Old Canadian Tire Money Could Be Worth Thousands | Valuable Canadian Tire Bills – What used to be known as a form of reward from the Canadian Tire store is now considered to be one of the best collectors’ items. Some of these bills selling for thousands of dollars collectors and Canadians are running around checking their pockets for the rare bills they possess. Collectors and specialists in the sphere of collection coins encourage a closer look at these childhood souvenirs.
What is Canadian Tire Money?
CTM, better known as Canadian Tire Chain, was launched in 1958 as an anti-inflation loyalty program. At first, they were placed in Canadian Tire gas stations as these colourful paper bills with small denominations, 5 cents or $1, could be exchanged for a discount in the stores.
Since 2014, the program has gone fully online but the actual bills have evolved into objects of display or memory. Due to the past and unique concept they are now commanding mouthwatering prices in auctions and private sales.
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Valuable Finds: Examples of High-Value Canadian Tire Bills
Recent market activity highlights several notable examples of high-value Canadian Tire money:
- 1989 $2 Bill: One of that set was a seven-digit note with misaligned serial numbers that were sold for $3000 through an auction.
- 1958 50-Cent Bill: Regarded as an antique, this bill can be sold for $1,500 or more.
- 1985 10-Cent Note: A bill, which was posted on an online marketplace at a shocking price of $4,000 because the sellers claimed it was unique.
- 2022 $100 Commemorative Note: Original never circulated coins have been coming to market at a price range of between $2000-$3000 to mark the chain’s 100th anniversary in Canada.
To add on this, collectors will also look at bills that have printer defects, replacement bills, and those in the specific series, the 75th Anniversary series, or pre-1961 designs that feature Sandy McTire as the brand mascot.
Why Canadian Tire Bills Are Most Valuable?
Experts attribute the surge in value to several factors:
- Nostalgia: As Canadians reminisce about their history, collectibles like CTM have become more desirable.
- Rarity: Bills from earlier decades, particularly the 1950s and 60s, were issued in limited quantities.
- Condition: Crisp, uncirculated bills hold greater value than worn or folded ones.
- Errors and Variants: Misprints or unique design features significantly increase worth.
According to the Canadian Tire Coupon Collector’s Club (CTCCC), a community of enthusiasts dedicated to preserving these bills, the rarity of specific notes has driven up demand among serious collectors.
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Where to Sell: Canadian Tire Coupon Collector’s Club
For those lucky enough to uncover a valuable note, there are several ways to cash in:
- Online Marketplaces: Sites like eBay are bustling with activity for CTM, with listings ranging from a few dollars to several thousand.
- Collector’s Clubs: The CTCCC offers members a platform to trade, auction, and discuss the value of their collections.
- Professional Dealers: Currency specialists can appraise bills and connect sellers with serious buyers.
CTCCC President Alex Bernard advises, “Before selling, ensure you understand the market value. Rare bills in pristine condition can be worth much more than their face value.”
Tips for Assessing Your Collection
To determine whether your Canadian Tire money is valuable, follow these steps:
- Inspect the Condition: Mint condition bills are significantly more valuable.
- Research Rarity: Look for older bills or limited editions like the 100th Anniversary series.
- Check for Errors: Printing mistakes, such as misaligned text or missing ink, can boost value.
- Consult Collectors: Join forums or clubs to get advice and insights from seasoned collectors.
A Shift to Digital but a Legacy Lives On
With Canadian Tire’s loyalty program now fully digitized under the Triangle Rewards program, paper bills are no longer issued. However, their legacy as collectible treasures continue to thrive. The bills’ historical significance and the thrill of uncovering a valuable note make them a favorite among hobbyists and investors alike.
The Final Word
As Canadians dig through old drawers, glove compartments, and forgotten stashes, many are discovering that Canadian Tire money is no longer just a quirky relic of the past. Whether it’s a $2 bill with a printing error or a 50-cent note from 1958, these paper coupons have become a surprising source of financial gain.
For collectors and casual enthusiasts, the hunt for valuable Canadian Tire money has only just begun.
