New $50 Bank Note

ScottyZ

The new $50 bank note was put into circulation today. (It can take a few weeks for the new note to be widely distributed.)

http://www.bankofcanada.ca/en/press/2004/pr04-26.htm

The new $50 has security features which are similar to the new $20 and $100.

http://www.bankofcanada.ca/en/banknotes/counterfeit/security/index50_2001-04.html

ScottyZ

ConfusedONE

nice

what's next?

$1000 :canada:

ScottyZ

The printing of new $1,000 bank notes has been discontinued.

The next new note will be a version of the current $10 note with updated security features.

The Bank of Canada plans to upgrade the security features of the $10 bank note from the Canadian Journey series in the spring of 2005. The upgraded security features will resemble those found on the new $20, $50, and $100 notes from the same series. The note's theme and images will not change.

ScottyZ

ConfusedONE

what about the current $1000 in circulation?

are they gonna slowly disappear then?

CO :canada:

ScottyZ

The old $1,000 notes (and any old Bank of Canada notes of whatever denomination) remain valid currency. That is, they may be used to conduct a transaction between two parties if they mutually agree to conduct the transaction that way.

Generally, "out of print" notes are collected by the chartered banks, and are eventually swapped for new notes. How this happens exactly depends on supply and demand of bank notes, and the rate at which new notes are being produced, etc.

Although you sometimes do receive "old" bank notes from banks, in the case of $1,000's specifically (since the entire *denomination* is out of print), you should generally not expect to receive a $1,000 bill from a bank. Banks would collect and keep the $1,000 notes, and swap them for an equivalent amount of new bank notes.

ScottyZ

ConfusedONE

[Images deleted]


worth anything?

ScottyZ

Yes, it's worth the same amount as $1,000 in "modern" currency (if it as an authentic bank note of course).

As long as you can find someone who is willing to accept the note as payment, you're all set. Chartered banks will also normally accept any bank note as a deposit.

It may even be worth more than $1,000 to some sort of currency collector.

BTW, unauthorized reproductions of bank notes are illegal.

ScottyZ

ConfusedONE

ScottyZ wrote:

Yes, it's worth the same amount as $1,000 in "modern" currency (if it as an authentic bank note of course).

As long as you can find someone who is willing to accept the note as payment, you're all set. Chartered banks will also normally accept any bank note as a deposit.

It may even be worth more than $1,000 to some sort of currency collector.

excellent

ScottyZ wrote:

BTW, unauthorized reproductions of bank notes are illegal.

ScottyZ

roflmao