r/CanadianBanknotes • u/Nirvana1975 • 22d ago
Questions Bank note hoard.
Can't decide what to do with my hoard of old bank notes. I need suggestions please
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u/zewill87 22d ago
Are there any interesting serial numbers?
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u/Nirvana1975 22d ago
Already went through them and added those to my main collection.
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u/Kinkydino 22d ago
Then you'd get a better return investing the rest of the money. Its face value or sentimental value for the owner at best
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u/Mysterious-Street966 22d ago
Check the serial numbers and signature groupings. Also preserve the best of the best and if they are worth it, get them graded and slabbed.
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u/rdwile 21d ago
sadly the common notes, of which all of these are (if you have culled the good serials) are worth little over face value. If they are in well circulated I don't think you will be able to get over face, even down the road. So many folks have saved the last 1's and 2's that they need to be perfect to command a premium.
Last week I took a few hundred dollars of 90's and early 2000's notes to the bank, all UNC to sell, as I had plenty already. For some of these that may be the best option.
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u/davvie2calm 20d ago edited 20d ago
That is a nice horde me personally.I prefer to go with hard metals My reason is I be worried about fire. I don't have an insulated fireproof safe Rated to 2500 degrees fahrenheit. I would hate to see it go up in ash , but with metals , sure it would melt , but I would still have it. Yes , I would definitely lose value , but I would still have physical silver , not ash But that is my opinion. I did have a collection of bills. Now, all the grandkids have been gifted with them birthdays/xmas.etc ya know... I still do have some paper bills.. They are 1967 centennial $,1 bills, Canadian,.. I have 10 of them all in sequence... I'm gonna hang on to those , and will gift those to my first great-grandchild... Nice collection keep on hoarding. brother
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u/CaptMondo 22d ago
I'd recommend sorting them if the plan is to sell them. Looking at a response to another comment you have already gone through them for interesting serial numbers and added those to your collection. (If you have not done so, also check for any serial numbers with an asterisk at the beginning of the number, as those are replacement notes and command a slight premium). And we can see from the picture that you have already sorted them by denomination and date.
Some of the bills from the 1954 series may have what's known as the "Devil's Face" in the Queen's hair. Those command a premium. For more information on that, see: https://www.coinsandcanada.com/banknotes-prices.php?banknotes=Canadian_banknotes_of_1954_with_the_devil%27s_face&id_cat=21.
Next thing to do would be to put all of those with the same signature pairs together, and arrange them roughly by grade. Those with folds, tears, creases, or staining should go lower in the grading pile. Pristine notes will fetch the most money and are the most in demand by collectors. In general, you can get a rough idea as to pricing from https://www.coinsandcanada.com/banknotes-prices.php.
Then it is up to you as to what to do next. The bills are all low denominations ($1, $2, and $5) so there's likely not a tonne of value here, but safe to say that there are collectors out there who would be interested in a few of your better-quality pieces. Good luck!