Recent Posts

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11   The Trading Post / Looking for INK Lane/Macklem notes

on July 17, 2024, 11:34:54 pm

Started by docstrange - Last post by docstrange

I am looking for 2-3 change over INK Lane/Macklem notes in Choice UNC or better

Started by Breanna72 - Last post by TN56

I heard that the CDF prefix bills were mostly released in Quebec (I don’t know if that’s true) but I do have 3 of them in my collection. One from a ABM machine, another one bought from EBay and I found the other one in circulation. It’s cool finding the CDF bills in circulation it’s like getting hard as the new vertical 10 dollar bill is taking over Canada day by day. Haven’t received a Macdonald $10 or even Canada 150 $10 bill

13   Show and Tell / Re: $5 INS Rogers Radar

on July 16, 2024, 10:01:12 pm

Started by Breanna72 - Last post by TN56

Hey Breanna,

Thank you for the valuable information that you provide.i am on the lookout for anything that make the serial number special. I do have some radars in my collection but I usually spend the 3 digit radar as they are not special to me.

I also do collect the changeover signature like Macklem-Carney $5 2013 with 3.2 million printed I believe and or the vertical series $10 2018 FFE changeover which 854K were made I believe.

Once again thank you for the valuable information that you provided above

Started by Breanna72 - Last post by TN56

Hello Breanna72,

Amazing coin that you got there! I haven’t found one in my collection yet going to the bank to find it but I still couldn’t find the new 2024 Lucy Maude Montgomery loonie.

I was wondering which bank you got those rolls at? I go to TD Bank and CIBC in Toronto but still no luck

Started by Breanna72 - Last post by Breanna72

Hey All,

My favorite teller brought to my attention a new variation of loonie has been issued commemorating the birth of Lucy Maude Montgomery (a Canadian author) and there are lots of rolls in my banks right now.  It is the first of 6 commemoratives anticipated to be issued this year according to the RCM website. It is also the first $1 commemorative to feature King Charles III.  I picked up 4 bank wrapped rolls and there are lots in my banks right now.

I see on the website for the RCM they are selling the colourized and non-colourized separately in special RCM wrapping for $59.95 each. 

Want to say for anyone that wants to get some regular bank wrap rolls of commemoratives ... my experience is that within these rolls you will find both colourized and non-colourized coins.  How many of each can vary drastically.  While I've had rolls with 12-13 of each, I have also had rolls with 22c and only 3nc.

It makes sense for the later rolls issued to have less non-colourized as only 1/3 of the mintage is non-colourized and 2/3 are colourized.  Making nc rarer.  ;D

Breanna

16   Show and Tell / Re: $5 INS Rogers Radar

on July 15, 2024, 08:20:24 pm

Started by Breanna72 - Last post by Breanna72

Hi TN56,

If you are finding nice new notes (zero imperfections, scratches, or roller marks) in ATMs, look for radars and special serial numbers.  Maybe keep a couple of each prefix to form a set.

The prefix INS is a bit special because it is a "change-over" prefix.  That is when the signatures printed on the note change at some point in the numbering.  INS started with Lane/Macklem until about serial number 3969000, and then changes to the signature combination of Rogers/Macklem.  INS is the first prefix within the $5 denomination that bears Carolyn Roger's signature making those notes special.  The more perfect they are, the more valuable they are.

Hope this helps,
Cheers,
Breanna

17   Show and Tell / INT 3 digit and HCG 2 digit Radars

on July 15, 2024, 08:11:27 pm

Started by Breanna72 - Last post by Breanna72

Hi All,
Found the INT in an ATM while searching for INS.  No serious scratches. Definitely UNC, but not Choice  ;D  Got the HCG a couple of weeks ago. Shame about the condition.  :'(
Cheers,
Breanna

Started by Breanna72 - Last post by Just Bank Notes

These are simply my thoughts.  My answer to the question posed in this thread’s title needs to consider why.
 
Is there a need for this information?  My short answer to this question is yes.

A theme I repeat to other collectors is to consider different perspectives.  One of the Bank of Canada’s (BOC) mandates is to maintain a high credibility for our Canadian currency.  This encompasses design, printing, distribution, and destruction of bank notes. Some of these functions are contracted out to bank note printers and security transport firms for example. We bank note collectors need to remind ourselves that our hobby is not a central part of the BOC’s mandate.
 
Why “yes”?  The BOC and Canada’s charter banks keep records because it is necessary in the business of managing currency.  In order for our economic system to function, the BOC needs to know how much money is in circulation (“M1” money for example).  This is determined by accounting for new bank notes entering circulation and subtracting what is withdrawn.  Canada’s charter banks need to account for returned notes in order to get reimbursed by the BOC – to them it is simply a business transaction.  Every year, the total amount of Canadian currency in circulation increases.  Don’t worry – the BOC gets paid by the banks for these extra bank notes too.
 
We know the occurrence of counterfeit bank notes by denomination from public sources such the Bank of Canada annual report or other published papers.  This indicates that Canadian banks sort and count bank notes returned by denomination.

It is unlikely that note destruction records will be shared with the public.  There are other reasons to think about – general durability of bank notes – what denominations circulate more in certain parts of the country.  This sensitive information could be useful to the BOC, bank note printers and police/security agencies.

Collectors may wish to have more specific data about destroyed bank notes such as series or even prefixes!  That information is not needed for business reasons.  The only exceptions are circulating trial test notes, and we all know a fair amount about them.
 
JBN

Started by Breanna72 - Last post by Breanna72

Thanks Redlock,

I think there are members that could find out that info with a phone call, so won't be commencing a battle with the government about it anytime soon.  LOL

Breanna

Started by Breanna72 - Last post by Redlock

I've seen reports of paper currency still in circulation by denomination, likely on the BoC website I don't remember exactly. 

It was probably here:
https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-note-liabilities-formerly-k1/


But, I'm kind of curious about how many notes are being turned in aka shredded each year and if they collect that kind of data, which they likely do in some form or another, no?

By now, I am quite certain the BoC keeps records about it. Unfortunately, I didn't find any data during my rather quick search (I don't have the time for a deep dive at the moment).
Usually, Central Banks report such information in their annual reports or sometimes in special environmental reports (''going green'').
You are most likely a  Canadian citizen. Therefore, I suggest you try a ''Freedom of Information'' request with the BoC. It might be successful. If you are, please, let us know here in the forum.



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