's come out on occasion.
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I've withdrew almost $50,000 in $20s over this past year, and haven't found anything old....... No 79s or 54s for that matter. :'(
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What were the serial number prefixes on the 1975 $50's you've obtained from the ATM? And what bank did you get them from?
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Actually if these notes from the '69-'79 series are still in very good condition, there is no reason why the bank of canada would destroy them. It still happens occasionally that the odd 1954 $20 gets spat out. I still see Lawson-Bouey '79 $20's come out on occasion.
According to the Bank of Canada, "old series" notes are unfit for circulation and should be destroyed:
"A note is considered "unfit" for circulation when it is damaged, worn, soiled, discoloured, or mutilated. A note is also unfit if it is heavily creased or has a tattered appearance, indicating that the fibre of the paper is broken and that disintegration has begun. Dominion and Province of Canada notes, old-series Bank of Canada notes, and Bank of Canada $1 and $2 notes are also classified as unfit for recirculation."
I have to wonder what they consider "old series", since plenty of Birds notes are still around.
Source: http://www.bankofcanada.ca/publications/review/r973b.pdf
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A note is also unfit if it is heavily creased or has a tattered appearance, indicating that the fibre of the paper is broken and that disintegration has begun.
There are a ton of circulating Journey $5's and $10's that match that description!!!
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I think that if an older series note is in favourable circulation, I don't see why the banks should return them to the BoC to be mutilated. ::)
Hey, that's just my 3 cents. ;D
can-banknotes, whatever 1975 $50's you have in your possession, keep them. You may never get another chance to get any more of them EVER! 8)
Jonathan Seaward, out! ;)
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I exchange all 8 of the VF ones to my coworkers.
I also noticed there are tons of Bird 50s out there.
A few months ago, when I withdrew $50s from ATMs they would almost always be used Journey 50s.
Recently, when I withdraw $1,000 all of the $50s are Bird notes.
When I went to the branch, over 20 times, in $2,000 withdrawals, none of them were Journey $50s.