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Topic: Bank of Canada note liability  (Read 8043 times)
eyevet
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Bank of Canada note liability
« 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?
« Last Edit: March 26, 2005, 10:33:01 pm by eyevet »
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emsteph
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Re: Bank of Canada note liability
« Reply #1 on: March 26, 2005, 11:57:01 pm »
I don't know...let's ask Jonathan.  :-X
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JB-2007
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Re: Bank of Canada note liability
« Reply #2 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
« Last Edit: March 27, 2005, 01:10:24 am by JB105 »
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BWJM
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Re: Bank of Canada note liability
« Reply #3 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!
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BWJM, F.O.N.A.
Life Member of CPMS, RCNA, ONA, ANA, IBNS, WCS.
President, IBNS Ontario Chapter.
Treasurer, Waterloo Coin Society.
Show Chair, Cambridge Coin Show.
Fellow of the Ontario Numismatic Association.
Philippe_B
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Re: Bank of Canada note liability
« Reply #4 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.
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Philippe
Marc
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Re: Bank of Canada note liability
« Reply #5 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.
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Marc :)
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