Subj : Re: The million dollar bill is a souvenir bill.  :(  The highest
To   : Shawn Highfield
From : August Abolins
Date : Wed Dec 16 2020 19:36:16


 SH> This change will affect the $1, $2, $25, $500 and $1,000 notes, which are no longer being produced. Essentially, this means that Canadians will no longer be able to use them in transactions.

 SH> The $1 and $2 notes stopped being issued in 1989 and 1996, respectively, andwere replaced with coins. The $25 note was a commemorative note. Both it and the $500 note werediscontinued shortly after they were issued in 1935. The $1,000 note stopped being issued in 2000.

BUT.. I think the same article continues to say:

"But, the bank said these notes will not lose their value.  Canadians can redeem them or keep them."


 SH> Some rarer notes could be worth significantly more than face value tocollectors.

It might be possible to list them on eBay - and hope for the best, but generally, a buyer/collector is not guaranteed to pay the boastful purported price mentioned in some news article.


  SH> The Bank of Canada has provided step-by-step instructions for sending banknotes directly to the Bank for redemption using our Bank Note RedemptionService. For more information, read our backgrounder on changes to legal tender status. - Bank of canada website, May 31, 2019

Meanwhile, just delivering them to any canadian bank ought to work too.


 SH> So that kind of sucks for people who pay cash for large purchases.

I don't visit the bank as often anymore (pissed off at how slow they operate and charge service fees for NO service) ..so I end up with bulky piles of 20's or 50's that I wouldn't mind reducing to a few 500's or something.

It would easier (no fees, and faster) to just hand over the 20's and 50's and get the larger denominations and walk out than it is to make a deposit.  ;)

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